Hey everyone, here's our daily BTC TA!
Like I predicted days ago we broke the 7200 level and bounced at 6600. We failed to break the 6600 level but that was to be expected. Now we might see a small and very short up movement only to resume our descending trend. Don't get fooled by the market if its in the greens in the upcoming days. It shouldn't last. Our next Shorting target is att 5600. If we break 6600 then we should be heading there quite fast.
Who's Becky? What's her background? I am a crypto enthusiast and have been since early 2015. I have already made millions in the crypto world and am financially set for the rest of my life. I recently decided to start helping other people get rich. I like helping people, it makes me feel good. What can I say? I LOVE feeling good ;) . Let's share the journey together! Follow me on Tradingview/Telegram <3
Like I predicted days ago we broke the 7200 level and bounced at 6600. We failed to break the 6600 level but that was to be expected. Now we might see a small and very short up movement only to resume our descending trend. Don't get fooled by the market if its in the greens in the upcoming days. It shouldn't last. Our next Shorting target is att 5600. If we break 6600 then we should be heading there quite fast.
Who's Becky? What's her background? I am a crypto enthusiast and have been since early 2015. I have already made millions in the crypto world and am financially set for the rest of my life. I recently decided to start helping other people get rich. I like helping people, it makes me feel good. What can I say? I LOVE feeling good ;) . Let's share the journey together! Follow me on Tradingview/Telegram <3
Trade active:
We are now looking at a new channel (purple lines) as a trend indicator. We may be seeing a whole bunch of nothing (low volume/volatility) in that channel for a little bit. The general market as a whole and Bitcoin TA wise still indicates a downtrend, there is no reason for a reversal(going bullish) right now. For that reason I am still expecting BTC to drop. But we need a confirmation before we decide to short. Once the price breaks past 6500 then it SHOULD be heading down to 5800 at the very least. Right now the channel between 7100 and 6500 is a gamble. With how unstable Bitcoin is, especially with such low volume (meaning if the big boys decide to make a move they're moving against very little resitance) I am NOT going to take that gamble. As of right now I'm opening shorts if we reach sub 6500 and not a dollar higher!
Trade active:
We failed to break the lowest point of the move from April(Pink line). But we touched it. The next hours will be crucial. New York is closing right now. The next 3 hours SHOULD and I repeat SHOULD be low volume(due to no market center opened), we might be seeing a bit of a counter trend movement. 7:00 PM (EST (3hours from now)) is when Tokyo is opening. Historically speaking Bitcoin crashes usually happen during Tokyo time so buckle up your seat belt because we may be seeing a pretty quick 700points drop! Again I wouldnt go Short if we're not below 6.5k (6430 to be extra safe).
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Tokyo is opening in 1 hour, don't miss it. It could go fast! Again no guarantees here, just educated odds!
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Alright Tokyo didn't take the lead, but if we're looking at the volume in the last few hours we can see how low it is meaning that Tokyo probably didnt make a move yet, they could be holding on and waiting to make that move close from their closing hours. Also if we look at a smaller time frame, we can see yet another bear flag. And as we all know a bear flag during a bearish market is even more likely to happen!
Are we still heading down? YES in my opinion. But when is a whole new question!
Are we still heading down? YES in my opinion. But when is a whole new question!
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Please make sure to follow me if you want to be updated on BTC guys! Love you all and I am off to bed, see you all tomorrow ;)
Trade active:
Here's my trade call. it's about a a 3:1 which is what we're looking for usually speaking. This call can be leveraged, since its a small movement I would advise between 2x and 7x (the bigger your leverage the smaller in wallet percentage your trade should be).
NOTE that there is somewhat of a falling wedge forming up right now but I'm simply not buying it. This is why we have stop losses for. To protect ourselves in case we're wrong!
NOTE that there is somewhat of a falling wedge forming up right now but I'm simply not buying it. This is why we have stop losses for. To protect ourselves in case we're wrong!
Trade active:
Take Profit 1 reached. Move your stoploss to 6510. We are now officially protected. Pure profit from this point. Congrats everyone :D
