This is why you should follow me! I predicted a breakout move and while I didn't commit to a direction, I did recommend you not make an entry at the price level indicated on the last chart. I stated in my last review of BTC just hours ago:
'I need to see confirmation of the 3rd data point on the support and resistance price level to make a bull or bear call. Right now, it just looks like we are range trading with the high probability of a $150.00 first 4hr candle move north or south. when and if, we break free of this range trading ."
I missed the first 4-Hour breakout by 20 dollars, but the real question is, how did I come up with a breakout price in the 4-hour and get so close? Believe it or not, I didn't guess. If you want to trade like the professionals, I recommend you hit that follow and start learning from almost 30 years of trading experience.
If you decide not to follow, come back every now and then and watch how close I get to predictive breakouts and how well I explain my reasons. To those of you who took my advice to hold off for better pricing, congratulations, I saved you a few bucks. And if you move the previous chart you will notice I had a support level further down the chart which was not seen in the last chart. You should always move my charts around, expand them and look at my trend lines and you will start to understand how I put together my TA and written analysis. My only hope for the people who follow me is to hopefully save them from a bad decision and help them into a good decision to make an entry or exit. I cannot trade for you, nor is it my responsibility to tell you when and where to enter or exit a trade, but I might be able to show you how simple I make this very complicated TA look. What you don't see are the indicators I remove before publishing my charts. I do this so the charts are not cluttered with indicators that most people do not even fully understand.
All you need to know is the significant support and resistance price levels. Are we entering a volatility squeeze and how great will the price action break out be? I find this very challenging and a lot of fun, and I hope you do too. My goal is to put together a group of traders who can exchange ideas, have fun, and MAKE MONEY! I am also ready to learn from others and have no problem asking for help, so if you have something to add, please do.
A little Outlook on BTC since the move south:
I really am Bearish on BTC. The alt-coin markets are so heavily correlated to BTC you almost have to chart it. Where BTC goes, so goes the alt-coins, and many of the traders that follow me remind me of that regularly. It's frustrating charting alt-coins because it seems redundant as BTC controls all the markets price action. I am cautious with BTC and see more volatility the closer we get to 3k. I will give some Serious thought to entering a position in BTC the nearer we get to 3k. As for now, I am a cautious observer. I like XRP under $.30 and ETH near $100, so that is where my mind is now!
Good Luck,
Biff
'I need to see confirmation of the 3rd data point on the support and resistance price level to make a bull or bear call. Right now, it just looks like we are range trading with the high probability of a $150.00 first 4hr candle move north or south. when and if, we break free of this range trading ."
I missed the first 4-Hour breakout by 20 dollars, but the real question is, how did I come up with a breakout price in the 4-hour and get so close? Believe it or not, I didn't guess. If you want to trade like the professionals, I recommend you hit that follow and start learning from almost 30 years of trading experience.
If you decide not to follow, come back every now and then and watch how close I get to predictive breakouts and how well I explain my reasons. To those of you who took my advice to hold off for better pricing, congratulations, I saved you a few bucks. And if you move the previous chart you will notice I had a support level further down the chart which was not seen in the last chart. You should always move my charts around, expand them and look at my trend lines and you will start to understand how I put together my TA and written analysis. My only hope for the people who follow me is to hopefully save them from a bad decision and help them into a good decision to make an entry or exit. I cannot trade for you, nor is it my responsibility to tell you when and where to enter or exit a trade, but I might be able to show you how simple I make this very complicated TA look. What you don't see are the indicators I remove before publishing my charts. I do this so the charts are not cluttered with indicators that most people do not even fully understand.
All you need to know is the significant support and resistance price levels. Are we entering a volatility squeeze and how great will the price action break out be? I find this very challenging and a lot of fun, and I hope you do too. My goal is to put together a group of traders who can exchange ideas, have fun, and MAKE MONEY! I am also ready to learn from others and have no problem asking for help, so if you have something to add, please do.
A little Outlook on BTC since the move south:
I really am Bearish on BTC. The alt-coin markets are so heavily correlated to BTC you almost have to chart it. Where BTC goes, so goes the alt-coins, and many of the traders that follow me remind me of that regularly. It's frustrating charting alt-coins because it seems redundant as BTC controls all the markets price action. I am cautious with BTC and see more volatility the closer we get to 3k. I will give some Serious thought to entering a position in BTC the nearer we get to 3k. As for now, I am a cautious observer. I like XRP under $.30 and ETH near $100, so that is where my mind is now!
Good Luck,
Biff
