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Buy Very Bearish Sentiment.
A 20 Week Cycle Trough is expected on 11/12/18, no matter who wins come election time, but the news media will blame the election winners as the reason for the drop.
This is my opinion only, not giving any trading advice.
New 20 Week Cycle starting, Divergence on indicator and sentiment is very bearish, A Recipe for higher Prices.
Watch the volume as it approaches the supply zone, if it stays below average line sell or close long position.
My opinion only.
Sell supply zone
Sell at supply zone, buy at demand zone. Between the zones stay out.
When price reaches supply zones, close long positions.
Daily chart shows supply zones, sell when price enters the zone.
Price is staying in supply zone to long, most likely absorbing selling for a move higher.
Sell at supply zone, but a close above supply zone is Bullish.
Low Risk Entry Position.
Price is below its 50 day SMA, so wait until price goes back into supply area and sell. Until price closes above its 50 Day SMA and closes above supply zones the bear are in control.
Look to buy at demand zone , price is bearish until it enters demand zone.
Bitcoin is currently in a wave 4 correction with a price target around 7900.00.
Sell side looks like it is being accumulated, watch for 16480.52 to be taken out and look to sell in that area.
On 11/29/17 there was very high volume, with no results. I would be very careful holding long position because that high volume will be retested at some time soon.
Big Put Buying before earnings
Anybody in long position better close out while you can, Vix is at greedy extreme. Correction coming soon!!