TheChasm
Short

Predicting Bottom in March

BITSTAMP:BTCUSD   Bitcoin / Dollar
427 14 1
BTC still has plenty of room to continue to move down. This shape has resembled past moves very very closely and the price will likely base in march when accumulation begins to overcome distribution.
nick.stoneman.5
2 years ago
Many thanks for this chart - much appreciated and I value your analysis. My buy limit orders on my shorts from $663 are in the middle of your accumulation zone so I hope that's a good sign! Thanks again and best wishes, Nick
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TheChasm nick.stoneman.5
2 years ago
okay goodluck! hope you make some money
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TheChasm nick.stoneman.5
2 years ago
Did you hit your BUys? We had one candle down to 400
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nick.stoneman.5 TheChasm
2 years ago
Yes thanks. Now short again looking for another dip to take profits then buy on. What do you think?
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TheChasm nick.stoneman.5
2 years ago
I'm not comfortable shorting anymore... I am accumulating a buy and hold position now
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nick.stoneman.5 TheChasm
2 years ago
Many thanks for the very propmt replu. Accumulating is sensible. My most profitable trade was using limit buy orders to pick up bargains on one of the spike bottoms. Perhaps I should stick to that. Best wishes, Nick
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nick.stoneman.5 nick.stoneman.5
2 years ago
I meant reply of course! Fat finger syndrome.
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Mdotee.
2 years ago
what marketplace do you trade on to short?
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TheChasm Mdotee.
2 years ago
BTC-E > MetaTrader 4
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Mdotee. TheChasm
2 years ago
thanks a million. I bought in the mid 600s expecting a upward breakout in the next 2-3 days, but after seeing your TA, it seems wise to bow out gracefully and buy back in the 500s
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TheChasm Mdotee.
2 years ago
If you are referring to this chart as why to buy back in the 500s I recommend checking out some other ideas. This chart didn't work out as I planned. We only have 1 candle wick down through my accumulation zone, and price has stayed in the upward quadrant so far throughout March. I don't have a lot of confidence in any of my short term BTC predictions right now. I have bought a lot of coins in the low 600s and I have some more money ready if we drop to the 500s. I am going buy and hold right now for long term.
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Mdotee. TheChasm
2 years ago
Thanks for clarifying-- I am no expert but I thought I was seeing buying signs too when I pulled the trigger. It sounds like this chart goes against the predictions on your earlier arc chart. Guess youre going back to what works :)??
BTC where

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TheChasm Mdotee.
2 years ago
Yeah, if you look at that chart it looks like the bottom is in, and its all upward from here with small pullbacks
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grahvity TheChasm
2 years ago
This chart convinced me, well, almost has me convinced that you're correct.
Update: Basing At 554.65? | $BTC $LTC $USD #bitcoin #litecoin
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