Hi everyone from TV community, as I said, i'll continue doing trade analysis (TA) about bitcoin and another cryptocurrencies, until I broke or get millionaire (even if I get millionaire I'll still make analysis as reward for community hehe).
So let's talk about BTC.
This few days ago I was really believing that BTC would pass $10.000, until he found a huge resistance and step back, this made me loose a couple trades, I was entering on long positions, and I really not expected that fall on BTC, so it makes me sit on the computer, open some graphics and try to identify where was my mistake, we're humans, we loose sometimes and the deal of trade is maximize earnings and decrease losses, if u do that u might be very as successful on crypto market, cause the winnings are very high.
After bitcon entered on the uptrend channel, crossing the daily downtred channel (yellow line) the price was bouncing on BB (bolinger bands), wich give as a reversal sign, but I did not consider that on my analisys, after the fall we're looking at a bearish flag (purple lines) but I don't think that this bull flag will end up, cause btc would enter again on the downtred channel (yellow line) and the market are bullish right now, and I think that enter again into the downtrend zone will not happen, so this zone between the downtred zone (yellon line) and the price (yellow circle) it'll give us serious responses about BTC price, that in my opinion still bullish and going to find $10.000 target this next week. About the indicators.
ADX/DI - Is neutral, we've a cross down few days ago but now is stabilized
RSI - Are in a great zone to give space for BTC go up next fell days, 39 is a good point cause it have until 70 to stay going up
MACD - Also as ADX this cross has happen in a few days ago, now is also stabilized and winning some power to go up
That's it my friend, I hope that my analysis helps you to take good choices and make you win some money
If you want to stay noticed about bitcoin and other cryptos follow me and like the ideas.
Thank you and good trades
So let's talk about BTC.
This few days ago I was really believing that BTC would pass $10.000, until he found a huge resistance and step back, this made me loose a couple trades, I was entering on long positions, and I really not expected that fall on BTC, so it makes me sit on the computer, open some graphics and try to identify where was my mistake, we're humans, we loose sometimes and the deal of trade is maximize earnings and decrease losses, if u do that u might be very as successful on crypto market, cause the winnings are very high.
After bitcon entered on the uptrend channel, crossing the daily downtred channel (yellow line) the price was bouncing on BB (bolinger bands), wich give as a reversal sign, but I did not consider that on my analisys, after the fall we're looking at a bearish flag (purple lines) but I don't think that this bull flag will end up, cause btc would enter again on the downtred channel (yellow line) and the market are bullish right now, and I think that enter again into the downtrend zone will not happen, so this zone between the downtred zone (yellon line) and the price (yellow circle) it'll give us serious responses about BTC price, that in my opinion still bullish and going to find $10.000 target this next week. About the indicators.
ADX/DI - Is neutral, we've a cross down few days ago but now is stabilized
RSI - Are in a great zone to give space for BTC go up next fell days, 39 is a good point cause it have until 70 to stay going up
MACD - Also as ADX this cross has happen in a few days ago, now is also stabilized and winning some power to go up
That's it my friend, I hope that my analysis helps you to take good choices and make you win some money
If you want to stay noticed about bitcoin and other cryptos follow me and like the ideas.
Thank you and good trades