Without getting into too much detail right now I’ll come and update later on my tp 1.2,3 timetables & updates figures. I’m way too jaded right now to say anything other than:
When in doubt, zoom out !
Stop & 10,044$ though I believe we are on par for a new ATH settlknt slmewhre around 12.2-12.8K I’lleg again will update mich more than this...
Will history repeat itself? In November 2018, the SEC's communications and the uncertainties of the moment brought down the value of BTC by more than 50% before the next Bullish moment. Today the conditions are very different. Let's see what happens. In the case of a possible simulation.
At around 2 a.m. BTC bounced on lowest support triggering my stop losses.
Bought again at 9180 and fixed lower stop losses to allow higher trade margin.
Actual stop loss:
Stop - 9100
Limit - 9080
9240 (First resistance)
9315 (Possible take profit)
9515 (Possible take profit)
9800 (Target profit)
TREND MACRO ANALYSIS ANALYSIS
BTCEUR, The next level and waves of the market on Coinbase.
This is a macro triangle pattern of BTCEUR until today. If bitcoin will go up to more the dynamic resistance (green direction) the operative level of the market for the next days will be in 11.600 and 13.417 Euro.
Otherwise (red directions), if it continues in the bull...
WOOOOAAAH! What a time in crypto. As I have lined out here the bearish wedge played out nicely and what a good time it is to be short. Market sentiment was rather bullish and as expected a correction was due. What kills me is the moon fans that seem to never learn but instead follow their favorite YT personality. The 2 scenarios I saw a lot on here was we are...
BTCUSD monthly view:
From 1 february 2018 it s situated into a huge falling wedge which is a reversal pattern.What means this? When we break this pattern(wedge) we will see upward movements and BTC will be switched from bearish to bullish(We will see some gains in BTC+Altcoins)
At the moment we have more room to drop,is very important to remain above neutral...
I would expect a reversal between Nov 26 and Dec 11 due to a several factors
1. 14 RSI in oversold zone
2. 21 RSI hit a trendline
3. We are approaching Fibonacci time extension next week
4. One year cycle is about to hit December 11, in 2 weeks
5. Current weekly volume is less than during previous major drops - as compared to 5 Feb, 12 Mar and 11 Sep weekly...
Greetings fellow Hodlers of planet Crypton, Hope everyone is having a great day! :)
Lets get right into it...
From the chart you can clearly see how the price of BTC has been retracing ever since the good ol' days when it reached its all-time-high in early Q1 of 2017.
There were several bull and bear periods throughout the year where the price surged then...
I can see BTC in a descending triangle, ABCDE completed, Stoch RSI crazy and people still scared of investing. Also, I can see previous supports now resistances.
If you check my previous post of LTC, I can see it falling, so it’s probable all coins fall.
What do you think?
Don’t trade according to this TA. It’s just an idea. :)
Hello again trading freaks :P
So, after a couple of months dedicating a lot of time drawing and trying to figure out what is going on with #Bitcoin (the big brother), specifically with #BTCEUR and #BTCUSD, now i think i'm ready to share a detailed track. You always need to look back in time to have a clear idea of where are we heading this second half of year....
New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
*There is possibility of temporary retracement to suggested support line (6299.85), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Signal to enter the market occurs when the price comes to...