If you read my previous idea, now we are in the bounce zone described last month, this is just an updated chart defining the current prices of said zone
just a quick analysis on the daily chart, using my 2 fav indicators, SKMDCP a good accuracy rate, and given that 100 sma just broke yesterday i take it as a confirmation that it should keep moving towards the 200 sma, on the other hand, SKMSB is intended to be used as an entry point indicator, and not as an exit one, so after a good entry signal, i would expect...
just for fomo, cough i mean... fun im not saying that we are gonna pump 5200%... im pretty sure this is a big manipulation and sooner o later whales will show their hand, but if we go by pure indicators.... remember: past performance is not indicative of future results for this analysis: super karate monkey death crossings PRO on 1week chart
as mentioned on my previous xbt idea once the 5300s zone was broken it was expected to reach the 7300 area as next target, now it has broken every single target I have previously set (on FB groups), next one being on the 8500s and then the area labeled as decision time, I'm terrible explaining my analysis, so i just point to the levels i consider significant, once...
it kinda feels like the sleeping giant is about to wake up, might be worth to put some money now, but would wait for the bounce zone 1 to be broken before going all in thought
I'm using xbtusd since that's what i trade, a few days ago it failed to break the resistance at 5378 (today at 5338), i think it should retest it a couple more times before either breaking that resistance (and aim to the 7300's zone) or bouncing down hard to visit some supports (3330, 3121, 2391, 1676) but in the meanwhile, i think we are starting a downtrend and...
Should we expect a third pump on this trade? my conservative instinct says no.... but several indicators keep looking bullish - swinging monkey pro is still marking a long since last friday with a very healthy central channel - Donchian channels are on the uptrend on 1d charts - BTC 2.04% volume it looking beautiful, was at 10b 4 days ago, now it stands at...