Hello Friends,
I know what your thinking, What? did you not just post a recent BTC/USDT chart? Why another one so soon. Well I know it is frustrating for you and myself but regardless we are in wave 5 and did break the danger zone and are headed to completion of this wave 5 (if it hasn't happened already), just as we are headed towards a correction, it is known as the ABC pattern that follows Wave 5.
The reason I am revising this chart is mainly to alter my ABC prediction because I come across new information regarding the current status of BTC. This new information can be found by looking at the charts that have the most data on the history of BTC. I have found this here.
My Motivations
My desire is not to mislead anybody but try to help make sense of where we are currently and try my best to predict where we are going. I surely don't want anybody to be burned like most of us were during the bear market.
I really enjoy sharing my charts with my followers or anybody else who cares to look. When I first heard about cryptocurrencies, I was trying to restart my life. I was living off of a student loans and going to school for the years 2010 and 2011. I just finished getting my welding ticket in 2010 and wanted to further my employability by taking the Boilermaker course (rigger/fitter) at BCIT. In my off time between studies I enjoyed watching movies via Pirate Bay. During that time I had begun to notice that Pirate Bay was asking for donations for BTC. I didn't know what that was and thought that was just something else I should probably research-given the new era we were in. I really appreciated the peer to peer services Pirate Bay provided free of charge and I really wanted to donate BTC if I could.
So 2011 I started to research it and got a clue about what it was. To me it was electronic money and I liked the idea. However I had a hard time finding out where to buy it. I found a site and they were wanting me to use Paypal. So I opened the account and put in a few hundred dollars to buy BTC. I was going to donate about 20 bucks worth and keep some for myself-incase I needed it for something. For some reason or other I got frustrated in the transaction part of it and walked away from it. I thought I would look into this later. Unfortunately later never came and looking back I see I could of bought 200 to 400 BTC for 200 bucks. Translated, they would have sold at BTCs peek for 4 to 8 million dollars. So I messed up and missed out!
I never returned to cryptos until I heard about LTC and bought some through Coinbase in Oct 2017 at 50 bucks a coin. I was making money and wanted to make more. Then I descouverd there was a shit load of cryptos beyond ETH, BTC and LTC. I joined a few exchanges got burned with cryptopia trades and eventually found Binance.
I joined Binance and bought the cheapest crypto I could find. That was going to be Tron. Trx mooned and I 10x my investment. Since then I got crypto fever and discovered ICO's (1 year late). However I kept trading on Binance and had no clue how to read charts. I wasn't interested anyways. However the bear market came as a shock and it paid for my desire to learn how to read charts. I was determined to win and determined because I still believed in the idea of a cashless society and more importantly, the possibility in making enough money that I could retire, buy a house and leave something behind for my children.
To me it was a crucial time to learn how to read the charts and because I knew that I (we) was in this before anybody else. When institutions, government, banks, businesses and entire countries get into this. Then the moon is going to be where will be "for those who got in early" I also know that when everybody knows about it, it will be too late to make any real money in this market.
So I only hope for the best to all my followers and viewers and I aim to try my best to learn and grow from my mistakes and do better at producing top notch TA.
What It Takes
Doing TA is time consuming and it is very easy to make mistakes because the market has a mind of its own. The best we can do is back test, be aware of current events within the news, which could impact BTC and then we would use that information to look at what kind of TA styles best fits the pattern seen within the shape of the candles as presented on the charts.
In addition we would use indicators, oscillators, volume, shorts/longs and timeframes to help us make decisions. We would also use moving averages and look for confirmations within candles that will give the signal to buy or sell. So yah, there is a lot of steps involved in making a proper TA. We could also run into problems with whales, bears etc. and there is no TA for that because this comes without warning. Like I have always said, "Crypto Currencies are risky, do your own homework, do not enter a trade on my TA alone, not financial advice and never invest what you can't afford to lose".
Details on the chart.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
Cryptocurrency is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so when making any kind of investment.
If you find this information helpful, then please hit the like button. Your support is appreciated. Thank you!
CYA on the next one...until then, the trend is your friend. Buying on the dip and selling on the hype.
Cheers!
