Bitcoin's Turning Point

9 de fev. de 2018

I believe Bitcoin will rise from 6000, though I have limited knowledge on Elliot's Wave Theory on market behavior I have set what I theorize is to occur. Price will retrace at this point as it forms an uptrend. This I believe is the point of reversal to the upside. Bitcoin retraced to the 300 Daily EMA which I believe is sufficient. The T.D.I Indicator shows Market Baseline is low under 50 level which would mean to me that prices are low enough for buying power. Also the T.D.I Volatility Band is just near 50 probably enough to double confirm M B L's condition I expressed. MBL though could present itself as resistance to my T D I's Relative Strength Index line and pressure prices (& RSI) lower which I consider much less likely to happen since I have explained concerning VBhi & MBL's condition.

9 de fev. de 2018

Nota

Within Traders Dynamic Index indicator mentioned:
MBL = Orange Line
High/Upper Volatility Band = Upper outer Navy Blue (Purplish) Line
RSI = Green line

9 de fev. de 2018

Nota

16 de fev. de 2018

Trade fechado: objetivo atingido

20 de fev. de 2018

Nota

I do not master the skill of the Elliott Wave theory.

22 de fev. de 2018

Nota

Indicator Recommended: Traders Dynamic Index