Lets look at Macro then Micro trends.
There is a descending triangle, which we can all clearly see. Multiple downward channels almost in algorithmic fashion, spaced and precision sized.
Then we clearly see the RSI Warning us on a very clear (YET EARLY) pattern in a the waves of these selloffs.
We also see the highs are not getting as high.
Now, This is normally bearish, but I believe its because we are losing loads of small investors who have lost their "means or appetite" to go bullish. We know this is manipulated as we clearly see the patterns on 3 time-frames and clear signals almost to obvious to be natural. Stochastic(RSI) Clear as day with descent forewarning
The trade:
Date-range Buy trade for +-3 Months. Opened 4 Trades 6300
Here you can long Bitcoin for a Target 7700. Stop-loss 6000
That may or may not reverse to the 6000 level, So you would want to take some profit before the 7700, then enter a short for the 6000 level AS WELL ASS a long with no Take profit for me. This is a date-range trade for +-3 Months, both with tight stop-loss of lets say 300 Dollars.
I look at a huge Bearish Triangle, coins were not sold gradually, but we're offered for sale on the market in big batches on one or two exchanges. This to me seems really likely a sustained effort to drive the market Rookies to quit and to shake off the inexperienced guppies.
We also now need to start looking at Bitcoin "IN RELATION" to $USD value. It's acting more like the Euro and We are expecting Euro to strengthen to 1.16 somewhere. That's my take on which direction to expect from Bitcoin and I'm getting in on the Long in harmony with EURUSD.
Let me know your thoughts.
PS, expecting Massive breakout +- 15 Days max to start the Bitcoin Season.
I'm convinced the breakouts will come in the Asian Market trading times.
There is a descending triangle, which we can all clearly see. Multiple downward channels almost in algorithmic fashion, spaced and precision sized.
Then we clearly see the RSI Warning us on a very clear (YET EARLY) pattern in a the waves of these selloffs.
We also see the highs are not getting as high.
Now, This is normally bearish, but I believe its because we are losing loads of small investors who have lost their "means or appetite" to go bullish. We know this is manipulated as we clearly see the patterns on 3 time-frames and clear signals almost to obvious to be natural. Stochastic(RSI) Clear as day with descent forewarning
The trade:
Date-range Buy trade for +-3 Months. Opened 4 Trades 6300
Here you can long Bitcoin for a Target 7700. Stop-loss 6000
That may or may not reverse to the 6000 level, So you would want to take some profit before the 7700, then enter a short for the 6000 level AS WELL ASS a long with no Take profit for me. This is a date-range trade for +-3 Months, both with tight stop-loss of lets say 300 Dollars.
I look at a huge Bearish Triangle, coins were not sold gradually, but we're offered for sale on the market in big batches on one or two exchanges. This to me seems really likely a sustained effort to drive the market Rookies to quit and to shake off the inexperienced guppies.
We also now need to start looking at Bitcoin "IN RELATION" to $USD value. It's acting more like the Euro and We are expecting Euro to strengthen to 1.16 somewhere. That's my take on which direction to expect from Bitcoin and I'm getting in on the Long in harmony with EURUSD.
Let me know your thoughts.
PS, expecting Massive breakout +- 15 Days max to start the Bitcoin Season.
I'm convinced the breakouts will come in the Asian Market trading times.