I belive we will reach 9-10K before reversal.
I'm completely netural in this market. Low might be in or it may not be.
However we will defenetly test at least 6.2K more probably below 5k to 4.2 area.
Buying here or at 9-10k is plain stupid in my opinion. Just take a breath and wait.
No bear market ends with parabolic moves up and no corrections.
Even tough I could shorted BTC here at 0.618 fib + trendline from forever I didn't because it was going parabolic and my Mex account is mostly Flat.
I will however short if all things line up at 0.5 retrenchment from the huge bull-run we had since forever. You will see in this chart that a lot of things line up there and there is huge resistance.
This is simply the most powerful shit. Just zoom in and check the levels see by yourself. How this pitchfork works is amazing.
In the next couple of weeks we will see whether BTC is bearish or bullish.
This is no joke.
There is no Target here. If we break that channel up with good volume, we may not go down to retest.
If we keep on going down I'll take a huge loss.
Ada USD broke above the downward channel yesterday. There is no reason why Ada btc can't do the same. When btc slows down (I think soon) some of these alts will pump very hard. My bet is on Ada.
My latest idea on...
I closed my last trade on Ada with %60 profit and shared it here. I could have shorted but I chose short LTC instead.
Now time is getting close to fill my bags for the next wave.
I believe that trend line will hold.
I believe hype on Ada has not ended yet.
Take it as you will and good luck.
Rsi has bearish divergence. My account is flat right now.
If we have a bullish breakout I will short. If Rsi situation doesn't change.
Also Short are very low longs are high.
I believe a false breakout will happen to trap the bulls.
Breaking the 200 day moving average with that trend line will mean 50 day MA going above 200 MA as well. We will have multiple bullish signs if that where to happen. 2x returns will be easy without leverage if this happens in my opinion. Keep an eye.
Go Pro breaking the downtrend channel it has been in for a long time. Goes down to retest it. Rsi is signalling bullish divergence while TD sequential is giving a 9 reversal. %50 profit after a few weeks. 3 different types of analysis all signaling trend change (price, momentum, time) it just works. I sadly missed this one. But good job to all those who noticed...
Trendlines make more sense on linear chart recently for bitcoin.
I never trade chart patterns like this... They never work... Unless they are really clear, solid and obvious. This one looks like a clear inverted H&S to me so it is tradeable. I don't think we will reach as High as the target I mentioned above. But I think we can get as high as 4.800.
Bear Trend has not ended. Shorttearm corrections will happen. I expect recent pullback to go on. However non of these will take us above 7k. The Low is probably not in. This is a very possible scenario I will keep an eye on.
We are making closes above the cloud on 45min and 1hour Charts. 2Hour chart is making closes inside the cloud. These are for the first time since we drooped from 6.2k. Volume is supporting. Shorts are over leveraged. I closed all my shorts at 4K. Suggest you do the same. We will go at least to 4.5k but more likely to 5k and maybe to 6k.
Picture is clear for me now. We need a decent pump from a low price range. 3K looks ideal right now. After that we will decide whether btc is going to change its trend or continue going down. There is going to be a huge resistance from years long trend line support... I don't thing we can break that in a second. If we keep going down 1.3K is a HUGE support. You...
Other exchanges trading at 785. There is support there. Bitmex contracts trading at 634. That is all-time low. There is %23 difference between bitmex and other exchanges. That is insane to me... I don't understand this at all. Anyway shorters of this coin like me should have taken their profits there. There is no more reason to short. Hard fork is still coming. We...
Lets make some money by shorting this garbage.
Rsi has bearish divergence. TD sequential is about to hit a 9.
You can use massive amount of leverage and use the top as a stop-loss.
I'm not doing that. I shorted with a medium size position and will consider doubling down. If we get the same signals on a higher time frame. Like 12 hour.
Never the less this is...