Bitcoin is going to touch the big downward trend line again, sice May 2018. First fall after touch was was about 37%, the Second one was bigger, 50% ...
Now the fun is over, the bulls and bears will come together for the BIG fight :)
If the bulls will be strong enough and "win this fight", there is a good confirmation, that the bear trend is over, and bulls will...
A bigger picture of Bitcoin at 1D time frame.
The base was cracked, Bitcoin is in bearish for almost a year, it had hard recoveries and was forced to go down very fast, now seems the support it's doing it's job, but is not a must, there is already a wick in it, next time or after other attempts can drop again till 3.200, and from there...who knows?
If it will go...
XRP hit target earlier with pure precision. At my TP price - Price picked up pending liquidity and sell stops at that level and rejected. Also extra confluence with the .79 FIB level. A reasonable short term trade for XRP Is 0.32231.
Strive for Precision!
Youtube - JTG FX
On the weekly chart you can see a certain picture:
- 200 MA Took all the hit and became a big support in this downtrend
- The shape of the descending triangle almost perfectly played itself, not having worked just a couple of percent, since 200MA stopped the fall almost at the very end of the figure!
- Weekly volumes are falling, which also gives a sign that the...
Sequential 9 indicating the end of the climb, testing resistance at the MA, i think we will eventually cross it but after this short term correction... HODL
People this triangles keeps forming and forming . maybe 4100 or 4200 first to get high lev bears out and then down. again. no signs of this bear market is done yet.
My final destination to this is 2800 or 1800 when i will stop trading and start just buying in cash but not longing just in case.
If you like this check my instagram and twitter for premiums shitpost...
It is likely that Bitcoin has found a low that will last through the end of 2018. There will most likely be another leg down early next year to put in the low of the crypto bear market.
A level of BTCUSD $5650 would confirm an inverted head and shoulders pattern and create a tradeable uptick to BTCUSD $5870 or (much less likely) even as high as $6050.
A move to...
Bullish divergence on the daily R S I and Stoch with a rising positive C M F.
Daily close below previous low close invalidates idea so the stop could be on that signal rather than where I have it marked. Placing SL below previous days low just to be safe though.
Two idea for long trade setup with TP areas:
New entry, TP, and SL
Day trade #7
Hindsight posts for #5 and #6 coming. Was out for a few hours and not able to open those calls by the system. The TP on #4 triggered while I was out.
Long
Daily results thus far: +6R (My actual results of trades I opened today: 0 R because I missed 2 profitable calls while out)
I am testing a strategy and will be posting...
Bitcoin Update 26th July 11:16Est 06:16Est
Bitcoin was a buy on a break above the 8160 line yesterday (though by time comment went live it had already broken
higher, sorry- busy day yesterday all round)
It was also a buy if missed the first break on a return to the 8160 line overnight, with the low being 8163 since then.
But the rally is a little lame so far...
Neo after breaking the down trend had a big push and pull back. It is now sitting right at a daily support level which has been respected previously. A close above this support and BTC behaving could see another push up to retest previous structure. If it closes below or BTC decides to dump then it'll head down to retest a lower level of 4 hr support. Watching...
You can see on the 1hr chart that there is a flag and pennant forming, and based on the martin trendline indicator it's been validated as bullish throughout the formation so i think we will see another spike up of a similar amount or magnitude, ~$300 like the previous jump from 64 to now at 67. You can also see on the volume oscillators spikes supporting the...
