CesarSchneider

CesarSchneider

Lessons learned about buying the dip: 1. Your support line is NOT a dip 2. Your EMA is NOT your dip 3. Your fancy-powerful-best indicator is NOT a dip A real DIP is when volumes goes down, prices start to go up 3 days in a row and there is more green performance % than red. The yellow areas are just fake outs!

CesarSchneider

BTC price is still bouncing between 53-57k price range during consolidation phase and building support at this level for another price discovery mode trial probably next week. No volume or price action change during this period as bulls might be waiting for another bear's shake-out and future contracts expiry dates by the end of this month.

CesarSchneider

Bulls got rejected strongly again after the new ATH during this week. Sell-offs usually are happening during the weekend and after strong moves and consolidation during the week ahead with sideways moves is expected. After a sharp wick to 54.300, candle shadow is still holding up the previous support at 56.200 and a rebound is expected at this level. Next week is...

02:40

CesarSchneider

After rejection at 40k USD level, Bitcoin retraced to Fibonacci levels and now is moving sideways possibly until the end of this week to shake out retail investors and also to capitalize the next move upward. The sideways movement might be expected between 32k and 36k levels where volume will be gradually decreased and could form a horizontal triangle. An...

CesarSchneider

BNT still in a downtrend and targeting the next Fib retracement at 0.78 level. I'm shorting my positions considering the bull momentum for BTC in the short-term.

CesarSchneider

Considering all things that happened on last 12 months, I "guess" 600% per year is a good profit, right!?

CesarSchneider

Placed support and resistance lines at $2 and $2.5 to confirm trend direction change from short to long on next week.