JohnHazbolatow
Long

BTC currently on a uptrend

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hello, this is my analysis for bitcoin            
I believer we're going to test resistance at 8.9k
I've also marked a buy zone
good luck trading

Target : 8900
Buy zone : 8350

This is just an idea, no financial advice :D
Comment:
Our buy zone has been reached =D
Comment: RSI Bounce
Comment:

55EMA Says, Hold your f*king horses. we're going up
RSI Says, yaaay I wanna go up
I say, fasten your seatbelts, because wave 3 is gonna be one hell of a ride.
Happy trading!! :)
Comment:

Hold up guys, there is a war going on but from what I'm seeing it leaning slightly in our favour :)

We broke RSI resistance on 5min
Comment:
Volume looking pretty good.
I think we can say that we're on our way to our target.
Bounce on RSI
Reply
Why would u place your buy zone under the 50 day moving average , and an average that it hasn't had success in breaking? Shouldn't u place it right above it ? Doesn't sound like a good strategy
Reply
@Fida4u, My buy zone is above the 55 EMA, look at 3 and 5min chart and see how my buy zone perfectly confluences with the 55EMA, .8830fib level and my Elliot wave count. I'm still a rookie tho, so maybe I didn't understand your question entirely, please let me know what you think and I thank you for your feedback.
Reply
JohnHazbolatow JohnHazbolatow
@JohnHazbolatow, here it is ;)
Reply
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