Below two main indicators that will help you identify a trend change.
1. Higher highs, Higher lowers - Current resistance ( supply zone ) is at $9400. 2. If Bitcoin reaches the supply zone, a small correction (such as a bullish flag ) is welcomed, otherwise not so good.
** Moving Averages won't work at this current stage.
public fear makes sense but it's 100% manipulated sells creating mega volume in that quick time period. Most people in the public don't sell all at the same time and are paying that close attention to the SEC ruling
RemiManwar
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@alteredend, exchanges are unregulated and they manipulate price whenever they want taking everyone’s money. Huge casino and the house makes all the money and never loses. They are getting too greedy crashing the market a few times since December. Also, the mt gox trustee dumped 35mm btc and about 33mm bch and still sitting on a boat load. They have a court order to sell whenever price is high supposedly.
Flow-Like-Water
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Good day to you Abdulla,
Once again, thank you for you analysis and teachings.
I am on a quest to master the markets such as yourself. Been reading Wyckoff's stuff lately.
I would absolutely love even the name(s) of any book that you would recommend and I will study the material with a passion.
I would also love to attend any other webinar's you hold as your last was very enlightening.
Thank you,
Mike
dustyPH
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RSI might show oversold but that doesn't mean we are going up. All other technical show we are headed further down