jaydee_757

BTC - 3 YEAR RSI TRENDLINE WITH H&S? NOT YET MOONBOYS!

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
TO KNOW WHERE THE ALTCOINS ARE GOING, WE NEED TO FOLLOW BITCOINS NEXT MOVE.

SHORT TERM BEARISH BUT BULLISH IN A FEW WEEKS/MONTHS?!!

RSI 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!!

FACTS:
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. RSI 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. STOCHASTIC RSI LOOKS LIKE IT MAY CROSS BULLISH IN THE COMING WEEKS/MONTHS. AWAITING IT TO PASS 20 STOCH RSI LEVEL FOR CONFIRMATION!

BUY TARGETS:
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!!)

Good Luck!


"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

Comments

An unpopular sentiment that BTC still needs to bottom and XRP is going to moon but it’s written on the charts. Good to see others of the same persuasion.
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@Jaydee_757 nice chart and thanks for all previous posts we look forward to seeing them
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Agreed- DYOR goes a long way for the insecure/emotional trader. It's best to ignore the majority. Great chart BTW.
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@Michael_StClaire thank you!
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Do you not think RSI and Stoch are close to being bottomed out here per your chart?
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@TheKitchenTrader it looks like.. we need to see if we can bounce off it end of week or next week
+1 Reply