SPARTAN VIETNAM - BITCOIN BY SPARTAN VIEW
Updated
Dear traders,
My trading system is Spartan, and this chart was drawn and analsysed by Spartan Setup 1-2-3.
In Daily chart, Bitcoin is still ranging right now, maybe at the end of angle accumulation. EMA 12 and EMA 36 is not clearly trend. My view is neutral at the moment.
EMA 200 crossed over EMA 633 and I guess that Bitcoin is going up in the future (sorry my account is free, so I can not insert more than 3 indicators). Combination with fundamental analsys, such as crisis or
political instability, the cash flow of whole world investors will transfer to Gold and Crypto. My idea considered that Bitcoin is the best second choice for shelter properties, after Gold.
Two plans is in my mind:
(*) - Firstly, smart traders (maybe bank or people who drive the market/ or the economy of the world) need to accumulate the large number of goods (exactly Bitcoin in this topic here) to hold. When they purchase sufficiently, the powerful bullish trend is coming.
(*) - Secondly, in order to prepare for strong movement, I mean Bullish one, they will create a false-breakout for Bear trader to collect enough coins. It seems look like Songoku need sufficiently energy for destroying Frieza. Because I see that the $8,788 is strong support level right now. And I will observe carefully price action signal there.
Now, I am neutral point of view and stand out the market. I will get in when Bitcoin has a strong movement.
S.K
Spartan Forex Vietnam.
My trading system is Spartan, and this chart was drawn and analsysed by Spartan Setup 1-2-3.
In Daily chart, Bitcoin is still ranging right now, maybe at the end of angle accumulation. EMA 12 and EMA 36 is not clearly trend. My view is neutral at the moment.
EMA 200 crossed over EMA 633 and I guess that Bitcoin is going up in the future (sorry my account is free, so I can not insert more than 3 indicators). Combination with fundamental analsys, such as crisis or
political instability, the cash flow of whole world investors will transfer to Gold and Crypto. My idea considered that Bitcoin is the best second choice for shelter properties, after Gold.
Two plans is in my mind:
(*) - Firstly, smart traders (maybe bank or people who drive the market/ or the economy of the world) need to accumulate the large number of goods (exactly Bitcoin in this topic here) to hold. When they purchase sufficiently, the powerful bullish trend is coming.
(*) - Secondly, in order to prepare for strong movement, I mean Bullish one, they will create a false-breakout for Bear trader to collect enough coins. It seems look like Songoku need sufficiently energy for destroying Frieza. Because I see that the $8,788 is strong support level right now. And I will observe carefully price action signal there.
Now, I am neutral point of view and stand out the market. I will get in when Bitcoin has a strong movement.
S.K
Spartan Forex Vietnam.
Note
If price follows first plan, I need a strong bullish breakout and then, I will switch lower time-frame to find the best entry, maybe H4 or H1 timeframe. If the second plan is happened, I will patiently observe reaction of price at EMA 200 and strong support 8,788 level. Two small cases is here.
Case 1: Price will spike and bounce in EMA 200, we will look for buy scenarios followed by Setup 1-2-3.
Case 2: Price falls strongly EMA200 and key support, sell scenarios need to be prioritized.
S.K
Spartan Forex Vietnam.
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