cryptoGats
Long

Bitcoin - Are you understanding and making money?

BINANCE:BTCUSDT   Bitcoin / TetherUS
For a while, I've been educating traders as I do technical analysis for crypto. I've been doing this for a long time and understand the moving patterns of trading is key to making profits and keeping them. I have been giving out signals when to buy and when to sell based on this knowledge. Not sure how many of you are benefiting (Let me know in the comments section below) but in the long run if you follow me you also will understand TA and the rythm of the computers (Algos) that control the price, which ironically are programmed based on human nature.

So what is likely to happen with Bitcoin -- which controls everything? You always have to look back at previous behavior to get an idea of how things may play out in the future. On this timeframe (the 12H) we're starting to go under and stay under the 200MA for a while now, when that happens we are likely to force a death cross (when the 50MA crosses under the 200MA) on the 1D timeframe -- which is when price goes down even more aggressively. Once the death cross happens Bitcoin price will go under for a while. Take a look at what BTC behaves like once it starts crossing down the 200MA on the 12H.

As of right now BTC is more than likely trying to get back to the 200MA on the 1D timeframe. In order to start going back up we need to find a key physiological buy point -- which are marked with green X's on my charts.


THE TREND: Going down still.
THE OUTLOOK: Unsafe to buy BTC but safe to buy top 10 marketcap alts.

Be safe and follow me to make money and stay ahead of the curve.

BE SAFE AND FOLLOW ME TO BECOME PROFITABLE AND STAY AHEAD OF THE CURVE.
Hi, sorry for this basic question but how do you activate 12h time frame in tradingview?
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temp downfall, prices will come back up. Check out what the Fed did to the stock market earlier this week. Bitcoin was built for this sort of situation.
+1 Reply
cryptoGats Trading_knight
@Trading_knight,
Correct.
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venturetrade Trading_knight
@Trading_knight, Actually the fed is losing control of the fed funds rate and risk is up. Bitcoin is still viewed as a risky asset. Investors have been buying everything of late: stocks, bonds, cryptos which tells you that they have no clue what will happen next. But BTC is not viewed as safe heaven asset like Gold which of course is up due to fed's actions.
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A short educational video, including a road map, and what are the options in front of us...

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Good setup! We think the scenario is rather bearish. Bitcoin is completing a descending triangle that could break, most likely, downwards after it is completed. Here is our analysis:

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I'm still bearish until a strong bullish candle cross above the downward trendline

Here's my analysis:
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Derammie Derammie
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200 moving average on 12h is BS
+4 Reply
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