Trading BTC on a Volatile Reversal

Trading BTC Reversals

BTC (Bitcoin) just pulled off something it hasn’t done for over 2 years.  It reversed a sell signal from our Long Term Oscillator in just 8 days.  Most traders know that trading BTC is extremely volatile and once price starts moving in a certain direction it is very hard for a reversal to occur.  Our Long Term Oscillator works very similar in terms of going from negative momentum to positive momentum.  Whipsaws do happen around the zero line but when you are trading BTC it rarely happens.  In this analysis…

Litecoin is not dead!

Despite an 87% drop from the high of $440 in December LTC appears to be setting up for a counter trend move.  On this weekly pattern we see a pretty clear falling wedge forming and price is looking to break out above the declining trend line. RSI has gone sideways since the beginning of August at just under 40 and the MACD has moved sideways as well at the extreme oversold levels.  Markets bottom by exhaustion and it’s pretty clear that buying volume has dried up since December.  Falling wedges…

Weekly analsysis of BTC charts!

August 5,2018 Bitcoin Analysis Daily/Weekly charts Chart provided by Tradingview.com   On the Bitcoin (BTC) Daily Chart you can see in the first section that since the start of the year BTC has been making a series of lower highs and there is no sign that this is changing as of now.  Until BTC can make a higher high from the July high then BTC has limited upside.   The 2nd section which is the MACD shows that there are 3 crossovers to the downside after each high in price. …