Anoinvest
Long

Bitcoin is bottom in ? Looks like reversal is coming again (v.3)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hello dear followers,traders and newcomers nor bulls and bears.

In this TA I would like to show you how to trade simple bull/bear divergences with nice history backup as well as share a opinion on
current local bottom because of many factors and indicators

You can see Bear div at the ATH (Indicators going down in overbought area & price going still up)
NOW we can see Bull div near very strong support (Indicators going up in oversold area & price still down)

You don´t have to stick your face to monitor to make a good trades on Daily charts **wink

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ad1 chart
Call of bottom & reversal

result ad1
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ad2 chart
Call of top & reversal on exact candle

result ad2
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Expected bottom 7.5K (Birdie)
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Easy trading setup for 6% profit with R:R 3 (Bull divergence on Daily+ Bull divergence on 1h tf)

Not a financial advice. Trade only on your own risk as your capital is in risk and you & only you have to take responsibility for your decissions. Use this and TA of otherrs as insipartional/confirmation of your bias only.

Cheers
Anoinvest
Comment: Seems like I found the bottom again
Comment: BOOOM :)
Comment: We had perfect catalyst for this. I guess everyone knows about China - blockchain statement and if not (China’s Congress Passes Cryptography Law, Effective Jan. 1, 2020)
Comment: The announcement came one day after Chinese President Xi Jinping called on the country to seize opportunities in blockchain technology.

While China still bans cryptocurrency trading and its national digital currency is not yet hatched, cryptography, as an integral underpinning of blockchain technology, could be key to the country’s push to be more competitive in the blockchain space.
Comment: Keep eye on breakout for both sides. Might be up to kick fomo and correction or straight correction here
Trade active:
Trade active:
Comment: 2H looks bullish
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Comments

BlackM00N BlackM00N
@BlackM00N, Publication 11 - October - Target Wave 5 (Y) is 5600. Thanks
Reply
Nice call.
Reply
What are the indicators?
Reply
Anoinvest lambdabr
@lambdabr, @lambdabr, It is the most commont one. RSI - Relative Strenght Index sir
+1 Reply
Bull or Bear? See here
That's our opinion
Reply
Just a thought...
Reply
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