I also added RSI as indicator for this chart analysis on monthly basis.
If you follow these steps you will be able to make good moves in the Bitcoin market.
Sell near RSI 98.00
Buy near RSI 44.00
When the RSI touches 98.00, it's usually the best time to sell before the bull market ends
When the RSI touches 44.00, it's usually the best time...
I made a analysis on the Bitcoin chart with Stoch RSI.
We got three Channels/Trends:
Bull Market: The Stoch RSI go between 100 and 80.
The Stoch RSI go between 80 and 20 during a Trends Transition.
Bear Market: The Stoch RSI go between 20 and 0.
The trend transition occur when the oscillators enters a new channel.
This is just to show you how early we...
A simple projection based on 10 EMA, 21 EMA, 55 EMA & Fibonacci
Based on this idea I think that the 10 EMA will cross the 21 EMA and we will touch the bottom of the wedge at around $10000 before testing the upper side.
As soon as we get some momentum I think that the 21 EMA will cross the 10 EMA and we will get some BULLISH ACTION!
When we get past the upper...
I have been comparing the gold & bitcoin chart for some while now and it's really interesting how similar these charts are. I have had some good trades with this idea the last months.
I will update this idea with my thoughts later today after some sleep.
Meanwhile i would like to know your perspective of this idea:
* Do you think we will...
We did consolidate between the $11850 and $12000 level as I suggested yesterday. We didn't had enough strength to push through to next target at $12100 as i thought.
I think that we will consolidate under $11750 and eventually push up later today to test the upper level again.
Neil HODLstrong here!
Second and third target reached.
We are meeting some resistance at $12000-level and also around $12090.
I think we will consolidate just under $12000 before we test our $12090 target.
And then PUMP through the ROOF.