Bluewhere

Bluewhere

"Be fearful when others are greedy and greedy when others are fearful.” Possibly one of the most influential quotes of all time when it comes to investing. While this is necessarily not always the case, Warren Buffet understands that the whole merry-go-round that we call the stock, gold etc. markets are based on one, though far from simple, thing: psychology of...

Bluewhere

Moving averages. Whether you love them or hate them, trade with them or without them the fact of the matter is that some of them are very significant, even on their own as they can act as support and resistance. Once they cross however, their power can absolutely make or break a market as seen countless times in the stock and gold market but also with Bitcoin and,...

Bluewhere

For the last couple of weeks, Bitcoin - BTC has been in a steady uptrend that seems to now be coming to a close. Above us, the 20 weekly MA is closing in and if you take a look at the past few months, it has been a resistance that BTC simply could not pass. On the contrary, during the bull market the 20 weekly has proven to be an extremely strong support and...

Bluewhere

Welcome everyone! Let´s get right to it: after a very massive support break at 6k, Bitcoin went in for a cliff dive that caused a lot of carnage. However, it finally seems that the long expected correction to the upside is ahead of us. 1.) We touched the 200 weekly MA: it is one of, if not THE most important MA´s in all of technical analysis. Also called "the...

Bluewhere

As the chart is pretty self explanatory I will be brief. As we all know the one true "pillar" of TA that has stood the test of time is that resistance becomes support and support becomes resistance. Almost always. The higher the time frame, the more likely the price action will follow this rule. Based on this, I have drawn several trend lines that lead me to...