In the last Bear on BTC , the table looked like this:
BACKTESTING RESULTS
Buy&Hold 5.59*10=55.9% in less than 3 days with 10X
Net Profit 1390.83 1390.83 0
Gross Profit 1390.83 1390.83 0
Gross Loss 0 0 0
Max Drawdown 0
Buy & Hold Return 5588.13
Sharpe Ratio N/A
Profit Factor N/A N/A N/A
Max Contracts Held 1 1 0
Open PL 0
Commission...
SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Ethereum has recently created a higher low!! Although this may sound like good news for the bull traders, this will be short lived.
If BITFINEX:ETHUSD falls below the 122.00 level, we maybe in for another short move towards the 106.00 level.!!
From my experience stay on the sidelines or short...
BTC is starting to see some very powerful consolidation around the support area and is looking to break the current bear market cycle into huge upside potential.
The fibonnaci extension clearly shows the support and resistance levels that will be tested throughout the bull run that I predict will start at the end of November going into December. Historically...
Recently BTC slipped passed its old support level and had everyone puzzled. Did new sellers enter the market, regulations, speculation etc. It has now found new support at one of the only true supports from the coins history which was in Sept. '17 The old support never really linked back to any hard supports ( you can see from the chart ). I do believe it is still...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
BITCOIN is setting itself up for another southward movement!!
BITFINEX:BTCUSD is down by more than 81% over the past 12 months!!. Bitcoin has been rejected by the 3800 level and If it drops below the 200 MVA, we are looking for another significant drop to the @3200 level, thats another 10% wow!
From my experience...
- Bitcoin failed to break resistance between $4050 - $4150. I was stopped out and redid my chart.
- The chart now shows a range between the lowest and highest point. I believe we will retest the lows around the 200 MA.
- If there is a reversal, I believe it'll be in the form of a Double Bottom and is the strategy I was going to employ if we failed to break.
-...
BTC/USD made a clear triangle patter. At the moment price is very close to the top triangle (large grey line) also we have a smaller triangle patter next to this resistance (smaller grey line). Break through it can indicate bigger correction to the upside. Be awere there is still plenty of strong resistance zones above (dotted lines) .
Analysis
- RSI is healthy
- MACD is healthy
- Volume is good.
- Market Sentiment is bullish but a little skeptical (from what I read in chatrooms and forums)
Bull Scenario
- The Bull Flag on the Daily breaks to the upside thereby validating the large iH&S.
Bear Scenario
- If we break the Lower Highs on the 1hr, and 4hr, check the Daily ($3755), that'll be the...
We´ve seen a nice bullish move on the weekend. Over 300$ upward and everybody is looking to the moon. Breaking the little ascending triangle ist definitely a small bullish signal. The upper line of the triangle is the new little resistance which was tested today and i expect an additional move to the area of 4.260/4.330$.
I have to review my bearish attitude when...
This is an update on my BTC EMA Breakout idea. Things are looking up for BTC with this strong upward movement. If you've been following this idea from 12/17, congrats! This trade is making us 18% so far! It is also far from over I feel.
We broke through the first major resistance levels around $3.9k and our next level is around $4.3k. Any breakout above $4.4k...
BTC is still showing signs of growth as it continues to push upwards. It appears we also just completed a potential wave 1 with a nice bounce off of the .618 fib level. The top of the channel is around 5.1k, so be sure to watch for positive moves into early 2019! There's around 35% profit potential if it completes this channel movement in the near future.
As long as BTC respects the purple trend line established since early July and continues to make LH's over the next couple months we should be able to call that the bottom is in.
We are still trading well below the 100 and 200 day moving averages so it's way too early to say the trend is about to reverse. But what is good to see is some kind of floor being...
Roughly a year ago I came out with an analysis on bitcoin. To the record, It has followed suit fairly well. When I first starting following the Crypto Market it seemed like the only thing I heard was " Invest, Invest, Invest." Unfortunately investments don't and can't climb that fast. Its always important to remember: how Price and Time perform on an axis...
Bitcoin bulls showed up today and the "Falling Wedge" on the Daily has played out.
That said, we have bullish divergence on the 3Day RSI . A retest of the 10 EMA would have us around $3850.
If the volume starts to pick up I can see us retesting $4k.
Until then, keep eyes on since short positions are still near ATH's.
