ChartsOnTime
Short

BTC UPDATE ON THE MONTHLY

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BITFINEX:BTCUSD

As many of you know, I havent been charting as often because nothing new really has happened with btc . We are still falling. I am not looking at a longer term due to MA resistances in the monthly that has kept suppressing BTC price and I know we will see more lower prices. The question always remains, how low?

At this point I am still targeting 4.1K with a longer term of 2.8-3.1k price range. I am hopeful for BTC to bounce off the 55MA for some bulls market however it is a little early to say since ichi cloud is dangerously flattening. It is not a good sign people. Trade with caution .
Comment: Correction "I am now looking at a longer term due to MA resistances"
Comment: Daily went bullish, so I am looking for a lower 8k price range in the next week. Weekly still bearish but I will trade on the daily. I am hopeful to enter around 6550 and just trade for a few days at the time. Good luck
Comment: Well weekly is second crossing. Monthly ichi crossed. I think it’s time to trade. Liquidation above 81 will be nice. Happy trading. https://www.tradingview.com/chart/
Comment: The link above is the wrong link.

Comment: I realize I didnt post the weekly chart. This is just to show the MA cross and what could be the result of it. My target still 4100 for then a possible 28-31 range in the longer term. Monthly should push us that low im confident. Enjoy and trade with caution.
Comment: This is an old chart and still holding ok.
Comment: I wonder who was longing. TP time is the most enjoyable one. Happy trading.
Comment: I was hoping to get a 5k price or little under for a hard bounce but at this time not sure if this is it. Although the price has substantially dropped, the 8.1k possibility in the weekly charts has not been erased yet. This is getting interesting and I am getting excited. Will start looking for a long entry for next month and I hope I can catch a higher 4Ks and ride it to lower 7Ks. I expect a green december for liquidity. Happy trading.

You know the drill, your money your choices, this isnt an advice to trade but an idea to share.
Comment: As of today, we have a new low and a lower high. Support in the daily has been created at $3550 and first target for the bounce is 6450$. Trade with caution.
Comment: Just to share my private studies.
Comment:
Comment: This is not looking good at all. New lower target painted. 2800$ Trade with caution
Comment: I will be back when the monthly gives some signs of hope. See you at 220$ btc in 2020. No need to go through this crap. Good luck.
Comment: Follow up to previous comment. I dont see btc with much hope. If those crosses happen there is no way we will stay above 1k. As usual my predictions are for long term and we will see if time proves me a liar. So far all my chart have hit prices. I already have my buy orders ser at 220$. Trade with caution.
Comment: first cross happened. I am still long due to the daily push but im bearish longer term
Comment: Keeping my 220$ Target. See you in december. 2019
Comment: Finally something to post about. I’m entering shorts soon. I like this opportunities.
Comment: As price has come to hit some targets, I am looking into the opportunity to sell. I will put TA vs FA to the test once again. Happy trading.

Comments

so based on the " im confident" line of yours, i randomly checked 5 ideas of yours and the success rate was 0%. not a singal good call.
so maybe you should not be this " confident" at least if you believe history repeats itself :D.
+4 Reply
@MikeMoh, well my bank account disagrees with your statement. As I always say, time is a beautiful time. Shorted took profits. I’m long now will take profits again and short again. But I don’t have to post a chart every hour. Good luck and make a lot of money. :). And yes I am confident. I already have my orders set at 3100 so I don’t have to miss it.
+1 Reply
arandon ChartsOnTime
@ChartsOnTime, so, how much do you have in your bank account? :)
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@arandon, let’s just say I had enough to leave bitmex and open a Bitfinex. I started in crypto November 201 with 1200$ it was worth .1 btc lol. On a different note, Honestly seems like all platforms are scams. I am now worried about Bitfinex not accepting usd transactions.
We will see how it ends.
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@arandon, 2017. November 2017
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@MikeMoh, got sweaty ass or still dry? hahaha I’m still confident. Just not impatient. Good luck.
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@MikeMoh, you went quiet hahaha. Did I wiped your bank account?
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MikeMoh ChartsOnTime
@ChartsOnTime, so you think i am a moon boy hodling btc from 19k just because i laughed at you saying " im confident" while you 90% of your calls were wrong ?



BTC broke a mjaor support line which has always been my long entry area. made a good money buying btc every time it mingled around the lower 6k area with a stop lose of a close below the 5800$ , which did hit my SL only once after a succesful 4 nice bounces when people like you were calling 2-3k , i rode every single bounce and I win overall, most good traders longed btc at that support line and made profit , what did you do ? keep calling 2-3k, you are nothing better than the moon boys holding and waiting for 19k again. the market will not go straight to 2k neither 20k,the smart once know that and make use of it. in the long run I do think 3k is very possible but that does not mean I wont take a long position at 4800-5200 just to scalp a correction. i chose my entries with at least 1:3 SL to TP ratio so all i need is 1 good call against 3 bad once to stay at break even. I am doing pretty fine simply because I do not get married to one 1 direction, i called 20k when we had a false break out of the descending triangle, as any one who knows TA would, but it turns to be a false one, and i changed my call imiedietly and started calling 5500$, i change my mind as the market does, you wanna sit there and keep waiting for 2k be my guest. you and the moon boys can keep calling those figures while the rest of us make money trading both ups and downs.
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@MikeMoh, not gonna read your excuse. Most mouthy people in TradingView have 100$ accounts. Comments are clear. Here is your logical chart hahha. Thanks for your money though. I like it.
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MikeMoh ChartsOnTime
@ChartsOnTime, How dumb can you be? That chart of mine u posted is a wining trade. Bought at bottom of the triangle sold near the top ( its mentioned there). I do not expect a noob like you to understand. you are the mouthful one here. I dropped a comment laughing at you and went on with my life, you tagged me twice and tagged everyone who commented on your post. Very clear you aint got much to do and pretty much no money to trade. I understand how happy you are since this is the first trade that seems to be working for u. I had the same feeling years ago with my first usd/jpy trade so i understand. We are all glad you finally made a semi-working call. :D
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