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BTC - Futures Confirm Bullish Reversal Coming (Weekly View)Weekly view confirm that the downtrend is fairly exhausted at current levels. Gaps below are all filled at this point. Only up-gaps to fill now, which indicates upward price movement. This is confirmed in the shown chart by all 3 indicators at bottom. Ready for reversal. I agree with PlanB that this is just normal BTC behavior. "It's just normal #bitcoin behavior. Note we are still up 2x YTD. And yes, S2F model is just fine, nothing out of the ordinary. " BTC still one of the best performing assets of 2019. twitter.com Buy when there is fear. Sell when there is greed. This should be a clear buying opportunity. 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 MARA, GBTC, BTCUSD, GDX, VIXY. Short SPY and AAPL.
CME:BTC2!Long
by MoneyPatterns
8
BTC - Rebound in Days or LessRSI is 24 on BTC currently. Other indicators like Fisher Transform and Filter dots are at the lowest point since the Nov. 2018 selloff. To me this signals we are at the bottom. Rebound is not only immenent, if it follows the last dip to this point we should see 100%+ returns in the next 6 months or less. We are currently resting on the pink diagonal support. We could descend further into the wedge. The bottom red line support is a log support line from the beginning. I do not see us going down this far, although its possible. 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 MARA, GBTC, BTCUSD, GDX, VIXY. Short SPY and AAPL.
COINBASE:BTCUSDLong
by MoneyPatterns
2
GBTC - Confirming BTC Bullish Reversal IncomingGBTC confirming BTC chart bullish reversal coming soon. RSI is low, almost at 30 where it always pops shortly thereafter. Fisher Transform ready to flip, same as BTC chart. Filter Dots show bearish trend is exhausted and ready to flip bullish, same as BTC chart. Gaps Only down gap to fill (red box) is cut off by log support line which has over 20 points of contact. Either we hold log support or go roughly 30% below support to close the gap. I feel this is highly unlikely, especially pre-halving. All yellow boxes are up gaps to fill, implying we go up from here. Price Price is chillin on flat support of wedge. Additional angled support/resistance combo line adds to support. Cup and handle is rough here, not mathematically precise with handle at .618. But still fits the wedge, price, and pattern. 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 MARA, GBTC, BTCUSD, GDX, VIXY. Short SPY and AAPL.
GLong
by MoneyPatterns
BTC - The Good, Bad, and Ugly - Buy the Dip, Not the Hype BTC has been profitable for 98.66% OF ITS HISTORY bitcoinist.com Any short term losses people have EVER had with BTC, were only due to the persons inability to HOLD. Good - We are not bearish as we are still in the primary pattern, which is the wedge from May 2019 until Present. - We have two support lines to fall on, both will plenty of contact points. - RSI showing same pattern trend, wedge ready to pop. -Fisher Transform almost at all time lows from 2018 selloff. - Filter Dots show next flip is BULLISH, as we are currently already in the bearish downtrend which is ending based on RSI, Filter Dots slope/level, and Fisher. Bad - We are getting to the sh*t or get off the pot scenario. Price is getting to the blue support. Break of $7100 will be bearish. - We may see too many people with weak hands capitulate and sell off being this low. - This is a bonus in my opinion. True believers in BTC are ready for all dips, know long term value, and have strong hands (don't fold easy). Ugly - Lots of bears trying to use psychology to help their leverage shorts payout, so they can buy a better dip. Don't be scared, be smart. -It can be hard to see through all the noise. -Question whether the chart makes sense, whether the author is explaining the chart values, and whether you believe the outcomes shown in probability percentage? -What is the probability percentage that 6 months pre-halving, we are going down in price when flow will be cut in half? This is a buy opportunity. With SP500, DJIA, and Nasdaq at ATH we are probably going to wait for a correction there for massive cash flows to seek riskier investments. Dec. 15 tariffs may be catalyst. 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 MARA, GBTC, BTCUSD, GDX, VIXY. Short SPY and AAPL.
GEMINI:BTCUSDLong
by MoneyPatterns
2
BTC - Coiling The SpringBTC is ready to make the turn folks. Get in where you fit in, or get left out. Gaussian Channel is holding for almost a month. Price has followed trend into the "Buy Zone" - $7900-$8600ish Short-term support is holding with multiple points of contact. I do NOT think we will go down to the log support line. In the past this happened 3 years post halving, which last was Dec. 2018. RSI is ready to pop following a falling wedge pattern. This is bullish. Fisher Transform ready to flip bullish. Filter Dots are ready to flip to bullish. Based on the chart and indicators I think we are ready to flip BULLISH in the next 3 days. I also feel that once SPY and most market goes into correction given current overbought status, the money will need to go somewhere. SPY at all time highs means pockets will be full of cash for high risk assets once the DJIA, NYSE, and NASDAQ markets starts falling. 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 MARA, GBTC, BTCUSD, GDX, VIXY. Short SPY and AAPL.
COINBASE:BTCUSDLong
by MoneyPatterns