BTC (Prj.2019.P04.E07.v2).MicroLevel.ProgressUpdate
Updated
Update from the previous post with more granular possibilities.
It seems people are all bullish no matter where I look. I too am bullish at the MACRO level but at the micro level, I'm still looking at further drops.
While BTC is in this mode, the ALTs look great to take advantage of, as per my recent ETH and LTC postings.
My suggestion, as soon as BTC drops to the next micro level support, buy the bounce on whatever ALT your tracking for it will bounce much higher than BTC in this climate.
Cheers,
S.Sari
Overall view
The Chart below is referring to previous points (posting made) on the overall MACRO formation, with RSI relevance.
Until this formation holds true, so does the hypothesis.
Previous post's references
It seems people are all bullish no matter where I look. I too am bullish at the MACRO level but at the micro level, I'm still looking at further drops.
While BTC is in this mode, the ALTs look great to take advantage of, as per my recent ETH and LTC postings.
My suggestion, as soon as BTC drops to the next micro level support, buy the bounce on whatever ALT your tracking for it will bounce much higher than BTC in this climate.
Cheers,
S.Sari
Overall view
The Chart below is referring to previous points (posting made) on the overall MACRO formation, with RSI relevance.
Until this formation holds true, so does the hypothesis.
Previous post's references
Comment
FYI. This indicator also shows we are close to the bottom of this MACRO formation. Hence supporting the BULLISH macro sentiment.charts.woobull.com/bitcoin-rvt-ratio/
Comment
Trade closed: target reached
Yep, got it right. Just didn't expect the wick to go this far down all of a sudden. But then again, I'm not in the guessing game of placing orders when I expect it to drop. I will now look for bullish div. to play the short moves. The bullish delusional people out there, for the short term must really lose a lot of money...unless its all talk and no action behind what they say. Then why talk. I act on my postings and the implementation is really the risk management of not losing money. I'm happy that for a short career, I'm getting better at this.As for this post, I'm closing it with another successful forecast.
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.