Amazing to see bitcoin go up 40%+ in less than 24 hours. With it not closing above 10K, it leave plenty of room under this newly found resistance. On a lower timeframe, we had a cup & handle that failed to break out. What is needed is to stay above the 200 day MA long enough until the 15 & 50 day MAs are above it, which is fine. I expect a possible cool off down...
Yeah, so basically take a look. This is meant to document my notes, but I'll answer any questions.
When we close in, ride wave down or up with appropriate stop losses. We can discuss.
It is very clear that we are supported here. In other charts we looked at volume bell curve. mostly people bought around median at $7K. I'm buying all the way down. We're clearly above MA longterm and trend is reversed. We are over long term trend.
If this week closes above the monthly green trend line - I'm going in with my pension XD
Look, we just hit monthly resistance (green) and as long as we stay above monthly support (red) I will remain bullish. Don't need much more than that to see the rest as confirmation. I just reaaaally hope we crash beneath it long enough for me to accumulate more. I started serious accumulation and not just playing around in mid-2017. Since then I made a serious...
We're at the finish line for skeptics. We've stayed well above the 50 day MA and closed nicely on the weekly. Happy Monday. Are we overbought? On what time frame? How does MACD look? Where are we on Fibonacci retrace from $13.8K? So, yeah - I'm feeling salty because I wasn't buying BTC with everything I have - but that's a part of Risk management. On the bright...
Forming a similar triangle in the past, we went to capitulate. If a major green candle pops up, I'm bullish moving forward. Otherwise, I'm buying real real low with the cash I have left :)
We've retraced 30% in 18 days. Bitcoin-BTFD time? I think SO! :| You can see where we are hitting so many levels of support. I've been told this could be a setup for a massive inverted H&S. I can see it. But I'm focused more on Moving Averages and Trend Lines. I do consider H&S, C&H, along with classical indicators like RSI & MACD. It worsts more often than not...
Buying Opportunity for No-coiners or Stop-losses for heavy-coiners at Support Levels going from $9,100 down to $7,700.
If, and Only IF?, the price shoots up to reach the moving averages crossing, then death cross spiral downwards. That'd be great for people that missed better buying opportunities. Horrible for anyone wanting to take profit. Let's see.
This isn't meant to be more than a test publication
Short term, seems short- Ranging between Fib lines (thick colored) and trending down on the daily, however still holding above he 50 day MA - 4 hour crossed below 125&200MA but right on the 50 MA for both 4 hour & 1D. We are right on the money with the downward trend since the end of June (28/29). Mid term -On the daily it looks like the appetite is toward the 8K...