Disclaimer:If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business.
for my Comprehensive Trading Strategy | for my Comprehensive Trading Process | to learn about the 2 BTC’ to 20 BTC’ Trading Challenge
*Using Weekly Chart*
Consensio: P < M MA < S MA < L MA
Patterns: Phase 7 hyperwave |
Horizontals: S: $3,483 | R: $3,760
Trendline: Testing bear that starts at the |
Parabolic SAR: $4,975
Curve: Backwardation with 4.19% spread
BTCUSDSHORTS: Appears to be creating higher low
Funding Rates: Longs receive 0.1171%
TD’ Sequential: R2 = R1
Cloud: Watch for resistance from the Tenkan-Sen at $3,774
Index: At 35
Average Directional Index: At 33 with > . Strong signal that we are only half way through this sell off that started from $6,000
Price Action: 24h: -4.2% | 14d: -12.1% | 30d: -8.3%
Bands: Recently tested bottom band. MA at $5,046
Oscillator: Recrossed < 20.
Summary: The is very interesting. It is my strongest indication that we will get another leg down from here. The Visible Range Range is painting a very interesting picture. Gap’s in are highly likely to get filled, at one point or another. Both of my most likely outcomes would do just that:
A) Bounce to $5,200 – $5,800 before selling off to $1,000 – $1,400
B) Breakdown $3,000 support, capitulate to $1,000 – $1,400 and then get a massive V bottom type of bounce to $5,200 – $5,800
My strongest indication that we will move up from here is the backwardation in the curve that saw it’s spread widen during this last little move down.
Published at Mon, 21 Jan 2019 03:52:35 +0000
