Let's start with this; Why do I seem to be ok with BTC going down if I do not short BTC? Because after every parabolic move comes a big drop, the bigger the drop the bigger the next parabolic move. The best thing to do is to catch it near or around the bottom. Why is that? Simple, you'll triple or quadruple your money. As you can see it will be highly beneficial...
Bitcoin is resting on pretty strong support for now but as more candles pile up on top of that white horizontal line it will get heavier and break. If we go up it may not be too much higher than the combination of the green trendline and 200MA. All the up moves we have been having will culminate once they hit the 200MA for now. One thing to count on is that you...
For a while, I've been educating traders as I do technical analysis for crypto. I've been doing this for a long time and understand the moving patterns of trading is key to making profits and keeping them. I have been giving out signals when to buy and when to sell based on this knowledge. Not sure how many of you are benefiting (Let me know in the comments...
It is simple but I have to admit that sometimes it's hard to tell. The best thing to do to make it easy on you is to chart BTC in multiple timeframes. Alts can give you the impression that the bottom is in because they begin to creep up while BTC ranges or it moves up slightly. Right now it is clear that BTC (The Supreme Leader of crypto) is on a downtrend still...
Bitcoin was able to post an important up move that generated the first higher high in a small timeframe in a while. Bitcoin still has a long way to go and some obstacles to overcome in multiple timeframes for us to say that we are headed up. Let's go over the battles that BTC must fight. First, A while back on Aug 22, I showed you that when price crosses down...
