I hope the markets have been treating you well and you've been crushing all of your trades.
In today's post, I want to give away a chart that has made me a lot of money dating back to 2016.
I also want to go in to detail on how I use the RSI to determine when to get in and out of Bitcoin by determining...
This is my trade history (about ~6 trades),
I've started on twitter here, but mutch better to using tradingview to tracking the events!
So if you want to learn hedgning and conservative, but very profitable trading techniques, follow me here, on tradingview.
Planning to start a followable trading journal in Sept! Woul be very good for education.
Hi guys! Here I'm posting my analysis on what the price of Bitcoin is going to be in terms of probabilities. So what we have now is a triangle, the edges of which make us think that if the price doesn't break that shape earlier - it'll be naturally moving towards the very apex of the triangle and be leading us to the beginning of October or the end of September at least.
A new moon is on the rise and I am expecting the price to follow (roughly 4 - 5 % increase).
Also noteworthy, Bitcoin has been in a big descending triangle , however I don't expect it to break out one way or another until mid September at the soonest.
So the difficult thing about trading is trying to figure out the timing of your entry and exit. Is price low enough right now? will it go lower? The best thing to do is to learn to interpret the charts. To get the right clue you must find the timeframe and moving average where the battle is happening. In this case, the battle is in the 12H (12-hour timeframe) with...
Expecting more uptrend from here, but safety first, so minimalize risk.
New stop of my LONG: $10.048
(ENTRY of my LONG was 10k yesterday,
Initial STOP of my LONG was $9.850, margin x3)
If we breaking out: it's good.
If we are falling down: closing this long in small profit, and my bit of SHORT since 12k still open to hedging this LONG.
So good profit...
X FORCE CRYPTO ANALYSIS:
We are currently sitting at a critical zone where bulls and bears are fighting. There are clear arguments and evidence for both sides of the argument, but the X Force is leaning towards a more bearish trend. Let's take a closer look.
- We have seen a bullish ascending triangle, with bitcoin...
The 100-day moving average has always been a good indicator of the Bitcoin market. Bull markets are supported by it (highlighted in blue) and bear markets are rejected by it (highlighted in red).
On February 20th we started trading above the 100 day MA. This was certainly one of the catalyzing events that propelled this latest bull run. We are now testing this...
By now most of you are probably aware of the situation surrounding the stock market. With China manipulating their own currency, and trade wars escalating, along with a yield curve close to inverting... a potential recession is not far off. Now you may be asking... What does this have to do with Bitcoin? Well the global markets act as a lava lamp, The lava...
If we have a breakout from the upper side of the wedge - wich is around the $10'200 area - the correction might be over. However, it's important to notice that price must come out in an impulsive manner, showing green bars on the volume. I think that most probably we will see lower levels, following the Elliot count presented in the chart.
The price of Bitcoin surpassed $10,000. For the last couple of days, Bitcoin struggled to overcome this level. However, at the moment the price of Bitcoin is $10,207. There is a chance that Bitcoin will continue its journey to the top.
Bitcoin’s price reduced to less than $10,000 during the past several days. It worth mentioning that Cryptocurrencies play an...
Priceline of leading cryptocurrency Bitcoin / US Dollar has formed a bullish cypher pattern and entered in potential reversal zone.
Price action is getting bouncee from 200 simple moving average support.
Volume profile of complete pattern is showing that traders interest can't be developed at this area.
I have defined targets using Fibonacci sequence as...
We are pushing a months time since we saw the reversal downtrend from the $14,000.00 range. Currently holding around the 10k range, we could see a consolidation round to the bullish trend here soon, but as we continue trading to the downside I will remain out of all positions until clear indication of a rising uptrend!