MoneyPatterns

BTC - Bullish EMA Cross - Further Consolidation Possible

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
TRADING ACTIVE

Trade Entry
1. Adding to position, I would wait for break of 10WeekMA around $8k for confirmation bullish to next high OR if rejection of 10WeekMA wait for Buy Zone.
2. Not already in BTC , I would consider buying a small position at this price as BTC can go parabolic as we end pattern. Once you have a small position, assume that we may consolidate further (use #1 above).

Chart Details
Seeing Bullish EMA Cross today on Daily view.
Watching to see if price rejects at $8k (10WeekMA).
If rejection, Buy Zone is $7100 - $6k.
Small chance of low down below $6K (always save buying power for here).
Weekly view shows green Sell Signal (mixed signal).
If we break $7692 this should trigger Buy Signal on Weekly.
RSI working in channel will breakout to confirm trend.

Outer Space Chart (Long Term View)

About Me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
I am transitioning to my new website https://www.moneypatterns.com and have updated my name previously jbird7839. Same guy - new name. :)
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD , GBTC . Short term GDX Bullish , SPXS Bullish
Comment: I apologize for the audio being bad here.
It was fine in the preview and recording.
I have ordered a new mic as the easiest fix arriving Tuesday.
TradingView did not like my bluetooth gaming headset :(

Comments

I am not sure if the audio is working here. When I save the video and playback it sounds fine, and then upload and its garbled.
Someone let me know if this is just me, or the video is screwed up.
Reply
I was foolish to not acquire at 6900 last week. I will not make that mistake on the next occurrence. It’s getting hot out there!
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