Forecast and levels for Cryptocurrencies - page 27

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Sergey Golubev
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2019.07.05 06:33

Crypto News - Bitcoin: ranging bullish; 13,884 is the next target (based on  the article)

Bitcoun/USD weekly Ichimoku chart by Metatrader 5

  • "I did a forward many year ago to a reprint of an investment classic,  How I Made $2,000,000 in the Stock Market by Nicolas Darvas. His system to ride bubbling stocks was to put a box around temporary price equilibrium points in the market action to indicate a continuation of rally or its end. He didn’t think of it like that, but that was what he was doing. Without predicting what happens next this is the way to judge what is happening, but while it is at the equilibrium it doesn’t tell the direction of the next move, until that move is underway.” 
  • "So right now, it’s a way to trade this situation when the signal kicks off, but we are not able to know now whether it’s going up or down using this idea. However, that is what we want to know as the price swings 10%-20% up and down."
  • "Make no mistake, this is an incredibly dangerous market. Make sure you are able to sell. Make sure your bitcoin is safe or that the custodian is bullet proof. If you are going to play this game, have a plan and stick to it. Markets don’t care about theories, they have no remorse, they do not stop. Like any captain on an uncharted sea you have to always be vigilant, take observations and soundings and be prepared to tack. You can call it 9 times out of 10 but it only takes one rock to sink you. On such a sea we are now afloat."


The chart was made with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicators from CodeBase:

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