RE: BTC Wedge Broke to the Upside - Long-term BTC Analysis Oct 16, 2018

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BTC Wedge Broke to the Upside - Long-term BTC Analysis Oct 16, 2018

in btc •  6 years ago 

I still think it's too early to call BTC a breakout. The buy stops got crushed, it was met with significant selling. I think we need a stronger showing before getting long. I wrote about my concerns here a couple of days ago.

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I'm not a day trader. But thanks for the input, will definitely read this article. :) I don't have to see the volume to predict it's there, because I'm predicting a month or more out. It's not possible to see the volume for what I'm trying to do. It's a prediction about mental sentiments of individuals, in advance of them making decisions that would feed into technical analysis.

Watch this vid to understand more of what I am doing, start at about the 2 min mark: