It's tough to say if $6,140 was the top. It may have one more bounce slightly higher, but I don't think so. I'm going to go ahead sell at six since that is almost 100% from my last call when I bought at $3,050.
1 week candles
I am selling now and will start buying back at the $3,800 to $4,000 range. I am confident in this strategy because BTC/USD has been bouncing off of the 20EMA (with week long candles) for well over a year now.
The day chart gives signals more often
1 day candles
I think we are still in a bull market, because we have been hitting the tipping point, but it will still take more time for mass adoption.
When comparing the two charts you can see that the Stochastic RSI has shown oversold recently on the 1 day chart but not the 1 week chart.
The Stochastic MA lines recently made a bullish cross so it could possibly go back up some more like I said, but I don't think it will go much higher before it touches the 20 EMA (week long candles) again.
As long as it stays bullish. When it finally reaches peak, that will obviously change but I think that is a long ways away. I will continue to trade this pattern until it changes though.
In my opinion it will come to its range between 3900 to 4300 USD and that is my call to buy a solid quantity at that time. It will come to these in starting first week of november easily.
I agree with you 100% i would do the same if i were you, I sold mine on 5500$. Now waiting for collaps to buy again.
Wow. Hard to believe that Bitcoin was below $1,200 in January of this year. Can you believe how far we've come in ten months?
You're a brave man to be trading in BTC. You called it last time though and good luck. I'll send this to my friends when they ask "when is a good time to buy"?
if you sold at 6000 are you then buying steem at 0.93 now till bitcoin corrects?
I like that strategy.
I missed that, but I may be buying some soon.
This looks like the right time to sell since the correction will be coming quite soon.
I haven't invested a great amount so no point getting into it and a mere spectator would do
Ok so you think bitcoin price will come down to the range of $3000 to$4000 from the price it is now and then one can buy?
$3'800 to $4,000
I c.
totally agree and sold recently too. Hope its the right decision, seems w=to be what most of the pro's are banking on too.
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improvements
well post
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