Bitcoin Daily Update (day 255)

I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business.

My recent Bitcoin Bubble Comparison - 3 Day Chart led to the following calls: < $5,750 by 11/15/2018 & my prediction for the bottom is $2,718 by 1/20/19 | My Bitcoin Bubble Comparison - Monthly Chart closely mirrored my price and time targets | Calling for $35 ETH before the end of 2018.

Previous analysis / position: Short BTC:USD from $6,353 and Short ETH:USD from $205.72

Pool league started last week and it has gotten me out of my routine a little bit. Not going to be able to do the full post tonight, however wanted to provide a quick update. It may not seem like there has been significant price action over the last 24 hours, but there has. The price closed below the symmetrical triangle and created a new low. We are now seeing resistance from the short term MA while the medium and long term MA's are making a death cross. Now is the time to be fully positioned into a short (if you're into that kind of thing).