Bitcoin To The Moon Pt. 2! Bullish Engulfing...The title says it all, let's take a look at the details:
"A bullish engulfing pattern occurs in the candlestick chart of a security/asset/coin when a large white/green candlestick fully engulfs the smaller black/red candlestick from the period before. This pattern usually occurs during a down trend and is thought to signal the beginning of a bullish trend "
Bitcoin bears tried to breakdown the ~$5800 price level many times but with no success. Afterwards, we got this bullish engulfing candlestick formation, which is a bullish signal. We also have very strong bullish divergence on the MACD as well as a bullish crossover.
I will be sharing more details soon, but expect some additional positive movement from Bitcoin in the days to follow.
My "ideas" are always based on the long term view of Bitcoin, as I don't mind the short term and I am called the Eternal Bitcoin Bull... Because I love Bitcoin. :)
Thanks a lot for reading, and expect more from me very soon.
Please like, share, follow and comment.
With lots of love... I LOVE YOU...
Alan Masters!
Namaste.
Bittrex
Blocknet (BLOCK) Short Term Retrace SignalsBlocknet (BLOCK), one of the coins that we started to trade back in early April, is gaining strength and moving up. But as we know, each time a top/peak is reached, there is a retrace in price, followed by consolidation before a coin continue its climb up.
BLOCK has been doing good the past few days, but the time for the retrace has come.
Here are a few signals that can tell you of a coming retrace:
- TD Sequential indicator.
- Large sticks on top of the candles.
- Upper range of the bollinger bands.
- Several resistance levels broken.
- MACD starting to curve, already curving in shorter time frames, which can confirm these signals.
These signals are "short" term, they will change in a few hours and new signals will develop.
But these signals above can tell you of a coming retrace.
I hope that this information was helpful.
I wish to receive your likes, shares and follows.
I appreciate your time, once more today.
Thanks a lot for reading...
You are SPECIAL!
REMEMBER THAT ALWAYS YOU DESERVE THE BEST!
Namaste.
RISEBTCAs you can see this is a 4hr chart with a Moving Average strategy custom script. I find that altcoins tend to have rather long and drawn out market cycles so I decided to customize this script to trade off the 4hr chart. One key element that makes the backtesting turn out heavily in my favor is the trailing stop setting that is very unique to this particular script. if you would like to gain access into to using these scripts with customizable settings avaiable for any pair you like. Then I highly suggest you head on over to Shareview or check us out on discord and learn more about pine editor and how to run scripts inside of trading view. Discord link- discord.gg
Dash Btc BittrexJust want to share this strategy and give a huge shout out to Sharview for this awesome script. If you guy/gals are down to learn and want exclusive access to awesome scripts I highly suggest you swing on over to Shareview discord discord.gg where anything other than excellence is not an option nor a matter of discussion. Good luck to all with there dips and flips.