hey guys welcome once again to a fresh update of Bitcoin XBT...
yeah yeah... i know i know... what you gonna say, come on husain you're absolutely wrong in your previous analysis, so how you could be sure this time
and my answer to all is, that's the beauty of technical analysis and when you mix it with a proper money management strategy you're truly invincible.
remember guys technical analysis is not about surety and certainty, its all about probability, you're always allowed to make mistakes, no one has a crystal ball where you say hocus pocus and it will show you future. you need to be always prepared for the other side and here comes your management in action.
remember its not the good trader, its always a good manager who wins in the end.
technical analysts are like gem finders, who jumps everyday in river, sometimes he find it and sometimes he don't, obviously coz he's also nopt sure what's gonna happen next.
alright enough lecture for now, lets jump to the chart
so what we get in above chart is that bulls are protecting the prices in that green zone which is also a major support level previously in may, if we get any upside movement from here most likely prices could follow this channel formation. in this condition the first likely resistance could be 7800-7950 but incase if we continued to move higher than probably the upper trend line will act as a major resistance between 8800-9100.
but let me clear this that am not getting bullish on bitcoin for astronomical targets this are just my short term views, my long term predictions are still damn bearish, you can check my previous prediction.
the green zone you see is a major support level bulls still holding and fighting to get back control
have a closer look at this daily chart and see what happened in may, we see huge drop in prices and a full candle close below the green zone, but didn't see another candle, almost similar situation is happening right. am bit bullish unless we make another full candle closing below the green zone, if prices don't get the strength to close above 7470, than that's it am out from my longs for sure than we're surely heading towards lower targets.
here's a classic example of class A bullish divergence, where oscillators are making higher highs along with prices making lower lows.
alright guys, that's all for now hope this idea will help you to make profits, dont forget to hit like and support us so we keep bringing awesome new trading ideas for you, follow us for more future updates, and do comment your opinion, we appreciate your response:)
and to join our premium contact me on telegram
refine your trading and turn your losses in huge profits...
This is Husain Zabir signing out
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yeah yeah... i know i know... what you gonna say, come on husain you're absolutely wrong in your previous analysis, so how you could be sure this time
and my answer to all is, that's the beauty of technical analysis and when you mix it with a proper money management strategy you're truly invincible.
remember guys technical analysis is not about surety and certainty, its all about probability, you're always allowed to make mistakes, no one has a crystal ball where you say hocus pocus and it will show you future. you need to be always prepared for the other side and here comes your management in action.
remember its not the good trader, its always a good manager who wins in the end.
technical analysts are like gem finders, who jumps everyday in river, sometimes he find it and sometimes he don't, obviously coz he's also nopt sure what's gonna happen next.
alright enough lecture for now, lets jump to the chart
so what we get in above chart is that bulls are protecting the prices in that green zone which is also a major support level previously in may, if we get any upside movement from here most likely prices could follow this channel formation. in this condition the first likely resistance could be 7800-7950 but incase if we continued to move higher than probably the upper trend line will act as a major resistance between 8800-9100.
but let me clear this that am not getting bullish on bitcoin for astronomical targets this are just my short term views, my long term predictions are still damn bearish, you can check my previous prediction.
alright guys, that's all for now hope this idea will help you to make profits, dont forget to hit like and support us so we keep bringing awesome new trading ideas for you, follow us for more future updates, and do comment your opinion, we appreciate your response:)
and to join our premium contact me on telegram
refine your trading and turn your losses in huge profits...
This is Husain Zabir signing out
Ad DueDEX: The fastest crypto futures trading exchange, up to $110 free trading bonus plus $100 extra on first deposit of 0.2 btc
Join now : http://bit.ly/JoinDueDEXClub
Trade active:
my custom indicator reserved for my premium members has just nailed it, got the perfect timing for long as well as short entries, look how exactly it moved from green to blue zone indicating for a bullish move, just opposite to this when it moves from red to pink zone we get a bearish signal, to take benefits of my custom indicator join our premium membership contact me on telegram:)
