My primary BTC chart has reached the end of its trendlines. Now posted is the same chart with the same trendlines.
We have now returned to the mean. From this point forward we will be following a very simple strategy. Swing trade the trendlines. When BTC reaches the red line I'll come back to make an update.
My current strat
Green = Low risk buy in
Red = High risk buy in
Small Medium buy in at red trend touch. Very tight stop. Sell order a couple points before purple trend resist.
Medium buy in at green touch. Tight stop. Sell order a couple points before purple trend resist.
1-2 day trade.
Hello Everyone, long term bear here that has now turned bullish . I thought I would stop by and explain why I’ve recently bought back into the market.
Before continuing, please open the link below in an adjacent tab/window. I would also suggest opening the base image for a financial bubble. Thank you....
Above you can access the original idea. Back on the 21st we made note of a clear downward channel and a rising trendline. We have now fully consolidated to that trendline. Like in the original idea, I still expect a bullrun to begin within the week. The...
We've seen BTC fall through historic moving averages recently. What I'm looking at now is major trendlines. We can see that the major trendline formed by the beginning of the manic run-up in since September is still holding. We've had a few touches and this indicates we are still bullish long term.
In the short term we can see BTC moving in a clear downward...
BTC has been riding the 50 day on the 15 minute. It just fell below the 50 day. Currently, I am watching support at 15459 for a bounce or fall. I suggest watching the graph on the Bittrex website as Trading view is not accurately displaying candles from the Bittrex exchange. In other words, watch the 50 day here (15 min) and ignore the prices on here on trading...
Greetings fellow traders,
With the altcoin rally still moving full steam ahead and the ever growing market cap in the crypto-world we are all asking what will happen to bitcoin.
BTC has seen a tremendous rally that has been driven by continuing releases of price driving news. However, the news is done, scalability is becoming a stronger topic, and there has...