Warning! - The following chart may be too much for some viewers!

Тема в разделе "English", создана пользователем Trading Ideas, 3 окт 2019.

  1. Trading Ideas

    Trading Ideas Участник

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    2277217-QlJf_mid.png
    Warning! - The following chart may be too much for some viewers!
    Bitcoin / TetherUS BINANCE:BTCUSDT
    cryptoGats
    KW8iRwPL_mid.png
    This chart shows you the only way out of an imminent death cross for BTC . It is a very realistic looking scenario so be sure to note that the last 5 candles are not real. We have to meltdown to 7K - 6.5K to go up to safer ground aboard one or two "weapons-grade" green candles. From there we have to crawl up to a few other buy zones that can get us to 20K and then we hit resistance from hell which will send us back down to the bottom, all of this would take months of course. Bitcoin and crypto in general is one of the fastest moving (volatile ) asset classes and still it takes months to hit highs and lows.

    This is the road we are traveling -- take a look below. it has taken years for that triangle to form. The first high (that we all remember) was achieved in December of 2017, we then touched the bottom a year later! We are now due to start moving down to the 7k - 6.5K area in the next few days. It is at this point that we won't know for a while whether we are going to move up or down. If we decide to go down it can take months until we hit that bottom green support line. Understand this; Both green Xs in the chart below have great probabilities of generation strong moves out of the triangle, that's why we have bought alts already (just in case.)
    idea-image-placeholder.svg

    Looking at this chart it seems that for now, money has stopped coming in and a little has gone back out. The powers that be may be waiting to see how that golden cross will play out. Let's do the same.
    idea-image-placeholder.svg

    Wisdom
    There is something called the 90/90/90 rule which means that 90% of investors will lose 90% of their money in just 90 days. Just remember that large institutions are after your money, so don't make greedy unplanned moves.

    NOW, THE LEGEND;
    Support trendlines are green
    Resistance trendlines are Red
    Horizontal support lines are white, the thicker the stronger the support
    50 Moving Average is yellow
    200 Moving Average is white

    THE TREND: Going down
    THE OUTLOOK: Not safe to buy BTC but we are near the bottom.

    Be safe and follow me to make money and stay ahead of the curve.
    Xena Exchange Resident https://xena.exchange
     
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