DIGITAL ALPHA UPDATE BTC - WhenBottom?
What is up everyone! Hope you are having an awesome weekend per usual. Northern Hemisphere is enjoying the Spring time, which is the best time of the year. Who does not enjoy the freshness Spring brings? As for the Southern Hemisphere...maybe you should visit the North, just kidding of course. Every season as its pros. Ok, on to BTC.
I was looking back at the late 2013 to early 2014 "bubble". Go ahead and tear me apart for saying bubble, but it is what it is. The asset was overvalued at the time and the price retracted quickly. I was hoping to glean some information from that timeframe to use going forward. In my previous post on fractals I brought up the triple bottom. This time I want us to look at the MACD . It is fairly straight forward. What is nice from this is that the tweezers candle formation in April 2014 was the 3rd bottom of this timeframe. However, we didn't see a quick rise like we would have anticipated. Instead the price came back down slowly with the MACD showing a nice divergence. That was the time for a low risk buy.
So looking at today, where are we? We are looking for the 3rd bottom and are in the 3rd phase of the MACD progression. So the end is near...we hope! Past does not dictate the future, but gives us clues as to what might happen. That is all. So we use it for what it is worth and not blindly follow history. If the future is any indication of the past, we will expect a quick high volume sell off for the 3rd bottom, followed by a quick rise, then a slow low volume decline. When the MACD starts to flatten out, volume is very low, and we start seeing doji like candles, this would signal a great time to get into position.
As for alts, a quick buck could be made on the quick rise, but know there is a hefty chance we are coming back down...slowly. So get in and out quick with tight stop losses - know your exit before you enter if your trade goes south. The best altcoins will be the ones with the most volume . Think of your EOS, IOTA, OMGs...think the alts that have seen big volume within the last 2-3 weeks.
As always, keep showing the weekend who is the boss!
Join our telegram as well. We are building up our subscribers so we can bring you free ICO airdrops. When this starts happening we will be conducting free LTC raffles, hardware wallet giveaways, and more! Not to mention we try to give live-time educational portfolio management with Large-Cap portfolio management, 50 LTC/BTC trades to
1M, and soon a Small-Cap portfolio as well.
DA BULL
I was looking back at the late 2013 to early 2014 "bubble". Go ahead and tear me apart for saying bubble, but it is what it is. The asset was overvalued at the time and the price retracted quickly. I was hoping to glean some information from that timeframe to use going forward. In my previous post on fractals I brought up the triple bottom. This time I want us to look at the MACD . It is fairly straight forward. What is nice from this is that the tweezers candle formation in April 2014 was the 3rd bottom of this timeframe. However, we didn't see a quick rise like we would have anticipated. Instead the price came back down slowly with the MACD showing a nice divergence. That was the time for a low risk buy.
So looking at today, where are we? We are looking for the 3rd bottom and are in the 3rd phase of the MACD progression. So the end is near...we hope! Past does not dictate the future, but gives us clues as to what might happen. That is all. So we use it for what it is worth and not blindly follow history. If the future is any indication of the past, we will expect a quick high volume sell off for the 3rd bottom, followed by a quick rise, then a slow low volume decline. When the MACD starts to flatten out, volume is very low, and we start seeing doji like candles, this would signal a great time to get into position.
As for alts, a quick buck could be made on the quick rise, but know there is a hefty chance we are coming back down...slowly. So get in and out quick with tight stop losses - know your exit before you enter if your trade goes south. The best altcoins will be the ones with the most volume . Think of your EOS, IOTA, OMGs...think the alts that have seen big volume within the last 2-3 weeks.
As always, keep showing the weekend who is the boss!
Join our telegram as well. We are building up our subscribers so we can bring you free ICO airdrops. When this starts happening we will be conducting free LTC raffles, hardware wallet giveaways, and more! Not to mention we try to give live-time educational portfolio management with Large-Cap portfolio management, 50 LTC/BTC trades to
1M, and soon a Small-Cap portfolio as well. DA BULL
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