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The price is sitting on a important support. Volume is good on daily chart time, 15.26M coins daily. I am looking for confirmation on Oscialltors and momentum to enter into a Buy trade and take profits at the R levels up
Anyone who remembers back when the BTC markets took a dive in November 2017 might be able to recall at that time i set up a "leveraged trading playground" band that we would be playing in for some time. For reference here are the levels that i indicated.
Back then i called the green line the "mid line" and i...
In short: Bullish opportunity appearing.
going in at current price of video (81xx) and taking 4% risk...
Looking to hold and swing for a 8% - 10% gain.. after which re take position and search for my main target around 10k sats.
Good luck trading!!
Quick introduction to the ideas of holder psychology, trading's power to control price, potential BTCUSD bottom.
Also of note is the start of an apparent decrease on momentum and price stabilization that could be indicative of the bottom.
Strong potential for continued bullish towards 4200
Currently looking to test the 6650 support before then.
Volume dropping off.. likely sideways with slight downtrend next 2.5 days.
Watching smaller time frames for sudden emergence of bullish motion upwards past 4000.
If alt market does very well expect BTC to reign it in.
BASIS.. Uptrend reversal potential still in play. Looking at 14 days to find reversal emergence.
Alt market should be heating up very nicely and even if we get hit with 5 % TOP COIN drop days there will be opportunities for recovery.
BTC Target 3650 within 14 days.
Fairly strong support backing up sideways action within 10% swing from current position.
Two set ups possible:
1) Volume pick up with large structure on the hourly indicating test of rejection soon leading to bounce for keeping the sideways alive.
2) dropping with candle thinning leaving high potential for leg down to yellow support line.
The time to make your bullish or bearish bet is now because the market will move pretty good in the next 12 hours.
Smaller time frame bullish continuation test undergoing currently.
Low volatility pattern with time cycles shows a 2% move is coming soon in top coins.
7 Minuet video going over BTC and ETH. General market synopsis over last 40 days with optimistic outlook for coming week.
Isn't exciting that we are nearing the end of 2018. What a year. Loved to see the strong and long bearish BTC appear showing just how much interest it has picked up since last year. Loved seeing all of the drama and excitement emerging, all of the pessimism and also the knowledge.
This BTC year is very important because it's the first big year with a huge data...
Seems pretty good to keep momentum alive... Expect consolidation around here to continue...
Waiting for sign of a correction to avoid getting hit while in the alts.
Alt market is looking good, lots of nice pumps of low volume coins indicative of individuals picking up sizable positions to dump later :)