Bulls Showing early Signals! Load UP!
Updated
Hello friends, I have a 2 minute update you gotta read otherwise you will be thinking why didn’t I click Cash Is Kings post and I would of been fine.
Lets get right into it we have no time to waste, I will keep this short and simple and straight to the point.
BTC doesn’t need a guru analyst to pick over the past couple of weeks that we have been going down and were continuing down, the only people that called bulls were the guys wanting some publicity.
Here is a very interesting analysis on BTC though as we are declining the RSI is losing all momentum and is trending down where the A/D is trending up and building pressure….
This accumulation is a great indication of the bounce that will come, obviously what we will see next when we get closer to the buy zone is we should see signs of a bullish divergence on the RSI, I believe the bounce will happen very very quick taking into consideration the current accumulation and should be back to the 9K within 24-48 hours.
Please take close note of the chart on the past 6K drop we were losing volume massively, this time we are accumulating volume in mass portions, the buying is far stronger then the selling.
In the past you will notice the touch down of 6K took us back to 9K within 3 days I would expect this current touch to take no longer then 48 hours, thats if we make it to 6K before the turn.
For everyone shorting BTC I have opened the buy zone in a range and I personally will be reloading and buying more, and I will be doing this at the higher end of range any number starting with 6 will be a GREAT buy. PLEASE watch BTC as we may bounce before the range and see lift off I will update this thread. We expect to see a pullback now then continue down but the pullback also might be quite powerful, it might be worth buying some now before the zone.
You will see my last post I did list that the change of trend may take until 7th of May and this is still active as when we do bounce back we still need to break the old trend line before we are back in action and see long term upward movement.
Currently though we are getting very good signals for BTC turn and I will be buying as much as I can in the reload zone as I see it to potentially be a 40% bounce all within 24 hours.
Please see the chart below of past 6K drop and take note of the difference in indicators from the above.
tradingview.com/chart/4FCgWZVu/
Don't forget with this bounce don't only buy more BTC, buy loads more alts and catch there bounce.... the harder we fall the higher we will fly......
Cash Is King!
Lets get right into it we have no time to waste, I will keep this short and simple and straight to the point.
BTC doesn’t need a guru analyst to pick over the past couple of weeks that we have been going down and were continuing down, the only people that called bulls were the guys wanting some publicity.
Here is a very interesting analysis on BTC though as we are declining the RSI is losing all momentum and is trending down where the A/D is trending up and building pressure….
This accumulation is a great indication of the bounce that will come, obviously what we will see next when we get closer to the buy zone is we should see signs of a bullish divergence on the RSI, I believe the bounce will happen very very quick taking into consideration the current accumulation and should be back to the 9K within 24-48 hours.
Please take close note of the chart on the past 6K drop we were losing volume massively, this time we are accumulating volume in mass portions, the buying is far stronger then the selling.
In the past you will notice the touch down of 6K took us back to 9K within 3 days I would expect this current touch to take no longer then 48 hours, thats if we make it to 6K before the turn.
For everyone shorting BTC I have opened the buy zone in a range and I personally will be reloading and buying more, and I will be doing this at the higher end of range any number starting with 6 will be a GREAT buy. PLEASE watch BTC as we may bounce before the range and see lift off I will update this thread. We expect to see a pullback now then continue down but the pullback also might be quite powerful, it might be worth buying some now before the zone.
You will see my last post I did list that the change of trend may take until 7th of May and this is still active as when we do bounce back we still need to break the old trend line before we are back in action and see long term upward movement.
Currently though we are getting very good signals for BTC turn and I will be buying as much as I can in the reload zone as I see it to potentially be a 40% bounce all within 24 hours.
Please see the chart below of past 6K drop and take note of the difference in indicators from the above.
tradingview.com/chart/4FCgWZVu/
Don't forget with this bounce don't only buy more BTC, buy loads more alts and catch there bounce.... the harder we fall the higher we will fly......
Cash Is King!
Note
For some reason the chart hasn't seemed to work on the link...below is the comparison chart.
Note
BTC has broken through its wedge here, I am going to do another post on BTC in around 10 hoursNote
For BTC traders here you will see I had predicted we were going to see a pullback then continue down, for those if you that bought BTC good work.....For those of you that have sold again even better.
As mentioned above we would see a pullback and then continue down so lets enjoy the ride.
Cash Is King!
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