It's been a long while since I have posted on Trading View, but my February 8th chart
has still been in play and very valid. I always find similarities in the BTC charts to my own life and when I need to make big decisions, BTC is usually at a similar point, and honestly in life it can go either way, just like BTC, we hope for the best, we hope we get what we want... and maybe that is what a stop loss is... a back up plan... that if you fall,there is someone there to catch you...
BTC is at a critical point for the bulls right now - THE GREEN DIAGONAL RESISTANCE is a long term resistance from January 2018 shown on my previous chart and has rejected twice at this point. The RED DIAGONAL SUPPORT is currently holding and if this breaks the HORIZONTAL SUPPORT is in YELLOW at $3676.
THE IDEAL SCENARIO is a cross during this current accumulation period like we saw in the YELLOW LONG TERM RESISTANCE.
Target 2, (shown on Bitfinex chart) will be slow and drawn out. If we do break the yellow horizontal support it will become much harder for the BULLS to pull the upper targets together.
BUT... my bias right not is definitely for our upper targets as support continues to hold.
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION (minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
<3 Lisa
DISCLAIMER:
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like, that way you get updates as I post them.... :) <3
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**CRITICAL not CRITIC :/
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DeCISION MADE.... UP :)
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A perfect bounce off channel support, volume is steady, upper targets in sight
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BTC beautifully broke through resistence higher with the help of Monthly and Quarterly Future Contracts released
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UPPER TARGETS BTC has so far perfectly hit all targets i have given... thank you BTC very grateful you were accommodating :)
@izupet, Monthly, bi monthly and quarterly futures close end of week/month... there should be enough volume to push BTC higher
pkb6698
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I think the current is similar to the bottom of 2015. What do you think? Please give me a advice.
LisaNEdwards
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@pkb6698, I have seen this many times (or similar) lately, my only concern is the market is vastly different 4 years later and any market works on psychology. So while it may be similar, it will not be exactly the same :)
pkb6698
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@LisaNEdwards, Thanks for the advice, I agree with your thoughts, I think the chart has a lot of psychological involvement. Your opinion has helped me a lot, thanks again.^^
LisaNEdwards
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@pkb6698, yeah I always look back to see previous patterns, but then understand that it is not necessarily the same, but pattern memory can also play part to a certain extent. But like I said changes may also occur
UnknownUnicorn3511625
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AurieK
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Thanks for the post....good to see you still out there...