Hello traders!
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...
This analysis is based on a very distinct short-term pattern that Bitcoin seems to be following throughout the July - August consolidation.
As you see on the chart Bitcoin is trading within a 1D Descending Triangle. Clear support (9100) and a Lower High trend line. That alone calls for a new Lower High target within 11400 - 11800.
What stands out though even...
Not many are able to think long term and realize this, but the cryptocurrency markets have already topped.
With summer ending soon, the next 50% price cut might be only a few weeks away.
Good news! I was (finally) able to verify and unfreeze an account with a crypto exchange and cashed out most of my money out of this MLM scheme.
Now, I have no skin in the...
Direction: Long
Reasons for open position:
- Price in upward channel
- Strong resistance zone
- Strong mirror level 10500$
Guys, if you like the idea please put like button and if you have your own ideas you can share it in comments, I would like to see it.
Also, you can ask me questions which you have in comments! Please no need to write them in PM, ask in...
Good morning, traders. Price hit our target from yesterday. The H1 chart is what I posted to our premium Discord community prior to price popping up this morning. At this time, the H1 RSI and Stoch RSI still have room to continue higher. If price closes above the ascending channel resistance in the next two hours, then we should be looking for it to target the...
In the entirety of 2018, every pump was a .618 bullish retracement of the .618 bullish retracement before it.
Since we hit the .618 from ATH at $13.4k, Bitcoin has been bouncing off the .786 retracement of the .786 retracement before it.
Do we have another 2018 on our hands that ends in another capitulation, then we do this...
Using the FUSIONGAP oscillator (Zoomed out).
The FUSIONGAPS series oscillators can also be set to log-scale to determine oversold/bought condition, or bullish/bearish phase/flip of the market.
This is why I am not expecting a massive dump down to an all time low, or anything too brutal.
If BTC's next move is a further downward correction, I'd expected it to drop...
BTC Daily chart continues to tighten so not much to update at this point. Bulls changed the 4 hour trend but saw no follow through, which normally means zoom out and look for a daily bear flag.
The odds have a slight favor for bears where we currently stand, so a bit more follow through over $10,255 would be needed to even out the probabilities.
If we see a...
If you can't see this, you're either blind or you hate money because you're a Jehovah's Witness and you think money is the root of all evil because you're a righteous shepherd.
Welcome friends and traders alike to this analysis on Bitcoin! We are going to do a little bit deeper dive than usual on what Bitcoin is doing and see exactly what the potential of what could happen in the coming months. Which is while we'll start with the weekly and I will post some other charts zoomed in so we can get a better idea of what is going on. The first...
The market is getting nervous.
The emotional waters are getting hot. Soon they will boil.
And then we will have an explosion - of wrong decisions.
The closer we get to the end of the wedge the more emotional everybody will become.
But, the market is a teacher.
Those with weak minds get lessons, those understanding themselves and others get rewarded.
Trading...
This is the most popular Bitcoin pair in the world. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of Bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls this cryptocurrency and everyone can take part. Bitcoin price grew significantly within a short period of time making the BTC/USD pair quite popular among active traders and investors. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.
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