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An attempt to analyze BTC using the theory of chaos
Will we double in 4 months?
I see a little 3 percent up to form a double top . Pull Back to take the effect of the rising wedge.
After that we are out of the compression.
New cycle can begin slowly.
Try to catch at purple lines .
Try to sell at yellow or green lines
If ETH drag us into the fall soon, we could see BTC go to next trend line support at 3450€.
As long as actual trend line support keep the price over 5000€ we can have a new bull run, maybe around 03/2019 if it stays flat.
Rising wedge confirmed itself
You are responsible for your own trades and trading plan.
Update XBT Euro Still moving in decending triangle. Possible breakout to the downside within the next months.
Trading tools MA, RSI and MacD
Trading in general
HEre you have a bit of what s going on.
End of the month comes maybe the first decisions on Digital assets ETFs.
Nevertheless the market will need to take a decision on this huge 6m + triangle who is experiencing final compression possibilities.
Maybe some precise trading plan coming in the next days /weeks.
Thanks for reading, happy trading, ...
Bulls and bears will make huge fight on the key field.
BTCEUR and BTCUSD price actions did stay in between the bearish trend line established in February and the recent bullish retracing trend line of this August.
To complicate things the region is also crossed by the resistance level around 6400€ / 7500$ that we have already seen earlier this June and July.
I still am very positive on this market and BTC is probably ...
this is not financial advice
this will age well
So there is a nice downtrend in BTC and i have seen it on the top.
Opened a nice short position in the top of the trend and started to worry if i am wrong - that leads to stupid mistakes.
One of them is getting scared of small market noise.
Another is not waiting enough for a good entry point.
And that is all due to too much staring in the market - let the ...
The Moving Average 50 (1h) seems to be a valid indicator for BTC
Based on the first channel of high that ocurred yesterday between 18-00 PM, when EMA crossed-up SMA and was a great time to buy, the channel lasts for about 2 hours and BTC has reached its strongest resistence for the past 3 days.
I placed the lines on the graph at 7-8 PM and got good earnings from it, before close the ...
I look for break outs, either way is a good setup for a trade!
Lets see how it goes
In my opinion BTC will rise. Altcoins are drained and every1 focusing on BTC.