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30 Apr 2020 11:58:14 UTC
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Technical Analysis: 5th Feb: What's Next for Bitcoin BTC & Ethereum ETH - OMG 100% Accurate so far!
Thursday BTC and ETH Entries and Exits, Targets, All you need to know to trade profitably today and for this week.

Most of the video is dedicated towards Bitcoin technical analysis but if you’re also instrerested in Ethereum technical analysis then stayed tuned right to the end. In fact, if everyone could stay tuned to the end anyway it would be a great help to my stats and let the videos I put out daily be seen by more people.

What is going on? How are you all doing? I miss you guys! Say hi sometime! Lol. Just kidding, its great to see you all again today and go through the charts with you, another daily video today is the 35th one I’ve published and I’m yet to put a foot wrong when looking at the charts, How long can this good run go? I don’t know, but no trader is profitable in every single trade. Trading is all about risk management and being willing to take a loss and being willing to be wrong. The quicker you realise you are wrong then the less you’ll lose in the long run that is the best way to make a profit.

In this video I explain all you need to know about the BTC and ETH price action for today and make it a nice and quick easy to digest 20 minute run through using the 10 simple moving average, 200 simple moving average, 21 exponential moving average, 55 exponential moving average, 100 and 200 period expontial moving averages. Horizontal support and residence lines, they’re more like zones to be perfectly honest, and fib retracements. Using all those tools alongside three momo or mom or mommy or momentum oscillators down below, the RSI, Stochastic and MACD. It’s a beatufitul combination and it’s how I’ve been trading for years. In the near future I think I will show a few other types of indicators and techniques, perhaps look closer at patterns, harmonics and general things like that but for now I am sticking to those to keep it simple and to be frank it is all you really need. A simple strategy that works is better than a complicated one that doesn’t. Better than a complicated one that does too, let’s face it.

In this video we are looking at the support zone of 9200 but initially the area that we just broke back above the 9400 or so price and looking to the future, the 9500 or so price level and beyond.

Thanks to YouTube for the audio / music in this episode.

Today is Wednesday the 5th of February and this is Episode 35 of Technical Analysis with Rocky Outcrop. Thanks for joining me for this start of week special Monday analysis.

All the best Rocky Outcrop #Bitcoin #BTC #Trading #ByBit Donate with BTC: 1Ekw5XXTaUnjvpSnxewPxpz4U9HVGzvYa6 Follow me on Twitter - @Rich_C The video background used in todays video was curtesy of the creative commons licence from https://vimeo.com/168761372 Christian Felber - MIG
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