yabodo
Long

The end of BTC crises

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Markets have shown stability for a few months and that stability ending with a strong bullish move is nothing but a bullish sign. Of course the price fluctuates a little bit, but the panic seems to be gone and crisis without the panic mark the end of the crisis.

(Woo! Made my first post!)
Order cancelled: Bears have successfully convinced me the price will go down once more, which means long term buy and short term sell.
Comment: Turns out that long-term buy was the way to go.

Comments

yabodo meredas
@meredas, Thank you, but your RSI doesn't seem to agree with you. Or maybe I'm just wrong :)
Reply
@yabodo, Not sure if you use the TD sequential in your analysis, but I just wanted to point out that we are printing 9's on the Daily, 3-day, and Weekly time frames showing directional exhaustion, plus, a Wyckoff Spring usually always occurs prior to a sustained bull run which has the price drop down and test all time lows before then turning course and beginning the upward march. I will of course agree that anything is possible, but these are just some things to watch at this juncture- going down again (perhaps not as low as this other chart here that someone shared with you in responses, but 3400-4400 is definitely on the menu in the coming weeks/months imo, ;-)- all the best.
+1 Reply
yabodo W3rN0tAl0n3
@W3rN0tAl0n3, Thank you for the answer. The exhaustion I did notice and I haven't heard about Wyckoff, so I found myself a new book to read. Seems like a smart fellow. :)
Reply
meredas yabodo
@yabodo, It s ok the rsi...don t woory ;-)
+1 Reply
I'd like to see a retest of lows before a move higher

Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out