I hope the markets have been treating you well and you've been crushing all of your trades.
In today's post, I want to give away a chart that has made me a lot of money dating back to 2016.
I also want to go in to detail on how I use the RSI to determine when to get in and out of Bitcoin by determining...
Bitcoin (BTCUSD) continues printing higher lows since it hit ~$9,450 on the 15th of August.
The first peak was hit at $10,955 on the 19th of August. The retrace resulted in a higher low and there is the potential for a move up from current levels.
Now, Bitcoin can easily move lower here as well since we are looking at bearish indicators and its price moving...
Hello dear crypto friends, hope you're doing well! ;) Much is going on with Edgy's services & my mentees currently, so I didn't have much time to post unfortunately. Big announcements are gonna come very soon.
Bitcoin is currently in a Descending Triangle on the Daily, which will see a solid breakout coming.
To the downside we have $9k psychological as...
IG Sentiment market data shows 80% of retail traders Long and 20% Shorts! SMART MONEY WILL TAKE THAT LIQUIDITY.
Whenever you find yourself in the side of the majority it means you are most likely WRONG.
Breakdown coming soon! SHORT the Ponzi
Let me know if you guys think this holds weight. what this would indicate is if we get a confirmed cross of the 377ema and the 200ma on the daily we will see price continue to go up over the next year or so..
you have to use blx to get the full history of bitcoin in order for the moving averages to work.
its only happened a few times in btc history so we cant...
Lot of people wait for buy lower than 9k but I see BTC and major coin making a pump before. Currently we are in a weekend range, waiting this night to see how market will react.
Long from 10k
BTC got rejected at 55 MA + rejected again with sloping trend line strong resistance and
Bulls fake out happened also bearish 4H time frame looking to a deathcross incoming more
bearish sign. let's see if bitcoin will drop to 9k-8k level.
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Current estimate for the end of the Zig Zag playing out in a combination
(Flat with failed B leg, any three, zig zag, potential wxyxz)
The Flat having a failed B leg created a Falling Three Peaks
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Equity vs Daily PnL
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Just a small update and adjust to the old charts.
Areas to pay attention..
9449 - 9200
8064 - 7586
13K - 14K
Thanks for the support!
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It is clearly seen that Bitcoin was pushed off many times from the upper trend line. Every time there were attempts to break through it, but it had never succeeded. There is also not taken liquidity at levels 9500 and 9100, also at level 6380. I expect to see a decline down to lower levels.