My previous thoughts remain, new wave up / uptrend after we correct to 8k - 7k.
A scenario where btc dumps hard on the btd fomo THEN takes off to new ath ( and kills alts ) or sideways alt szn. GL! I've been day trading btc and will continue to update the day trades in a thread on my twitter. (found in bio of my tv page)
NOT ADVICE DYOR
count 21 of 2 It's still in a regular ABC correction from the 1st wave & wave 3 is about to start. Trading in a nut shell = right about direction, but stopped out repeatedly from fear, bad ta, & over leveraged before the big move. Investors scale in and beat your a$$ Previous set up was beautiful but alt szn has not started yet and btc is still dragging them...
Wave 5 completed, ABC correction to 0.618 fib level @ ~7K range. 10k, 8k and 7k -ish buy range. Price action hitting 100EMA could bounce off therefore 7k is unlikely but probable.
The arrows show where I sold and the fingers show where I bought back. I did okay this weekend :)
Im seeing a build up of red volume candles which could signify a drop soon. What Ive noticed is if you look at the previous candles it helps when determining future price movement. For instance if you see 10 tiny red volume candles in a row they add up. So if you see a period with more red volume than green its not wrong to assume that a decline in price is in...
What is EMA ? Ema is known as exponential moving average, it comes from the class of weighted moving average. It gives more weightage to the recent price changes, thus making it much more relevant to the current market analysis. Also it provides a dynamic way of calculating support and resistances in a trend following setup. The most common way to mint profit out...
Elliott Waves are derived from human psychology of Greed/Fear. Take care when U trade/long 5th waves, most retail traders tend to FOMO here because they missed the initial waves Note that 5th wave in turn has 5 subwaves, DONT long the 5th subwave of the 5th wave Reference:- www.profitf.com Here is an example of possible waves for BTC with the recent uptrend....
Hi Guys! We are sure many of you lost money being discarded from your positions even though you correctly predicted the general direction of the price. It happened to us as well . Many times. After such event, you feel bad and temporarily freezes from entering the new position because of the fact you feel insecure and you lose your self-confidence...
In this video I explain why fake volume is irrelevant, my counter arguments against the SEC's stance regarding liquidity and manipulation, how I see Bitmex and the decentralization of exchanges, along with the real issues an ETF needs to solve before it gets approved.
#bitcoin New signal appeared All details on charts Go with #BITFINEX $4,084 or $4,028.4 #breakout but watch for #whipsaw biggest moves like (25-26 JAN18) (28-29 APR18) (27-28 JUL18) (10-11 NOV18) favoured bears but (10-11 DEC18) favoured bulls Not Advice. DYOR
Here I've plotted historical examples of daily crossovers of the 50 SMA and 200 SMA, and crossunders of the same metrics. Does this look like a winning strategy? CrackingCryptocurrency.com
Who will win this time Longs or Shorts. NOT ADVICE. DYOR.
BTC's dominance has been growing since the crypto bear market began at the beginning of 2018. Now we see a large flag formation that provides us with evidence that the dominance might continue growing. This also provides further evidence to support our forecast: Once the BTC dominance starts to show a technical reversal, the bear market will likely come to an end:
I know people say that 200 MA is a strong indicator for when the market should turn, but if we had to do a symmetrical test of the previous bear market we can see a lot of symmetry in the 2 white boxes white in the previous case lead to a 60% drop and it lead to the bottom of the 2016 bear market. Just another chart to play devil advocate with. A what if scenario
This layout has remained static for a few weeks, the red box was painted about two months ago. Keep It Simple Changing analysis too often will leave you missing the train over and over again.
Diamond Bottom is considered a bullish signal indicating a possible reversal of the current downtrend to a new uptrend. Diamond patterns usually form over several months in very active markets. Volume remains high during the formation of this pattern. The Diamond Bottom pattern occurs because prices create higher highs and lower lows in a broadening pattern....