Just another threads continue to analysis and update how to short bitcoin.
Current status is worst for bitcoin, since a double top is formation, if the trend is confirm by price drop below the neck line ~ 9700, huge sell off will trigger, And I think the possibility for this to happen is very high in one or two weeks. Keep our short position tightly!
Hey, Dear all
BNB load opportunity incoming. I'm track Binance and BNB for a long times, it's ecosystem ranked as the first one in all of exchanges.
BNB was among my long term holding list, but you know it's price not good for buyers, in the 1H of 2019, the price surge ~ x9, I bought some ~ 6.6 usdt, but very little amount, after that I didn't find the best...
Bitcoin now near the previous high ~ 14000, I'd like to have a multi time frame analysis about bitcoin, and I will try to describe what's the best option for traders.
Weekly Time frame:
For the weekly time frame, I'm rarely seeing two green candle stick after the shooting star pattern with huge volume. weekly RSI running in overbought long times, I'm expecting...
Bitcoin pump in last day to ~ 12000, but the volume is not optimistic for the bulls, no consistent volume, and the uptrend is hard to hold for bulls.
Here is my proposal for the path of bitcoin, we may see 4H double top formed, and the right top maybe lower than the left one. my plan is closely watch the volume of bitcoin when near the previous high 11900-12000....
Just as my last update mentioned, bitcoin correction is near, but I don't anticipate the final high price can reach ~ 14000.
After FOMO from crowd, the price soar like a crazy cat, but now we also see the correction after FOMO.
There is an important question: where is the...
This is a threads of my reading notes for the great book: [Technical analysis using multiple timeframes]
And here is the notes of chapter 13, how & when to sell short
I will go through all of key points of this book, and find proof from the bitcoin chart.
Why to selling short?
from the book : bear markets occur every 39 months on average and...
Just as my 2019 prediction, I thought bitcoin near correction after the bull run from Feb.2019.
Here are why:
Percentage of gain:
From 07.Feb of 2019, bitcoin last more than 4 month bullish run, price of bitcoin jump from 3390 to 9444 (17.June), the percentage of gain is...
My bitcoin price prediction as the above graph, to the end of this year, price is around ~ 10000, you will amazing why is so near current price, aha?
I think bitcoin is near the correction, and after correction need some time to recover and gain upside move momentum.
My previous prediction in Mar 2018, aligned with the bitcoin trends very...
Gold reach the ~ 1350, which is the major resistance in the latest years. I'm watching closely for the potential beak, and take in to consider the macro economy, lower interest ratio is the trend for latest future.
Let's see if break & hold above 1350 can be realize or not. take action accordingly.
Bitcoin bull run since April reach ~ 9000s in end of May, currently, consolidation in the bottle neck line 7400-8000.
Mid term technical analysis:
Bull need a mid term correction to continue healthy long bull run.
Weekly RSI reach ~ 80
Daily RSI ~ 80-90
MA20 weekly ~ 5400
In a healthy bull run, price will...
BITCOIN weekly MA20 and MA50 tells everything!
Redline is the price prediction in 2019!
Yellow line is the weekly MA50 for bitcoin
Blue line is the weekly MA20 for bitcoin
Bear will be finish in the end of 2019!
With 4H chart, double top formed, second top volume is weak compare to the first one.
From 1H chart, triple top formed, and the volume reflect the strength of bulls.
How to trade?
suppose ETH will revisit the resistant line ~ 156, if the volume not decent to try breakout the neck...
Hi, Dear Experts
Crypto world is weak again, maybe caused by the new year festival, crypto sharks are leave for their holidays?
My opinion on ETH was short from here, actually I have short from 140 USD last night.
From the daily candlestick :
Obvious pattern has been formed for the trend reverse:
Double top formed
BTC in consolidation region 7000-9000.
Daily RSI ~ 35, almost reach the oversold region, MACD very near to the bullish sign, bounce is expected.
But I think BTC need to consolidation about 1-2 weeks in this region, since sentiment is conservative, The G20 is set to hold two separate discussions on cryptocurrencies next week in an effort to seek what...
BTC has long term bull run from the end of 2014, from price around 200 boost to 20000 in the end of 2017, 100x return.
How about let's investigate the long term trading view for BTC, since most of us are personal investors, it's difficult to beat the market in short term, such as frequently daily trading, especially in bear market.
Is it possible to...