Bitcoin: Where to buy and sell. A guide for getting rich quick.
Updated
Just kidding. Not a guide for getting rich quick but maybe getting rich slowly.
Picking up from my last post. The 1Hr double resistance line has now been broken and we are now trading in the 1Hr sell zone. New 1Hr buy zone and support line.
The daily is most interesting. The MA death cross and MA are acting as resistance. Also not the sell zone. I'd use some caution buying what looks to be a break of the MA as the sell zone could send it right back.
The daily may be creating a somewhat horizontal channel. Just something to watch. If it continues to play out we my find ourselves slowly grinding up in this range for some time. Watch the zones should we break out or break down.
Picking up from my last post. The 1Hr double resistance line has now been broken and we are now trading in the 1Hr sell zone. New 1Hr buy zone and support line.
The daily is most interesting. The MA death cross and MA are acting as resistance. Also not the sell zone. I'd use some caution buying what looks to be a break of the MA as the sell zone could send it right back.
The daily may be creating a somewhat horizontal channel. Just something to watch. If it continues to play out we my find ourselves slowly grinding up in this range for some time. Watch the zones should we break out or break down.
Note
Major daily double support has been tagged.
Weekly VIX and RSI are giving buy signals.
I think we have bottomed for now.
Note
Is everyone rich now or should I keep updating?Thumbs up if you want more updates.
Note
4Hr buy zone bottom rested with bullish action.
1Hr TD9 coming up soon with a strong 8 candle.
Note
Note
Sorry for the mess. Just sharing my thoughts and not here to sell you something.
The big channel BTC seam to always want to find its way back to. It could hold here or swing a bit lower into the weekly buy zone, since we swung above. If it breaks below, watch the top of the smaller channel below in the buy zone around the $26-25K area.
Weekly NVT suggest bottom or close to it. We are in the range of the capitulation
Daily - Bear pennant with death cross coming.... That part doesn't look great, but support had held and making hire lows. If we rally hard, then be cautious of a rejection at the death cross.
4Hr - OBV breaking trend, REI signaled bottom for now, TD signaled long.
1Hr - 6 count on the TD at 61.8 Fib. We keep making these falling wedge breakouts with a bump and run. This makes me wonder if we'll see this on a larger time frame to end the dump.
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