BitcoinMillio18

BitcoinMillio18

Hi all, We are still in the upward channel and Bitcoin is entering the sideways trading range set by ST and AR. In between the two, the strongest support is at 60.943 which is the POC of this trading range for about a month now. The composite man will want to take down this support and liquidate longs before bouncing. That's where i'm planning to buy at...

BitcoinMillio18 Updated 

Are we surprised? Here are the exact words from my last post: We still have few more days and an unexpected shakeout is possible before the final move, perhaps on Friday may be? It came a day earlier, but i think it was still a good call. This is why i had my manual stop loss and TOTT ready in place. This time i've front-run TOTT and i'm taking my second...

BitcoinMillio18

Hello, sleepless nights! I was searching for distribution schematics and found this uncommon but perfectly matching distribution schematic. Coupled with TOTT sell signal, i decided to cancel my limit orders and abide with TOTT, so i'm fully in cash. Bad news is, if we take down SOW, it's game over. Right now, we are still in the channel and let's hope we don't...

BitcoinMillio18

Hi folks, Bitcoin made a shallow 13.7% pull back and didn't really give much shorting opportunity during this reaccumulation zone, but TOTT managed to made few profits in a short trade between 63-62k (Although i messed with it) Right now you may be wondering why Bitcoin hasn't already exploded and hit 100k. Just look at the mid line of the channel! That's why...

BitcoinMillio18 Updated 

Whoa! My stop got hit and thank god it did right before the crash. That's why i always use a stop loss along with my beloved TOTT indicator. BOTH has saved me from this crash for different positions. Remember when TOTT first fired the sell signal? It was 6 days ago at 63.152 when the first sign of weakness occured. It also triggered during this dump, so the dump...

BitcoinMillio18

My call for 64k came $400 shy, but taking profits along the way makes it no issue. We had a quick dump to 60k and got a critical bounce from a severe head and shoulder neck line. This doesn't mean it's over, yet short term opportunities arise. Here, i set alerts to the thick trend lines which are also connected to my trading bot and wait. If it plays out, i'm...

BitcoinMillio18

Hi all, The hidden wyckoff accumulation on the lower level timeframes played out well and Bitcoin successfully exited the range to the upside. Now that we are in the markup phase, slowly marching towards all time highs, there are important levels that i think will end this uptrend and give us a pull back. Resistance is the fib 0.618 / 0.66 zone at 64.139 /...

BitcoinMillio18

Hi all, Bitcoin rejected from 67k, 1k shy from my previous target. TOTT kicked me out at 63152.65 as i tweeted in real time. Nice catch so far, but i should have taken profits earlier before TOTT, next time i'll do that. As per technicals, 8 hours in to the weekly close, Bitcoin is trading right below the weekly open at 61532.17 forming a doji candle. This looks...

BitcoinMillio18

Hi all, Few minutes after i cancelled my short position, Bitcoin rallied and broke imprortant levels. It is now forming a bull flag above these monthly and weekly levels. Next targets are 68-70k, inline with my p&f analysis with a final target of 144k! Also an update on TOTT; It's amazing what you can do with Tradingview alerts. I've connected my TOTT signals...

BitcoinMillio18 Updated 

We have reached at the top of the trading range. It's time to take profits and resist the feeling of FOMO. Chart speaks for itself.

BitcoinMillio18 Updated 

Hi all, We had a great breakout above the down trend and the neck line together, showing major sign of strength, however got rejected from the dangerous neck line. It's good that it was surpassed and now it's weakened. Downside target of a retracement and a retest of the down trend line happens to intersect with Fibonacci 0.382 at 49.600. If that is lost, we...

BitcoinMillio18

Wow, just wow! We have literally slashed all the important resistances i mentioned in my previous post. Except ONE. One last beast is still waiting to be left behind at 54.200. Although we have crossed it with momentum, it's the most dangerous one that has sent us 25% down. It should not be lost at all costs. Bad news is, we have also reached almost at the...

BitcoinMillio18

Hi all, Looks complicated but really isn't. The dashed green trend lines are the neck lines of previous head & shoulder patterns and we are about to touch them. So, obviously, a reaction is to be expected which will give us a new higher low that will form the left shoulder of the inverse H&S pattern. This is also the Last Point Of Support (LPS) of the wyckoff...

BitcoinMillio18

Hey all, Bitcoin looks strong and not giving a short opportunity yet. You can ofcourse take your profits and go to a vacation, but the current levels looks like a Fibonacci Speed Fan 0.5 resistance flipped in to a new support. Since i'm looking for a short opportunity the next level would be Fib 0.382 which coincides with the previous swing high at 52.922. But...

BitcoinMillio18 Updated 

Hi fellas! This is what accumulation DOES! You will not go up before everyone turns bearish! Even the best traders i know were heading for 37k and boom, stops were hit! Lessons learned, never short the support! (once again!) Now, this is the Show Of Strength moment (SOS) in this accumulation zone. It was quick right? Patience pays off! We had literally tested...

BitcoinMillio18

I’m on the go for a few days and didn’t take my laptop, but this doesn’t mean I won’t publish new ideas ;) We have seen a great bounce with FED news (It has started way earlier than the public announcement ) and continuation with great news from Twitter integrating tips using bitcoin over lightning network through strike api. This creates a perfect environment...

BitcoinMillio18

P&F is an old but great chart technique i like to use. It measures the volatility - a perfect match to Bitcoin. I'm using 3 box reversal with box size of $1.000. It's used to calculate price objectives at the end of wyckoff structures by measuring horizontal counts. I've shared many p&f charts pointing 100k during first accumulation, but we got another...

BitcoinMillio18

Hi everyone, It's really hard to be bullish in times like these, but it's also the best time! When fear captures all brains, it's time to be greedy! You can even trade the fear & greed index as a counter signal, because markets are driven with fear and greed. I know pro traders that were waiting to buy at this level. Let's get into it, We had the spring with...