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Buythebottom

BTC Rallying above the Daily 200 MAThis is BTC Technical Analysis. Current price is in the $7400 region, which is up around $400 since the day started and is currently rallying. The BTC price action has been in the low $7000 range, since around about the 23rd November (wicking down to around $6400 &, up to the $7800 levels at times). The current macro trend remains as a downwards since the "blow-off top" in June 2019 (from June's high of around $14,000, down to September's low of around $7400 & high of around $10,000; & December's new local low of around $6400). Due to the current range trending, Traders can wait for a breakout of the current ranging price action upwards, to reach for a turn of the trend, from trending-down to up; or a continuation of the past trend which is downwards. Signal to identify a turn of the trend from Downwards, range-trending to, Upwards trending. When the 20 Daily Simple Moving Average gets above the 200 Daily Simple Moving Average, and the Daily candle closes above the 20 MA which is above the 200 MA - This signifies that potentially stock could start to aim for higher highs and reveal going long opportunities for Traders! Signal to identify a continuation of the Downwards, range-trending to, continue trending Downwards. When the 20 MA gets rejected by the 200 MA (the 20 MA comes up to cross over on top of the 200 MA, but it instead remains below the 200 MA) - This signifies that trend is continuing the current micro trend within a range, or that the trend is continuing the current macro trend which is downwards towards the next SAR levels, and skilled Traders may be able find more shorting opportunities in a downwards trend. Even the most skilled Traders always stay out of trading when price is not trending, but is stuck within a range of SAR (except for some Scalping Traders!). Have a look at COINBASE:BTCUSD . Add the following Indicators to your chart: 20 Daily Simple Moving Average 200 Daily Simple Moving Average On the current Daily & 4 hour charts, are you able to see where; Any time the 20 MA (yellow line) is above the 200 MA (orange line) , price action has a bullish sentiment? And, where the 20 MA falls below the 200 MA, price has a more bearish sentiment? Of course, experienced Traders will like to delve further into analysis before executing their trades, however the information presented here may be useful for swing or position traders seeking to buy the 'Bitcoin Bottom' & helping traders to decide whether to buy long or short BTC. As a Trader I seek to go long in uptrends, go short in down trends & I tend not to Day Trade within price ranges except for when the Market signals a potential 'fair-play', for some scalping action on the shorter time-frame! A Daily close any-day now, above $7700 & $8000's region would signify to me an interesting point of a potential turn of the trend to the upside, & where I look to analyse further for confirmations and entry's for long plays! I'd be expecting rally's with that breakout, I'd play entry's close the 20 MA and take profits as price rally's away from the 20 MA before it snaps back & retraces, back towards the 20 Ma. In this case I will go further with TA nearer the time. Where there is no confirmation of a new potential Macro Trend break upwards, no confirmation Daily closes above key areas of resistance, i'd analyse to confirm that indeed the downtrend has continued or that we continue into the current trading range, waiting for a breakout confirmation again!
COINBASE:BTCUSD
by Gabe_MCB
Bitcoin's Market CyclesI know you've probably seen this kinda chart around many times, but this is only for a reminder. In this post, iv'e outlined the "phases" within Bitcoin's cycles and the ones it has gone through in the past and what it is most likely to do next. Not saying it will repeat itself, but it is probably best to use as a rough outline. There isn't much to say really since iv'e outlined the phases and cycle on the price chart along with how long they each last with their % gain, but iv'e outlined the main topics. Four Main Topics - Bitcoin Phases & Cycles (names of phases & idea not mine) - 20 Weekly Moving Average from Bollinger Bands (this comes from filbfilb - check him out on here, twitter and telegram) - Puell Multiple (easily outlines tops and bottoms) - Non Linear Regression Curve (easily outlines tops and bottoms) The reason behind this post is because I see many folks on various social media platforms expecting price to go lower, seeing 7k, 8k mentioned often, but by looking at this price chart can't help but disagree, who knows maybe this time around the cycle might break. When to Get in Before Next Bull Market? Look out for 20 weekly moving average and whenever price touches during the re-accumulation phase enter into long position and forget about it. This will most likely be your last and best chance of getting in before the next cycle starts. I first saw this pattern spotted by filbfilb When & How Sell the Top and Buy the Bottom? Puell Multiple (make sure it is in logarithmic scale) - Sell into the red area or close to it (don't have to be exact with it) - Buy into the green area or close to it (don't have to be exact with it) Non-Linear Regression Curve - Sell into the upper band - Buy into the lower band In conclusion, the way I see it is this price chart is the only one, one could ever need. Why? Because it easily calls the tops, bottoms, when to buy, when to sell, phases within the cycle. Maybe I'm bias because it's my own chart or because cycles repeat just like in everything else. Hope you enjoyed the read; simple and short, but trading/investing is best done this way. If you liked it, like it and comment! Thank you
BNC:BLXLong
by Muncher
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