What's up traders,
As you all will know, I have been keeping a very close on Bitcoin , and have been posting many analysis in relation to it. If you review my previous Bitcoin analysis (Find analysis in my related ideas) you can see we have perfectly predicted Bitcoins every move within the last few months.
Always remember, a trader who posts an analysis which is biased and goes wrong, is NOT trading properly. A biased sentiment is good, IF you have considered the other side of the trade, which a lot of the authors do not consider when making their analysis at all. Any professional trader should not be posting an analysis that goes the complete wrong way without them also mentioning a contingency. If they do this, they are NOT professional traders! If you charted like some do here in a bank, you would be sacked after 1 trade.
Remember guys, trading is not magic nor alchemy. Trading is simply the act of trading what you see, and not what you think. Anyone saying otherwise is already thinking emotionally, and emotions in trading are NOT welcome for legitimate financial success!
Moving on, let's now analyze Bitcoin on a 4 hour chart!
Bitcoin is trading at 7890 after finding support which I outlined in my previous Bitcoin analysis (See related ideas below for details). Based on this being the lower predicted support I am hoping for an up move soon. As it stands, Bitcoin is struggling. The candle behavior over the last 48 hours is showing signs of stress and volatility, and I think Bitcoin is going to have a rough and rainy month ahead.
I am expecting Bitcoin to have a small pop to the upside. I believe it sill pick up some momentum soon and make a move to around 8390 and either have continued momentum to 9150, or hit the 8390 and lose momentum and once again retest horizontal support at 7900 before we get a new opportunity to buy.
Bare in mind if current support fails, there will be a down move to around 6020 before the new up move begins.
After the correction has finished. I will update my views on Bitcoin. As it stands my attitude has changed slightly for bull presence in the short term at least.
I will update this analysis when I receive above 40 likes.
As you all will know, I have been keeping a very close on Bitcoin , and have been posting many analysis in relation to it. If you review my previous Bitcoin analysis (Find analysis in my related ideas) you can see we have perfectly predicted Bitcoins every move within the last few months.
Always remember, a trader who posts an analysis which is biased and goes wrong, is NOT trading properly. A biased sentiment is good, IF you have considered the other side of the trade, which a lot of the authors do not consider when making their analysis at all. Any professional trader should not be posting an analysis that goes the complete wrong way without them also mentioning a contingency. If they do this, they are NOT professional traders! If you charted like some do here in a bank, you would be sacked after 1 trade.
Remember guys, trading is not magic nor alchemy. Trading is simply the act of trading what you see, and not what you think. Anyone saying otherwise is already thinking emotionally, and emotions in trading are NOT welcome for legitimate financial success!
Moving on, let's now analyze Bitcoin on a 4 hour chart!
Bitcoin is trading at 7890 after finding support which I outlined in my previous Bitcoin analysis (See related ideas below for details). Based on this being the lower predicted support I am hoping for an up move soon. As it stands, Bitcoin is struggling. The candle behavior over the last 48 hours is showing signs of stress and volatility, and I think Bitcoin is going to have a rough and rainy month ahead.
I am expecting Bitcoin to have a small pop to the upside. I believe it sill pick up some momentum soon and make a move to around 8390 and either have continued momentum to 9150, or hit the 8390 and lose momentum and once again retest horizontal support at 7900 before we get a new opportunity to buy.
Bare in mind if current support fails, there will be a down move to around 6020 before the new up move begins.
After the correction has finished. I will update my views on Bitcoin. As it stands my attitude has changed slightly for bull presence in the short term at least.
I will update this analysis when I receive above 40 likes.
