Good afternoon, on the background of the consensus of 2018, people divided into two camps: some argue that the story will repeat itself and there will be growth, others that this is all a smart deception. We will not dissuade either of them, but will analyze the facts and why now is a good time to try to enter the market.
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To begin with, Russia and Iran can become the first countries to start using crypto-currencies in commodity exchange. This was stated by the head of the commission for economic affairs of the Assembly of the Islamic Council of Iran, Mohammad Reza Purebrakhimi, at a meeting with the head of the Federation Council Committee on Economic Policy Dmitry Mezentsev, Interfax reported. The news can not be not positive, because the goods for cooperation between the two countries are oil and gas, and if the calculations are digital it is difficult to imagine what will happen to the price of the instrument.
Consider the graph h4 We have passed the line of global bear resistance, but contrary to the classical analysis, most likely there will not be a return to it. All this movement clearly coincided with the proportion of the golden section of 1.618, POC RESISTANT was surprisingly located there, now we see a correction of up to 50% on fibbonachi with an emphasis on POC SUPPORT. Correction 5 waves of Elliott were successful
Let's rassotrim All this a little more
At the touching point of the trend line, the volumes increase, the trend line coincides with the control point, the Fibonacci correction line is not violated, what is not the steep bouquet for the entrance?
The turn is visible thanks to the indicator of OPEN INTEREST. We observe two hidden divergences at the same time and on open interest and momentum, which we have as an additional filter.
The conference is coming to an end and the big rally may well begin, we are looking at bitcoin, but we are sitting in altcoyins, the gambling's profitability is higher. Today, several YouTube channels were watched and most of the major channels changed their opinion about the growth of the instrument in the opposite direction, but as you can see, you need to watch and listen to news channels and pseudo traders, you need to look at the chart with your own eyes and think with your own head.
A bit later a post will be published with good variants of the entrance to the altcoyins
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Without going into the details of the calculations, I will just say I've processed more than 150 key fractals. The chart shows possible reversal points that were computed according to the theory of the "golden proportion in the time scale", the larger the number, the more important the fracture of the graph converges at the prepossessed point. Strong movement is not far off, it is also possible to release the Holders, and then the rally, since the two key points are next to each other, the likely stop of the rally on June 3, at this point the largest reversal moves converge
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On the chart, dates are closed, I write in order (expected changes in market conditions): May 17, May 20, May 28, June 3
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Absolutely without panic, open interest continues to draw bullish convergences, and they, as you know, are a leading signal. Rsi rebounded from the overselling zone and draws bullish convergence. The 7800 control point, at the same time, the level of imbalance is not broken, and it is possible to break through for stopovers, but we are already in the deal. 7800 becomes clear the correctional level for the fibs We will wait for growth, then rollback and add, thereby averaging. We remind you that we are sitting in violas, the profit / loss ratio is much higher.
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Divergences showed the signal for a short position, it was possible to trade down, but we are waiting for a rollback to 8200, if the specified price is not broken, we are safely added to interesting violas, if we punch we wait 8000-7800 and keep our fists)) The rebound from 8000 is a strong signal for buy, this is simultaneously a rebound from the ascending trend line and the control point and from the resistance line. While there is no open interest for the discrepancies in the schedule, it's too early to go long)
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We continue to average and accumulate our position. Especially alarming is the sharp change in the moods of the reviewers and the crowd - all are set for shorts, but the task of smarting is to withdraw money, and the price does not rush to fall, so it makes sense to try to go in small portions, averaged. We observe hidden bull convergence on the indicators of Open Interest and RSI. The resistance control point is 7500, at the breakdown of 7600 it is possible to enter a small amount and then on a rollback if there is a rebound. We remind you that we are recruiting a portfolio of violas, we are still interested in seeing a set of smart positions for coinbase
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