Wow, what a beautiful day.
I officially have 100 followers on tradingview. Thank you everyone who follows and PMs me with questions. I'm really happy to share my experience and passion for trading to help other people MAKE MONEY and use more cryptos, which only helps other people get into this market, and make crypto currencies the future!!
ON THE SAME DAY, we hit all time highs. COINCIDENCE??? haha
I've been riding this since 4000, so a nice 10% gain over the week. I know that's not as crazy as some of the alt-coins, but it's always great to keep some money in Bitcoin because it hasn't disappointed us yet.
WHAT'S GOING TO HAPPEN AT THESE ALL TIME HIGHS? Can Bitcoin breakout and make it to 4500, 5000??
We might see a pulback here, and then another attempt to breakout. It often takes 3 or 4 attempts to breakthrough a level. This is only the second time at this level.
We might see a strong breakthrough without a pullback. The more moving averages catch up on more time frames the better. Pay attention to the 9 and 20ema on the daily, hourly, and 15minute time frames. If the moving averages catch up to price on all time frames, then we should see a breakout.
All signs look bullish to me (see my chart for notation):
1. Price is in an uptrend on 60 minute chart and daily chart
2. Price is consolidating nicely under the 4450 level
3. Price is above Ichimoku Cloud
4. RSI got overbought. Many people think this is a "SELL" signal. No, it is a GOOD SIGN for higher prices because it means that there are more sellers than buyers!! Price can stay oversold for a loooong time and keep going up. Just check the chart!
---------
!! PM me with any questions about my analysis !!
MY TRADING METHOD:
I keep my analysis simple. Good analysis always is.
I use Price Patterns, Moving Averages, and RSI for my analysis.
I use the 1 day for trend analysis and 60 minute for trade entry
For my Targets I use Fibonacci projections + measured moves
Successful trading means proper risk sizing and trading small so you can stay in the game.
I officially have 100 followers on tradingview. Thank you everyone who follows and PMs me with questions. I'm really happy to share my experience and passion for trading to help other people MAKE MONEY and use more cryptos, which only helps other people get into this market, and make crypto currencies the future!!
ON THE SAME DAY, we hit all time highs. COINCIDENCE??? haha
I've been riding this since 4000, so a nice 10% gain over the week. I know that's not as crazy as some of the alt-coins, but it's always great to keep some money in Bitcoin because it hasn't disappointed us yet.
WHAT'S GOING TO HAPPEN AT THESE ALL TIME HIGHS? Can Bitcoin breakout and make it to 4500, 5000??
We might see a pulback here, and then another attempt to breakout. It often takes 3 or 4 attempts to breakthrough a level. This is only the second time at this level.
We might see a strong breakthrough without a pullback. The more moving averages catch up on more time frames the better. Pay attention to the 9 and 20ema on the daily, hourly, and 15minute time frames. If the moving averages catch up to price on all time frames, then we should see a breakout.
All signs look bullish to me (see my chart for notation):
1. Price is in an uptrend on 60 minute chart and daily chart
2. Price is consolidating nicely under the 4450 level
3. Price is above Ichimoku Cloud
4. RSI got overbought. Many people think this is a "SELL" signal. No, it is a GOOD SIGN for higher prices because it means that there are more sellers than buyers!! Price can stay oversold for a loooong time and keep going up. Just check the chart!
---------
!! PM me with any questions about my analysis !!
MY TRADING METHOD:
I keep my analysis simple. Good analysis always is.
I use Price Patterns, Moving Averages, and RSI for my analysis.
I use the 1 day for trend analysis and 60 minute for trade entry
For my Targets I use Fibonacci projections + measured moves
Successful trading means proper risk sizing and trading small so you can stay in the game.
Support me with these referral links:
Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591
Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591