I know what your thinking, What? did you not just post a recent BTC/USDT chart? Why another one so soon. Well I know it is frustrating for you and myself but regardless we are in wave 5 and did break the danger zone and are headed to completion of this wave 5 (if it hasn't happened already), just as we are headed towards a correction, it is known as the ABC pattern that follows Wave 5.
The reason I am revising this chart is mainly to alter my ABC prediction because I come across new information regarding the current status of BTC. This new information can be found by looking at the charts that have the most data on the history of BTC. I have found this here.
My Motivations
My desire is not to mislead anybody but try to help make sense of where we are currently and try my best to predict where we are going. I surely don't want anybody to be burned like most of us were during the bear market.
I really enjoy sharing my charts with my followers or anybody else who cares to look. When I first heard about cryptocurrencies, I was trying to restart my life. I was living off of a student loans and going to school for the years 2010 and 2011. I just finished getting my welding ticket in 2010 and wanted to further my employability by taking the Boilermaker course (rigger/fitter) at BCIT. In my off time between studies I enjoyed watching movies via Pirate Bay. During that time I had begun to notice that Pirate Bay was asking for donations for BTC. I didn't know what that was and thought that was just something else I should probably research-given the new era we were in. I really appreciated the peer to peer services Pirate Bay provided free of charge and I really wanted to donate BTC if I could.
So 2011 I started to research it and got a clue about what it was. To me it was electronic money and I liked the idea. However I had a hard time finding out where to buy it. I found a site and they were wanting me to use Paypal. So I opened the account and put in a few hundred dollars to buy BTC. I was going to donate about 20 bucks worth and keep some for myself-incase I needed it for something. For some reason or other I got frustrated in the transaction part of it and walked away from it. I thought I would look into this later. Unfortunately later never came and looking back I see I could of bought 200 to 400 BTC for 200 bucks. Translated, they would have sold at BTCs peek for 4 to 8 million dollars. So I messed up and missed out!
I never returned to cryptos until I heard about LTC and bought some through Coinbase in Oct 2017 at 50 bucks a coin. I was making money and wanted to make more. Then I descouverd there was a shit load of cryptos beyond ETH, BTC and LTC. I joined a few exchanges got burned with cryptopia trades and eventually found Binance.
I joined Binance and bought the cheapest crypto I could find. That was going to be Tron. Trx mooned and I 10x my investment. Since then I got crypto fever and discovered ICO's (1 year late). However I kept trading on Binance and had no clue how to read charts. I wasn't interested anyways. However the bear market came as a shock and it paid for my desire to learn how to read charts. I was determined to win and determined because I still believed in the idea of a cashless society and more importantly, the possibility in making enough money that I could retire, buy a house and leave something behind for my children.
To me it was a crucial time to learn how to read the charts and because I knew that I (we) was in this before anybody else. When institutions, government, banks, businesses and entire countries get into this. Then the moon is going to be where will be "for those who got in early" I also know that when everybody knows about it, it will be too late to make any real money in this market.
So I only hope for the best to all my followers and viewers and I aim to try my best to learn and grow from my mistakes and do better at producing top notch TA.
What It Takes
Doing TA is time consuming and it is very easy to make mistakes because the market has a mind of its own. The best we can do is back test, be aware of current events within the news, which could impact BTC and then we would use that information to look at what kind of TA styles best fits the pattern seen within the shape of the candles as presented on the charts.
In addition we would use indicators, oscillators, volume, shorts/longs and timeframes to help us make decisions. We would also use moving averages and look for confirmations within candles that will give the signal to buy or sell. So yah, there is a lot of steps involved in making a proper TA. We could also run into problems with whales, bears etc. and there is no TA for that because this comes without warning. Like I have always said, "Crypto Currencies are risky, do your own homework, do not enter a trade on my TA alone, not financial advice and never invest what you can't afford to lose".
Details on the chart.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
Cryptocurrency is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so when making any kind of investment.
If you find this information helpful, then please hit the like button. Your support is appreciated. Thank you!
CYA on the next one...until then, the trend is your friend. Buying on the dip and selling on the hype.
Cheers!
Trade active:
I see a big shift in Longs VS Shorts. The percentage is 54% short and 46% Long. This means that when 60% short that is the time to buy. Also means the sell off isn't finished. Wait for the buy signal here.
datamish.com/d/...00000004/btcusd?refresh=20...
datamish.com/d/...00000004/btcusd?refresh=20...