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Options360
Nov 11, 2022 11:27 PM

Bitcoin Fib sma's help find the bottom 

Bitcoin / U.S. dollarBitstamp

Description

Here's BTC/USD Fibonacci simple moving average levels on the 2 week chart:

FibSMA233 = $11,706
FibSMA144 = $18,610
FibSMA89 = $26,110
FibSMA55 = $36,567
FibSMA34 = $36,582
FibSMA21 = $27,045

Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...

*3x lucky 7s of trading*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet

7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
tradingview.com/u/growerik/

Comment

Perfectly formed bear pennant:

Comment

Timing for Bitcoin 12K - 14K may actually line up on black Friday 11/25/2022.

Comment

Comment

Current levels on BTC 1 day chart:
SMA7 Triangular Trend Channel
FibSMAs

Comment

BTC/USDT 4hr chart levels:
piRSI is overbought & OBV is still inverted

Comment

BTC/USDT 1 day chart levels:
piRSI is oversold & OBV channel is still inverted

Comment

Bitcoin 1 week dca double ratio limit buy example idea:
1x 16,750
2x 16,500
4x 16,250
8x 16,000
16x 15,750
32x 15,500
64x 15,250
Comments
dependable412
my thoughts exactly Black Friday is the day
Options360
@ArtfulDodger1974, Happy Thanksgiving. Wishing you, family and friends a blessed day. Yea well there's only 3 possibilities, up, down or sideways, lol. Probabilities of projected price action are based on a multitude of relevant factors, including but not limited your 1 valid point. Peace.
Options360
@dependable412 thanks for dropping by. Happy Thanksgiving.
Options360
@ArtfulDodger1974, that would take MicroStrategy 130,000 bitcoins with the average purchase price of $30,623 being liquidated in a black swan event. lol
Options360
@ArtfulDodger1974, yeah well as far as technicals are going bear pennant likely to continuation of down trend price action.
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