The Circles of Life are Fib Circles that can be of assistance for Support and Resistance Levels (S&P). They can also give traders a good overall picture of the Market, particularly BTC or an Alt coin. This is a Bull Market with Corrections at those various S&P levels. Good Luck everyone.
Last time I tested a strategy for over a month, and I must say I got lucky. You can check it here:
This time I will try to simply beat Buy & Hold with a 3H automated strategy for BINANCE:BTCUSDT
I will be using this script...
In 4hour, as you see an inverted head and shoulders is forming, but it is not definite. It will be valid when the price break the neckline up in a valid manner. So do not hurry.
In 1D, If the price break out then it is back to bullish channel 1 and will also break the bearish channel 2.
This is just an analysis, DONT FORGET TO CONSIDER STOP LOSS AND TAKE PROFIT.
Bitcoin is unpredictable most of the time, we cannot deny it. But, we have TWO trendlines (assuming they are valid and stay intact) hinting that more downside is coming!? Maybe it's a coincidence, or maybe we are just wrong. Only time can tell.
P.S. Not a trading advice. For educational purposes only. Just an idea, nothing special *_^
Hold you beers crypto pioneers,
I create automated strategies which goal is to outperform the Buy & Hold line.
Here is one for BINANCE:BTCUSDT in 1 hour timeframe.
With such strategies you should expect losses, wins, but most importantly huge gains ! The ones who will be patient through the hard times will be highly rewarded.
Sample 20% profit trade...
An automated strategy for BINANCE:BTCUSDT
Expect losses, expect wins, but expect Huge profits!
- Only Longs (you can't short on Binance for now)
- 100% Equity of 10 000$ inital capital
- 0.05% commissions (With BNB enabled)
- From 2018/01/01 (before the bull run)
Get the indicator now !
Please help me get enough rep to interact with the people in chat. Feel free to leave your opinions here below, every like, comment, and follow will help!!
Do you think a massive correction is unavoidable here? Has been a crappy couple of days for BTC. Thank you for any interaction :)
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Hold your beers, crypto pioneers.
I'm sure you remember this support that took a year to become a resistance.
Guess what, we just broke through it in less than 4 hours.
I think indicators are clear: the bulls are back.
So is it time to buy ? Yes, but buy what ? I didn't put it in the title on purpose.
This is not Bitcoin that I think it is time to buy......
Before I explain the strategy, here is a little story.
Not earlier than yesterday, I got a very constructive comment:
"Why should I buy your scripts ? If really they were working you would be on permanent vacation."
The guy was right and I think the same towards people who sell their knowledge on the internet.
However what he didn't know is that I was...