Imagine if BTC had formed a descending triangle from its ATH at 20k.
Imagine if BTC was still under that descending triangle resistance.
Imagine if the descending triangle's 1.618 fib target had not been reached yet.
Imagine if BTC had just completed an 1-2-3-4-5 Elliott Wave cycle (what comes after it?).
Imagine if BTC had just destroyed the uptrend support...
Do not get fooled by indicators showing bullish signs on shorter timeframes (even daily).
Keep your eyes on the weekly and monthly chart.
We still do not have a reversal.
Patience is key.
I.e. I am not saying that we won't have a reversal (this COULD be the bottom). But the charts indicate that we have just hit the top (if we are still bear).
Everything is pointing toward an imminent bull run.
I will be selling at the red boxes/ purple moving average.
I strongly suggest everyone to do the same since this could be a simple corrective wave before reaching lower lows.
This is one of the most, if not the most promising crypto project out there.
Go read up on it.
Their POS devices are being deployed at this very moment.
Yes. This is a crypto project with an actual working product.
Don't wait for the reddit shill army to make you FOMO at 3x the current price.
Buy in entry : 20-22 sats
And be patient. Let the bots accumulate as...
Ain't got no time to write a wall of text about this trade.
Will it play out? Nobody can guarantee it.
But if it does play out. You BUY.
Oversold, overextended, uptrend support line retest, 2.618 fib target.
Free money for the patient ones.
Keep in mind this is the 3 day chart. It'll take a few days to get there. Set alarms and check it once or twice a day.
BTC crashed over 12% and HOT hasn't lost a single sat value while the whole market was bleeding. In fact, it gained 1 sat and it is now holding strong support at 16 sats.
Some of you might be wondering : ''But DTW, isn't it a bad idea to buy altcoins while BTC is crashing? or ''Why does 15 sats matter anyway?''
Anwser; the 0.5 fib is located at 15 sats. Holding...
This is a no brainer, almost a risk free trade.
- Oversold on daily chart RSI (under 30)
- Rebounced off 50 RSI on weekly chart (over 50 RSI = bullish)
- Stoch RSI is oversold on the weekly chart and has just crossed(indicates bullish momentum)
- Held support on the downtrend support line of a potential falling wedge (bullish pattern)
- Volume is non existant,...
Hi friends! Welcome to this analysis of bitcoin.
I've decided to publish this idea after seeing so many people that believe that a BTC bull run is coming. Sorry to break the party, but it is not happening. Yes, even if John McAfee or the CNBC crypto experts told you so.
Lets get to it.
We're looking at a BTC daily log chart coming from the Bitstamp exchange.