When to Buy Bitcoin and sell, rebuy for next 5months?
hi guys. today, another gloomy day since btc broke down 200MA. this indicates that btc will go for at least 4~5month of bear market before it will go back to 10k's.
so, we all question. when to buy btc now? when to sell and rebuy?
the answer is all in the monthly btc chart.
as you all know, btc has followed almost the same pattern as always. parabola growth/triangle breakdown/retrace/consolidate and grow again. easy pattern.
so now is time where, you have to look at long terms. expecially the monthly chart. see, after btc breaks down
the parabola, and the triangle, there are two moving averages, and the down trendline all the way from the top.
9ema, and 21ema monthly. 9ema is blue line, 21 ema is orange line.
so btc always bounces from 21ema up to 9ema at least once, even it is in bear market.
after that it could bounce a bit more from 21ema, but it will break down.
so, point now in october is there is chance for buying from 21ema(now at 6766), and sell above 9ema(now at 7800).
the first bounce will be harder, i believe it will surpass 200ma(8300) and go to around 8800/9100 zone.
now, that swing trade will come in october. i think around october 10th~15th, to November early.
that 21ema is also the bottom line of the support zone from 9600, so that also boosts this idea.
after the bounce retrace could come all the way back to 7k zone, and minor bounces can happen.
however, in November or latest January, i think it will break down 21ema at 6800, and fall all the way down to 4000/5000 area.
i believe that will be the final capitulation. and it will break downtrend and go up to 10ks. that will be good spot to buy.
so simple right? this key rule i believe is fine to cope with. so one swing trade coming up now i believe.
the price just broke 200MA at 8300. so do not buy in at 8k zone guys. of course, i do not think you would lose money in a month term, but try to buy lows from 7400/7500 zone to 6700,6800 zone. even if price cuts through 6700 zone, i do not think it will close under 6700 monthly wise.
so my idea is this: buy btc or altcoins at 6700/6800~7500k areas in coming 2 weeks and sell above 200ma, i think 8800/9100. it might not even touch 21ema at 6800, 7k area, 7000~7500 could be the last. but knows, this crypto world.
happy trading!
so, we all question. when to buy btc now? when to sell and rebuy?
the answer is all in the monthly btc chart.
as you all know, btc has followed almost the same pattern as always. parabola growth/triangle breakdown/retrace/consolidate and grow again. easy pattern.
so now is time where, you have to look at long terms. expecially the monthly chart. see, after btc breaks down
the parabola, and the triangle, there are two moving averages, and the down trendline all the way from the top.
9ema, and 21ema monthly. 9ema is blue line, 21 ema is orange line.
so btc always bounces from 21ema up to 9ema at least once, even it is in bear market.
after that it could bounce a bit more from 21ema, but it will break down.
so, point now in october is there is chance for buying from 21ema(now at 6766), and sell above 9ema(now at 7800).
the first bounce will be harder, i believe it will surpass 200ma(8300) and go to around 8800/9100 zone.
now, that swing trade will come in october. i think around october 10th~15th, to November early.
that 21ema is also the bottom line of the support zone from 9600, so that also boosts this idea.
after the bounce retrace could come all the way back to 7k zone, and minor bounces can happen.
however, in November or latest January, i think it will break down 21ema at 6800, and fall all the way down to 4000/5000 area.
i believe that will be the final capitulation. and it will break downtrend and go up to 10ks. that will be good spot to buy.
so simple right? this key rule i believe is fine to cope with. so one swing trade coming up now i believe.
the price just broke 200MA at 8300. so do not buy in at 8k zone guys. of course, i do not think you would lose money in a month term, but try to buy lows from 7400/7500 zone to 6700,6800 zone. even if price cuts through 6700 zone, i do not think it will close under 6700 monthly wise.
so my idea is this: buy btc or altcoins at 6700/6800~7500k areas in coming 2 weeks and sell above 200ma, i think 8800/9100. it might not even touch 21ema at 6800, 7k area, 7000~7500 could be the last. but knows, this crypto world.
happy trading!
ความคิดเห็น:
it could break down to 6800 coming week. be careful.
short term, it can go to 8000/8100. but that could be it.