I've marked what I believe to be the next possible wave. Right now it's accumulating strength, volume has to build up, and RSI is cooling down, together with Bitcoin next wave approaching soon, likely.
Right now is good time to think of long positions.
I didn't delve deep into the chart, but it is pretty clear that it is building up for a huge break out.
Go throw your fibonacci, and drawing skills at it! Calculate the profits, it's a lot. Once break out, will make targets.
Tactic: Swing trader, wait for break out then buy into first dip.
Namaste, Good luck.
Hello folks,
Another analysis, let's give it a shot shall we!
THC is high in volume, which is why I believe analysis is possible, since there's a lot of eyes at it, which gives indicators more credibility (BITTREX's POV).
I've marked possible Buy/Sell/Stop-loss area's for you to create a trading strategy around. I'm just curious to see how it will...
Looking at the movement of the moving averages, and the a possible trend coming into existence, here's a take on the shortly upcoming movements of bitcoin for day trading. Any feedback is very welcome.
Testing a simple analysis for its accuracy. It seems that it will bounce, according to the movement of the moving averages and the support and resistance lines and trend lines. According to this I have made a sketch of the situation. Its accuracy isn't necessarily accurate. Feedback is very welcome, thank you.
![BTCUSDT: Buy Strategy BTC [BTCUSDT]](https://s3.tradingview.com/z/ZrItRCRT_mid.png "Buy Strategy BTC [BTCUSDT]")
