cryptoGats

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Timing is everything! When you enter a trade and when you close a trade determines your rate of success, with this in mind let's answer a common question: Can you make it as a day trader in Crypto? The answer is simple and unequivocal, NO! Why? You don't have that many options, the coins are very few and they all move in the same direction as BTC. Other than the...

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After the last winning run, I showed you that support and resistance is a very simple concept that will make you money. We buy at an area where there is a lot of support and we sell as soon as we hit resistance, it works consistently and your number of winning trades will go up a lot. What is the key ingredient of this style of trading? Simple, patience and...

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When this happens you have no choice but to pull the plug, it is pointless to keep going. It happened three days ago and the best thing to do in cases like this is to leave, pull-out, end it! So yes I am talking about me being 100% percent back in cash after we hit resistance. Just as I predicted the small pivot BTC made meant that it was gonna try to reach out...

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We are extremely close to our $9100 goal, what made BTC go down after getting so close yesterday? Simple, weak hands and manipulation. Weak hands mean that a lot of traders sold before the goal, manipulation means that the exchanges then went stop loss hunting, which is why it is best not to set stop losses. Now, let's not lose our heads let's keep things in...

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BTC is currently resting atop the 100 moving average on the 1-day chart, this moving average is going to start pressing Bitcoin for an answer in the next few days. As you can see the ceiling, for now, is the white resistance line. I am optimistic that BTC will jump above the resistance line, why? We have not lost the 100 as support for a few days, this means that...

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Part of going up is going down, no asset ever goes up and continues going up. the current pullback is part of going up so long as it does not close too many times under support. We have now closed once under the 100MA, we have to return above it tonight or tomorrow night at the latest. For now, it seems to be running down the old resistance line now support, as...

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When do you know that BTC is going up even though it looks like it is going down? Simple, the constant bluffing, it keeps dipping under the trend line but goes back up before it creates irreversible damage. What is irreversible damage? Closing too many candles under a trend line or a moving average, because if it closes too many candles under resistance it creates...

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Back on December 20th, I noticed that BTC has started a shift towards going up. When you gain enough experience you'll see these shifts the day they happen and you start cashing in on them right away. I was making a case against the tide, footprints of a pivot are very subtle and most analysts can't see them. The consensus was that we were going down some more, my...

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Where we are right now has all the makings of a temporary bottom, we've been trying to overcome this $7000 to $7500 area since November 21st, and at this point, the headline is that BTC refuses to go down, that shift I pointed out on the last post is very telling. If you look closely at my 1D chart you can see that we have been testing all kinds of support while...

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A few weeks back I made a post about how BTC appears to have made a shift from running downhill to starting a slow uphill jog. Is this slow walk uphill going to hold? So far it has (for two weeks now) but we're about to find out since we are coming up to a decision point very quickly. There is one area of concern that can answer the question, but we'll circle back...

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BTC better get on board or it will find itself on the bad side. As you can see the 50MA is dropping towards the trend line, once those two combine forces, it will become strong resistance, but if BTC goes over the 50MA the two become strong support. I will breakdown for you the two options in detail. Keep in mind we are focusing on the big moves, not the little...

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BTC finds itself under an ultimatum, action has to be taken soon or it will be forced into making a choice. As things stand right now price is being squeezed between the 50MA and the green trend line. What action does BTC need to take? Bitcoin is showing a lot of weakness but keep in mind that in trading what you see is what the manipulators want you to see, the...

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BTC is making some interesting moves and answering some questions along the way. What we saw over the last few days was predictable but we are beginning to go into behavior that's a little dangerous. After reaching out to the 50MA on the 1-day chart, which I called "First Serious Obstacle" -- and now you see why-- got rejected in a decisive way (from $7700 to...

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I hope you all have a greater appreciation of what were are doing and what we are accomplishing here. Good TA keeps you ahead of the game not by guessing but by reading the signs. In the previous posts, I have been insisting that the green trend line was the right one to follow and so here we are. Even when BTC was throwing signs that it was headed down I kept...

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This is how you want to build a case on BTC finding a bottom within the green trend line. So we talked about it at length yesterday but today we can see that BTC has remained above that green trend line, if we close a candle today above it as you know that is a sign of strength. All BTC has to do is stay above $7200 today and $7250 to $7300 the day after and so...

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For position traders, not much has changed. Bitcoin is still moving up the green trend line, and it is right now at a great place to buy (but buy only 40% to 50%) we are eyeballing the bottom "X" which is the same as the 200MA as a possible final bottom. Since we don't know if BTC will be pushed that low we are better off buying now and if BTC goes up we can buy...

cryptoGats Updated 

Looking at the 1D chart you can see we are back to that damn obnoxious line that kept us around $6500 for weeks last year. To be clear we are talking about the white support line I drew a few months back, we've hit it twice now and have refused to go below it. I can look at this chart and write a 12 page analysis on the last 4 candles but let's keep it...

cryptoGats Updated 

My technical analysis is not about guessing where price is going to be, it seems that way because I consistently tell you where things are headed. Trading and technical analysis are about reading the charts like a book and interpreting events and hidden clues such as popular sentiment to market manipulation and setting buy zones according to this info. I set my...