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BTC - Bullish EMA Cross - Further Consolidation PossibleTRADING ACTIVE Trade Entry 1. Adding to position, I would wait for break of 10WeekMA around $8k for confirmation bullish to next high OR if rejection of 10WeekMA wait for Buy Zone. 2. Not already in BTC, I would consider buying a small position at this price as BTC can go parabolic as we end pattern. Once you have a small position, assume that we may consolidate further (use #1 above). Chart Details Seeing Bullish EMA Cross today on Daily view. Watching to see if price rejects at $8k (10WeekMA). If rejection, Buy Zone is $7100 - $6k. Small chance of low down below $6K (always save buying power for here). Weekly view shows green Sell Signal (mixed signal). If we break $7692 this should trigger Buy Signal on Weekly. RSI working in channel will breakout to confirm trend. Outer Space Chart (Long Term View) About Me Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. I am transitioning to my new website www.moneypatterns.com and have updated my name previously jbird7839. Same guy - new name. :) Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards. Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish
BITSTAMP:BTCUSD
by MoneyPatterns
2
BTC-Long Term Bullish ; Short Term Consolidation Buy OpportunityI am currently in this trade. I will continue to add to my position in the Buy Zone. Chart Details We are still consolidating into the tip of the wedge. I still think the Buy Zone is lower into the $6100 area. RSI trend is still in channel. Rebound off top RSI channel indicates short-term downtrend consolidation where I will look to buy if possible. Current overall Daily trend is bullish. Next trend is bearish. I think we will get very low on Trend Dots before any bullish parabolic move. Long term trendline (yellow) shows we should not go below $6k EVER. Entry Options I will buy anywhere under $7k with wishful orders scattered in the $6k range. Outer Space chart mentioned About Me Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. I am transitioning to my new website www.moneypatterns.com and will be updating my username here. Same guy - new name. :) Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards. Disclosure - I am long BTCUSD, GBTC. Short-term bullish GDX with options.
BITSTAMP:BTCUSDLong
by MoneyPatterns
2
BTC - Bullish Short Term - Waiting to ConfirmBTC has broken out of the $7k range. Next stop is $8k around the 10WeekMA. If we close a Daily candle above the 10WeekMA and maintain the bullish trend, this will confirm we should be going higher. RSI trend is bullish with room to run. General trend also confirms bullish trend currently on Daily. My Opinion - We will likely head to the $8k area and reject on the 10WeekMA. Seeing that we may continue to consolidate in the tip of the wedge OR breakout past the 10Week....keep some dry powder. If we get down into the $7k or less area again, this will be a clear buy. Here is a longer term view from previous - BTC Outter Space Chart Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long BTCUSD, GBTC, NFLX (shortterm)
COINBASE:BTCUSDLong
by MoneyPatterns
1
The people who are in the know are in ANTI FIAT! Billionaires offloading their stocks at record highs while SEC opens the floodgates for *non-accredited investors* to buy their bags. "Robinhood, Square Cash App, Acorns, all Exchanges went Commission Free Trades" Where have I seen this before? Ahhh.... The 2017 Crypto bubble top Read about the Shoeshine Boy! Before the 1929 collapse the Shoeshine Boy was giving stock tips to Joe Kennedy in 1928 and he knew the time to sell. I would be out of all Stocks in the next 12 months. Trump is going to win and the people like Soros and big liberal investors like Bloomberg are going to short the market to make the Republicans look incompetent. And bring on socialism in America. I kind of wish Dems had a good front runner that could win because they could take the hit. We're almost 24 trillion in debt. And a ton of stocks are trading at 100 X (EDIBDA) Earnings Before Interest, Depreciation, and Amortization. How long does that sustain? If Trump is doing one thing wrong it's trying to take credit for the market that's piped up on printed Fiat. And corporate crony Capitalism. They borrow that almost free money (soon to be negative interest rates) invest in their company. Pay exorbitant CEO pay packages, buy back stock, inflate stock prices, operate at a loss, pay no taxes. Pay off lobbyists that cleared the way. Rinse and Repeat. Buy Bitcoin... Some Silver and Gold... And more importantly, store treasure in heaven...
GLong
by ChARTs1440
22
GBTC / BTC - Consolidating in Wedge TipGBTC and BTC are consolidating in the tip of the wedge everyone is watching for months. I was able to get some fill orders on GBTC for $8.55. I have other wishful orders scattered below $8 (just in case). RSI is already low and suppressed for some time now. MACD is showing signs of flipping on Daily, but is not there yet. Multiple gaps to fill above price. Price crossing red zigzag (10WeekMA) will confirm uptrend. Just to give hope to some people who HODL if you miss a selling opportunity. I was able to reduce my cost basis and pick up 531 extra shares in one account by re-buying and selling on the way down. If you plan to HODL what I did: -2000 shares....sell half in 200/300 increments on up ticks. -I waited for pullback and bought using 500 share orders. (1000 share order would not fill). -Doing this 3 times helped me gain 25% more shares while offsetting losses as I do not exit BTC during halving events. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long BTCUSD, GBTC
GLong
by MoneyPatterns
4
BTC - Bullish ConsolidationWhile we wait for BTC to complete the wedge pattern, all we can do is provide possibilities for outcomes. I see this pattern as a giant bull flag (like other patterns in Outter Space chart below). This would imply we are in the end of the consolidation area, tip of the wedge. My opinion is to dollar cost average (DCA) in the current price down to previous lows of $6400. I am keeping dry powder in the event we dip down to pink log support around $6100. The lower we go the quicker it gets bought up. Using previous fractal based on 10WeekMA position related to price, we may have until end January to buy dips. Based on last halving's we should price increase into the May 2020 halving. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long BTCUSD, GBTC, NFLX (temporary)
COINBASE:BTCUSDLong
by MoneyPatterns