We are about to hit a very important spot, and this is very critical because it will indeed dictate how things will go for the short term. BTC is about to test the recent landing spot of Nov. 24th and this is very simple; If BTC refuses to go lower than that green line, we are at the bottom, if BTC dips below that green line we will try to eventually touch the $4800 area and when we do that we shall have a very strong move up.
The bottom is not a quick touch and then "move up" quickly process, the bottom is an event, meaning it will touch a line of support over and over until it establishes it as very strong support. BTC could be in the process of doing so and the line to watch is the support trend line that started back last year -- which is that green line. Lastly, We have now hit 2 out of three of my suggested buy zones. I hope you have followed my advice and you have put 60 to 65% into high performing alts.
Hitting the "Like" button is like a tip, please don't forget to do so after reading, this is your way of paying me for my time.
Follow me and you'll know exactly which coins to buy and when to buy to maximize your profits.
NOW, THE LEGEND;
Support trend lines are green
Resistance trend lines are Red
Horizontal support lines are white, the thicker the stronger the support
50 Moving Average is yellow
200 Moving Average is white
THE TREND: Going Down but finding stability
THE OUTLOOK: Beginning to see the end of the downtrend a rally may be coming soon.
The bottom is not a quick touch and then "move up" quickly process, the bottom is an event, meaning it will touch a line of support over and over until it establishes it as very strong support. BTC could be in the process of doing so and the line to watch is the support trend line that started back last year -- which is that green line. Lastly, We have now hit 2 out of three of my suggested buy zones. I hope you have followed my advice and you have put 60 to 65% into high performing alts.
Hitting the "Like" button is like a tip, please don't forget to do so after reading, this is your way of paying me for my time.
Follow me and you'll know exactly which coins to buy and when to buy to maximize your profits.
NOW, THE LEGEND;
Support trend lines are green
Resistance trend lines are Red
Horizontal support lines are white, the thicker the stronger the support
50 Moving Average is yellow
200 Moving Average is white
THE TREND: Going Down but finding stability
THE OUTLOOK: Beginning to see the end of the downtrend a rally may be coming soon.
