Bullish Engulfing BTC Doji Pattern spotted!
Bitcoin has been very volatile lately making it profitable to buy the dips, I.e. on X-Coins.io or Coinbase.com, and send them to yobit.net where it is possible to exchange them instantly at a higher exchange rate!
The Screenshot above shows the type of pattern I look for during big dips. This “buy signal” is the bullish Engulfing Doji candle because you can see the big green candle engulfs the red one. To me this is a signal to buy because sellers and shorters are about to get trapped at lower prices and will be forced to cover, until the next dip. It is a vicious volatile cycle, but after being in bitcoin for years you learn to get used to it, and eventually profit off it.
This week Bitcoin Bounced off the high probability buy spot around 9-10K, which I had predicted in previous blog posts. Luckily we bounced off the second test of the 50% area, the second test is the most dangerous and volatile time in the markets. Knowing all this it pays to keep a calm head and not sell your Bitcoin to the fake news Wall Street Guys, because I think they are all in for a rude awakening as BTC spikes to the moon when all the big guys that are Shorting start to become insolvent and start buying back their shorts! What I really want to do is find out which companies and or funds are Shorting BTC , and if possible short them to make some quick stock market money when BTC spikes to 50K next!
I'd realy love this to happen! I am so excited to see what 2018 has in petto for us :)
@coininstant,
That would be a great chart analysis! I heard this time BTC is finding a new peak around 50K :O
Cheers~
See the daily chart of BTC, it has turned bullish and clean bull candle is being formed now and if this candle closes as a bull candle then it is going to trade big and next target for BTC should be 26646.
Thank you and Have a great day.
up voted + resteemed nice post
nice post up voted + resteemed
So informative post for bitcoin..
An excellent analysis of the market and you are right, now it's a very profitable situation to buy Bitcoin, since after a big correction there always comes a rapid growth! Thank you @coininstant
I think it is too!
It so helpful good post @coininstant
yes i agree with you..especially thanks for sharing and discuss about bitcoin..
this time bitcoin is slow progress but next time develop fluently..
carry on dear,please carry on your activity in steemit..best of luck..
resteemit..
100% upvoted. i like your post sir.i follow you. your post all time informative & helpfull.thanks for post.
This post very nice..i like bitcoin,,i appreciate your blog..thanks for sharing this post,,,best of luck.