Created a strategy that guides on investment during the very crucial time when BTC crashed from 18k to 7k levels (at this time).
Strategy includes 0.1% commission as is prevalent on exchanges these days . And, however, the current idea/backtest focuses on period after the crash, this strategy performs really well when tested in uptrend/sideways market as...
I am observing every resistance and at every resistance we are having drops..so we cant take out 10k level..price can go up to 10.3k and then can drop to 8.5k then if 8k exposes and cant sustain we can see 5k then end of bear market ...if 8k acted strong then u can see 14k..and from 14k too we have strong resistance which can drop price to 10-8k max...i am bullish...
Closely watching Bitcoin in 15 Min chart to see how it breaks the pattern bearish or bullish.
My expectation is it will be bullish break out, what are your expectations guys? Comment below.
In 4H chart Bitcoin is following currently a falling wedge pattern.
The yellow line is the major support line, I hope it wont break that and it would retrace and start an uptrend soon. Fingers crossed though!
Reasons for BTC downtrend could be?
1. Chinese NEW Year
2. Facebook banning all the ICOs and Bitcoin ads (Though it wont have larger impact but it is...
COINBASE:BTCUSD
Weekly chart is primed for bullish reversal.
Dragonfly Doji candlestick is a very bullish reversal indicator.
MACD is about to bounce (it tends to never cross down with BTC).
Stochastic RSI is setting up for an upwards crossover.
