Trader_Bean

Trader_Bean Updated 

Looking to trade this long from the monthly which is confluent with the golden pocket of recent move and also top of the long term channel. Simple 20% move if plays. 2.1 RR.

Trader_Bean

I think this one is setting up for a nice upwards movement and would like a further drop into my buy zone which is confluent with the Monthly level and the golden pocket retracement of the big move up. Will we get there? I don't know but if we do I will be looking to go long.

Trader_Bean Updated 

These DEFI projects are going crazy and i've been looking for an entry on this one. Maybe this is it if it gives. We just saw an extension based on Fibs to the 2.618 based off the 10th May low, 26th May high and the 27th June low. What i'm looking for now is a pull back to the channel high which is confluent with a Daily level, Fib golden pocket and the...

Trader_Bean

I think something similar to this could play out. Lines in white are monthly close levels. We play out in the triangle, break to the upside, swing failure the high around 9470, then drop just before the halving. Let's see. What do you think will happen?

Trader_Bean Updated 

The last DCR idea i posted here was a short pretty much from the target of this trade. It worked perfectly although it took 2 months to complete. With that said, this trade i am taking all the way back up. We are at monthly support here (yellow line) and i aim to take it back up to monthly resistance. A BIG 60% move. My SL is below the swing low (white...

Trader_Bean Updated 

I think we run down quickly soon, grab some liquidity from the daily level at 6880 and make everyone think we're heading to hell before reversing and smashing through the yearly open at 7168.

Trader_Bean Updated 

Ok, we got the move i was expecting in my last post, so what now? I think we see the meme head and shoulders play out over the next week or so with a bounce and reversal from around the 5300 region (also the 200 week MA) I guess a lot of people will be looking at this too so let's see. Still got to be bullish going into the halving in the middle of May so i...

Trader_Bean Updated 

Bitcoin currently trapped in a short term channel within a larger rising channel. Still unclear what is going to happen. My idea is that we come down to 5800 region, grab some liquidity then head off to the weekly resistance around 8000 where we will see a larger correction. Let's go!

Trader_Bean Updated 

Good morning all. We've had a fun few weeks haven't we? Jeez! There has been a few 'underpants filling' candles for sure! If you made some money from those moves then well done, i think most got hammered though. So, i'm thinking that over the next day or so we see a revisit into the low 5's to test daily and weekly support there (highlighted with green and...

Trader_Bean

Massive head and shoulders with target to zero. A joke? Maybe. All of this stuff is complete garbage at this point.

Trader_Bean Updated 

I don't have a position in this as was always wary because of it's sketchy launch but i think i'll be patient and try grab an entry on the retrace of this channel into the weekly support around $1.83 area which is also confluent with the 0.618 fib (not shown) Failing that i think we bounce off the bottom of the channel, monthly support and also long term...

Trader_Bean Updated 

So Bitcoin ploughed through all supports like they were nothing and totally rekt any breakout traders who traded that triangle breakout above 9200. Anyway, here we are. So what now? I think we are still at the mercy of global markets and are highly correlated to them. In the short term i think we still head lower into the monthly levels at around 7560 and then...

Trader_Bean Updated 

Lot's of hype on this project and no doubt it's with some merit but i think we'll see more of a consolidation in this channel with it finding it's bottom some time in the middle of March around 0.618 Fib retracement level. Thoughts? Obviously, we could breakout very soon and this idea would be forgotten and i will never mention it again.

Trader_Bean Updated 

I've grabbed this candle stick pattern from the bottom we formed back in December-Jan. I noticed the similarities last week so decided to overlay the actual pattern and scale it to what we see over the last week. Can it provide some insight to where we are going over the next month or so? Or is it BS? Let's watch over the coming month.

Trader_Bean Updated 

I love this project and hold as a hedge to Bitcoin but can't help but feel that we're going to break down versus Bitcoin soon. Descending wedge type pattern playing out. Let's see. Let me know what you think.

Trader_Bean Updated 

I think XMR takes a trip down to test the 200 at around 7300 sats which also has strong support. Still bullish on this but think we go lower for now.

Trader_Bean Updated 

My last thoughts on BTC were wrong after 9550 failed to act as support. Caught me out and i got burned. What now? I think we are bottoming around here but could very well see a bounce to low 9050 area before a quick drop to SF the low from Jan 24th as indicated with the arrow. That area is in confluence with a monthly and also a weekly level which should do...

Trader_Bean Updated 

We bounced in the previous area i highlighted but didn't hang around long which indicates strength to me. I expect we slowly move upwards from here and eventually retest the local highs around 10.4 - 10.5 maybe early next week. We have the weekend coming up though so maybe we'll see some high level shenanigans to shake the tree a bit more but ultimately the trend...