the Market can show a significant sign of reversal [BTC/USD]
the Summer is over, it's time when big money and high rollers are back to the game. Every time when I read the top authors on TV I can not understand or they write a book and this is another their thread or what? Guys we are talking about high speculative asset if there a reason for thousand words, I think not.
Here is a 3D TF, which is most used by near-term traders, you can see the situation when the price was trying to break through 200 EMA but failed. The price is between the resistance line - 100EMA and the support line - 200 EMA... difference between them is around 25-30% of profit.
the RSI > 50, is it good? Yes, if you don't know why, Google it.
the MACD is above the signal line, is it good? Yes... but the MACD is still below the centerline and it's a little sad.
Go next. The one month chart.
Let's try to describe the situation on the 1M TF. I don't like when the price is below the 7EMA which is a sign of the downtrend AND you will be right if think the monthly chart is more important than the 3 day chart. What's next? I believe by the end of this month the price will jump above 7EMA and the October trade session will open above 7EMA on the 1M TF too, which will be a sign of uptrend and money for us.
Are you ready for this?
I live from session to session, it help me be patience and trade smart. This is a Q(3 months) chart. The most simple chart to understand what future is going for BTC holders, $10k again or $20k again for this asset, easy money for smart traders.
What can I recommend to you. If you are a margin trader, be careful x5 or x10 leverage is max for open a good deal.
Enter: 7300/7200/7100
Close: hm... Should I close long if I x10 on the uptrend?
Likes and Comments are WELCOME! Thanks!
Here is a 3D TF, which is most used by near-term traders, you can see the situation when the price was trying to break through 200 EMA but failed. The price is between the resistance line - 100EMA and the support line - 200 EMA... difference between them is around 25-30% of profit.
the RSI > 50, is it good? Yes, if you don't know why, Google it.
the MACD is above the signal line, is it good? Yes... but the MACD is still below the centerline and it's a little sad.
Go next. The one month chart.
Let's try to describe the situation on the 1M TF. I don't like when the price is below the 7EMA which is a sign of the downtrend AND you will be right if think the monthly chart is more important than the 3 day chart. What's next? I believe by the end of this month the price will jump above 7EMA and the October trade session will open above 7EMA on the 1M TF too, which will be a sign of uptrend and money for us.
Are you ready for this?
I live from session to session, it help me be patience and trade smart. This is a Q(3 months) chart. The most simple chart to understand what future is going for BTC holders, $10k again or $20k again for this asset, easy money for smart traders.
What can I recommend to you. If you are a margin trader, be careful x5 or x10 leverage is max for open a good deal.
Enter: 7300/7200/7100
Close: hm... Should I close long if I x10 on the uptrend?
Likes and Comments are WELCOME! Thanks!