Chart drawing for BTC

11 dic 2018Hi all. I was just testing video review option from TradingView and I guess it is not made for those using notebook =))) sorry for the sound of fan and typing and everything else. This is my first and last video made in such "live" conditions (for YouTube I have to record everything separately, filter, edit and than connect to each other - here no such possibility). Still I thought it could be interesting as an example of drawing.



Regarding Technical Analysis.

1) Most obvious forecast - BTC is falling towards 3200 and later 3000. Even though lately we can see huge volume, which could be a sign of reversal (but not confirmation of it), BTC is still moving down.
I don't share excitement of those screaming about accumulation. Accumulation of what, cheap coins? Nobody need them until BTC start growing again. And we may find ourselves in this bear/sideway market for a very long time because it took one year to come back from the pump-mountain top so it may take another one or two for consolidation to finish. Certainly lots of possibilities but no enthusiasm from me for "accumulation" chances. I prefer buy and sell within one growth period for each coin and don't look back at it untill it starts another bull run. I don't care if I bought it at the bottom or on the way to the top as long as it gives profits. Even (certainly) the name doesn't matter. Only %

2) BTC bounce of 3300.... well... I don't know. If that happens I'll open a bottle of whiskey. No, I'll open two =) and will be very happy my main forecast didn't work out.

12 dic 2018

Commento

I feel pretty excited as BTC actually bounced of 3300 and at this moment makes another attemp to breakthrough that bad bear habbit (as it seems at 4 hout tf). If it won't fall below 3370, we may see 3500 within a day (or in a pump).