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A Look at the Chart [BTC - USD - BITFINEX]

 
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Jan Bouda 1 month ago

You reminded me Elliot waves theory. I think the crypto market in general is oversold. Now it is in consolidation phase. The bull run will emerge soon but there is a possibility of boring side way trend before it, too.

MrBullishSail Crypto Trader 1 month ago

Thank you very much for your support, Jan :), Elliot waves are a very technical way to follow the price action, I like their operation, however, in most cases I prefer not to place the nomenclature and only observe the highs and lows of the movements in and out of the patterns formed, to keep the chart as clean as possible, in scalping if I use it a lot and leave marks of them more frequently:D, I'm glad that the TA has been useful to you, I agree that we could have a lateralization after the break, but I don't think it's very long, this accumulation inside the pattern has been long, the escape from it could be an accelerated movement :)

Lucas S 1 month ago

A fall and then accelerated growth upward seems a likely action. I'm keeping a close eye on and making some decisions.

MrBullishSail Crypto Trader 1 month ago

Thank you very much for your support, Lucas :), I agree, the third wave is coming which is usually the fastest and longest, this accumulation has been long, so at any time we could see an acceleration, if the price recovers 8500, this scenario would be very possible!

Charles Fuchs - STACKIN 1 month ago

I would love to see it at the 4k-6k range lol :)

MrBullishSail Crypto Trader 1 month ago

Hehehehe!, that would fall well that great offer, that would be a x4 - x5 just to test the ATH :D, I would love it too!!, it will be difficult to happen, but any scenario is positive, 2020 comes strong :)

Amani Lamek 1 month ago

I traded BTCUSD in forex,  I'm now trying to test to trade Cryptocurrencies , what app/broker you recommend? 

By the way,  nice presentation,  I had so hard time with naked chart before... 😃😃

We can highly predict the change of trend and start of uptrend,  if it matches a certain level of Fibo,  do you use Fibo sometimes? 

MrBullishSail Crypto Trader 1 month ago

Thank you very much for your support, Amani :), on margin trading I recommend:

Bitmex: https://www.bitmex.com/register/PciHP8

Without margin trading, I recommend:

Binance: https://www.binance.com/en/register?ref=HOLR8OMY

Hotbit: https://www.hotbit.io/register?ref=537753

Huobi: https://www.huobi.io/es-es/topic/invited/?invite_code=ef445

I'm glad to hear that you liked the presentation, I appreciate it very much! Most of the time I tend to keep the chart as clean as possible for the reader, placing only the horizontal and diagonals, the analysis with Elliot and Fibo I do before presenting it, Fibonacci used it to determine certain areas of supply and demand and corrections :)

Cheers!! :)

Amani Lamek 1 month ago

Thanks.  I'll go with bitmex

MrBullishSail Crypto Trader 1 month ago

Pleasure, Amani, I'm glad you found the information useful, thank you for using mi link ;)

Mike Shorey 1 month ago

I think we will see an upward trend in the New Year. 

MrBullishSail Crypto Trader 1 month ago

Thank you very much for your support, Mike :), the odds are higher, however, you have to follow the price action in 1D and always place stop loss to avoid invalidations

Amani Lamek 1 month ago

Yes.  So many traders anticipates that... 

Athar Saleem 1 month ago

This flag pattern suggests an upward higher movement in near future.

MrBullishSail Crypto Trader 1 month ago

Thank you very much for your support, Atham :), that's right!, is a pattern of continuation of the trend, in this case is up, the odds are very high, currently ;)

Dave Treen 1 month ago

I too think it's ready for a bull run again. Hoping to see $10k before the end of the year

MrBullishSail Crypto Trader 1 month ago

Thank you very much for your support, Dave :), I could reach that level, once over 8000, the price could move very fast and then make a possible range between 10100 - 8500.

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