Here's why now am bullish on Bitcoin XBT
Updated
hey guys welcome to a brand new update on XBT Bitcoin.
so as i mentioned in my previous update prices exactly following the path which makes me turn to be more bullish on Bitcoin rather to stay super bearish.
here's my previous update which generate massive profits for all of us, have a look...
now lots of you ask me, husain what happened to your 1100$ prediction, why you turned to be bullish?
and my answer is so simple, a trader has to be flexible with his trading decisions and should quickly change his minds, with changing situations, coz no one knows the future, everything depends on probabilities and you should see which has the highest probability and should act according to that.
ok, lets start talking about why turn to be bullish...
the top chart you see where Bitcoin has made a double 3s corrective formation so perfectly, we get all the three waves WXY aligned perfectly, although d3s are rare formation and quite complex to see, but most likely the Y wave has ended here and recent spike in prices could be the beginning of next impulse wave 1.
obviously you've already seen this channel formation tones of times, but trust me right now this is the most important thing we need to notice with several points, here you see in the end of this formation that prices broke the channel and successfully close two daily bullish candles for the trend confirmation, although we did broke this channel in Sep with a false signal, coz we don't get continue two daily bullish closes to confirm the trend reversal, but now everything is clear as glass, we get massive two bullish closes which are enough to reverse the trend.
here's another formation which gives us more data with more precision, you see in this fib channel how prices precisely followed each and every diagonal levels (supports and resistances in green and red arrows) till the end of this formation, prices slowly gained and test each support and finally we break it and successfully made two daily close above this formation.
another major reason is my own developed custom rsi which is damn accurate as hell in catching reversals.
you can see above its past performance and how precisely it generates signals.
just exactly in dec 2018 and feb 2019 when prices leave the green zone and did not look back until we hit 13800 level, similarly we've just broken the blue zone and climb towards the red ones which is highly intensive bullish for now.
not so critical but if you only look at the RSI you'll clearly see a massive breakout with an strong indication of trend reversal.
so that's all what i have to say, and that's why i've turned bullish on Bitcoin, if you have any question or suggestions plz share in comments, I really love to read your opinion guys, and am really thankful to all of you to support me on each step.
do share this idea with others to spread knowledge and you'll definitely get multiple returns, and support me with likes and following which boosts more energy and confidence in me to bring you my best.
i hope this idea will help you make superior profits, till then stay safe and keep learning...
this is Husain Zabir signing out
Ann : We've just posted our premium service Report in our Telegram and Twitter and we succeed to gain meteoric +726% profits in 50 days for our premium members
we're going to increase premium fee by 25% from Nov 1st 2019, so make sure to join before that.
to join you can message me here or telegram
join us ad turn your losses into huge profits;)...
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so as i mentioned in my previous update prices exactly following the path which makes me turn to be more bullish on Bitcoin rather to stay super bearish.
here's my previous update which generate massive profits for all of us, have a look...
now lots of you ask me, husain what happened to your 1100$ prediction, why you turned to be bullish?
and my answer is so simple, a trader has to be flexible with his trading decisions and should quickly change his minds, with changing situations, coz no one knows the future, everything depends on probabilities and you should see which has the highest probability and should act according to that.
ok, lets start talking about why turn to be bullish...
the top chart you see where Bitcoin has made a double 3s corrective formation so perfectly, we get all the three waves WXY aligned perfectly, although d3s are rare formation and quite complex to see, but most likely the Y wave has ended here and recent spike in prices could be the beginning of next impulse wave 1.
obviously you've already seen this channel formation tones of times, but trust me right now this is the most important thing we need to notice with several points, here you see in the end of this formation that prices broke the channel and successfully close two daily bullish candles for the trend confirmation, although we did broke this channel in Sep with a false signal, coz we don't get continue two daily bullish closes to confirm the trend reversal, but now everything is clear as glass, we get massive two bullish closes which are enough to reverse the trend.
here's another formation which gives us more data with more precision, you see in this fib channel how prices precisely followed each and every diagonal levels (supports and resistances in green and red arrows) till the end of this formation, prices slowly gained and test each support and finally we break it and successfully made two daily close above this formation.
another major reason is my own developed custom rsi which is damn accurate as hell in catching reversals.
you can see above its past performance and how precisely it generates signals.
just exactly in dec 2018 and feb 2019 when prices leave the green zone and did not look back until we hit 13800 level, similarly we've just broken the blue zone and climb towards the red ones which is highly intensive bullish for now.
not so critical but if you only look at the RSI you'll clearly see a massive breakout with an strong indication of trend reversal.
so that's all what i have to say, and that's why i've turned bullish on Bitcoin, if you have any question or suggestions plz share in comments, I really love to read your opinion guys, and am really thankful to all of you to support me on each step.
do share this idea with others to spread knowledge and you'll definitely get multiple returns, and support me with likes and following which boosts more energy and confidence in me to bring you my best.
i hope this idea will help you make superior profits, till then stay safe and keep learning...
this is Husain Zabir signing out
Ann : We've just posted our premium service Report in our Telegram and Twitter and we succeed to gain meteoric +726% profits in 50 days for our premium members
we're going to increase premium fee by 25% from Nov 1st 2019, so make sure to join before that.
to join you can message me here or telegram
join us ad turn your losses into huge profits;)...
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
important level we need to look carefully right now is 200 DMA sitting around 8940 right now, you can see bulls precisely protected it on 26th of Oct along with this my custom RSI still looks bearish in 1h chart and most likely could create another higher low indication for a weak divergence
Trade active
another major fact which most of analysts ignoring is the weekly chart, here's the logarithmic weekly chart, you see how intensively Bitcoin has formed a bullish weekly close above the trend line and 21WEMA, from here we need to see another bullish weekly close to confirm the trend reversal above 21 WEMA and things looks in favor of bulls.
Note
here's the weekly linear chart which is even more bullish and made a bullish candle breaking trend even before the logarithmic chart but we didn't get two continue bullish closes and also did not broke 21 WEMA, but now we did
Note
although i do prefer Log charts for higher degree like weekly or monthly where we get much better & precise levels, but as you see we are getting similar results from both charts all we need now is the next confirmation of a weekly close, which will hit final nail in the coffin of bears or can be even bulls? lets see...Trade active
here's my old idea i posted on 27th sep just exactly before a month of recent pump, definitely you'll scratch your head and would ask, how the hell this guy was so precise;)
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