Not financial advise. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. A slightly different perspective and not really looking at market formations but focusing on moving averages. There are a couple moving averages I want to focus on: 1. 200 Week Moving Average (Red) - ~$3175 2. 25 Day Moving...
Good morning, traders. Demand continued to flow into the pair over the weekend with supply attempting to assert itself yesterday. Up looks much more likely than down, in the near term at least. The D1 chart shows price sitting on the daily pivot after being rejected around the 50% retracement of the December 15th low to the December 24th high, but we could see it...
A look at some recent BTC impulse moves higher and subsequent price movement. I prefer bull flags that drift lower on lighter volume and then push higher on increased volume. However, ultimately the breakout volume and follow-through move is what's important. Box A is yesterday's move showing an ideal pullback level. Box B is the Dec 17th move which turned...
Good morning, traders. Price action just got interesting this morning. H4 and D1 RSI are breaking bullishly through their resistance and volume has picked up noticeably. As a matter of fact, H4 RSI is now bullish at 56. Obviously we need to see follow through, and there is still another 2 hours left in this current candle, but volume is already nearing the same...
Good morning, traders. After the recent drop and immediate reversal price has continued to move sideways adding to traders' already pessimistic attitudes and boredom. But don't let the market lull you to sleep. These are precisely the times traders need to be extremely aware of what's going on as sudden moves often do happen and catch sleeping traders off guard....
This is just my opinion , comment below your opinion
Good morning, traders. Overnight saw Bitcoin finally falling through the bottom of the ascending channel. As I have been warning, failure of follow through on a break through resistance will likely result in price continuing to head lower. That strength into the end of the daily candle yesterday printed a bullish cross on the MACD which has since turned into a...
Good morning, traders. The big news yesterday was potential proof that the Mt. Gox trustee was selling Bitcoin on the BitPoint exchange, rather than OTC, through the first half of 2018 (www.goxdox.com). If so, it could help us understand why price failed to rally strongly enough off the $6000 level and ultimately fell through, after that level supported price for...
Indicators are more powerful when looking on the weekly or monthly. If we look at the 2014 cycle, I think we are around the same point today when it bottomed. As in my previous ideas on BTC, I expect a retest of 200 weekly EMA soon that could bring down price to 3200 or 3000 $, making a double bottom and starting a new cycle for the bulls. Good luck...
It was the summer of 1997 in Des Moines, Iowa (my old hometown). Des Moines is a smaller city in the center of Iowa surrounded by corn fields, barns, cows, horses, pigs and baseball fields. Life was good and simple. I was 16 years old. AOL dial up was around for a few years and all you could really do was email, which was too slow and cumbersome at the time. ...
Everything explained in charts. Drop a like/follow if you appreciate as no one is seeing this reversal pattern. The handle is where the weak hands get shaken out....don't be weak!!! This is a bullish reversal pattern. If you want to trade the safest buy and stop loss entry is in the chart. Good luck! Bobby -Don't hate the hair, hate the game
This post is the result of a short discussion from the previous post. The question was: is it possible to get financial independence if you have only 10USD as a starting capital? My reply is - YES. Probably you won’t believe but still, let’s try to imagine such a story.You are a young guy without any solid capital, and only you have it’s 10USD in your pocket. But...
Let's make this post for discussion and sharing your ideas, thoughts, and experience if you have, how to get financial independence from trading. Please, be active and take part in the discussion. Several days ago I posted polls in my social media to see, what do you think about financial independence. The main question was: "Would you like to get financial...
"The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks." If this pattern breaks to the upside we can expect a move up from Bitcoin (XBT) soon. This is an educational post covering some of the basics. This can...
Bitcoin is going to be used as an example today to explore a couple of strategies for using chart patterns. First, let me personally dismiss the idea that a pattern can only be traded once it's complete. A pattern is just that, something that repeats itself in the endlessly fluid price action and nothing more. Any given part of a pattern can be broken down ,...
Look at this chart... Red was a mistake, retail were in a manic buying frenzy, the likes we will most likely not see again for a while (if ever again) for Bitcoin. White looks like a more sensible outcome, which means the price still has a long way to drop...
Hi everyone, I am looking to Bitcoin from another perspektive. Why this drop happens in this strong months? Why Bakkt delays Bitcoin futures launch? Why is drop start one day before Bakkt info public? Big players play with us and with hodlers, they want to BTC cheap, Institutions buy bitcoin cheap for your futures interest. Is Bitcoin for 3-4000usd cheap...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Trading Entry and Exit checklists Over the past 18 years of trading, it has been a crucial step in my development to constantly critique myself and my trading strategy. I constantly monitor my performance on a daily, weekly,monthly,quartley and yearly timeframe. Listed below is a small simple example of some of the...