Hello everyone. All of my previous buy signals have so far been a success. I am determined to continue giving this information away, so that I can continue to challenge everything I have been learning. I recently decided to start a public telegram, which gives this type of live information away for free. I post BTC signals, and am now starting to post alt signals as well.
So, as for BTC. Right now it is currently in an ascending channel looking to form support at the $9,950 region. Problem is, there is very low volume indicated. RSI has spiked, but with volume being low we need something fast or the bears are going to take back control. Outlined in the above chart are two very key supports. We are quite literally knocking on 10k's door, to see if anyone is home. There is a HUGE resistance at this level, so bulls need to break it in order to validate a buy opportunity. OR Bounce with serious momentum off of either 3 supports.
I do truly believe we will surpass 10k, and I believe we will have a final profit target of somewhere near 11.5k-12k. HOWEVER. We have been going up up and up, without testing supports to make sure they are going to hold. This is a problem. Bears need to knock us down to test at least one of the supports, to confirm there are still buyers in those regions. Right now, I believe we do not have the needed momentum to break 10k. That being said, I believe we will fall temporarily to a support.
I am live streaming on Twitch. I also now have a public telegram. If you would like to learn something new about Technical Analysis, Crypto in general, want a coin TA'd, or whatever, feel free to PM me. My telegram is now public so anyone can join. PM me as well if you would like the link to that as I cannot advertise either sources here.
This is not financial advice, just an amateur's thoughts, painted on a chart. Always remember. Pigs get fed, hogs get slaughtered. Good luck and happy trading!
PS- Feel free to take a look at my previous ideas listed below to get an idea of the type of amateur you are dealing with. ;)
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REMEMBER PEOPLE. 10k+ with MOMENTUM is a buy NO SOONER.
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If we break the above 2 resistances with high RSI and high volume, this is a buy opportunity. Possibly one of your last good chances.
Remember. We need A LOT of momentum. I believe getting above these 2 resistances should get what we need going.
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This is the most bizarre dump I have ever seen. However, if we reverse here, this is going to be even MORE hidden bullish divergence. I will update this tomorrow.
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