Bitcoin XBT breaks the Downtrend channel, whats next?...
Updated
Hey guys welcome to fresh new update on Bitcoin XBT, a very warm welcome to all my family...
well well well getting lots of messages with only one question, husain when will you post new update?...
so here it is....
but before this i want you to look my 9th oct published idea where ive said that Bitcoin has bottomed for short term and now looks prepared for the next rally, i received lots of criticism for that post coz than price fall even more lower, but i do appreciate all of them who point out my mistakes and helped me to work even harder, thanks a lot guys, here's my previous idea...
notice the levels i've mentioned...
now moving to the top chart so clearly we finally broke the downtrend channel and first time made a new top outside this channel, that's a pretty bullish signal in itself, for now prices are looking for a pullback and will give us another long opportunity, am expecting a retracement upto 8400-8800 level for a better long opportunity.
talking about the rsi so we already get higher lows pattern with prices making lower lows which is class A bullish divergence, along with that we've also broke the upper trend line coming from jun highs of 13800 and made a new high, so its a definitely green signal from oscillators for bulls.
daily chart is completely clear and amazing, first of all the death cross the legendary death cross widely prmoted by lots of traders, but actually its a false death cross coz yeah 50 DMA is falling and crossing 200DMA but 200 DMA is not rejecting the uptrend yet, it only applies when both moving averages move towards the trend, same conditions will apply for golden cross, so definitely those who shorted by looking at this false death cross have 2 minutes sielence for them.
now mpving towards my custom indicator so you see how strongly it has spiked from green zone to the blue one, and its a huge bullish sign in daily chart, look how it has signaled twice in dec 2018 and feb 2019 and rest is history, thats the result of our research and analysis, if you want to enjoy its benefits join premium and have all the pleasure:)
on my post ive published on 9th oct ive mentioned that bitcoin has bottomed for short term and we could see a rally towards lower highs, ive mentioned three zone we need to look carefully and the level which has high resistance was 10350-10500, and look now prices exactloy retraced from that level, yeah we do formed a lower bottom around 7200 and honestly i dont have any idea for that, thats why some of my last predictions were bullish lots of members criticise me for wrong predictions and i did take them seriously and used it in a positive way.
my short term view for the current situation
alright guys, that's all for now hope this idea will help you to make profits, dont forget to hit like and support us so we keep bringing awesome new trading ideas for you, follow us for more future updates, and do comment your opinion, we appreciate your response:)
and to join our premium contact me on telegram
refine your trading and turn your losses in huge profits...
This is Husain Zabir signing out
Ad DueDEX: The fastest crypto futures trading exchange, up to $110 free trading bonus plus $100 extra on first deposit of 0.2 btc
Join now : http://bit.ly/JoinDueDEXClub
well well well getting lots of messages with only one question, husain when will you post new update?...
so here it is....
but before this i want you to look my 9th oct published idea where ive said that Bitcoin has bottomed for short term and now looks prepared for the next rally, i received lots of criticism for that post coz than price fall even more lower, but i do appreciate all of them who point out my mistakes and helped me to work even harder, thanks a lot guys, here's my previous idea...
notice the levels i've mentioned...
now moving to the top chart so clearly we finally broke the downtrend channel and first time made a new top outside this channel, that's a pretty bullish signal in itself, for now prices are looking for a pullback and will give us another long opportunity, am expecting a retracement upto 8400-8800 level for a better long opportunity.
talking about the rsi so we already get higher lows pattern with prices making lower lows which is class A bullish divergence, along with that we've also broke the upper trend line coming from jun highs of 13800 and made a new high, so its a definitely green signal from oscillators for bulls.
daily chart is completely clear and amazing, first of all the death cross the legendary death cross widely prmoted by lots of traders, but actually its a false death cross coz yeah 50 DMA is falling and crossing 200DMA but 200 DMA is not rejecting the uptrend yet, it only applies when both moving averages move towards the trend, same conditions will apply for golden cross, so definitely those who shorted by looking at this false death cross have 2 minutes sielence for them.
now mpving towards my custom indicator so you see how strongly it has spiked from green zone to the blue one, and its a huge bullish sign in daily chart, look how it has signaled twice in dec 2018 and feb 2019 and rest is history, thats the result of our research and analysis, if you want to enjoy its benefits join premium and have all the pleasure:)
on my post ive published on 9th oct ive mentioned that bitcoin has bottomed for short term and we could see a rally towards lower highs, ive mentioned three zone we need to look carefully and the level which has high resistance was 10350-10500, and look now prices exactloy retraced from that level, yeah we do formed a lower bottom around 7200 and honestly i dont have any idea for that, thats why some of my last predictions were bullish lots of members criticise me for wrong predictions and i did take them seriously and used it in a positive way.
my short term view for the current situation
alright guys, that's all for now hope this idea will help you to make profits, dont forget to hit like and support us so we keep bringing awesome new trading ideas for you, follow us for more future updates, and do comment your opinion, we appreciate your response:)
and to join our premium contact me on telegram
refine your trading and turn your losses in huge profits...
This is Husain Zabir signing out
Ad DueDEX: The fastest crypto futures trading exchange, up to $110 free trading bonus plus $100 extra on first deposit of 0.2 btc
Join now : http://bit.ly/JoinDueDEXClub
Trade active
time to go short my custom indicator has just signaled for a shor4t entry by moving in pink zone from the red ones
Trade active
thats a really bad news for those who are deliberately waiting for the next alt season as you see Bitcoin dominance has already broke that downtrend channel and its even before XI Jinping's statement so clearly alts will keep continue to bleed more in coming days along with that my custom indicator has also signaled a new rally in BTC dominance so most likely alt season could be late this time, its better for us to focus more on Bitcoin
Trade active
the most probable move for now
Note
As most of the traders focusing on long term i would prefer for a short term opportunity and looks like a second wave will give us a better entry to short, my custom rsi is also indicating for that moveTrade active
thats the level of precision am talking about, look how precisely our custom indicator has signaled and how perfectly prices followed the pattern ive predicted, join premium for more, stay hungry:)
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