fasten your seatbelts !!
تم تحديثه
Hi Folks,
My first idea and analysis on BTC.
Big moments coming up. First things first. This whole social media is bragging about and on Bitcoin trying to talk it in bearish mode.
I personally don't care about social media. My advice ignore it and follow your own perception and vision.
All those people ' expecting' well dude you cannot expect anything in trading.
What I see in the overall picture is a mini descending triangle. And again more often than not (statistically proven) a descending triangle ' breaks' downwards.
But still there is a possibility for this not happening. KEEP YOUR EYES OPEN.
My trend indicators that HELP me and are not definite tell me to fasten my seatbelt.
The 20 day MA moves above the 5 day MA. I have gone back in time and checked the chart and this is not a very positive signal. (signal received)
RSI --> I see a bullish divergence. The value in my rsi makes higher highs while the price Is declining (interesting)
ADX = 50 --> shows me ' a' trend
DMI + = 8 far below I want to see
DMI - = 23.5
There are some conflicts now.
Than I look at the bars what they tell me and I see a strong conflict between bears and bulls. A little indecision about which direction to take.
What can we do.. put you stop loss in in case of...
I wait patiently for my confirmations to be confirmed.
Have a good day all..
Like a comment if you like and for more refreshing idea's you can follow me..
My first idea and analysis on BTC.
Big moments coming up. First things first. This whole social media is bragging about and on Bitcoin trying to talk it in bearish mode.
I personally don't care about social media. My advice ignore it and follow your own perception and vision.
All those people ' expecting' well dude you cannot expect anything in trading.
What I see in the overall picture is a mini descending triangle. And again more often than not (statistically proven) a descending triangle ' breaks' downwards.
But still there is a possibility for this not happening. KEEP YOUR EYES OPEN.
My trend indicators that HELP me and are not definite tell me to fasten my seatbelt.
The 20 day MA moves above the 5 day MA. I have gone back in time and checked the chart and this is not a very positive signal. (signal received)
RSI --> I see a bullish divergence. The value in my rsi makes higher highs while the price Is declining (interesting)
ADX = 50 --> shows me ' a' trend
DMI + = 8 far below I want to see
DMI - = 23.5
There are some conflicts now.
Than I look at the bars what they tell me and I see a strong conflict between bears and bulls. A little indecision about which direction to take.
What can we do.. put you stop loss in in case of...
I wait patiently for my confirmations to be confirmed.
Have a good day all..
Like a comment if you like and for more refreshing idea's you can follow me..
ملاحظة
As I have forget to mention is that we see a Bullish divergence in the chart. As the RSI shows higher highs and higher lows and where the price moves down.
The Death cross is coming up.
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