As always .... not much to put in here, also have no time to do it. Just putting this chart out there since I think we approach the bottom of the multi year bear. I hope you all made it through, here is to the bull run that shall ensue in the next few months.
Last chart said we hit 6k. We hit 6k. This chart says we bottom at 6k, i hope we bottom at 6k.
Lots of plays in between, however wanted to see and track bitcoin against past performance. Needless to say bitcoin has never broken its uptrend on monthly / yearly TFs.
On a weekly and Daily level, for this idea to work out 6k support will need to remain intact and rocket starts towards the end of 2019, which aligns with the halving also.
BTC is now very bullish after quite some time. Here is a very simple chart that shows some key levels. Golden cross has already happened, and its basically BTFD from here on.
However, we need to retest the breakout and previous resistance for this to be a longer term bull rally. If that happens, its probably a great time to enter again.
Posting this to look...
So here is an idea. I let charts do the talking. We are approaching resistance. I dont think we break through it here. However targets are given. No matter what the dip, this is one stock you buy and hodl.
You all may know my romance with this stock. Its adoption is absolutely crazy.
Looking at the chart we have a great double bottom forming with resistance around the $15 mark. If this breaks, I expect this to shoot up.
My last chart is still a long call, just wanted to add another chart here.
Weekly RSI has bounced off lows and wants to start curling up. Stoch is painting a picture that shows this may be another week of sideways. Weekly levels looking very good.
We are due to a retest of the previous high shown in the chart. Yearly lows have held and there is no reason to...
Reaching $50. Private investors bailing out, just heard someone sell 150 mil (2%) of company stake. Technically you can see the sell pressure at $50. ASX 0.63% overall is on thin ice with the big banks in trouble.
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Posting another chart based on the previous wyckoff chart i posted, which if you have seen was a 100% success. At the moment we are in buy zone #1, confirmed by fibs and previous lows. Buy zone #2 is right below. If you are building longs, you can start here and build lower, or you can start here and place stop losses.
Shorts vs Longs on BTC are now primed for a...
This is the alternate theory. Posting here to see how well or bad it does. The current break up is a clean break in trend, and we are officially uptrend. You should be longing 8000 and 7700. However if those break down, then this may not be the much talked about "spring".
We are at critical support here. We've already seen a capitulation candle down, and this is a safe area to start going long. Keep in mind though if we break this level you MUST have stop losses as the next levels are around 0.02