Enslaveyourcapital

Enslaveyourcapital

Hi Followers, A lot of analysts are becoming a little bit bullish and I can totally understand why. The 4 hour chart is starting to look good and if btc can hold these price levels we can expect btc to test the higher resistance area's like i described in my previous Idea. However when i'm looking at the monthly LOG chart i can see that we actually didn't...

Enslaveyourcapital

Looking at the 4 hour chart you can see that bitcoin broke out of the bearish trend channel. Although it is a breakout, the volume is a little bit on the low side so this could be considered as a uncertain breakout. The same thing could happen as happend with the previous breakout. So we don't want to see btc go back into that grey channel. That would be very...

Enslaveyourcapital

Hi friends! I'm looking at the 4hour chart and It's still possible that BTC will form a head and shoulders pattern but it should hold that blue line. If btc doesn't hold that blue line the next target will be the black support line. If bitcoin drops below that black line it's quite possible that we will test the previous low. If btc holds the previous low we...

Enslaveyourcapital Updated 

This is it... When looking at the 4 hour chart I can only see 1 thing and that's; the moment of truth. Bitcoin will either resume it's downtrend or it will break out of this bearish trend channel to challenge the 12.5k resistance area. As you can see btc formed a bearish head and shoulder pattern which has almost reached it target. If btc reaches that point it...

Enslaveyourcapital Updated 

Looking at the 4 hour chart it seems like the bulls have taken control. The question is; for how long? Is this a bull trap or has the momentum really shifted? Bitcoin is still trading within the grey bearish trend channel so unless btc breaks out of that channel, we can't confirm a change in the long term trend. Especially not since bitcoin hasn't broken the...

Enslaveyourcapital

Read part 1 here This part is more about market sentiment and potential threats to this market. Nobody needs to tell you that the market sentiment sucks at the moment. I'm not talking about the relatively small group of people who actually know why they are buying bitcoin and believe in it. I'm talking about the people who don't know what they are doing and...

Enslaveyourcapital

Hi, Looking at the daily bitcoin chart you can see that bitcoin dropped below 8000 but couldn't close below it. It looks like the price of bitcoin stopped dropping and has found some ground to stand on. Why at this level you might ask? Because of multiple reasons. 1. Look at the black trend line that has functioned as resistance before the big run up. Bitcoin...

Enslaveyourcapital

I am not a financial advisor. Nothing that I write is financial advice. Trade on your own risk. Hi, We are looking at the 4hour chart of bitcoin. The red trend channel you see is the ''big'' trend channel and the black trend channel is the smaller one. The first task of bitcoin is to stay above the lower black trend line and break above the upper black trend...

Enslaveyourcapital

I'm not a financial advisor. Nothing that I write is financial advise. Trade on your own risk. This is the moment of truth for bitcoin. Will bitcoin resume it's uptrend or will it continue to go lower? We are looking at the daily chart and I've drawn a couple of bearish and bullish area's. These area's consist of support and resistance lines and bearish and...

Enslaveyourcapital

* I'm not a financial advisor. Nothing that I write is financial advise. Trade on your own risk. Hi, Let me start by the following: 1. You are looking at the weekly bitcoin chart. 2. I'm analysing bitcoin based upon technical analysis. 3. Obviously I don't know the future and technical analyses is only a tool, it does not guarantee anything. Having said...

Enslaveyourcapital

* I'm not a financial advisor. Nothing that I write is financial advise. Trade on your own risk. This message is for swing/long term traders, not day traders which have no overnight holdings. So let me start by saying that people are calling bitcoin a bubble since the beginning of bitcoin but is it? Is bitcoin a bubble? And if it is, how long will this bubble...

Enslaveyourcapital

* I am not an financial advisor. Nothing that I write is financial advice. Trade on your own risk. When you look at this monthly BTC chart, what do you see? 1. 1 big and very long move to the upside which lasted a few months 2. 1 big correction which is taking much longer than the average ''short term'' corrections that bitcoin has experienced. This leads me...