Sirwin
Sirwin

Surfing The Market #7


What market phase are we entering into has been the introductory question for our last appointments.
Welcome to Surfing the Market, we are already at our 7th appointment and I hope that with these easy tech analysis we have helped you and we can help you further.


Let’s start from our usual weekly perspective

BTC

Weekly Chart

The last week has been another consolidation for the price upon the level represented by the yellow line. We will need to pay attention since the yellow line invalidation may open room for potential downwards movements towards 17000$ first and potentially 15000$ afterwards.

This moment is nice to create some accumulation of our BTC reserves, without taking too much risks, like I did just yesterday. That the Order History from my Binance account

BTC

With a couple of small operations (executed in a few hours each) I accumulated 0.0054 BTC. That’s something more than 100 dollars. Last week 6 thousandth of Bitcoin, the previous one 3 and now 5. That to show my efforts to keep accumulating and accumulating BTC, since this type of accumulation does not require brand new money but just some risk instead. I trade risk for Bitcoin. And I try to perform every week a total higher than 3 thousandth of Bitcoin.

Do you know why my target is to gain some portion of BTC to be higher than exactly 0.003 BTC? week? Give your answer here in the comments.

What do I expect from a daily perspective?

BTC

Daily Chart

Here is a daily chart, where the usual continuous red and blue lines are still clearly visible.

Price has bounced on the yellow line meaning that there is a liquid area, where the offer has been absorbed by demand. Pay attention now. I expect a lot of scattering since the liquid demand area below this level will potentially make the price bounce more times.

BTC

Daily Chart

Stochastic is not giving us interesting data and I expect a potential bounce back since the price is getting closer to the Ichimoku Clouds.

BTC

Daily Chart

Price is getting closer to the Cloud, meaning that we can expect a potential move upward.

What to observe particularly?

We have seen the bounce back to 21000$ and another drop. The price has not yet strength to go upwards. I am now looking to what happens now when on Monday the Markets will start trading again. We may see some volatility

Let me know what you think about this new weekly appointment, and what indicators you would like to be taken into consideration more (or even explained).

Stay tuned and be sure to follow to get noticed when my contents come out.

 

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MikeZillo
MikeZillo Verified Member

Daily Trader, Mining Farm Project Manager, Blockchain consultant, Cryptocurrency evangelist. You can find more videos here https://www.youtube.com/channel/UCvyXx6I1C__zmLAYUXNZwQQ? Telegram: @mikezillo


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