Bitcoin had a textbook-sample bull node on harmonics 2 days ago. Now the price manifestation is there. BTC was extremely overbought and as I warned you this asset collapsed. Maybe it's a new thing for other, but I was the eyewitness the 2008 crisis, the collapse of silver and miners, and now bitcoin. We took profit in time and since, we nibble only at the lowest points and a small portion only. Please bear in mind: BTC STILL values 7k USD after the collapse meaning in spite of all the misery happened with the blockhain based cripto-currency complex, it's still strong and the industry it represents is still vital. As a trader I will only get in massively, if I see a strong buy signal. As BTC fell out of its secular bull price channel, only short, few days of trades will happen. Now I'm in and will get out at swing-high.
On top of the clear bull node setup on harmonics, I received a buy signal just today on my other system, and a third system is to give a buy signal within 2 trading days. So, I'm in. Again, a moderate position only.
As you can see, BTC is in an enermous triangle consolidation phase (typical shock pattern). It's a kind of negotiation will be used as a foundation of any further development.
If prices will break out and trade above the triangle, then the price we eyewitness now will be an extremely strong basis and we will see prices above. If the outcome is contrary, then BTC will collapse and drop. The best strategy in my view is to stick on my method, seek for a clear buy and then make a short-term trade as long as there won't be a resolution of the triangle setup. The time of that is the cross of the two stems.
Good luck!
'Follow smarts, make money'
Saladenator/Bert
On top of the clear bull node setup on harmonics, I received a buy signal just today on my other system, and a third system is to give a buy signal within 2 trading days. So, I'm in. Again, a moderate position only.
As you can see, BTC is in an enermous triangle consolidation phase (typical shock pattern). It's a kind of negotiation will be used as a foundation of any further development.
If prices will break out and trade above the triangle, then the price we eyewitness now will be an extremely strong basis and we will see prices above. If the outcome is contrary, then BTC will collapse and drop. The best strategy in my view is to stick on my method, seek for a clear buy and then make a short-term trade as long as there won't be a resolution of the triangle setup. The time of that is the cross of the two stems.
Good luck!
'Follow smarts, make money'
Saladenator/Bert
Trader, using patented technology to detect moves of large players (market makers). Part of my techniques work on cryptos as well.
smartvolume.wordpress.com
'Follow smarts, make money'
smartvolume.wordpress.com
'Follow smarts, make money'