MarxBabu
Long

Story of BITCOIN !!! Heading to 10400 A LBLS unique Analysis

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hello ,

Looking at the chart of the Bitcoin XBTUSD ,what is your first feel that it will move up or down?

I just feed my technical expertise here to know what the whale is trying here in this highly volatile market. Are we along with them to make the cashing? Let us look at this more in detail using the simple parallel channel drawn in here namely A B C and the help of unique indicator support LongBuyLongSellIndicator.

https://www.tradingview.com/chart/akfpLk...


By just referring to the three parallel channel drawn ,one can easily figure out ,the price is moving in the positive direction and it is withing the channel mentioned as A B C.
This is covered the medium term A,B parallel channel now it is looking for to move to the C zone.

No need to worry about the fall and raise here...


This pattern clearly shows the next price point it will touch is 10400 .Please take it as analysis reference and use your own method for more deeper analysis.

Also..

Just did a analysis using the best my own indicator LongBuyLongSellIndicator how that is giving the signal. I could see that price has come into the positive territory and this will further move up to reach the 10400.

Please note the 10400 is a crucial zone .If this price point is sustainable for day or two ,we can expect the next move to 11200 in week of time.

Your comment ,view and feedback is much appreciated in this analysis.

Share your view in the comments below.

9925 is the good first level entry point.



"As per LongBuyLongSell Auto Scan Indicator has triggered fresh buy in this time frame .

with the help of LBLS indicator , i check three basic yet effective rules for Entry.

Long:

Make sure the candle color transitioned from Black to Blue / Red to Green .

The Strength-meters Here is the example of Strengthmeters with Open Pine code ,it is nothing but group of top performing indicators,Used 7 indicators to predict this.Minimum 4 or above showing in charts in the current candle or within two candles in Green Color (Red for Short).

Background Color changing from Red to Green is the added advantage.

Short:
Opposite of the Long Logic's.

In General in chart we have to see a pattern the price is moving HH for Long or LL for short.
Please study the price action techniques to understand the HHHL,LLLH for predicting the market.
This is key to success in market.

Remember :
The LBLS indicator analysis is one of the easiest methods to recognize the price moves and usually quite reliable.

In General no trade occurs the way we want it to touch 100% right. if we can predict entry 6 out of 10 correctly ,we will win the Game whatever be the indicator used.

MONEY MANAGEMENT is the secret to make money and create wealth over a period of time. Every drop count makes ocean ,Every right choice you make creates a Rich.



If you are winning an average of 60% of your trades with strict money management, you are going to win the Trading Game for Sure! Take out the emotion ,Practice disciplined trades.

with the rules of the indicator and price action ,This looks to be a good short at this point of time. Share your views in comments section.

  • Remember for right entry point
  • Remember for Stop Loss
  • Remember for partial take profit
  • Remember for closing the remaining profit

The Main Script behind the Analysis:





Follow ,Appreciate ,Like if you agree ! Related Script Links Below ."
Aug 01
Comment: It is still withing the channel anytime it may touch 10400..
Aug 02
Trade closed: target reached: Good reach of 10400.
ONE INDICATOR all market LongBuyLongSellIndicator&ProfitMaximizer link https://bit.ly/2DJVXDn
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Comments

Looks like the final top before a huge crash.
+1 Reply
MarxBabu supergoh
@supergoh, which point are you referring to here A or B or C?
it is going to be bullish..
Reply
supergoh MarxBabu
@MarxBabu, of course 10400.Let's see.
Reply
MarxBabu supergoh
@supergoh, got our 10400 today.
Reply
sfigus supergoh
@supergoh, What are you basing this theory on?
Reply
supergoh sfigus
@sfigus, overdue correction.
Reply
MarxBabu supergoh
@supergoh, fantastic reach.
Reply
Cool target my friend.
Reply
MarxBabu Bullandbeartrading
@Bullandbeartrading, thank you
Reply
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