THE BIGGER PICTURE
Updated
Hi guys, Daniel here with another Bitcoin update!
I'm referring to my Post on 29.March. 2018
As seen on the Chart we pretty much predicted that the Weekly Rsi chart on that date & Sma 30 days would Hold pretty tightly at the price of 6700$ BTC.
Alot of guys are focusing on day to day chart analyses and forgot the bigger Picture, hence of alot of the viewers with less and no experience in TA getting confusing signals. (Therefore always do what the herd is doing = losing money)
IF you study the past of BTC you can predict some of its movements in advance (Not always thought).
I was bearish since beginning of january 2018 when we fell from roughly 16k$ to 12k$ i knew the bears are finally taking controll.
As mentioned earlier, when we look at the past of BTC you can clearly see a continueing pattern, since july 2012 BTC pretty much respected the SMA 30 on the the weekly Chart.
It never went below that purple line, ONLY once when we hat the long long bear market
The bear market lasted from 14.september 2014 to 19.oktober.2015
https://ibb.co/evidG7each of these candles when we touched the 30 days sma lasted from 40 to 60 days.
https://www.tradingview.com/x/L0HYvH0f/
First Bounce was around 100% in plus from the low to top price.
https://www.tradingview.com/x/KhjEATHZ/
Funny thing, on when we add 100% + to our current bounce, the price of BTC would be 12500$!
Be aware of Fakeouts!
All i can say is if we somehow Drop the 30 days sma support and CLOSE below it, then brace for impact!
( i dont think it would, but thats the worse case scenario)
https://www.tradingview.com/x/vZiJbF97/
So as you can see, we are clearly not out of the woods.
be patient, dont fomo, and buy when everybody screaming for dead BTC, like on 6.february 2018 (i bought)
and 19.march.2018 (Bought aswell)
I'm referring to my Post on 29.March. 2018
As seen on the Chart we pretty much predicted that the Weekly Rsi chart on that date & Sma 30 days would Hold pretty tightly at the price of 6700$ BTC.
Alot of guys are focusing on day to day chart analyses and forgot the bigger Picture, hence of alot of the viewers with less and no experience in TA getting confusing signals. (Therefore always do what the herd is doing = losing money)
IF you study the past of BTC you can predict some of its movements in advance (Not always thought).
I was bearish since beginning of january 2018 when we fell from roughly 16k$ to 12k$ i knew the bears are finally taking controll.
As mentioned earlier, when we look at the past of BTC you can clearly see a continueing pattern, since july 2012 BTC pretty much respected the SMA 30 on the the weekly Chart.
It never went below that purple line, ONLY once when we hat the long long bear market
The bear market lasted from 14.september 2014 to 19.oktober.2015
https://ibb.co/evidG7each of these candles when we touched the 30 days sma lasted from 40 to 60 days.
https://www.tradingview.com/x/L0HYvH0f/
First Bounce was around 100% in plus from the low to top price.
https://www.tradingview.com/x/KhjEATHZ/
Funny thing, on when we add 100% + to our current bounce, the price of BTC would be 12500$!
Be aware of Fakeouts!
All i can say is if we somehow Drop the 30 days sma support and CLOSE below it, then brace for impact!
( i dont think it would, but thats the worse case scenario)
https://www.tradingview.com/x/vZiJbF97/
So as you can see, we are clearly not out of the woods.
be patient, dont fomo, and buy when everybody screaming for dead BTC, like on 6.february 2018 (i bought)
and 19.march.2018 (Bought aswell)
Note
First Bounce was around 100% in plus from the low to top price.
Funny thing, on when we add 100% + to our current bounce, the price of BTC would be 12500$!
Be aware of Fakeouts!
All i can say is if we somehow Drop the 30 days sma support and CLOSE below it, then brace for impact!
( i dont think it would, but thats the worse case scenario)
So as you can see, we are clearly not out of the woods.
be patient, dont fomo, and buy when everybody screaming for dead BTC, like on 6.february 2018 (i bought)
and 19.march.2018 (Bought aswell)
Note
For your information, i never trade Bitcoin, i trade virous TOP 10 ranked ALTcoins, but since everything is correlated with Bitcoin, i#d like to use it as an indicator.Note
Guys, if you appreciate what im doing here, keep the likes coming and comment about it. So i‘m feeling more motivated doing this, i dont profit from it or anything:)Cheers
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