The market entered a strange divergent trend from RSI and Price Action ever since the big crash, I think we will bounce from here and enter back into a convergent market where the momentum starts to match price action, I am calling the bottom at 53.100K which also matches the 1 Trillion Market CAP. Also backed up by huge outflows from exchanges, shows me bitcoin...
We have just finished our accumulation phase and Theta is about to make a move to the upside, hang on to your seats.
I sold my last entry at 59K made a quick scalp, I have now made a second dip and got a second entry a bit lower this time at 57.5K I will ride this to 58800 or 59K depending how the momentum goes, I am expecting more sideways action so I will sell at 59K
Managed to get the entry long at 58350 , I’ll rid dev this long see if we break out this time past 60K We have retested the W formation neck line and it bounced heavily , let’s break through
I am still waiting for a good re-entry, bitcoin is a but slow moving at the moment, I am waiting for the downside movement to fill an order in the buy zone. If we bounce off the 58000 level, we should hit ATH or get near it as short term momentum is upwards. Bitcoin is currently ranging and moving sideways, while people move gains into ALTS. I expect a break to...
I have exited my last scalp, now I am looking for a re-entry and a drop down to 57800 range, based on FIB levels. I will wait for the following confirmations before I re-enter 1. 1 Hour RSI near oversold 2. Bullish Divergence on RSI 3. DOJI candle near bottom, or trend reversal on 1 hour If we bounce of the FIB level I think we will smash ATH within 12...
This is an update to my last post, we have now hit our target for double bottom on Monday 2am, we did not follow pattern exactly but we did hit target. I am longing a position now until 60K. There is not a big bullish divergence on the RSI so we may not have enough steam to 60K but my first TP will be 58K. We should close the CME gap on Monday at 60K however, is...
We are now in the buy zone, break out to happen over the next week. very strong support at 11.2-11.5 dollars USD
Using past trends to help predict BTC reactions using ghost trends from the past. Not exactly TA but tends to work out sometimes as it simulates how this assets reacts to certain market conditions. BTC tends to mimic itself. I am looking for a double bottom, that creates a bullish hidden divergence, a lower low in price, with a higher low in RSI on Sunday night...