It has been a long weekend for me as I'm continuing to move house. Just whilst I have a moment I'd like to update everybody on what Bitcoin is doing and how to trade it professionally!
Another follow up analysis of Bitcoin! Price has moved strongly to the upside since I predicted an up move at support at 5790, so the analysis is running perfectly. Price has now stopped a side-wards resistance level at 6400. (See related ideas for more information regarding this analysis) Now, price looks like it's had a minor rounded top that started on 30th June and has continued since.
There is a short term horizontal support zone between 6280 and 6180, which also coincides with the 20 and 50 moving average converged support. This is the logical place to first look for price to correct to, before buying to the upside. Also, if price goes into the horizontal support zone as I'm predicting then price will also hit Fibonacci retracement support, meaning there will be a compelling launch pad for price to go to the upside.
When price hits the support zone watch for a buy, with a view of holding Bitcoin until the next structure resistance, which is the only real logical level to hold, at 6820 to 6925.
Bear in mind if price doesn't go below 6320, then it might not even correct at the horizontal support zone mentioned for the up move. So you need to keep a sharp eye on price action at around this level.
I will update this analysis throughout if it receives sufficient attention.
Please leave a Like and Follow, I'd really appreciate it :-)
Another follow up analysis of Bitcoin! Price has moved strongly to the upside since I predicted an up move at support at 5790, so the analysis is running perfectly. Price has now stopped a side-wards resistance level at 6400. (See related ideas for more information regarding this analysis) Now, price looks like it's had a minor rounded top that started on 30th June and has continued since.
There is a short term horizontal support zone between 6280 and 6180, which also coincides with the 20 and 50 moving average converged support. This is the logical place to first look for price to correct to, before buying to the upside. Also, if price goes into the horizontal support zone as I'm predicting then price will also hit Fibonacci retracement support, meaning there will be a compelling launch pad for price to go to the upside.
When price hits the support zone watch for a buy, with a view of holding Bitcoin until the next structure resistance, which is the only real logical level to hold, at 6820 to 6925.
Bear in mind if price doesn't go below 6320, then it might not even correct at the horizontal support zone mentioned for the up move. So you need to keep a sharp eye on price action at around this level.
I will update this analysis throughout if it receives sufficient attention.
Please leave a Like and Follow, I'd really appreciate it :-)
Comment:
Bitcoin having a market correction after the nice up move. It looks like it's struggling to pick up momentum from current levels at 6570, and I expect a downside correction which will find support at either the 20, or 50 moving average, using them as support, before a bounce to the upside.
As it stands, I highly doubt the upside momentum will continue before a correction takes place.
Please leave a LIKE and COMMENT. I'd really appreciate it. :-)
As it stands, I highly doubt the upside momentum will continue before a correction takes place.
Please leave a LIKE and COMMENT. I'd really appreciate it. :-)
Comment:
Price has perfectly hit my predicted pullback as per my previous update (See above idea update for pullback zone)
Now price is green! Looks like we have found the right zone once again and will have yet another profitable trade.
Bear in mind however just because the pullback zone is confirmed somewhat, the candles are still weak, so it might pop up only a little, come back down, perhaps form a double bottom, then be ready for a buy later.
Please leave a LIKE and FOLLOW. I'd really appreciate all your supports.
Now price is green! Looks like we have found the right zone once again and will have yet another profitable trade.
Bear in mind however just because the pullback zone is confirmed somewhat, the candles are still weak, so it might pop up only a little, come back down, perhaps form a double bottom, then be ready for a buy later.
Please leave a LIKE and FOLLOW. I'd really appreciate all your supports.
Trade closed: target reached:
Price hit target, and this analysis went perfectly to plan. Very nice profits were made.
To catch the next move with me, leave a LIKE and follow so you don't miss the latest.
I am glad to be everyones one stop shop for consistently profitable Cryptocurrency analysis! :-)
To catch the next move with me, leave a LIKE and follow so you don't miss the latest.
I am glad to be everyones one stop shop for consistently profitable Cryptocurrency analysis! :-)
Comment:
Brand new analysis has been posted on Bitcoin with my latest thoughts and predictions.
Please head to my new idea and leave a LIKE and COMMENT. I'd really appreciate everyones support :-)
Please head to my new idea and leave a LIKE and COMMENT. I'd really appreciate everyones support :-)
I am happy with my current plan, and price looks like it can achieve my target of between 6810 and 6910.
Bear in mind there may be short term corrections on the way to target, which is a perfectly natural market behavior.
For the multiple people private messaging me on TradingView asking if I am a Whale, the answer is no, haha. I am simply using a well versed trading strategy and my years of experience.
You don't need to be a Whale to predict market movements, you need a strategy.