BTC Prj. 2019, P03E01, A new start ;)
Updated
Let me start of by saying I hope you got unscathed from the 15% dump. It was cruel move, hence why its important to place stop limits (update regularly) especially when we make parabolic climbs.
Some background information as to explain this forecast:
> Lessons learnt from the Nov. 2017 BTC up trend, where a major correction took place (23
Reference for Nov. 2017 24% dump
> This dump was 15% (~$2,100)
> The current pattern looks similar to the Nov. dump, refer to the 2HRLY Charts
> Moving averages will determine when to go in, I like the 2 HRLY charts
> Assumption of a falling wedge is taking place, like in Nov 2107
I'm not going to go into specific details as I want to make this short, as this from a high level should be sufficient.
Some background information as to explain this forecast:
> Lessons learnt from the Nov. 2017 BTC up trend, where a major correction took place (23
Reference for Nov. 2017 24% dump
> This dump was 15% (~$2,100)
> The current pattern looks similar to the Nov. dump, refer to the 2HRLY Charts
> Moving averages will determine when to go in, I like the 2 HRLY charts
> Assumption of a falling wedge is taking place, like in Nov 2107
I'm not going to go into specific details as I want to make this short, as this from a high level should be sufficient.
Note
Ran out of time to save some workings.> Moving averages will help\assist in determining when to go in. I like the 2 HRLY charts.
> The MACD and RSI on the 2 HRLY will be required to assist if the entry level looks right.
> One should also keep an eye out on the volume spike which will indicate many are also interested at this level (I have chosen the 0.786).
It really comes to experience, by having a plan and then executing it while referencing these key indicators.
Note
Note
Note
Progress update. Next collect profit at 21 EMA.Note
2 Whales fighting it out and now the charts are useless. Over the past 3 hours I have watched this battle at the 12500, 12400, 12300, 1200 and now the 12000 line with Binance, which racked up so far, 2,043,597,380 BTC in volume in 24 hours.Order cancelled
I believe a forced H&S play.
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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