BITCOIN – Weekly Wrap-up and Long-Term Overview: March 25, 2018
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…Key Statement:
The secular trend remains bullish, the long-term trend remains bearish, the medium-term trend remains bearish, and the short-term trend continues to struggle thus far in maintaining a modest bullish posture.
This week’s video update touches briefly upon “inside bars” as well as durations and depths of previous bear markets relative to the current bear market we are currently enduring.
Short-Term | Bias | Target | Sup-1 | Sup-2 | Res-1 | Res-2 |
---|---|---|---|---|---|---|
Hourly Chart | Bullish | 10,450 | 8,265 | 8,366 | 9,090 | 9,188.10 |
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Medium-Term | Bias | Sup-1 | Sup-2 | Res-1 | Res-2 |
---|---|---|---|---|---|
Daily Chart | Bearish | 7325.37 | 5920.72 | 9,188.10 | 11,688 |
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Long-Term | Position Bias | Date | Price |
---|---|---|---|
Weekly Chart | Short | 3-12-2018 | 9535.04 |
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SECULAR | Bias | Low 2018 | Target 2018 |
---|---|---|---|
Monthly Chart | Bullish | 5,920 | 12,235 min / 37,419 max |
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…Weekend Update & Review
Right Click and open in new tab to view full size image.
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…Video Update
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Select HD and “Full-Screen” for the utmost clarity in viewing this video update.
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I trust that the preceding analysis was generally objective, explicitly actionable and informative, and of relative and meaningful value for all those who perceive such analysis as a backstop to their individual ends.
Until next time,
Peace, Love, and Justice for All
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DISCLAIMER: This post and all of the analysis contained herein serves general information purposes only. I am not a registered financial adviser. The material in this post does not constitute any trading or investment advice whatsoever. The trend-following strategies explained herein are for example only, and should not be construed as trading or investment advice in any way. The same thing goes for anyone subscribing to the Long-Term Trend Monitor. The subscription simply shares with subscribers what several automated trend-following systems are doing, and that’s all. The bullish and bearish alerts provided therein are for information purposes only, and they are not to be construed as advice to buy or sell. At the time of this writing, the author does not hold any positions in BITCOIN or any other crypto-currency. Please conduct your own due diligence, and seek counsel from an accredited financial advisor before making any trading or investment decisions. Should you decide to mirror or copy any investment or trading examples from this or any other related source, the decision to do so is entirely your own - as are the inherent risks involved in doing so. I am not responsible for any of your losses. By reading this post, you acknowledge and accept to never hold me accountable for any financial losses. Thank you.
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Could you help define secular trend? Any relation to timing? Thank you
Thanks for this great question @kywt! One simple way to understand the “Secular” trend is that it is one larger degree above the basic long-term trend. For example, within a SECULAR (super-long-term) trend, there may be numerous bull and bear markets that comprise it, regardless of whether or not the “Secular Trend” is bullish or bearish. I hope that helps.
Thanks for the explanation!
Agree more downwaves to come then breakout..
Great post
Follow and up
Crypto: Let's go to work!
Thanks, brother... we got work to do, we got jobs, baby... :-) Takin' care of business, bro - you know...
For future viewers: price of bitcoin at the moment of posting is 8405.60USD