Bitcoin BTCUSD Looking Like A BULL RUN!Bitcoin here at $9639 is looking like a great buy its very over sold on the RSI with it hitting below or close to the 30 on multiple time frames. We have established a high at 10227 and now we should be looking to establish a lower high and It looks at if we might be at the low.
Bitcoinbuy
Rare Quality Chance to get on BTC now!BTCUSD HOURLY COINBASE
Hey Followers here is something special just for you.
BTC is on another tear and pullbacks for entry have been hard to find, but right now we have a very good one.
It has recently broken the $11,000.00 (Red Horizontal line) level, then pulled back to retest (Hit) the Horizontal line. This the start of is a classic ABC pattern, Advance through the level, Pull Back to the level, and Continue in the original direction.
It’s a rare chance. Lets take the agrresive entry, its riskier but rewards here are huge.
BUY NOW 11035
SL 10,800
Targets just before the Blue lines
$11,245.00 Target 1
$11,740.00 Target 2
$12,810.00 Target 3
If price falls below $11,000 before we post the trade is invalid
If you want to make Dollars your decisions need to make sense. Its aggressive, but rewards and levels are good, jump in.
Risk here is 2% reward is 16% I like these odds.
Daily Quote
"In investing, what is comfortable is rarely profitable." - Robert Arnott
At times, you will have to step out of your comfort zone to realize significant gains. Know the boundaries of your comfort zone and practice stepping out of it in small doses. As much as you need to know the market, you need to know yourself too. Can you handle staying in when everyone else is jumping ship? Or getting out during the biggest rally of the century? There's no room for pride in this kind of self-analysis. The best investment strategy can turn into the worst if you don't have the stomach to see it through.
Bitcoin profit target reached perfectly once again, prepare for Buy above 12858. Stop loss at 12348. Take profit at 13748.
Reason for the trading strategy (technically):
Price has reached our selling area and dropped down perfectly to our profit target. We look to play another bounce above 12858 support (ABC Fibonacci extension, horizontal swing low support) towards our resistance target at 13748 (Fibonacci retracement, breakout level).
Stochastic (34,5,3) is seeing major support above 10% where a corresponding bounce could occur.
Bitcoin Buy Opportunity Possible Altcoin Market Bearish ReversalThe past few days have been quite booming for the altcoin market, which makes me think about the tides of the seasons.
A lot of people around the world have spent their holidays with their friends and family, and I can imagine a lot of conversations would be about Bitcoin as it has been getting a lot of attention in the mainstream media lately.
I can only imagine a lot of new traders trying their luck in 2018 with crypto, which means there will be a lot of new money into Bitcoin.
Therefore bitcoin will make moves for a new bull run, which will leave alts being drowned in blood for the simple reason that it's hard for altcoins to win against btc when btc is rising.
This has a funny result in your portfolio because if you stay in alts, the dollar value of your portfolio will probably stay the same or rise.
If you make the switch to move a big percentages of your portfolio into Bitcoin, then you will rise in dollar value as you ride the Bitcoin train.
The bonus in managing your portfolio the second way is it's possible to buy in Alts later when Bitcoin cools off.
Most of us will remember the days when the Total Alt Market was bleeding so hard because of the sudden mooning of Bitcoin and we were losing out a lot of potential gains long term, but that's when we noticed that if you held the bitcoin during the run up instead of alts, you could buy so much more alts back at such a low price, which results in a far bigger return the moment alts begin to grow again.
Altseason might be over very soon so don't forget to lock in your profits!
Now about Bitcoin:
Bitcoin is looking for a classic set up with a rising bottom pattern forming into a flag pattern.
RSI is looking bullish and the Momentum is getting stronger.
Bitcoin is creeping out of the Ichimoku Cloud which makes me extremely bullish on Bitcoin.
Good luck with this trade, the theory is still a theory.