BTC|USD - Correction is Expected

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Greetings. Please leave a Like if you like the idea

We are near the higher boundary of a local ascsending channel (intepret it as a resistance) and our growth does not seem to be strong. So expect a correction either from current level or from 8000-8100$ horizontal resistance zone if we manage to test the one .

Actions can be taken if there will be a confirmed rejection.

Scenario gets invalidated if we break the horizontal resistance zone (have a close above 8100$)

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Not a Financial Advice


+34 Reply
@GeorgDer3, not that i am his fan but are you better?
fake account; identical to Alex_Clay and Anpu
+29 Reply
Trendymanners igottrades
@igottrades, Yes, I have been thinking that it would be a public service to list the win/loss rates for each "top rated" publisher, so it would become clear just which authors appear to be representatives of the banks/commodity houses/hedge funds - "the whales". It looks like to a third party independent observer that the whales appear to lure people into positions with tight stops and then go into a stop hunt - an expression I have seen many times recently. I have looked at recommendations from certain authors and a few times deliberately waited till the price has gone a little in the direction they state and then before they have a chance to do their stop hunt get in early and do exactly the opposite of their recommendation. As they stop hunt my position goes great. Should you try it? Risky, and you have to do your own evaluation each time - this is not investment advice.
+5 Reply
igottrades Trendymanners
@Trendymanners, what I am more concerned with is all of these "top" accounts clearly are cross-promoting each other's posts with tons of useless comments (upping their interaction count), liking everything the other fake accounts are doing, and they all post 4-8 posts PER DAY. Some accounts are just 5 months old and already have 500-600 posts and 50k+ likes. It's just the same few people creating multiple accounts and circle jerking.

The worst part is all of these accounts are promoting their own TG chats and "premium" chats for a fee. These chat rooms are basically pump-and-dump schemes where lots of these guys get together and front-run all the trades in the chat rooms that they "recommend" to the users in hopes of profit. Websites that do not actively remove this trash from their forums are basically complicit in ignorant investors getting scammed by these bot networks run by a few guys.
+3 Reply
@igottrades, analysis are here to share his own view of the market. Everybody should decide by themself if they are following the author and also following his trading ideas. Everybody use different strategies. But not a single strategy will have 100% accuracy. Some strategies go 30% wrong but are still profitable strategies. So keep that in mind.
@igottrades, Me I am using Supply Demand

So check it out

igottrades DariusFxTrading
@DariusFxTrading, You missed the entire point.
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