BTC Has one last trick up it's sleeve.
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The current price action has been frustrating, to say the least.
It doesn't LOOK good for BTC..
BUT.
Dig deeper. There's a special little thing in store for the bears.
It's called Hidden Bullish Divergence, and
it.
is.
STRONG.
The bulls are waiting for just the right time to show their hand.
What better time to do it, than the 'death cross' that is looming?
Currently, the 20, 50, and 200 day MA's are converging.
What happens when they finally meet? An EXPLOSION. A BIG one.
Bulls have one last push coming that they have been comfortably waiting for.
Longer-term picture shows an explosion is imminent. Likely today or tomorrow.
The RSI has been falling, but the lows are getting higher. This indicates that the
bears are beginning to lose their power over BTCUSD, at least temporarily.
There has been a LOT of consolidation aka sideways movement recently.
Also. Don't you think we should be going lower considering the strength of the bears?
We should of hit sub 8k levels by now if the bears had any strength left. So guess what?
We gotta go find the REAL sellers. The REAL profit takers. Where do we find them?
The best place of course, is the 11.5k+ region.
I keep trying to tell people that if you believe in BTC, right now at any price is a good buy
considering you could make a very nice profit in coming days. That being said, moving forward (literally)
I suspect we will hit the $11,795 resistance, and brick HARD off of it, because we still don't have enough power to break it.
THIS is when my previous idea linked below comes into play.
Please leave a like, follow, and let me know if this idea helped you out.
I stream live TA on Twitch - I am unable to advertise my link here so if you'd like to learn more,
would like one of your favorite coins TA'd, or just a place to chill, drop me a PM and I'll send the link.
BE CAREFUL if you are short. Have a very tight stop loss.
Good luck and happy trading!
It doesn't LOOK good for BTC..
BUT.
Dig deeper. There's a special little thing in store for the bears.
It's called Hidden Bullish Divergence, and
it.
is.
STRONG.
The bulls are waiting for just the right time to show their hand.
What better time to do it, than the 'death cross' that is looming?
Currently, the 20, 50, and 200 day MA's are converging.
What happens when they finally meet? An EXPLOSION. A BIG one.
Bulls have one last push coming that they have been comfortably waiting for.
Longer-term picture shows an explosion is imminent. Likely today or tomorrow.
The RSI has been falling, but the lows are getting higher. This indicates that the
bears are beginning to lose their power over BTCUSD, at least temporarily.
There has been a LOT of consolidation aka sideways movement recently.
Also. Don't you think we should be going lower considering the strength of the bears?
We should of hit sub 8k levels by now if the bears had any strength left. So guess what?
We gotta go find the REAL sellers. The REAL profit takers. Where do we find them?
The best place of course, is the 11.5k+ region.
I keep trying to tell people that if you believe in BTC, right now at any price is a good buy
considering you could make a very nice profit in coming days. That being said, moving forward (literally)
I suspect we will hit the $11,795 resistance, and brick HARD off of it, because we still don't have enough power to break it.
THIS is when my previous idea linked below comes into play.
Please leave a like, follow, and let me know if this idea helped you out.
I stream live TA on Twitch - I am unable to advertise my link here so if you'd like to learn more,
would like one of your favorite coins TA'd, or just a place to chill, drop me a PM and I'll send the link.
BE CAREFUL if you are short. Have a very tight stop loss.
Good luck and happy trading!
Anmerkung
Friend of mine pointed this outThe bears tried. MAN did they try. But they got nowhere xD
Anmerkung
Streaming LIVE on twitch. PM me for the link - I will TA any coin you like, and help you with any questions you have. <3
Anmerkung
Update.
Will be streaming for a solid 8-12 hours today. PM me for the link.
Anmerkung
Final update for now. If you would like to see TA live, have any questions, would like your own coin TA'd, or just want a chill environment, PM me for my twitch.Anmerkung
Our buy signal triggered at $9,200! In front of us are 2 resistances/profit targets.Anmerkung
Possible inverse Head and Shoulders forming.A bounce at the blue supports, with momentum, is a strong buy signal.
Anmerkung
COULD IT BE FOLKS!?
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I have an update here.
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There once was a bear who now turned bull, He saw the hidden divergence and said oh hell no!
With his tail between his legs, he walked away,
Renewed with spirit, he tried to say...
But dad, the bears, they are too strong!
Little did he know, his dad went long.
Oh but a trick, he played on the little one,
He smiled with a grin, while bear-son went numb.
There are many lessons learned in this mini bear song,
Especially why his dad went long, little bear-son
Was starting to feel a little dumb
Little bear son saw the bulls painting charts,
Then and only then realized where he went wrong.
Anmerkung
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