Long

BITCOIN: BUY

By zerocashcool

Updated

This is a STRONG BUY SIGNAL.

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This is the first time I've ever placed a margin trade. It's taken me years of study to feel comfortable doing this. This is a rock solid trade. When so many candlestick and Western technical signals line up, they're golden trades.

Buy: Market
Stop: $42,000
Limit: $40,500

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Hey really sorry. Huge mistake on the stop limit numbers.
Stop: $45,450
Limit: $44,000

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Question to me: "Are you bearish now?"

Quite the contrary due in main part to Fibonacci primarily, with the further bullish indications from other trading styles. Consider connecting the major high on the left, to the major bottom, to the most recent major high. The first up arrow shows a lower shadow on +16%, essentially at 0.618% retracement. It appears that this MACD bullish divergence has occurred between 0.382 and now rests at 0.5 with EMA 305 support, with the TD algorithm saying that the new Daily candle will represent the Daily down trend exhaustion. Nison certified trainers use RSI(3). I have been having short trading success using this in this "retail selling at loss" period. Now, RSI(3) rests atop 30, coming up from the oversold line. I have never traded with margin before, but here I have. I believe this is where the market goes up. For how long I do not know, but in keeping with Fibonacci trading, at least to 0.382 - more likely in my opinion to 0.236 - which coincides with Daily Fibonacci Pivots R1 (target 1). It is very attractive I believe.

Please see here the perspective with TD Sequential logic:

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I jumped the gun on the algorithm. So far this movement was very weak. We have to wait for the Daily to close below the low of the 8 (Sequential) now at $47,009.30 to actually print the 13. Look for the down trend to be exhausted then.

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Buy Signal:

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zerocashcool

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