D4rkEnergY is back again with more Love and Wisdom. That is his mission - to spread love and wisdom to the crypto community. Lets jump right into it, and see what is going on, at this very moment!
Here is the XBTUSD 1H Chart
Look at the Bulls, they are big, they are strong and they have been fighting hard. The MACD tells us though, that have taken it easy during...
Want to really see where this ship is headed? At first, I started to doubt if BTC would ever have another bullish run (not really). However, here are just few bullish clues worth mentioning that re-instilled my faith:
1. A ton of accumulation rook place at 6k-6.5k (which pretty much explains all of the boring price action).
2. Very BIG 'whales'...
So these are possible targets. I am currently long. Remember that nothing I post is finanacial advice, this is only my opinion and possibly what I AM doing. I am not suggesting that anyone do what I am doing, or take this as financial advice.
This is how I think this could play out over the next few months on a macro level. Once we get to the red arrows we will either continue into a bullmarket, or break the next fib lvl and attempt a bull run.
Bitcoin went on a stop run to stop out late shorters and fakingly broke through the Span B cloud before rapidly falling back down into our support box.
On all timeframes (4hr pictured) we see that the buying volume in this range is no longer that great so any immediate bounces seem very unlikely. Most timeframes are completely oversold and we might...
Im back here..
i wanna update BTC
i'm only trading in BITMEX.com (www.bitmex.com) i found it usefull because we can Puts Shorts or Longs, depending our estimation...
from last week i made an idea of BTC.. btc changed and doesnt know the way where is going..
I find easy to say it has to go down much more.. but how much? when?...
I originally dismissed this idea a couple days ago. Now I am looking at it again......
Keep in mind that I am new to Elliot Wave analysis.
The 50 Day MA is still declining and now the 5 Day MA is also.
At this time I am not entering any positions.
Bitcoin and alot of the other Coins have turned bullish.
The Bearish H&S has been defeated and invalidated. Note; never marry your position as a trader. Not all trades a profitable you must reognise when previously sound analysis become invalidated.
There is strong confluence across indicators that a bottom has been confirmed. (A&E Bottom, Inv H&S, Bullish...
Buy the DIPS since bitcoin clearly loves to bounce right back and even go higher most of the time.
If your trading bitcoin with margin, always set your stop thankfully I was prepared for a pull-back since I kept moving my stop-loss up to ensure profits were taken. This saved my a$$ big time here, I can tell these spikes are from margin calls. The volatility and...