Bitcoin Support Zones - Primary Term Trend is Still NET BULLISH



We have 3 very important time frames to judge when we're looking at the trend and here is where Bitcoin falls in with those 3 key times frames:

NEAR TERM TIME FRAME: hours to days of trend/dat → BEARISH

INTERMEDIATE TERM FRAME: days to weeks → NEUTRAL

PRIMARY TERM TIME FRAME: weeks to months → BULLISH

Right now Bitcoin is bearish on the nearterm time frame, neutral on the intermediate term, but still deemed bullish on the primary term trend. Until proven otherwise, the benefit of the doubt continues to go to the buyers of this market and Bitcoin in particular. The primary term trend doesn't change from bullish to bearish overnight. It's something that happens in a series of weeks of trading behavior. We would need to see a complete break of the primary term trend. And even a breakdown of the primary term trend doesn't mean that a confirmed uptrend would be dead....that trend itself would fight like hell to resume it's upside. Very strong trends that inevitably break almost always will be FOLLOWED BY A RETEST OF THE BREAKDOWN THAT FALLS SHORT. We are nowhere near there at the moment. Again, until proven otherwise, Bitcoin is till in a confirmed uptrend on the alarger trend, and this pullback would be bought. What we'll be watching for is how Bitcoin deals with the bounce.

Bitcoin has obviously negated the double-bottom setup that was outlined last week. What's more likely at this point is for Bitcoin to retest the $10,500 area and show us a strong bounce off the last $10,500 low that occured back on December 22. What we should eventually see is a strong bounce that take Bitcoin up anywhere from 30% to 60% higher off the bottom of that next bounce.


We have been through 7 corrections so far since the beginning of 2017....this one is the most dramatic in terms of depth of pullback as it eclipsed the -41% correction in June of 2017 with this pullback being so far as deep as -47% from peak to trough. Notice our table on Bitcoin's historical Pullback Cycles below.

You'll notice we're now @ day 30 on this correction from the highs. The last correction that went this long bottomed on day 33 of it's cycle. So it's very likely we should see this flush start to reverse any day now. Be patient here. All of this will present extraordinary trades setups. We will be showcasing several of those tradesetups that are included in our Sleeping Giants report. What better time to buy those positions then when everything here is on a fire sale.

Members update coming with our Buy Alerts on those positions no later than tomorrow.


Some of the greatest pearls shared by Jesse Livermore:

“Money is made by sitting, not trading.”

“The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money everyday, as though they were working for regular wages.”

“Buy right, sit tight.”

“Nobody can catch all the fluctuations.”

“There is a time for all things, but I didn’t know it. And that is precisely what beats so many men in Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. Not many can always have adequate reasons for buying and selling stocks daily – or sufficient knowledge to make his play an intelligent play.”

“It takes time to make money.”

“Don’t give me timing, give me time.”

  • stocktwits social icon
  • Twitter - Black Circle
  • Facebook - Black Circle
  • YouTube - Black Circle

513 Garden St - Studio C  |  Santa Barbara CA 93101       info@bottrigger.com  |   805-825-7777

© 2016-2019 by BotTrigger Inc.

These results are based on performance results that have certain inherent limitations. Each trade is executed in BotTrigger's S-Corp trading account in the BotTrigger portfolio managed exclusively by Mike Saad, founder & CEO of BotTrigger of Lovical Inc & MomentumStockAlerts.com Inc (umbrella corp). The performance results shown in BotTrigger's portfolio may vary at certain times of the day due to our API feeds that pull the current price of open or closed positions from Yahoo Finance.  Although BotTrigger has consistently outperformed the S&P 500 benchmark by more than 50% per annum since inception, August of 2016, no representation is being made & or promised that any account will or is likely to achieve profits or losses similar to these being shown. BotTrigger so far this 2018, is on pace to achieve it's largest annual YTD return now in it's 3rd year since inception. This performance assumption is not promised but is being communicated that so far we have achieved the highest rate of return on a YTD & YOY (year over year basis). If a majority of our trade setups fail to materialize based on our analysis or trade thesis, it is absolutely possible to close below our running 50% average if not negative. BotTrigger may & often times does  implore hedging strategies and/or stop-loss precautions in the event that the BotTrigger portfolio sustains heavy losses that might cause the cumulative net value of BotTrigger's portfolio value to near below our 50% threshhold of YTD gains. Our goal at minimum is to be up YTD by up to at least 50% or greater. In the event the net weighting of our trade allocations drops the entire portfolio value below this threshold, then triggered sell signals are generated to reduce to a sizeable position of cash.

Past performance is no guarantee of future results and may not reflect potential deductions for fees which may reduce actual realized returns. Any historical returns may not reflect actual future performance and any investor on BotTrigger may experience different results from those shown. All our trade alerts are real-time but in some cases may be delayed due to technical delays with our SMS/MMS delivery provider or the speed in which a Member's mobile carrier accepts the depository of our delivered communications and then how soon a Member's carrier may deliver that trade alert/ message to our Members. Delivery times are nearly instant from the time we click "SEND" and often delivered to Member's mobile phones within 10 to 30 seconds; but on very rare occasion that delivery might get bounced or delayed; again this is rare but it has been known to happen. There will be times that BotTrigger's communicated entry is below or above the pricing our Members may receive communication due to market delays or delays with our SMS/MMS Mobile Text delivery provider, EzTexting 

Disclaimer: Neither the SEC nor any state securities commission or regulatory authority approved, passed upon or endorsed the merits of any investment on the BotTrigger platform.

BotTrigger’s services do not constitute “crowdfunding” as described in Title III of the Jumpstart Our Business Startups Act (“JOBS Act”). BotTrigger does not accept any trading capital from Members or any respective parties with regards to BotTrigger's S-Corp under Lovical Inc & MomentumStockAlerts.com

Privacy Statement