IMPORTANT BITCOIN NEWS!
Updated
Hello My Dear Supporters!
Lets get our 2018 High! We are chasing it, we are moving, we are getting there, the market will turn and we will be back making massive profits!
Soon all we will see is green!
Bitcoin Daily Telling us its still a buy!
Bitcoin has rallied back strongly through February. On the Daily chart we in the last three days we have seen the break above the 50 EMA, then a retest below yesterday, and today a break back above. This is a classic ABC pattern (Advance Through, Pull back, Continue to Advance). Today’s Daily bar looks likely to close above the 50EMA and confirm we are back in Uptrend. That’s Great news for Bitcoin Holders and buyers. We are headed in the right direction, bring on the cash!
While we are likely to have a Daily trade set up, this also makes it prime time for BUY Trades on the shorter Timeframe. We will advise them as we see them set up.
Back to the Daily Chart, yesterday’s sharp pullback was due after 4 buying days and brings the market back into a more normal buying area.
All I need to buy is for today’s bar to close above the 50 EMA. If it does close above the 50 EMA then this is where the aggressive investor will enter. It’s a reasonable play in this market.
The conservative entry is to Buy the high of the bar, based of the current high that would be $11,050.00
Stop Loss set at recent support of $9,948.30
Targets are just before the Blue lines
$11,835.00 Target 1
$12,762.00 Target 2
$14,937.00 Target 3; Where we want to be!
Please watch the light blue trend line as a possible resistance. If it holds up price then close some of your position and move stop loss to entry.
Feel free to follow us for regular updates! PS. We are also killing it on the alts if you want to make some real cash!
Daily Quote
"In investing, what is comfortable is rarely profitable." - Robert Arnott
At times, you will have to step out of your comfort zone to realize significant gains. Know the boundaries of your comfort zone and practice stepping out of it in small doses. As much as you need to know the market, you need to know yourself too. Can you handle staying in when everyone else is jumping ship? Or getting out during the biggest rally of the century? There's no room for pride in this kind of self-analysis. The best investment strategy can turn into the worst if you don't have the stomach to see it through.
Lets get our 2018 High! We are chasing it, we are moving, we are getting there, the market will turn and we will be back making massive profits!
Soon all we will see is green!
Bitcoin Daily Telling us its still a buy!
Bitcoin has rallied back strongly through February. On the Daily chart we in the last three days we have seen the break above the 50 EMA, then a retest below yesterday, and today a break back above. This is a classic ABC pattern (Advance Through, Pull back, Continue to Advance). Today’s Daily bar looks likely to close above the 50EMA and confirm we are back in Uptrend. That’s Great news for Bitcoin Holders and buyers. We are headed in the right direction, bring on the cash!
While we are likely to have a Daily trade set up, this also makes it prime time for BUY Trades on the shorter Timeframe. We will advise them as we see them set up.
Back to the Daily Chart, yesterday’s sharp pullback was due after 4 buying days and brings the market back into a more normal buying area.
All I need to buy is for today’s bar to close above the 50 EMA. If it does close above the 50 EMA then this is where the aggressive investor will enter. It’s a reasonable play in this market.
The conservative entry is to Buy the high of the bar, based of the current high that would be $11,050.00
Stop Loss set at recent support of $9,948.30
Targets are just before the Blue lines
$11,835.00 Target 1
$12,762.00 Target 2
$14,937.00 Target 3; Where we want to be!
Please watch the light blue trend line as a possible resistance. If it holds up price then close some of your position and move stop loss to entry.
Feel free to follow us for regular updates! PS. We are also killing it on the alts if you want to make some real cash!
Daily Quote
"In investing, what is comfortable is rarely profitable." - Robert Arnott
At times, you will have to step out of your comfort zone to realize significant gains. Know the boundaries of your comfort zone and practice stepping out of it in small doses. As much as you need to know the market, you need to know yourself too. Can you handle staying in when everyone else is jumping ship? Or getting out during the biggest rally of the century? There's no room for pride in this kind of self-analysis. The best investment strategy can turn into the worst if you don't have the stomach to see it through.
Trade active
Most importantly we got our close above the 50 EMA confirming we are still BULLISH on BTC. This sees us entered in either the conservative and Aggressive Daily Trades, but also keeps us hunting for entries on the 4H and H chart like this mornings one already at Target 1 and banking profits.AS i said both those who took the aggressive entry and conservative entry are now in this trade.
The Conservative entry moved out to 11, 250 with SL and Target remaining the same.
Stop Loss set at recent support of $9,948.30
Targets are just before the Blue lines
$11,835.00 Target 1
$12,762.00 Target 2
$14,937.00 Target 3; Where we want to be!
As you can see in the chart, we need to be a little careful while price takes on the trendline forming resistance. We had acceleration to the level which shows the market is looking at it, and will get acceleration if we get through it. If you a bounce here, you can lighten your trade at Entry.
Stop Loss set at recent support of $9,948.30
Targets are just before the Blue lines
$11,835.00 Target 1
$12,762.00 Target 2
$14,937.00 Target 3; Where we want to be!
The daily trades are great and already looking good with a Bullish start to the day.
Trade active
If you want to you can probably still enter this position, just let price push above the trend-line Maybe $11,500 or so.Sorry about the double update, i missed the chart.
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Note
Looking strong for our next targetNote
Looks like Bitcoin is just breaking through its resistance line this could take us on a quick trip to next target.Note
The last few hours have been important for BTC, with the top channel or trend line being broken on the 4H Chart, and tested from above before price has moved up. Its an important moment and does signify a significant break in the bear run that caused so much angst.It will be interesting watching everyone high-lite there articles about Bulls and ignore all the stuff they wrote about Bears and retests of lows. Personally i would be more convinced in this as long term move if we had put in another low on the way back, but for now i will trade what i see and put that to one side.
With the channel broken does it mean we are heading straight back to 20K? No i'm afraid not yet. We have significant resistance levels to break yet, and still need to close above the line on a daily chart.
Its bullish, and positive but its another battle won and not the war.
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