BITCOIN, here is why you have time to relax...20-02-20 is the date
Ok, the corn made some moves, but not very significant. It is accumulationtime. It goes up and down, the mayor alts hold their value and some even start to run as soon as btc moves bullish. The altruns are slowing out.
It time till 20 Feb 20 when you look at the chart... if we hold the rising rsichannel we will hit RSI=60 then.
And the interesting cross of the priceaction trendlines.
And the date 20-02-20 ... come on!
My plan: Let the bots accumulate with shitcoins till mid feb, then going in my 4 favs and play the S/R flip flop with big moves based on bigger timeframes.
End of feb when I am right, the bots getting reorganized into the favs triggerd with "buy the dip" signals on higher volume, timeframe and percantageprofit with 10% of my holdings.
Lets see...
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BTC/USD - 4H Chart - Technical Analysis 26/02/18 Dear Viewers,
I previously made a 1D Chart TA, now I added the 4h Chart TA.
Let's get right into it !
As we can see, bitcoin is still in a Bearish mood, we can see that thanks to the RSI still being under 50 BUT the MACD is about to cross upwards on the daily charts. This might change the mood on a hourly basis, but the MACD on the 1D chart is still crossing downwards.
There is a possibility that bitcoin drops furthermore towards the 8.5k if it can't get to the next important resistance level which is 10k. As you can see the yellow triangle show us bitcoin path, it could go down to 8.5k if it doesn't break out of it. If it does, the Bullish with make war to the 10k Resistance.
We will start seeing a real certified bullish mood if bitcoin breaks the red dotted resistance level it failed to break before, but in order to make that happen, it has to get threw a few resistance levels I marked with purple lines. For now my mood is to short, as is other technical analysis, do keep an eye on bitcoin if it breaks through these 3 resistance levels, that shows us that the bullish are trying hard to get past that huge resistance level at 10k.
I would not trade anything at this moment, the market is, as always, unpredictable.
The only thing we can do is to try to figure out WHAT COULD HAPPEN.
Thanks for reviewing my first analysis on trading view, don't forget to leave behind any comments on what you think about this Technical Analysis without ABCD waves, and other tools.
Raw_Blitz out.
BTC/USD Technical Analysis 26/02/18Dear Viewers,
Welcome to my first TA on Tradingview.
Let's get right into it !
As we can see, bitcoin is still in a Bearish mood, we can see that thanks to the RSI still being under 50 and the MACD is about to cross downwards on the daily charts.
I hope you tethered out before this bearish mood started, there is a possibility that bitcoin drops furthermore towards the 8.5k.
On the other hand, we will start seeing a bullish mood if bitcoin breaks the red dotted resistance level it failed to break before, but in order to make that happen, it has to get threw a few resistance levels I marked with a green dotted line. For now my mood is to short, as is other technical analysis, do keep an eye on bitcoin if it breaks through these 3 resistance levels, that shows us that the bullish are trying hard to get past that huge resistance level.
I would not trade anything at this moment, the market is, as always, unpredictable.
The only thing we can do is to try to figure out WHAT COULD HAPPEN .
Thanks for reviewing my first analysis on trading view, don't forget to leave behind any comments on what you think about this easy TA without any ABC waves, triangles and such.
Raw_Blitz out.