MarxBabu
Long

BITCOIN Do Not Panic Still chances there to get 10000 !!!

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Look at the price move very closely ,you would see a clear pattern forming there.

After a heavy pump from 9400 to 10900 price was gradually decreasing and creating panic among the traders.

This is part of the trading Game as we all know very well.

One who gets what is next as right he will win the race :)

As per the chart , 9600 is the first support level ,price is bit trying to move up from here.If this move is successfull we get 10075 soon.

In case the price fall happens ,still no need to panic as we have the strong support at 9300 ,price will again move up from here to level of 9800.

So in either of the case it is evident that we get price above 9800 for sure.

Leaving the panic away, look for opportunity to add position to see goo upside .Note this is just an analysis not a recommendation to buy ;Be cautious on your decision.




As per LongBuyLongSell Auto Scan Indicator has triggered fresh buy in this time frame .

with the help of LBLS indicator , i check three basic yet effective rules for Entry.

Long:

Make sure the candle color transitioned from Black to Blue / Red to Green .

The Strength-meters Here is the example of Strengthmeters with Open Pine code ,it is nothing but group of top performing indicators,Used 7 indicators to predict this.Minimum 4 or above showing in charts in the current candle or within two candles in Green Color (Red for Short).

Background Color changing from Red to Green is the added advantage.

Short:
Opposite of the Long Logic's.

In General in chart we have to see a pattern the price is moving HH for Long or LL for short.
Please study the price action techniques to understand the HHHL,LLLH for predicting the market.
This is key to success in market.

Remember :
The LBLS indicator analysis is one of the easiest methods to recognize the price moves and usually quite reliable.

In General no trade occurs the way we want it to touch 100% right. if we can predict entry 6 out of 10 correctly ,we will win the Game whatever be the indicator used.

MONEY MANAGEMENT is the secret to make money and create wealth over a period of time. Every drop count makes ocean ,Every right choice you make creates a Rich.



If you are winning an average of 60% of your trades with strict money management, you are going to win the Trading Game for Sure! Take out the emotion ,Practice disciplined trades.

with the rules of the indicator and price action ,This looks to be a good short at this point of time. Share your views in comments section.

  • Remember for right entry point
  • Remember for Stop Loss
  • Remember for partial take profit
  • Remember for closing the remaining profit

The Main Script behind the Analysis:





Follow ,Appreciate ,Like if you agree ! Related Script Links Below .
Jul 25
Comment: It touched support and and the targeted price too.
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Comments

No brainer to 100 MA
+1 Reply
Price is good

After post price..is in the screenshot
Reply
Michele1970 MarxBabu
@MarxBabu, your high! We are below 12 and 16 day MA on daily charts. Bearish as hell til we get and stay above them and all the MAs get evened out
+1 Reply
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