I show the Bullish divergence and hidden bullish divergence signals from the previous bear and bull market. I discover the same situation as present day. Please like if you enjoy this video.
Hey fellow traders. The sell pressure has been mighty intense lately. We had a stop hunt for longs and shorts making this market pretty tough to determine which way it wants to go. Thus, making it hard to base trades off of. Lets take a look at the long term overall perspective of BTC. Looking at the monthly chart, we reached the 13MA. Its common to assume that...
If we go in the band, price goes up!
"The time to buy is when there's blood in the streets." Baron Rothschild
Sometimes the simplest extrapolations are best. No indicators on this chart, this is a pure extrapolation of the 2014-2015 correction and accumulation phase, that has notable similarities with the current fractal in play. Could $6,500 be the new swing low? Absolutely. This would imply an accumulation zone between $6.5-$8.3K for approximately 40 weeks, with the...
Today I go over both the long and short plays for BTC.
Today I go over how the bounce pivot was so effective and the next steps you should take for identifying trend.
Great profit ratio today and a counter position should it fail. Have fun!
Analysis : Price bottoming on a TD Sequential 9 at the 200 MA Entry : $7,620 - A green 3 moving above the green 2 Stop : $7299 - A red 1 moving below the green 2 (-4.2%) Targe t: $8595 - Horizontal resistance (+12.8%) Plan : Tighten stop loss to break-even around $7,900 (100 MA) Risk/reward : 3 This is what the TD Sequential has been like on the 3 Day chart...
this would be killer to those bidding low $6k's lol
Elliot 5WAVE POWER ranking 1W > 3W >5W looking for the 1W candles. they are existing outline of first shoulder very tightly. looking for the 3W candles. they are existing outline of Head but less tight than 1W. we are in 5W and going to low. 5W uptrend very weak. compare with 1W, 3W it is not powerful uptrend. so how about 5W downtrend... I think 5W...
Despite BTC halving taking place in 5 months trend does not look good at all... if BTC closes below 100 MA on a weekly TF it will try to find support at 200 MA around January 2020. If this support does not hold BTC's price, we will see BTC’s last line of defense at 500 MA. This scenario will close a 10 years neat and tidy market cycle conciding with 2nd crash...
Bitcoin has now entered the accumulation phase between the 2 & 4 Year MA's, represented by the 730 & 1460 MA's. As highlighted in green, this investment strategy has historically been the best tie to accumulate BTC for the long-term 4-year cycle, for 2014/2015, as well as 2018/2019. The forecasted extrapolation is merely an example of where the price may...