portfoliox

Bitcoin at important levels (what to watch and how to trade)

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin is at very important levels. We are almost touching that 200 Moving Average line on a daily chart . First we need to break through that line. It's at 9180 usd at this moment. I messaged about bitcoin bottom at 7300 to my friends. I warned publlicly about selling btc at his top at 11.800.
We broke through the mini down trend channel at 8200 usd. It gave some boost to btc going up. Some news about G20 meeting triggered that boost. A few days ago it looked like bitcoin is gonna have a death cross, MA 200 line crossing with MA 50 line. You can see them on my chart, those 2 blue lines. If they cross in the next days or weeks, it could be a bearish sign for many investors. But btc had his rising momentum in the past days and changed the 50 day moving awerage line a little bit. It still can avoid that death cross if it makes through those important resistance lines on my chart.
There are resistance lines, first resistance, MA 200 line currently at 9180, then after that you can see the lines up to 10.000. If we break through that pink line, currently at 10.000 usd, we will get out of this downtrend channel .

The most important thing is to watch if that death cross will happen in the next days or not. The cross between MA 200 and MA 50 line. If you have any questions, you can message me. Thank you for your support and stay profitable.
Comment:

As i predicted, the first resistance, MA 200 blocked btc, i willl update how it goes
Comment:

Still in down trend.
Comment: https://s3.amazonaws.com/tradingview/sna...

broke out of this mini channel and touched my line at 8600
Comment: if 8600 line becomes new support, there is still some hope for this breakout, it was blocked by MA 50 on a 1 hour chart at 8698
Or not...
Signals for more experienced day traders only
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It just looks like you drew some random arrows, I don't get it.
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@MarkH99, because i deactivated my indicators, find me some trader that was so accurate like me on all of my btc posts
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Acel portfoliox
@portfoliox, hello.
Reply
@Acel, hi Acel
+1 Reply
Acel portfoliox
@portfoliox, i though you asked for that trader who was better than you on BTC.
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@Acel, I followed your posts before you made wrong predictions, maybe you are better trader but your predictions were not always good.
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Acel portfoliox
@portfoliox, times change, people get better. Proof is there, we cant delete ideas. Take your time.
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@Acel, ok i agree, good luck
+1 Reply
Any update on Bitcoin next move?
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