Long now and Take profit at 11800
Short at 11800 and take profit at 8500
It can take a few weeks to hit Target 2
so stay patient
and Target 1 will be hit soon
Happy Trading :)
Pro Tips - Trade on the big time frame and ignore the noise
Every time the NVT indicator tuned red Bitcoin generally dropped approx 60-64% from there.
I have tried to calculate body to body.
So if this keeps holding true then we can test the low or can see lower low too.
An approx given drop will take Bitcoin to around $3300 - $2600 in the coming months.
Good luck to those who couldn't buy the dip last time.
So is this a Bull trap and retest of long strong resistance or Bear trap of the insane gain that is coming?
I will not be buying until we break above the diagonal resistance!
Let us wait and watch!
Place your bets on the comments!
also if you like my charts do give a like! : )
Bitcoin has made some parabolic move in the last few weeks and went up more than 100%!! Insane right?? Make me feel so 2017!!!
Well, this is definitely Insane to see some cool move from Bitcoin but it went up parabolic which most of the time don't tends to hold!
Also, people are talking Lambos and Yacht make me feel like Europhia! So better bet on alts or Short...
By comparing the fractals we get to find there is a lot much room left for Bitcoin to fall before we can again start the new Bull run. I have marked where I think the Accumulation floor can happen. 200EMA is acting as resistance for now and also we can see RSI is also facing a resistance. I would start buying once Bitcoin successfully can cross above 200EMA and...
This is a monthly Chart of Bitcoin and looks like a Cup & Handle or a Rising wedge is forming. One is Bullish and other is Bearish. Huge Potential for both of them. Who do you think will win?
Are you a Bull or Bear? :D
Comment down and check in the future.
Good luck on your Side guys ^_^
We all Know its hard to make profit and honestly its even harder to keep Profit! It has been a crazy ride last year and so if we are going for a long term Bear market ..I will Try to save my Capital as much as I can by following the layout chart and also will try to ride the AltCoins Season!
Happy Trading! : )