#BTC # 4H #CMEIn a closed chat, gave a recommendation to buy from the $ 10,150 zone (already 5.62% profit at the moment from the entry point)
Why they bought: rebound from a strong level of $ 10,000
I think we are going to block the top gap.
Need to see what the reaction will be near the level of $ 11,000
Bitcoinlongtermanalysis
Fail Proof Bitcoin HODLSo people have been asking, "Should we sell?" My answer is "HELL NO!" Look, I trade nearly full-time. I also have a part-time job at a coffee shop and I take college courses. I do enjoy trying to increase my BTC holdings where I can. I use Bitmex a couple times a month shorting and longing on 10x and 15x (rarely 100x, usually with 10k on 100x for a 2-5% gain then I close ***on rare occasions***) I do very well. However, for most of you guys n gals out there, here is my suggestion for you. I posted this info in a past post, but I didn't show the chart I was referring to... Well, here it is. BTC on the ALL chart shows the number one method I use to sell all my BTC for an incoming bear market. Just follow the RSI. Every Bull Cycle thus far ended the same way. It double tops on the RSI between 92-96.8... That is my fail-proof method for all you people out there. If you aren't a full time trader, just buy BTC and hodl for this RSI double top. You're welcome... ALso, if you are waiting on a alt-coin season to truly blast off... My opinion is, it won;t happen until BTC reaches it's old ATH again. Perhaps if this market is going parabolic like 2013, it may be sooner than I am thinking, but it could happen before the end of this year. Just HODL my fellow crypto kangz!
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(Psychology) Is it possible to buy the real BITCOIN bottom? How?In crypto just like in any other market it is very difficult to buy exactly at the bottom, which would enable us extracting the biggest profits possible in a trend reversal. Less than 1% of people in these markets can achieve this feat.
It is a question that has much connection with the functioning of the human mind and especially the less experienced traders have many difficulties in having a psychological control over their operations.
I'll leave you in related ideas, 2 long-term reviews that leave good expectations of being very close to the bottom before the next bull run, you can check by clicking on these analyzes to better understand what information is extracted from the charts.
Returning to talk about this post...
The human brain is very complex and even if you have a perspective that we are very close to the bottom, probably your mind will "cheat" you and try to make you buy below, always! With each fall in price, our mind tends to block our previous idea and make us wait for a new fall, where we would buy with better price. But at some point the price will stop falling, the trend will reverse and you will continue "sucking finger" and wailing for not having bought where you should. Then when you regain confidence and your mind lets you buy, the price will probably be far from the best purchase you could have made.
The point now is to play against your mind and make it work in your favor, changing that concept of wanting to buy at the lowest possible value, rather making staggered purchases that will allow you to have a much more adequate average price than any purchase in an attempt to hit a real bottom. In addition your mind will lessen the pressure on such an important operation as your buy orders are being reached your mind is becoming more relieved by being partially positioned! Of course, it is necessary to know how to identify graphically where a possible reversal is beginning, it is no use having psychological control and buying at a random point of the chart, but in this post I am only addressing the psychological part (You can see graphical analysis in related ideas).
In the financial market there is a well-known strategy, the dollar-cost averaging (DCA), and is using that + 2 other strategies that we will be able to carry out a successful "buying the bottom" operation in a reversal zone.
This is an introductory/psychology focused post and the next one with the technical details to buy bitcoin looking to long-term will be done when this post reaches 100 likes.
I am counting on your help to reach this mark and then I will bring an incredible post with a DCA allied with two other strategies that will allow us to buy bitcoin at an incredible price thinking in the long run.
God bless!
Please hit LIKE and FOLLOW me!
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Pure moving AVG analysis in bitcoin (1W) -- THE BOTTOM IS HERE!Hello everyone, first of all I would like to ask your LIKE and ask you to FOLLOW me to receive the notifications of my reviews here at tradingview!
I always try to bring quality content and different analyzes (you can see others in the related ideas below this post), with looks that deviate from the standards to demonstrate the various possibilities that technical analysis offers us.
So your support and your audience is very important to me and encourages me to continue with this work!
Lets go to what matters!
This analysis only takes into account three factors: Price, moving averages and time.
The 200MA in the weekly chart only starts in May 2014 so I used the 100MA and it also brings us very relevant information!
It's a comparison between the periods from 2013 to 2016 and the current period between 2017 and 2020. And this kind of information really makes me believe that we're already at the bottom before the next bull run, or very close to it.
You can see many similarities both in price movement and moving averages, you can check each of them in the text boxes included in the two charts.
In the left chart we have all price movements already performed in 2013-2016, in the right chart that corresponds to 2017-2020 we have a forecast from the vertical pink line where it was projected a possible price movement based on fractals and the same was done with moving averages.
In my view, all the information shown is very relevant and as the greatest scholars and thinkers of technical analysis cite, one of the main assumptions is "History repeats itself" and I have designed this idea based on that.
I sincerely hope you have enjoyed it and can somehow contribute to your training as a trader.
IF THIS POST REACHES 100 LIKES I'LL BRING YOU AN EVEN MORE COMPLETE LONG-TERM REVIEW, ELABORATED WITH OTHER INDICATORS AND DETAILS!
Many thanks to all my dear followers.
God Bless!
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XBT/USD Summary for End Week 4 - 2019Is there any hope for a rise in the price of Bitcoin?
Well imo technically there may well be. In the short term I wouldn't be surprised to see a retest of the 3145 low area, however if price doesn't go lower and can break current support at 3518, then an attempt at 6000 and above may well be on the cards. But of course, and as can be seen we have a significant barrier of historic resistance at 6153 which may take some getting through. Ultimately and as hinted at by the Kumo (red) cloud, a longterm base of 8000 may be achievable if all goes well.
The technical analysis can be supported by the recent weakening of the US Dollar. Any weakness here should see Bitcoin move higher. That's quite possible if the trade spat with China is resolved quickly and China gets a grip on its own growth problems. A dovish Fed will also help with downward pressure on the USD
WAIT FOR NOW
BITCOIN BITCOIN BITCOIN ! SATOSHI NAKAMATO VISIONNO NEED TO EXPLANATION FOR THE TARGET. HISTORY WILL SHOW . AS THE TIME PASS THIS CHART WILL FOLLOW THE PATH TO $100,000
I ALREADY POST MY BTC TARGET AT $2500 FOR THE MOST WORST CASE IN MAY 2018. 3700 WAS MY ACCUMULATION ZONE.
:) :) NO HOPIUM / DIGITAL WORLD / BLOCKCHAIN
Potential good price to buy Bitcoin again.Bitcoin is showing a strong technical setup giving us signals that it is near some support levels.
Watch price action carefully when price reaches the 7.000 area.
What might potentially happen:
- Not respecting the level and goes further towards 5.000 zone
- Respect the level and bounce back towards the 10.000 zone