According to the technicals I have set price broke and is now currently retesting the broken bearish trend line.
A rising tide lifts all boats, with central banks now pivoting on a hawkish policy we are entering the perfect environment for digital assets to outperform!
Here's a showcase of 3D wave pm today with an analysis of BTC to boot. The typical path of the retail investor is finding what appeal to authority fallacy they find most compelling, so they can be more comfortable with their false sense of control as they slowly approach their margin call. Break out of the cycle, learn how to trade with logic and a statistical...
This is a video update of what I've been looking at with bitcoin. The odds just increased that the bear market is slowly ending for Bitcoin (it's more clear with alts). On Bitfinex, if we continue up and break the triangle resistance, I can see us targeting the 4600-4700 (4550 on Bitstamp). In the video I said 4500 for Bitfinex, but forgot that I was using...
A follow up signal has finally fired to match yesterday's trade condition, I have now entered a short position.
Going through how I currently see things: Yes still bullish and won't flinch until we fall below 3450. Conviction. BE A BULL, BE A WINNER. BITCOIN WAS CREATED FOR BULLS, NO BEARS.
Please as I said in the video keep in mind that this video is for educational purposes, its very far from any type of financial advise! Feel free to comment and give me your opinion and constructive criticism. Happy trading everybody!
With the Fed falling over themselves dovish (although without actions thus far), I do expect a correction based on the chart patterns.
Quick follow up on my video idea from earlier this week. Hope you enjoy! Not financial advice. -Victor Cobra
Another take on today's daily update. Enjoy!
Bitcoin Analysis, Most Likely Scenario & Important Levels The charts:
To grasp a better understanding of the vocabulary I use here, read the write up in the related idea. Today BTC hit one of the strongest consolidation signals known. Bitcoin will trend down to the 200 MA on the 1h chart, due to a mean reversion condition being met after the previously predicted upward expansion. This is a very safe signal, ideally you want to...
Follow me on twitter and check out our exciting Youtube channel!!! Smash the Like + Follow if you found some value. Also drop a comment and tell me where you think Bitcoin and market is headed in the short-term. Also are you bullish or bearish on the market fundamentals and why? Support: 61.8% at 3,920 then $3,620 to $3,800 Resistance: $4,000...
I know I said I wasn't going to post until Monday, but I wanted to get this out there now because we're at a major decision point for the market. This gives an idea of what I'm expecting for Bitcoin. Doesn't have to play out this way, but I'm interested nonetheless :) Hope you enjoy. I probably won't be posting any new charts this week since I have to take care...
Tradingview can be a madhouse of dubious traders changing their minds by the hour. As a reserve asset, Bitcoin will behave in tandem with precious metals and to some degree like treasuries. For now, we have the perfect environment to rally, to what degree? Time will tell!
In this video I go over weekly trends on $BTCUSD $ETHUSD $NEOBTC $QSPBTC $GASBTC $MCOBTC $ADABTC $ZENBTC $TNBBTC $WPRBTC $REQBTC and $WABIBTC Weekly Trend turning bullish watchout bears ;) Hope everyone enjoyed checkout more of my charts & videos below :D