If you followed my last 2 videos, I mentioned that that green zone under $7400 would be a good long, that most people were too bearish and putting too much emphasis on being below the 200 DSMA. Also, explained why time/cycle analysis showed this to be a good time to buy. Also, when bitcoin turns, it becomes a fast moving train that has a tendency to leave...
Compression can make for good, unexciting trading.
Today I go over the compression range of btc, while taking a peak at the trends of xrp, link, and zrx.
Yeah, definitely not exciting today. Sitting back and catching swing lows.
BTC has entered a bullish mean reversion condition
Conflicting signals today.
Well defined pivots for trend are, well, well defined. Once we see a break we should have a good idea on what's next for btc.
Great opportunity for high profit ratio shorts and longs coming up shortly.
An excellent, well defined chart today. If you find these indicators interesting, please follow any of the links below.
We have a nice mean reversion pivot defined for a bullish condition, though it's still far away. Trend is still defined as down until then.
The compression range holds, for now.
All in all, not a very good chart for trading despite its clarity. I'd avoid any hefty positions for the time being
Today we go over the relevant pivots for trend using the ACAT indicator.
liquidity is tight, be careful and don't overleverage