Mar 25th 2019, Crypto Chartbook

Quiet and steady

Bitcoin (Bitcoin/TetherUS) has advanced from 3,349 (truly 3,156) to 4,198 USDT (currently to 3,985 USDT at the time of composing this article). That’s a 33 percent  increase. Nevertheless since prices advanced in an up-creep fashion, quiet and steady, it didn’t get noticed as dramatically by the public. This is not atypical after a year of declining prices. As usual, the masses will show interest, when professionals already take their first profits.

Daily chart showing 5 impulses up:

BTCUSDT daily chart as of March 25th, 2019

BTCUSDT daily chart as of March 25th, 2019

We are positioned from a monthly, weekly and daily  time frame perspective. Taking profits here is advisable. Initiating core positions on the opposite, carries risk and we vote against it.

The weekly chart below shows at the yellow arrow a clear doji representing last week to be one of uncertainty. A retracement from here would not be an unusual price behavior.

Weekly Doji:

BTCUSDT weekly chart as of March 25th, 2019

BTCUSDT weekly chart as of March 25th, 2019

Lower time frames still show some strength and candlestick wicks (tails) are the telltale signs of how lower prices get rejected.

60 minute chart describing pat:

BTCUSDT 60 minute chart as of March 25th, 2019

BTCUSDT 60 minute chart as of March 25th, 2019

In short, if you are invested take some partial profits here. If you seek to invest, wait for a more opportune entry time.

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About the Author:

Outstanding abstract reasoning ability and ability to think creatively and originally has led over the last 25 years to extract new principles and a unique way to view the markets resulting in a multitude of various time frame systems, generating high hit rates and outstanding risk reward ratios. Over 20 years of coaching traders with heart & passion, assessing complex situations, troubleshoot and solve problems principle based has led to experience and a professional history of success. Skilled natural teacher and exceptional developer of talent.Avid learner guided by a plan with ability to suppress ego and empower students to share ideas and best practices and to apply principle-based technical/conceptual knowledge to maximize efficiency. 25+ year execution experience (50.000+ trades executed) Trading multiple personal accounts (long and short-and combinations of the two). Amazing market feel complementing mechanical systems discipline for precise and extreme low risk entries while objectively seeing the whole picture. Ability to notice and separate emotional responses from the decision-making process and to stand outside oneself and one’s concerns about images in order to function in terms of larger objectives. Developed exit strategies that compensate both for maximizing profits and psychological ease to allow for continuous flow throughout the whole trading day. In depth knowledge of money management strategies with the experience of multiple 6 sigma events in various markets (futures, stocks, commodities, currencies, bonds) embedded in extreme low risk statistical probability models with smooth equity curves and extensive risk management as well as extensive disaster risk allow for my natural capacity for risk-taking.


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