Secret of Bitcoin Trading Phases Exposed!!!!!!!!
Updated
Hi guys,
This chart talk about basic market cycle in respect to the BTC chart. From the chart it can be deduced that we has the following phases that make up of market cycle:
Lamboo Phase(Big Guys Zone): Real market growth
Recovery Phase(Accumulation Zone): This phase bring basics hope to the market)
Correction Phase(After the market growth hit stronghold level this phase kicks in for possible balancing between the buyer and sellers.)
From the charts each phase is shown with their unique colors.
Lamboo Phase comprises of 20 Bars where each Bar represent 2weeks Candle and this lasted for approximately 280days.
Recovery phase has 40Bars which lasted for approximately 560days.
While we have the last phase which is for correction and is usually the longest phase among all which comprises of 45Bars with approximately 630days.
Let now talk on this cycle implication on the current market, as we all can see we are still very much in CORRECTION PHASE and presently out of possible 45Bars we already achieved 36Bars which mean we still has about 9Bars more to go which should lasted for approximately 140days more.
What to expect?
Since we have 140days more for these present cycle to complete its correction, then we can expect a potential re-test on 32xx$ or a possible new level that will create a BTC new low.
What to do?
Right now the best action will be to always buy and sell within the trading range and all this should be with tight stop loss, till we are out of correction zone. This is not the time for Long term investment.
Thanks for reading my market view. If you find it interesting kindly appreciate my effort with your likes.
This chart talk about basic market cycle in respect to the BTC chart. From the chart it can be deduced that we has the following phases that make up of market cycle:
Lamboo Phase(Big Guys Zone): Real market growth
Recovery Phase(Accumulation Zone): This phase bring basics hope to the market)
Correction Phase(After the market growth hit stronghold level this phase kicks in for possible balancing between the buyer and sellers.)
From the charts each phase is shown with their unique colors.
Lamboo Phase comprises of 20 Bars where each Bar represent 2weeks Candle and this lasted for approximately 280days.
Recovery phase has 40Bars which lasted for approximately 560days.
While we have the last phase which is for correction and is usually the longest phase among all which comprises of 45Bars with approximately 630days.
Let now talk on this cycle implication on the current market, as we all can see we are still very much in CORRECTION PHASE and presently out of possible 45Bars we already achieved 36Bars which mean we still has about 9Bars more to go which should lasted for approximately 140days more.
What to expect?
Since we have 140days more for these present cycle to complete its correction, then we can expect a potential re-test on 32xx$ or a possible new level that will create a BTC new low.
What to do?
Right now the best action will be to always buy and sell within the trading range and all this should be with tight stop loss, till we are out of correction zone. This is not the time for Long term investment.
Thanks for reading my market view. If you find it interesting kindly appreciate my effort with your likes.
Trade active
Hey guys do have a look on some of my long term analysis on BTC. They are still pretty on the mark.Inside this analysis i compared 2014/2015 Bitcoin price movement with the present market and it seems so far to be perfect matched.
Here, I pinpointed at potential Bullish Flag on BTC where we completed wave ABC and wave D almost complete with this upside moves before market go for next wave at wave E where we should have our potential bottom.
In this analysis a wide downtrend channel was identified where price is trading for possible correction and the last leg should leads to the expected bottom
Trade active
Looking what happen at the last downtrend rally it can be decuded that the rally ended with possible mini channel of wave abcde and right now we are about to have some sort of same channel.I will advice us to keep an eyes on it.
Trade active
Hello guys do have a glipse on my next long term analysis on BTC. I believe this should happen if all goes as the chart present itself.Trade active
Here come the must watch long term BTC view guys. Check it out and do remember to drop your likes,
Trade active
Here we go guys, some of my followers are asking about my present BTC view, this is the pattern am watching closely now. If BTC still holding it I will hope for the drop but if break above then that will likely lead us to the last leg up towards 57xxNote
Trade active
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