Hello Everyone!! Who is ready for daily Crypto analysis and predictions! Thank you for being the ones to see this very first post. It is an exciting time, the past few hours we've seen Bitcoin breakout from "level 1 Support" and it is moving towards $10,000.00.
These are simple predictions that show strong buying passing $10,000.00 reaching between "level 1 and 2 resistance" with the possibility of BTC reaching $15,000.00 by the end of the month.
Here is a hourly chart set with monthly channels
I it is unlikely that BTC will reach $15,000.00 this month based on the daily chart. It looks like BTC is definitely going to reach to $10,000.00 to $12,000.00 and consolidate for another month. Regardless the goal is for it to start setting up for all new time highs!!
Here is the daily chart with yearly channels with the same price movement above
Overall if this move happens or even if the price stabilizes around $10,000.00 than it'll be the determining factor for this bear market to turn bullish.
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Again thank you for taking a look at my first post. I've been a systematic trader for a number of years and in the past I have used my "KEY CHANNEL TRADING SYSTEM" with stocks, futures and options. Last year I was introduced to the cryptocurrency markets and found that the system works soooo well that it appears to be magic.
The magic behind it all is that Support and Resistance is formulated for the day, week, month and year the second one time period ends. Then in fractions of a second the new time periods Suppport and Resistance is calculated and indicated by lines creating channels. It works for literally any liquid market and the accuracy of the formula behind the channels is spooky at times...It amazingly has indicated numerous tops and bottoms and successful breakouts on all time scales BEFORE THESE MOVES HAPPEN.
I've left trading every traditional financial product and completely have focused on trading cryptocurrencies with my system. The best thing is that it blows my mind that there is actually a framework or structure to the madness and volatility we have in these markets.
I will definitely make tutorial videos soon on the system, reshaping your mindset seeing the true hidden key levels of support and resistance, how the market moves then between or out of these levels and most importantly how to act correctly to profit of these moves.
Disclosure
I am not a professional financial advisor and am not offering financial advise. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice.