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Monday, August 09, 2021

BTC UPDATE - lots of bullish confirmation on the weekly!

BTC UPDATE - lots of bullish confirmation on the weekly!

BTC/USD COINBASE:BTCUSD

BEFORE READING, GET RID OF YOUR MOOONBOY MENTALIY AND NO EMOTIONS FOR DIPS/CORRECTIONS!

PEOPLE ARE SO FOCUSED ON THE HOURLY/ WEEKLY TIMEFRAME THAT THEY GET EMOTIONAL ON EVERY DIP! TAKE A STEP BAK TO THE WEEKLY/ MONTHLY TIMEFRAME AND SEE WHY IM SO BULLISH NOW. STOP LOOKING AT THE SHORT TERM DIPS/RISE. SHORT TERM IS IRRELAVENT FOR THE MOVE THAT IS COMING!!!!!!!!!

TO KNOW WHERE ALTCOINS ARE GOING, WE NEED TO FOLLOW BITCOINS MOVE!!!

You can't be emotional in these markets (stocks, forex, crypto, real estate, etc.). You will lose this game following the news and doing what the majority does. News creates emotions. Everything you need to know are on the charts. News are manipulated by the elites, and they take advantage of our emotions. Stop listening the news and pay more attention to the charts. Don't follow the majority, because the majority will lose in the end! Also, don't buy the hype when everyone is buying.. instead buy the fear when everyone else is selling

Everything is on the chart! Cryptocurrencies are on the verge of exploding higher. Dips/Corrections are normal and needed in a bull market, and are BUYING OPPORTUNITIES! HUGE GAIN opportunity in the coming months! NEVER TRADE BLINDLY. USE MULTIPLE INDICATORS TO MAKE CALCULATED DECISIONS. TRADE WITH NO EMOTIONS!!

FACTS:
1. STOCHASTIC RSI - D AND K LINES BOTH HAVE CROSSED THE 20 LEVEL! WHICH CONFIRMS BULLISH MOMENTUM!!
2. BLUE LINE IS THE WEEKLY 21EMA. BODY OF THE CANDLE BROKE THRU! ANOTHER BULLISH CONFIRMATION!
3. A CONFIRMATION CROSS ON THE MACD WOULD CONFIRM A MOMENTUM REVERSAL!! (TO BULLISH!)
4. RSI IS STILL VERY OVERSOLD ON THE WEEKLY!
5. ON THE DAILY TIMEFRAME , WE WERE FLASHING A BUY SIGNAL! BUT THERE NEEDS TO BE A BUY SIGNAL ON DAILY
CLOSE FOR CONFIRMATION. KEEP AN EYE ON THE "HASH RIBBON" ON THE DAILY!!!!!!

BUY TARGETS: (REMEMBER, THIS IS A WEEKLY CHART. IT CAN WICK DOWN MORE, BJT THE BODY OF THE CANDLE IS WHAT COUNTS ;)
1. $40,200 (21 WEEKLY EMA )
2. $39,000 (RETESTING PAST RESISTENCE)
3. BETWEEN 37,300 - 41,800 ARE THE TARGETS TO GO LONG! (RED BOX WHICH ALSO CORRESPONDS TO FIB TARGETS)



Good Luck!


"If you can't beat the fear, do it scared!"

"Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet.

"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet

"Show me the charts, and I'll tell you the news." - Bernard Baruch



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