ZenAndTheArtOfTrading

3/3/2018 Bitcoin Analysis - Potential Trend Reversal?

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
This is my private Bitcoin 1.92% market analysis that I usually only share with my trader friends.

The labels on the chart are pretty self-explanatory but if you are unsure of what the indicators mean then please click here to read my original analysis and write-up:


Basically my sentiment hasn't changed at all and things are panning out pretty much as expected. We are now approaching a major danger zone (resistance / supply / retail trader panic selling area) so watch out if you're buying this beast at these prices. This is the moment we've all been waiting for. Which way it will go nobody knows, but this is where the initial battle for Bitcoin's overall trend direction will go down. I've got my beer and popcorn ready.

Personally I'm expecting a full-on trend reversal any week now, but anything can happen so I'm still watching with skepticism. A failure to breakout at this level could give latecomers and accumulators another buying opportunity down at 9k-10k. Either way, there are plenty of opportunities are coming if you know how to take advantage of them! Stay focused, stay disciplined, stick to your plan and you'll do well.

Peace -
MJS.
Comment:

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