I made some great trades yesterday on XRP. If you want to, please check them out in the related ideas section.
I have predicted 3-4.6k to be the Bitcoin bottom when we were near 7k. Currently have hit those levels, but due to the speed of the drop, this could actually go lower, possibly to near 1-2k. I have considered those possibilities and will continue to dollar cost average.
The 80% indicator for the second time, is giving a buy signal to bitcoin. The last time this happened was in 2014, where we had an impressive bounce before moving lower.
I'm not calling this to be the bottom, but I believe we could bounce here. If you go to the lower timeframes there will be a better chance to set up a trade.
I bought a few Bitcoin at 3600 I plan on holding for a long time. If it goes to 0, I'm fine with that.
Thanks for viewing! Don't leave crypto. The time to buy and hold is here, not at 6k. Keep in mind just one year ago people bought Bitcoin at one thousand USD. Once they have sold we can move up.
I have predicted 3-4.6k to be the Bitcoin bottom when we were near 7k. Currently have hit those levels, but due to the speed of the drop, this could actually go lower, possibly to near 1-2k. I have considered those possibilities and will continue to dollar cost average.
The 80% indicator for the second time, is giving a buy signal to bitcoin. The last time this happened was in 2014, where we had an impressive bounce before moving lower.
I'm not calling this to be the bottom, but I believe we could bounce here. If you go to the lower timeframes there will be a better chance to set up a trade.
I bought a few Bitcoin at 3600 I plan on holding for a long time. If it goes to 0, I'm fine with that.
Thanks for viewing! Don't leave crypto. The time to buy and hold is here, not at 6k. Keep in mind just one year ago people bought Bitcoin at one thousand USD. Once they have sold we can move up.
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Also, the fibs match up too.
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50 million USDT sent to Bitfinex. You know what this means.Trade closed: target reached
Closed some for 7% profit. This is just a scalp btw. Looking at daily I do think 3-3600 should be the bottom, so still bullish despite closing long.Note
I have to say, this looks a lot better than the 4k bottom. The fact that we are consolidating right under 4k resistance is a bullish sign for me.
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Looking at this last bottom, it dropped beneath support and was unable to get above. I'm guessing there was a lot of people with money who longed that.I am aware the current bottom could be a head and shoulders, but the fact that we made it to the previous support means there is more demand at this price.
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Looking to short soon.
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Short canceled hit 3940 liqs and moved higher. Safer to wait for selling first then join. Overall looks good for bulls.
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OK. Now looks ready for a short soon.
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Trade closed: target reached
If you were long, I would recommend closing right now. Been looking like a good short for a while now.Note
Was a bit early but did drop. Its going to be hard to hold current price.
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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.