BTC - Bitcoin Loading Zone - $7900 to $8600 OR December 1st

2019年11月16日

Based on my technical analysis we are in a loading zone until December 1st or price crosses Gaussian Channel midline.
I consider anywhere from $7900 to $8600 an excellent long entry point.
If RSI goes to anywhere around 30 on the Daily, this is a excellent buy point given our current price.
The farther price gets away from Gaussian Channel midline, the stronger it whips back to center (and typically crosses).
Around Oct 20 price went above upper channel boundary, indicating turn to bullish.
We are seeing the retest of the center line before price crosses the midine.
If we look at the larger patter on the Daily, we are still in a Bull Flag or Pennant formation.
Everything is pointing to a bullish reversal here. :)

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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure -
Long - MARA, GBTC, BTCUSD, GDX, VIXY .
Short - AAPL and SPY.

I will have some other short entries (Shorting or Put Options) I will be posting this week coming up for the Holidays. :)