bolyx

BTCUSD DAILY CHART ANALYSIS Following up on my previous analysis. Here I have the Daily Timeframe Update. Looking at the recent trading activities following the longer timeframe biased. The Month of September was met by a bearish tone which was evident on the Sell off indicated on the Rectangular Box and currently as the rule of thumb that will be followed by a corrective move which I can equally confirmed we are on right now. The correction however was met by another sell off which failed to generate a new low. Based on this the trend hasn't change and if we can maintain to stay above $8830 any selloff or lower prices can still be used as an opportunity to buy BTC.My Biased still remain mildly bullish but on the longer horizon we are in a massive longerterm consolidation and I am not going to be thinking of BTC will go to $20k or $100K for now but will be watching carefully if we will trade closer to $9K before having an over extremely bullish thought. Thanks. The next post will look into short term technicals.

Dear All, I will like to say thank you for reading my posts. In this topics I will be sharing some insight into expected price levels on different securities where we can look for reactions to either BUY,SELL,TAKE PROFIT or EXIT our positions. So I will encourage you to sitback and relax for various trading opportunities. Also I will like to point out that this is for information and educational purposes only. If you have not traded, I will implore you to note that as much as there is huge rewards so ALSO IS THE RISK OF LOSS THAT IS POTENTIALLY POSSIBLE. Therefore aim to ask question and learn how you can mitigate against such challenges. My 1st POST will be on BTCUSD Above is the Monthly Chart of BTCUSD currently trading @ $10688 at the time of writing this. I want to call your attention to some timings. 1st Last Month Trading activities shows a lack of upward directional continuation which ended up in an indecisive months and the expectation of the, New Month of September can potentially be bearish especially failing to close above in those price zone of $11750 and $13965. Having note that Technically this Month of September Bearish tone is likely going to continue if we close below 10559 low of last month(Important Reference Point to Note) For now we are in potentially postive territory as we are trading above 10559 @ 10688. Look forward to the lower timeframe analysis of BTCUSD n my next post.

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