BEST BITCOIN FORECAST UPDATE
Updated
All the good time of the day, we update our review on the BTC.
We sat up all the traffic to the top and sometimes, at our own peril and risk, tried to trade altcoyins with the minimum time in the deal. And how else, because BTC has never made a release of all the Holders for a full-fledged move to the top.
Personally, it's much easier for me to trade futures for 5m than for crypto-currencies. Judge for yourself, the formation of the setups and candles is not 5 minutes, but hours, days. During this time, nerves begin to pass and the pleasure from raboty at times less, on the other hand, digital currencies are much more volatile and money excitement awakens. The main enemy of the trader. In addition to the long-term formation of the entrance, all the coins are somehow correlated with the BTC, and that means the number of possible transactions is several times smaller and if the market leader is in a hesitant or unfavorable position, then it's dangerous to enter the violas, suddenly ransacking against you?
Consider what happened on the graph 1d.
The global bearish trend line is broken, which is confirmed by a surge of tick volumes. But notice, there was no return to the trend line, all the Holders did not disembark and it is very suspicious. There are several options for the development of events.
Option one: the boarding will take place before the control point of the position set 8150. This is the most predictable and simplest version, let's be honest, I would not be afraid at the place of the Holder. And what does Smarta need? Panic. What would be the opportunity to go into the position and raise as many stop orders as possible, but without having to disassociate people in the BTC, and then who will push the price. so the first option though the most simple and predictable, but more likely.
Option two: Disembark to the control point 6800, where the position was typed. This option will already make many scared and give honestly earned money. This option is more to my liking, since if there is a rebound from this price, then we are ready for a strong move to the top
Option three: horror Holders) We go to the largest volumes on the graph, 4200 and below. What can I say, how smart drives lead, and we'll go there, we just watch and in this scenario we are very happy that we are sitting in a short position.
Open interest on the graph 1D. Showing bearish divergences of open interest, which work out with a hurray, which confirms the forthcoming correction
We reached the level of 61.80, having made correction from the last downward movement
We will discuss in detail the graph of 4H.
There is a slowdown in the trend, a rebound from the control point and the Fibonacci line. A double vertex is potentially forming, now we are at the point of decision making, we break through the bottom. But there is a great chance to draw a third peak. RSI shows bullish divergence. We remember that the older timeframe says, the purchase is now dangerous, this is countertrend trading.
Altcoins will certainly go for the favorite and it ties hands, the benefit is stocks and futures. We recommend now to refrain from trading and take a short vacation, the most important skill of the trader is not to lose, and we will always find a way to make money.
Leave comments about the review, we are justified criticism and discourses
We invite you to get acquainted with our indicators of open interest
Also launched a website where we teach trading in any market and share experiences, a link in the status of the profile
We sat up all the traffic to the top and sometimes, at our own peril and risk, tried to trade altcoyins with the minimum time in the deal. And how else, because BTC has never made a release of all the Holders for a full-fledged move to the top.
Personally, it's much easier for me to trade futures for 5m than for crypto-currencies. Judge for yourself, the formation of the setups and candles is not 5 minutes, but hours, days. During this time, nerves begin to pass and the pleasure from raboty at times less, on the other hand, digital currencies are much more volatile and money excitement awakens. The main enemy of the trader. In addition to the long-term formation of the entrance, all the coins are somehow correlated with the BTC, and that means the number of possible transactions is several times smaller and if the market leader is in a hesitant or unfavorable position, then it's dangerous to enter the violas, suddenly ransacking against you?
Consider what happened on the graph 1d.
The global bearish trend line is broken, which is confirmed by a surge of tick volumes. But notice, there was no return to the trend line, all the Holders did not disembark and it is very suspicious. There are several options for the development of events.
Option one: the boarding will take place before the control point of the position set 8150. This is the most predictable and simplest version, let's be honest, I would not be afraid at the place of the Holder. And what does Smarta need? Panic. What would be the opportunity to go into the position and raise as many stop orders as possible, but without having to disassociate people in the BTC, and then who will push the price. so the first option though the most simple and predictable, but more likely.
Option two: Disembark to the control point 6800, where the position was typed. This option will already make many scared and give honestly earned money. This option is more to my liking, since if there is a rebound from this price, then we are ready for a strong move to the top
Option three: horror Holders) We go to the largest volumes on the graph, 4200 and below. What can I say, how smart drives lead, and we'll go there, we just watch and in this scenario we are very happy that we are sitting in a short position.
Open interest on the graph 1D. Showing bearish divergences of open interest, which work out with a hurray, which confirms the forthcoming correction
We reached the level of 61.80, having made correction from the last downward movement
We will discuss in detail the graph of 4H.
There is a slowdown in the trend, a rebound from the control point and the Fibonacci line. A double vertex is potentially forming, now we are at the point of decision making, we break through the bottom. But there is a great chance to draw a third peak. RSI shows bullish divergence. We remember that the older timeframe says, the purchase is now dangerous, this is countertrend trading.
Altcoins will certainly go for the favorite and it ties hands, the benefit is stocks and futures. We recommend now to refrain from trading and take a short vacation, the most important skill of the trader is not to lose, and we will always find a way to make money.
Leave comments about the review, we are justified criticism and discourses
We invite you to get acquainted with our indicators of open interest
Also launched a website where we teach trading in any market and share experiences, a link in the status of the profile
Trade active
as it was said before, the shortstalk is reset and even the 9600 test is probable, which is confirmed by all sorts of divergences, the nearest point of co-operation is marked on the chart, if it is not struck, it will be a very strong signal in a short position.Trade active
Trade active
We successfully go to the second correctional waveNote
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Note
as an indicator predicted the last movementsNote
The indicator shows a buy signal, the trend is pointing down, but can we go to drop the shorts to 9250? We are waiting for your comments on this situationTrade closed: target reached
WE open the long position
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