[ Trading ] Bitcoin chart vs Gold chart. Looks the same to me!

in #trading6 years ago

The bear market continues and I find it very difficult to trade bitcoin so I am still making losses. I still have my long-term holding, but short term I am out. There is very little upside and it is not worth risking.

It looks like the Wyckoff method could not lift Bitcoin to 7200 and the 6400 level broke.

Today I found another very interesting chart by xuanhaimmoer on Trading View. It compares the current Bitcoin chart to that of the Gold chart from 2013 to 2016. I believe people react the same way in the same situation and that is why I love TA. So if Gold was in the same situation in 2013 to 2016 as Bitcoin then I would expect the charts to behave in the same way.

Tone Vays is back on track with his prediction of Bitcoin reaching minimum low of $4925 and this chart predicts the same.

Read all the details here at source: https://www.tradingview.com/chart/BTCUSD/cc2ZfVB6-BITCOIN-LEGENDARY-ANALYSIS-COMPARING-WITH-GOLD/

I think we will see a small rally now before seeing more pull back. It is not worth the risk so I am not playing it. Maybe I should sell my long-term positions and buy again at 5000 in October when we reach the bottom.

Do you think we will go to $4925 by October like Tone and xuanhaimmoer is predicting?

Please give us an Upvote if you think this info was helpful. It will help my online business a lot and I hope to return the favour soon.

Thank you. :)

PS. Hot tip 1, Remember don't upvote this post when it is older than 7 days, you are wasting your voting power!
PPS. Hot tip 2, when buying upvotes, do it in the first 3 to 15 min of posting. You get 90% to 100% of curation rewards.
PPPS. Hot Tip 3, upvote your own post in first 3 min. You will get all of it back.
PPPPS. Hot Tip4, I love buying upvotes after 20 min of making a new post. Make sure you upvote before I buy upvotes to get your share of the curation rewards.

Thank you for your support.


Colin Brazendale

Email: [email protected]
Facebook: https://www.facebook.com/colinbrazendalesinternet/
Youtube: https://www.youtube.com/user/czb1972/
Website: http://www.autotradingrobot.co.za

More information about me:

I love Steemit and I have been blogging here since June 2017. I am always looking for ways to increase my Steem and SDB holding. Lately I have started trading bitcoin and altcoin using an auto trading robot. So far it is going well, and I am in profit. 😊

Most of my time is spend on internet marketing for my clients on Google Adwords, but I also love network marketing on the internet.

I have been cloud mining for the last 2 years, but stopped promoting it due to the low returns from Jan 2018.

Why I joined Zukul Trade:

How to get started with Zukul Trade:

Proof of earnings 18 May 2018. The auto trading bot made $170.88 in the last month in down market.

Contact me via email [email protected] for more info on the auto trading bot.


Looks very much the same. The trend is down, so looks like the Gurus might be right with $4925 target?

Congratulations @colinbrazendale! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

Coin Marketplace

STEEM 0.28
TRX 0.12
JST 0.032
BTC 67330.50
ETH 3103.66
USDT 1.00
SBD 3.78