Bitcoin’ RSI indicator has hit its lowest level since 2015.
Bitcoin’ is also oversold on the weekly time frame, this is a very strong signal.
You can see support levels on the chart, these are relevant now.
Lots of good can develop from here, it is good to have this drop. Bitcoin’ stalled since February, this is surely going to bring some action into the market. Action, is what we want.
TIME TO BUY BITCOIN’
Thanks a lot for reading.
Namaste. P.S. This is no trade advice.
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Divergence building up already... TIME TO BUY:
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These are just signals. They do not mean that the price will move up or down, but they can help you determine what might come next... It is still for the market to decide.
We see divergence on the RSI.. ?? Yes. It is there.
We are oversold... Yes, easy to spot!
Will the price go up? Please allow time for the chart to develop.
Support (green lines). Resistance (EMA lines - magenta, blue, yellow).
- If support holds, price consolidate and tries the next resistance (up). - If support breaks, we test next support (down). - This same process repeats up and down... down and up.
Pretty easy... Enjoy your day.
Namaste.
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Take a look at our altcoins trades, some are starting to detach completely from Bitcoin, this is an interesting and positive development for the altcoins:
XRPBTC
BTGBTC
XLMBTC
XSTBTC
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We are almost there:
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And we are bouncing now with good volume:
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The Bitcoin is on the lower end of the Bollinger Bands both on the daily and weekly time frames, this points to a coming bounce:
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"BREAKING: In a new notice, ICE Futures U.S., Inc. says it will list the Bakkt Bitcoin (USD) Daily Futures Contract on January 24 of next year. (link: ow.ly/u9Vy30mGMqP) ow.ly/u9Vy30mGMqP "
Since January you say "it's time to buy Bitcoin" and your reasons are either breakout, RSI oversold or RSI turning bullish. It is also funny how you call 5120, 4600 and 4100 as supports. I thought it was time to buy, why do you say that you should pay attention to these areas? Everyone here realizes that you have no idea what you are doing. That is embarrassing.
MrRenev
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@Counter, Cringe.
"Ok RSI managed to go above 60 very bullish go long!" "RSI below 30 oversold go long!" "Buy the breakout!" "Buy the dip!"
We should make a video of this in accelerated :p
cahmbois
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@Counter, hahahah its time to buy, its time to buy shit
LuisBF
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@Counter, Yes, the guy has no fucking clue, but I personally come here to see his "trades" from time to time just to have a good laugh. Its very funny
villaribo
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alanmasters: "TIME TO BUY BITCOIN! TIME TO BUY BITCOIN!
p.s. this is not trade advice"
Nice strategy, man. If Bitcoin goes up, you can say you gave this advice to buy the dip. If not, then this is small caption "this is not trade advice". I've been following you for a few months. And the only calls you made are bullish. And we've been falling down all the time while you call to the moon. But this is obviously not trade advice, right? And when we go up, then it's your suggestion. Nice, nice.
I remember how you commented on Magicpoop idea a few months ago. You made a sarcastic comment that magicpoop is permabear and if he neutral or bullish it's time to sell. It was very unprofessional behaviour.
It's funny because you are actually permabull and you fail almost every call. Because we are on the bear market. And you know who is right? Not you. But Magicpoop. Oh, wait, you don't suggest anything. You just read charts (TIME TO BUY BITCOIN!... oh wait).
p.s. I am sorry if it sounds too offensive. The only reason I made this comment because of your strange unprofessional comment to magicpoop. Meantime, karma is here. He made much more correct calls than you. I always forget, you don't make calls... BUY BITCOIN... not advice!
TheDudeForex
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How can he still have money left?
Zenter
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@TheDudeForex, hahaha that is so true man. Sorry but Alan says time to buy since 10 months and when I invest every month, next month it went to 1/2 of its price. Hope this is the real time to buy but no money left in my pockets as you said :)
Behrouzzz
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You are the WRONG MASTERs
I bet you have no money anymore
AlanSantana
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@k0tkin, Reading the charts. Thanks a lot for the support.
Can you see the divergence? It is just a signal.
We are looking at it.
Support levels on chart.
Trade at your own risk.
Namaste.
nozo80
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@alanmasters, joining others - honestly, I am not sure either why you are doing this since the 2018 started...
"TIME TO BUY BITCOIN" - what part of such bold statements do you consider as "signals", "reading the charts"? To me it is at least a strong implication to take action based on a very biased picture.
Yes, you wrote that this was not a trading advice. And YESSSS, trading should be everyone's own responsible action and decision.
After 10 months of DOWNTREND, IT IS HIGH TIME TO BE AT LEAST A BIT BALANCED in your analysis. YES, this is an ADVICE this time :).
Of course it's up to you & your followers to decide what you write and what they consume.
Anyways, all the best and good luck trading everyone.