BITCOIN INTRADAY BULL FLAG BREAKING OUT
Coin Telegraph
GOOD EVENING STEEMIT!
Price has now ripped $1000 higher off the BItcoin bounce zone that we were looking at last week, predictably finding resistance at the next psychological level.
When major support/resistance zones that I've been watching hold as cleanly as that, I tend to get excited so don't mind me if you see me doing the happy dance,
Now whoever tells you that you need a ton of fancy bullshit on your charts to make money is a bum. Just look at how simple my daily chart looks:
BTC/USD Daily
That's right. The most obvious trend line in the world and just 2 horizontal lines that happen to be drawn 2 round number, psychological levels.
This trading thing really doesn't have to be that hard guys! :)
Anyway, it's that 4K resistance level that remains key. Price needs to get above it and hold for all the altcoins to be able to sustain their bouncebacks from the lows they haven't rejected off like the big boys.
Take a look at the intraday price action on the 15 minute for a clue as to a pending break-out:
BTC/USD 15 Minute
....Well I haven't even finished writing this and the bull flag/channel has just broken out on a huge green 15 minute candle. That sort of fucks where I was going with this blog but there's still time.
Stop reading Steemit blogs and start trading Bitcoin!
(But please give me a follow and come back to read again later. I need you :P)
Peace!
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Already, LOL!
For real time updates, come and follow me, @forexbrokr on Twitter :) See you there!
thank you for your post also i did follow you if possible to follow me as well i will appruciate. and greetings from Japan
Hey mate. I've given you a follow because I'm interested in hearing your affiliate marketing business model.
What do you do and how it is going? Must be working well if you're living in Japan off it :)
The current foundation level is $4000 and we are about to reach $5000 soon; as it will be the next foundation level.
Yep, markets (humans) love whole numbers!
I love to read each and every post of yours
I have to admit that this is is the Best post av seen today . who else agrees??
I thought I was amazing, but then I clicked on your comments and see you write that to everyone. You hurt my feelings. I feel used.
Yup, that is certainly profitable, but better do it with small amounts, as spending big amounts can be risky, because you never know when the price would start dipping down!
All about risk:reward mate!
Good article. Very useful for people like my self.
Who exactly are 'people like yourself'?
Lol people who dont know exactly how to do technical analasys. People who don't know when is really a good time to buy or sell. People who fear. If you werent being sarcastic. People who don't know how to trade.
Fair enough ;)
Excellent post. But i think also that the price of bitcoin is manipulated right now for the big investor thah have a lot of money and take advantage of the bitcoin.
Yep, totally agree. So accumulate while you still can below 4k!
Good analysis!
Thank you sir.
Was just talking about those same levels on the radio show yesterday. Yes, a price chart with some trend lines, supprt/resistance lines is all you need. In the end price action dictates all the other indicators.
They're called 'lagging indicators' for a reason, right :)
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