Andrewbtc

Andrewbtc

crude oil looks bad

Andrewbtc

100% chance bitcoin will go up or down in the next year! lets bet. BEST ANALYSIS EVER!

Andrewbtc

200 EMA (PURPLE) AND THE 50 MA (GREEN) CROSS IS THE GOLDEN AND OR DEATH CROSS ON DAILY. WILL BTC SPOT FOLLOW?? WE HAVE A GOLDEN CROSS ON THE 12 HR ON SPOT WHICH HAS A GOOD HISTORY OF CALLING LARGE MOVES TO THE UPSIDE AND DOWNSIDE. BUT THE DAILY GOLDEN AND DEATH CROSS IS EVEN BETTER, BACK TEST FOR YOURSELF AND SEE..

Andrewbtc Updated 

the fact that we closed above the 21ema on the monthly gives me some hope for some upward price action.. come on btc we have faith in you!

Andrewbtc Updated 

or the 200 ma on the 4hr. both are confluent. here are the ideas i posted earlier so you can follow along. twitter.com twitter.com

Andrewbtc

I've back tested it for you. 200 ema and 200 ma cross. works well to catch a trending move. does not get the absolute top or bottom bot it helps. don't ever trade anything blindly. if you have any questions feel free to message me.

Andrewbtc

the link to the origonal post is below so you know im not lying

Andrewbtc Updated 

The 61.8 fib is a major support and target to the downside.. the measured move off of the past 3 month consolidation points is to $7200 range as well. this would be the best case scenario for bitcoin, If we break 7200 and close daily candles below i would say get ready for a prolonged bear market.. At the moment i am short, looking to take profit at 7200 range...

Andrewbtc

let me know your thoughts. its going to be a big move either way. if interest rates are lowered tomorrow i believe we rally upward.. otherwise i think we will see some sort of downward action. total formation is not broken until we break 9800 or 9400 area to be safe. or safu lol.. as far as the upside goes I don't believe we are in the clear until we break the...

Andrewbtc

Let me know if you guys think this holds weight. what this would indicate is if we get a confirmed cross of the 377ema and the 200ma on the daily we will see price continue to go up over the next year or so.. you have to use blx to get the full history of bitcoin in order for the moving averages to work. its only happened a few times in btc history so we cant...

Andrewbtc

The correlation of GOLD & BITCOIN are amazingly high. you can verify this using the "correlation coefficient" on the daily and 4hr. not that you need an indicator to see that they are following each other.. How long will this go on for? Also who is leading? Time will tell.. Keep an eye on this guys . If one moves a large amount before the other it might be a...

Andrewbtc Updated 

prediction, based off of major support and resistance trend lines . and fibs. this is for mental masturbation only. i do not trade off of trend line unless confluent with other indicators.

Andrewbtc

prediction, based off of major support and resistance trend lines . and fibs. this is for mental masturbation only. i DO NOT trade off of trend line unless confluent with other indicators.

Andrewbtc

4hr death cross confirmed.

Andrewbtc

the bulls have been fighting to avoid this death cross of the purple 200 ema and the green 50 ema on the 4 hour. if back tested you will see major plays to the downside if we confirm a cross. we can go either way. let me know your thoughts. (I took off all my other moving avg. except for these two. PURPLE 200 EMA GREEN 50 EMA

Andrewbtc

just extended the support trend line on the 4hr to the left on settings. backed out to the weekly, what a pretty picture