Here are the points discussed in this trade idea:
Bitcoin's November Historically.
Reversal candle + higher lows.
Increasing volume .
Altcoins market update (Litecoin’, Bitcoin’ Cash, Ethereum’, Cardano, etc.).
Bitcoin's November is Always Bullish
Starting back in November 2013, Bitcoin’ has always been bullish the month of November, with the exception of 2016.
I've prepared some charts for you, with much love and dedication, so that you can appreciate what I am talking about... Let's take a look, tell me what you think in the comments section below, but first the charts:
Nov. 2013 (+484%)
Nov. 2014 (+49.51%)
Nov. 2016 (Sideways)
Nov. 2017 (+111%)
Nov. 2018 (Coming soon)
Now let's take a look at a different signal.
Reversal candle + higher lows
A Doji is candlestick that can be very useful when it comes to reading charts. Doji can come at the end of a trend to signal a trend reversal. In the chart below, you will see several of these candles marked with a yellow circle.
Additionally, you will see higher lows being created and a clear uptrend the past few weeks. These are bullish signals.
Here is the chart:
Increase in volume
There isn't much volume , not much at all... But today, volume on the bounce is higher than any day the past two weeks. Not high enough to be a strong signal on itself, but high enough to set a higher low.
In my earlier analysis, I predicted this bounce way before it happened, by spotting "hidden bullish divergence" on the RSI .
Altcoins market update
The altcoins market continues to heat up. Each day I post several different charts with altcoins that are breaking out and generating massive gains.
Those altcoins that went on huge runs are maintaining their price on the retrace and creating higher highs and higher lows.
This is a really good signal for the bull run that we are expecting (and have been expecting) in months to come.
The fact that the altcoins aren't bleeding when Bitcoin 0.02% drops is another great signal of strength for the entire altcoins market.
One last note, is the fact that they've been moving in an uptrend since Mid August for most. Additional bullish action is expected for most small altcoins, as the market is looking now, in the weeks to come.
Big market cap altcoins, such as Litecoin’, Bitcoin Cash -0.32% , Ethereum’, Cardano and others, are moving with/like Bitcoin’. Since we are in the early stages of a bounce from a bottom, these coins are too big to move, so they will move when Bitcoin’ does. For the smaller altcoins, feel free to trade and profit as much as you want.
Thanks a lot for reading.
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Alan Masters here...
I LOVE YOU DEEPLY...
Now & Always.
Namaste.