SHORT TERM BUT IN A FEW WEEKS/MONTHS?!!
TRENDLINE SHOWN BELOW ALSO CORRESPONDS TO THE BOTTOM OF EACH BEAR MARKET! WILL WE BOUNCE OFF IT ONCE AGAIN CREATING A LOWER LOW BEFORE SKYROCKETING TO ALL TIME HIGHS?!
You can't be emotional in these markets (stocks, forex, crypto, real estate, etc). You will lose this game following the news and doing what the majority does. News creates emotions. Everything you need to know are on the charts. News are manipulated by the elites, and they take advantage of our emotions. Stop listening the news and pay more attention to the charts. Don't follow the majority, because the majority will lose in the end! Also, don't buy the hype when everyone is buying.. instead buy the fear when everyone else is selling
Everything is on the chart! Cryptocurrencies are on the verge of exploding higher. Dips/Corrections are normal and needed in a bull market, and are BUYING OPPORTUNITIES! HUGE GAIN opportunity in the coming months! NEVER TRADE BLINDLY. USE MULTIPLE INDICATORS TO MAKE CALCULATED DECISIONS. TRADE WITH NO EMOTIONS!!
1. ARE WE CREATING A HEAD AND SHOULDERS? Target - measure is from the top of the head to the neckline of the shoulder. $18k 0 $24k (Grey box also corresponds to the 2017 BITCOIN TOP!!)
2. 3 YEAR TRENDLINE SHOWN BELOW ALSO CORRESPONDS TO THE BOTTOM OF EACH BEAR MARKET! WILL WE BOUNCE OFF & CREATE A LOWER LOW BEFORE SKYROCKETING TO ALL TIME HIGHS?!
3. LOOKS LIKE IT MAY CROSS IN THE COMING WEEKS/MONTHS. AWAITING IT TO PASS 20 LEVEL FOR CONFIRMATION!
1. $32,400 (CORRESPONDS TO THE 2.618 FIB. GOOD BUY IF WE HAVE A WEEKLY CLOSE ABOVE, IF NOT, WE GO DOWN FROM HERE!)
2. $23,777 (CORRESPONDS TO THE 1.618)
3. $18,448 (CORRESPONDS TO THE 1 FIB. ALSO CORRESPONDS TO THE TOP OF THE 2017!!)
"If you can't beat the fear, do it scared!"
"Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet.
"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet
"Show me the charts, and I'll tell you the news." - Bernard Baruch