My technical analysis is not about guessing where price is going to be, it seems that way because I consistently tell you where things are headed. Trading and technical analysis are about reading the charts like a book and interpreting events and hidden clues such as popular sentiment to market manipulation and setting buy zones according to this info. I set my three buy zones back in July when they seem extremely unlikely and now 2 out of 3 have hit. The last one is only $1700 dollars away! In plain English what do those buy zones mean? Simple, I am a customer at these 3 price points, and if they hit this is how much I am buying. This style of trading requires a lot of patience and discipline, but this is the only way not to lose money or to be shaken down by your own exchange. I have waited 6 months for those zones to hit., but I'm buying so low that there is no other way than up. Most of you have already bought alts at excellent prices, it is not too late for those that have not. If you buy now, please leave some cash for the $4800 area just in case.
Once we hit the thick white support line at $6485 I will be another 5% in and it will bring me to a total of 60% in, leaving 40% for and if we hit the $4800 - $5000 area. On the 1D chart you can see my style of trading in detail. You can see my buy zones and how much of my working capital I have put in. The odds of us going to my last buy zone are growing, fact: We are closer to my ultimate buy zone than we are to the last high point of 14K, BTC has fallen $7300 from the top and we are only $1700 away from a premium entry point!
Lastly, please remember that we are still under a 50/200MA death cross and this is having a major influence on price.
Follow me and you'll know exactly which coins to buy and when to buy to maximize your profits.
Hitting the "Like" button is like a tip, please don't forget to do so after reading, this is your way of paying me for my time.
NOW, THE LEGEND;
Support trend lines are green
Resistance trend lines are Red
Horizontal support lines are white, the thicker the stronger the support
50 Moving Average is yellow
200 Moving Average is white
THE TREND: Going Down but finding stability
THE OUTLOOK: Beginning to see the end of the downtrend a rally may be coming soon.
Once we hit the thick white support line at $6485 I will be another 5% in and it will bring me to a total of 60% in, leaving 40% for and if we hit the $4800 - $5000 area. On the 1D chart you can see my style of trading in detail. You can see my buy zones and how much of my working capital I have put in. The odds of us going to my last buy zone are growing, fact: We are closer to my ultimate buy zone than we are to the last high point of 14K, BTC has fallen $7300 from the top and we are only $1700 away from a premium entry point!
Lastly, please remember that we are still under a 50/200MA death cross and this is having a major influence on price.
Follow me and you'll know exactly which coins to buy and when to buy to maximize your profits.
Hitting the "Like" button is like a tip, please don't forget to do so after reading, this is your way of paying me for my time.
NOW, THE LEGEND;
Support trend lines are green
Resistance trend lines are Red
Horizontal support lines are white, the thicker the stronger the support
50 Moving Average is yellow
200 Moving Average is white
THE TREND: Going Down but finding stability
THE OUTLOOK: Beginning to see the end of the downtrend a rally may be coming soon.
Comment:
BTC is about to hit a resistance point.
Comment:
BTC faces an obstacle right now.
Comment:
PLEASE HIT LIKE SO WE CAN KEEP THIS POST ON TOP. I WILL KEEP UPDATING.
Comment:
This move up for now was zapped by the 200MA on the 4H (the one we have been tracking.) We'll see how it goes in the next few hours.
www.tradingview.com/chart/0FJOpaqx/