Btcisking
BTC manipulation at its max.As i have stated yesterday about the btc prices been bearish. BITSTAMP:BTCUSD
as you can see the price movement yesterday was ridiculous, tricking many, many people going into long positions.
the buy volume was so little but with a massive green candle is corporate funds exiting the position after jacking up the price for retail investors.
Dont fall for it next time when you see little buy volume with a large green candle.
we are still on track for the short position i have stated yesterday at the 23233 area when it breaks we trade.
Bitcoin Double Bottom continuesDear patrons,
This is my new analysis and update on BTC moving up in the chains. We bottomed out at 17650. On my last post I noted that I entered this trade at 17850 to hopefully get some solid bounce to the upside, and set my stop losses in the 17650 area.
Continued to today I am riding this upside, we clearly passed the neckline of the double bottom and now we have a new support. I moved my stop losses up to the zone where if the neck line breaks then we will have some profit.
Currently we are testing the 18800 resistance. Wait for conformations on the four hour candles to assume breakouts, etc.
Note: if you miss a double bottom, you can always purchase the breakout above the neckline (circled in purple). I also circled the zone of which I entered which is the bottom.
Another thing to consider on the chart, Red is stop loss, Blue lines are key supports and resistances. hopefully we can get some more upside to this trend.
Please like and share, my last analysis was pretty accurate, we can all make money together! happy trading :)
When a man falls he can get up, when a leaf falls it is stepped on.
-The one and only, fallingleaf
BTC/USD - Your Peace of MindThis is very basic stuff, but people need to see the greater picture and especially the HODL'ers. Furthermore, the past doesn't necessarily predict the future, but you can definitely see a pattern here. When BTC is above the 50, 100, & 200 day moving averages BTC is essentially bullish. We have bounced off the Green 50 Day Moving Average and are about to close a second 1 day candle above all three moving averages again. This should insight Bullish price action again until we retest them again. I wouldn't worry too much about price action until we start testing the 200 Day Moving Average again, but that might be along time as you can tell in the chart. The fact we bounced off the Green 50 Day moving average is telling me that there is still lots of upwards momentum left as we didn't even fall to the 200 Day Moving Average. Lastly, you can also see the arrows pointing to how many times BTC has bounced off the moving averages in the past after its Golden Crosses from its respective bear markets. Hopefully this gives people a piece of mind during the next 20-40% correction. Cheers!
Red = 100 Day Moving Average
Green = 50 Day Moving Average
Blue = 200 Day Moving Average