j0nesy1977.mj

BTCUSD (Coinbase) - Bottom Reached and Possible Trend Reversal

j0nesy1977.mj تم تحديثه   
COINBASE:BTCUSD   بتكوين


This is my first ever technical analysis.

There has been a significant downtrend through January which appears to have level out into a channel. Recently there were two Doji and Golden Cross which may signify a change towards some bullish action. Trade volume is still low but this may change on Coinbase as the US wakes up and begins trade. Look for BTC to cross and hold above the resistance line (around $11,600 USD), if combined with increased trade volume then I would expect BTC to recover sharply in the next 12 to 24 hrs.
تعليق:
Apologies cant work out how to insert zoomed out chart
تعليق:
Bit of a drop, but volume is still low. I still hold my bullish view
تعليق:
Still stuck in sideways channel but I think this is a good sign of consolidation before another run. Hasn't broken the resistance level of 11600. Nothing is certain for now but if it breaks and holds 11600 I'll be buying a bit.
تعليق:
Bullish V reversal with step and volume detected. I now know my stop-loss (11300) and will be looking to buy in between 11700 and 11800 after it breaks strong resistance line at 11600, I'm guessing tomorrow. In the mean time I'll be looking to set some targets.

تعليق:
comments welcome, including criticism
تعليق:
Who would have thunk it? Called it very very well on my first TA on Trading View. I'll close this and continue on a new idea I've created -

تم إغلاق الصفقة يدويًا:
Trade closed as it appears that I was right and indeed BTC has reversed the downtrend, at least in the short term. I've started a New Idea to suggest a trade strategy:
إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.