MutexLock1

BTC bullish short term

Short
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Godmode and other indicators indicates upside in the next move.
There's enough volume and we've also crossed the 0.618 Fibonacci retracement line.
Comment: We crossed $3700... If we close a few candles above it, we have a new support level!
Comment: Hourly candle closed above $3700. Good omen!
Comment: Godmode & LSMA indicate bull move again.
Comment: Very nice - we closed 2 hourly candles above the $3700 level, let it be our new support! Godmode & LSMA indicate bearish attack, and we're overbought by RSI.
I think it's time for a little consolidation.
Comment: 3800$... Yeah.
Comment: Consolidation is for pussies!
Comment: Notice how price bounces off the trendlines!

Comments

@MutexLock absolutely! I would never solely rely on one person. Its good just to get a general idea of what people are thinking and i fit matches up to what I'm thinking. I've been treating this like a full time job for the past month studying technical analysis. I'm finding the crypto doesn't always play by the same rules.
+1 Reply
MutexLock1 TylerWayne
@TylerWayne, I agree. I advice you to subscribe to the trusted chartists here.
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@MutexLock I appreciate it I just saw at the top it said short but from the summary it sounded like you believed it was going up. Still learning and trying to take as much in as possible. I've made a lot of mistakes already thinking we were going to get consolidation, and we haven't. I have 6k to play with and should bought a week ago. I love this stuff but I need to get better at reading chart. Thanks for all you share. Huge help!
+1 Reply
MutexLock1 TylerWayne
@TylerWayne, I'm glad I'm helping you, but please don't take my charts too serious, I started trading a week ago with 3000 EUR and all charts you see in my profile page are literally my first charts ever. Learn technical analysis and use your own gears. Goo luck!
Reply
Are you saying its going up a little more or down?
+1 Reply
MutexLock1 TylerWayne
@TylerWayne, up. But use your own head. I may be horribly wrong.
Reply
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