oe123

oe123

The rule is that price always returns to demand and supply. Price has not yet returned. So I will leave you with that.

oe123

Steady as she goes.

oe123

On April 12, 2018 not enough sellers for buyers. As a result price shoots straight up creating a lengthy bar. On the other side of the chart we see price making it's way down revisiting the area of demand. Nothing to stop price from falling and reaching this area because of that lengthy bar opposite it. Only question is will price hold once this area is reached or...

oe123

That's not to say that prices can't come back into the triangle area that they just came from. They can and often do. Until wedge pattern resistance is broken and price heads upward, look for further dropping of price to include pullbacks and channels within the wedge. Prices can and do at times continue in a straight downward fashion avoiding channels and...

oe123

Prices do not always head straight up or straight down. Sometimes there are pullbacks in prices while on the way down or on the way up. For beginners and intermediates look at the chart for the pullbacks that occurred during this short decline. You can see where price comes down and then lifts to form each pullback. If there is another pullback to the next move...

oe123

On the chart you have 2 patterns one inside the other. The symmetrical triangle and the falling wedge. A falling wedge is a bullish bias. With a symmetrical, price can break either direction up or down from resistance or support. Notice price very near the apex of the symmetrical triangle within the wedge pattern at the brown arrow. Price is ready to break...

oe123

It has almost been 2yrs since price has returned to the supply area mentioned above. Notice on the chart, you have on May 27 and 28 of 2016, this shooting up of price. This represents the not enough sellers for buyers dilemma. Before that happens you will see the buying and selling at a steady back and forth pace previous to the breakout as you see it on the...

oe123

Nothing to stop the price from falling from this area on the chart.

oe123

The chart presents a good opportunity to go short or for the buy and hold to buy the dips.

oe123

Going lower. Plan your trades. For the buy and holds, you will have an opportunity to buy much lower as the days and weeks progress.

oe123

Bearish with good opportunity.

oe123

This depends on how you trade, your objective and your plan. For the buy and hold you'll probably buy the dips. A very good thing to do. For the trader on a shorter timeframe you'll use the charts accordingly. This area of the chart is not a bad place to buy for the buy and hold but remember price is headed lower so spread your capitol to cover future dips in the...

oe123

You can wait for rock bottom prices by sitting on the sidelines or you can buy the dips depending on your trading style and investment objectives. There will be times when you just know that a market has not finished its trek up or down. Follow that. Would it surprise you if BTC fell to single digits offering you the buying opportunity of a lifetime?

oe123

If you have a certain amount of capitol to invest in BTC and you feel price is headed down for a term then you'll be able to purchase several chunks of BTC on the way down. Some will do it this way, others will put all of their stake into a price now. Some will wait for rock bottom prices to occur and place their allotted capitol there. And again some will buy in...

oe123

L1. Next stop, L2.

oe123

You may or may not see level 2 with this dip. Prices will fluctuate between price points and may not take a dive down all at once. Look for 8807 and 8269 approximate. Prices remain bearish for the intermediate trend time frame which represents buying opportunities for the swings and the buy and hold groups.There are lower price points to consider but I will...

oe123

Prices may fill the wedge a bit before heading lower. Text book definition of a rising wedge is bearish. At this point better to be on the sidelines to see which way price will move within the wedge and wait for the break out. If price breaks downward out of the wedge and closes below the break, you may by your choice have a trading opportunity. Either way look...

oe123

Here it is, an expanded area of the trading pattern, the pennant. As mentioned earlier, price has now broken to the upside out of the pennant advancing somewhere toward the 10000 area. Once that area is reached do not expect prices to hold. Look for the mid term downtrend to continue.