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BTC UPDATE ON THE MONTHLY

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As many of you know, I havent been charting as often because nothing new really has happened with btc. We are still falling. I am not looking at a longer term due to MA resistances in the monthly that has kept suppressing BTC price and I know we will see more lower prices. The question always remains, how low?

At this point I am still targeting 4.1K with a longer term of 2.8-3.1k price range. I am hopeful for BTC to bounce off the 55MA for some bulls market however it is a little early to say since ichi cloud is dangerously flattening. It is not a good sign people. Trade with caution .

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Correction "I am now looking at a longer term due to MA resistances"

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Daily went bullish, so I am looking for a lower 8k price range in the next week. Weekly still bearish but I will trade on the daily. I am hopeful to enter around 6550 and just trade for a few days at the time. Good luck

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Well weekly is second crossing. Monthly ichi crossed. I think it’s time to trade. Liquidation above 81 will be nice. Happy trading. tradingview.com/chart/

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The link above is the wrong link.

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I realize I didnt post the weekly chart. This is just to show the MA cross and what could be the result of it. My target still 4100 for then a possible 28-31 range in the longer term. Monthly should push us that low im confident. Enjoy and trade with caution.

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This is an old chart and still holding ok.

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I wonder who was longing. TP time is the most enjoyable one. Happy trading.

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I was hoping to get a 5k price or little under for a hard bounce but at this time not sure if this is it. Although the price has substantially dropped, the 8.1k possibility in the weekly charts has not been erased yet. This is getting interesting and I am getting excited. Will start looking for a long entry for next month and I hope I can catch a higher 4Ks and ride it to lower 7Ks. I expect a green december for liquidity. Happy trading.

You know the drill, your money your choices, this isnt an advice to trade but an idea to share.

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As of today, we have a new low and a lower high. Support in the daily has been created at $3550 and first target for the bounce is 6450$. Trade with caution.

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Just to share my private studies.

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This is not looking good at all. New lower target painted. 2800$ Trade with caution

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I will be back when the monthly gives some signs of hope. See you at 220$ btc in 2020. No need to go through this crap. Good luck.

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Follow up to previous comment. I dont see btc with much hope. If those crosses happen there is no way we will stay above 1k. As usual my predictions are for long term and we will see if time proves me a liar. So far all my chart have hit prices. I already have my buy orders ser at 220$. Trade with caution.

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first cross happened. I am still long due to the daily push but im bearish longer term

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Keeping my 220$ Target. See you in december. 2019

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Finally something to post about. I’m entering shorts soon. I like this opportunities.

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As price has come to hit some targets, I am looking into the opportunity to sell. I will put TA vs FA to the test once again. Happy trading.

After a few days watching BTC, I would expect to see a reaction.

Ecua_Trader

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