After my last chart I was able to help you get your long in at our previous bottom, Sell 1/4 of your long and have a drink on me for the money I made you! Now on to this weeks updated Encryo Analysis. Let me remind you this is not a prediction, I'm giving you all the information and technique I have been using since the start of this ride through hell. It's been a long one but this look at the market has made me A LOT more money than I even made during our ascent to 20,000. Trade right and even a bear market can be profitable. Look at all these top traders that have posted predictions of a decrease in value in only the last few days, if we looked at everyone betting on shorts in the last 2 weeks it's apparent they do not understand how EVERY factor in this market plays a major role on the valuation. I do. Right now we have started our new triangle we were looking for last week, I have extended it to show what we are looking for long term. If you do not understand my chart take a look back at last week to refresh your brain. Right now our new triangle has formed ABOVE our previous one. Let it be know that this is the first time for this since we started declining on December 16th. If that doesn't show a reversal I truly dont know what other fact i can show you to change your mind. This will result in 2 things, understand I'm TELLING YOU NOT MAKING A PREDICTION.
1. We will break INTO our new found triangle which is usually NOT GOOD. This time is a little different, volume+value is still holding to be bullish so purple shows major support. Do not jump the gun on this one, we are likely to see this momentum push us back above our purple support.
2. Where the triangle is not shaded is where it will be make or break time. It's likely to fall within these lines but it's okay, this we be another bullish buildup helping us for the next launch. I will add if we break between the two shaded triangle we are set for annihilation on our longs, so pay close attention.
If all plays out you can come back here for the next medium term analysis. until then I will be posting bi-daily updates and breakdowns of BTC valuation. Feel free to comment any questions and to leave your input, a lot of this chart is still the same from last week. Look at my last chart and it will help you out tremendously.
Please like and follow so I have more of a reason to continue making my strategy public (and so I don't feel like I'm talking to a brick walls of shorters.)
I wish you all luck and hope you enjoy your drink!!
1. We will break INTO our new found triangle which is usually NOT GOOD. This time is a little different, volume+value is still holding to be bullish so purple shows major support. Do not jump the gun on this one, we are likely to see this momentum push us back above our purple support.
2. Where the triangle is not shaded is where it will be make or break time. It's likely to fall within these lines but it's okay, this we be another bullish buildup helping us for the next launch. I will add if we break between the two shaded triangle we are set for annihilation on our longs, so pay close attention.
If all plays out you can come back here for the next medium term analysis. until then I will be posting bi-daily updates and breakdowns of BTC valuation. Feel free to comment any questions and to leave your input, a lot of this chart is still the same from last week. Look at my last chart and it will help you out tremendously.
Please like and follow so I have more of a reason to continue making my strategy public (and so I don't feel like I'm talking to a brick walls of shorters.)
I wish you all luck and hope you enjoy your drink!!