I am taking a quick look at Bitcoin’ on the monthly chart, let's take a read at some simple signals and one interesting fact... Hit LIKE to start reading and make sure to share your thoughts in the comments section below...
Let's get started.
Bitcoin’ Monthly Chart Bullish Signals
We have the 'Falling Wedge' pattern which is bullish. Know that even though this is a bullish pattern it can break either way. A break of resistance is needed before this pattern comes into play.
Bitcoin’ had 4 negative monthly candles in a row. This is the first time the BitFinex chart sees 4 negative monthly candles. Will Bitcoin’ go negative 5 consecutive months? Very unlikely... But we remain open to see it go UP! :D
EMA50 holding as support. EMA50 is always a very strong support for Bitcoin’ as well as resistance. Price bounced from EMA50 and closed above it on the monthly candle. This price is very likely to hold and we expect a positive / green candle this month.
Hidden bullish divergence on the STOCH indicator.
First time STOCH hits oversold since 2015.
RSI has hit its lowest level (Oversold).
Note: This is no trade advice. If you would like to see trades from me feel free to visit my profile.
If you do decide to trade on this information, make sure to use a stop loss. A close below $3657.6 on the monthly candle would invalidate this analysis. This can be your stop.
Thanks a lot for time and reading... Your support is truly appreciated... Make sure to hit LIKE before you leave.
Alan Masters here...
May your coming week be everything that you want, need or expect it to be and that you are filled with life, love and health...
Remember that you are a Unique and Special being and you will always DESERVE THE BEST!
Namaste.
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SHORTS continue to go up at record speed. The heard is on the SHORTS side... Which side will you choose?
Here is the chart:
- I marked the SHORTS ATH. - You can see the red trendline which is very likely as far up as the SHORTS will go. - There is also a very steep rising wedge which is bearish.
Thanks for reading.
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- SHORTS can also go for a double top before crashing down.
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Our RESULTS for some of our ALTCOINS trades today.
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AIONBTC:
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Bitcoin (XBT) Price action update (4-Dec) now live:
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SHORTS are now dropping fast after reaching all time high.
Even if it should rise and you are right, since january you have recommended your followers to buy. Everyone who followed you must be poor. If you would follow your own trades, you would actually notice how bad you are. I feel sorry for the people who bought your scam signal group for nothing. The only thing you do is to say: ''Hey guys, here is a good buy area. Namaste''. I also wonder why you're using a stop loss because as soon as your stop loss is triggered, you recommend your followers to buy your scam altcoins again. Tradingview must actually work against people like you, because that has nothing to do with trading.
frosenfors
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@Counter, 100% accurate, it is organised fraud and he has been devastating the economy for people who are financial illiterates with his "advice". He also has absolutely no TA skills what so ever.
@alanmasters, you are just a scam/fraud stop posting please although I look at yours for giggles
tearliner
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@alanmasters, You post 100s of shitcoin that is currently pumping and you say +90% profits in few days? funny thing is u never post any screenshot of actual TRADES buddy. where is your TRADE? deep inside you know you are full of shit
stabb
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@frosenfors, CORRECT , but stil people fall for it. The funny part is hè keeps saying special promotion only 3 days left for lifetime membership and keeps saying that for 2 weeks . HE JUST WANTS TO TAKE YOUR MONEY DONT FALL FOR THIS GUYS , and im not talking only About the #namasteguy there a few here On TV
frosenfors
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@Counter, While ADA has lost 97% of it´s value from the top AM has been giving 6-7 buy signals on the way down to worthless.
UnknownUnicorn3272583
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@Counter, someone give this guy a medal lol, bravo