Bitcoin | Is it a TRAP? | Are you too late to the Party? Video does the talking.
Key things to take away from this:
$7865 is a key level has been broken.
Head and Shoulders pattern completed and set the long trade as shown here.
Longer Term indicators signal sell signals if the Down Trend is on.
If the UpTrend is on, any lower time frame buy signals will be once in a life time.
Take it easy team.
If you want me to make videos about Altcoins or anything you want, let me know.
See you on the next one.
~Bo Bugra
XBTUSD
How Will Iran US Tension Affect Bitcoin? - Key Levels to WatchVideo does the talking.
Key things to take away from this:
$7865 is a key level to be broken before calling the uptren.d
Head and Shoulders pattern may be completed. If completed, bullish signal.
Price is in a neutral zone. There are more sell setups than buy setups.
Pull ups are still a selling opportunity as long as the down trend is on.
Take it easy team.
If you want me to make videos like this on Stocks, Forex or Commodities, let me know.
See you on the next one.
~Bo Bugra
How to Approach Bitcoin Short Term Bearish SignalsI'm still long at $7800 and took some profit so I could lower stop, but the bearish movement is now about 4 weeks old and we are well below the 200 SMA and closing dailies below the 200 EMA, so BTC will have a lot of work to do the remaining 30 days of this cycle to prove its ready to trend bullish.
If we end up with a left translated cycle or a failed cycle below $7k then I close my long (if not stopped out) and switch to a bearish/neutral posture and start to do more short term trading (likely both directions). I will not look for long term longs anymore. That doesn't mean we can't go up. It just means that I will need to see a full bullish right translated cycle that gets back above the major 200's for me to shift back into a long swing trade.
BTCUSD analysis 19/11/2019Summary and additional points:
In the video I talk about the current TA and QA, talk about all the narratives as to how we got here, the current landscape of the market and many other things.
Bitcoin should be bouncing here but looks too weak. Too many longs... Funding, open interest and premiums agree with that. The market could get to 8400 but that's as far as I can see it go. Definitely don't expect any new highs and time soon. New highs and ATHs in Q1 or Q2. Currently all I see is potential capitulation in Nov-Dec with a change occurring with the new quarterlies in mid December
As I've been saying Bitcoin has been bearish for a really long time. Personally was bullish on alts for quite some time and got a few decent plays as I mentioned on twitter, but now I am out of most alts. Have separated my accounts in Trading, Hodling and 'investing' where investing consists of gems in which I have 5% of all my coins.
Alts are suffering too as there are too many ALTUSD longs and there is an Adam and Eve formation on BTC.D. Imho there are still plenty of good opportunities in alts if you look at mid-low caps as large caps with leveraged show high correlation to the downside as BTC goes down.
Key areas to the downside : 7500 - 6850 - 6400 - 6100/5900 - 4900 - 4300
Bitcoin: Second U-turn Coming?Hello dear crypto friends, hope you're doing well! ;)
In this video we're going to discuss if BTC is building another U-turn.
Very important: Bybit is launching a competition with 100 BTC as the prize pool. Let's join this and show the Moonboys from Youtube how trading really works! ;)
Have fun watching.
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BITCOIN INVESTORS MUST WATCH THIS VIDEO | TIME TO BET THE FARM?What's up ladies?
I hope you enjoyed this video.
I tried to explain why it is the time to bet the farm.
I hope it was helpful.
Feel free to SMASHH that LIKE button to help me continue my work.
Follow me on TradingView as well if you liked this video.
Take it easy team.
~BO
Founder of Megalodon Algorithms and Automated Trading Bots