Happy Tuesday to you, my Dear Swingers! Again you all had all the weapons that we used to take in the not so distant past in order to take advantage of such a Price Action of Bitcoin. Deep & shallow retraces that followed the core "sweet zone" of the channel coupled with several sophisticated traps on Friday and Monday night - and the price is already 2.5K lower...
Hello Dear Swingers! We hope you have scrutinized the price behavior reviewed previously and in response to a nice break of the current channel you positioned your triggers that resulted in short positions by now. Indeed, that was a tough false break @48K followed by the 1st leg of, hopefully, the very last price drop in this BTC life cycle. By now we've got a...
Happy Friday, Dear Swing Traders! Well, the market has kept its promise and did not let the buyers of the 15th of June go. Over the week-end we saw a beautiful rising wedge built up, with the break of which many of you have triggered their short positions, the others - have added up on to their shorts. The new low below 17560 will result in soonest reaching of the...
Happy Wednesday Dear Swingers! We would kindly want to show you one of the 2 scenarios how the price behaves upon such vital news release. In fact, indeed, you know what it is based on - on the exhausture of the connected positive moods. The smart money has then picked up the whole bullish move on Wednesday night, the price went lower than the release point...
Happy fishy day Thursday, Dear Swingers! We are glad to see that you have grabbed your profit upon price hitting of the 1st target @24500. After that your stop loss order was to stay not higher than @ entry point of 30670. As of this morning the price with its low shows some less than 100 bucks distance from the 2nd target - 20K. Last night we all had this...
Good Tuesday morning, Dear Swingers! The bullish test of a local high @32380 has ended in failure due to the same weakness higher than 30300. Some smart bulls have managed to escape by closing their losing positions. However, the overwhelming majority of the market keep losing more money. We trust that 29200 is now the trigger to launch the price down the rail...
Happy Friday, Dear Swing Traders! By the end of the week we are in the doorway of a good price move across the lower border of a triangle. If you have followed recommendations, you will not need to add up to your position until your PTs are (profit targets) executed. It would be correct to place them @24.5K, 20K & 12.5K. Thus we dare to make an assumption that...
Happy Wednesday, Dear Swing Traders! A very interesting price move we are currently experiencing on Waves. In fact, out of TOP 100 this coin has obviously managed to come to the stage of "DCB" (dead cat bounce) as the 1st one! The absolutely critical for DCB are: a small time-frame (one hour here) and a long weakness formation (the rising wedge here). As you can...
An exciting opportunity seems to approach again. Once the triangle was broken the 1st order of yours was to be placed underneath the 4-hour bar's body - @29440. That one was to be followed by the sell-stop order underneath the wedge break-out 4-hour candle's body- @30630. And you can also afford the 3rd stop order @31550 upon exhausting of the latest bullish...
Hello Dear Swing Traders! After quite a good holiday I am back with you! On the way to the next target of 20K the price has formed a triangle, exit out of which might be up to 33K (on the wedge upper border). The new bearish attack is assumed from about 30K where the stop orders can be already placed. 12-13K are now visible as a "station" to break 10K later. Enjoy...
Happy Friday, Dear Swing Traders! Indeed, the 4th of May 4-hour trap might be now the key one not only in terms of the nearest target but also concerning the end of a whole cycle. As we can see, we've got the true break of a massive correction channel to the 1st, we assume, knee of a "flag", the length of which - 36000 dollars. The price broke the lower border...
Happy Monday morning, Dear Swingers! The latest shallow retrace to 50% coupled with the relevant bull trap on top have given us the confirmation of the nearest goal of 30K (small ovals in blue & big ovals in black). The lower border of the broadening wedge needs touching by the price before we will be able to see the continuation way. One can safely say that once...
Happy Wednesday, Swing Traders! The bulls local attack on Sunday night finalized in trapping them all above 43K. Moreover, the price broke 41700 and found itself already in the lower channel's diapason. Currently we can see the forming triangle which signals of a bearish counter attack continuation with a “flag” target @30K. The acceleration channel (in blue...
Yesterday's bounce up to 47200 was sufficient only for the break of 45400 followed by the retracement to the "neck line". We are now expecting that the levels 42400 & 41700 will give up relatively soon, thus, opening the road to the exciting lower part of the correction channel of ours. Alternatively, everything above 45600 will turn us back up to 48K. So take...
Good Monday morning, Dear Swing Traders! An attempt to make only a deep retracement on Friday has resulted in another correction channel. Thus with good percentage of credibility we will be looking at the very same scenario the final stage of which took place on the 3rd of December. The upper border along with 48K need taking for the 2nd time, and we dare to...
Price weakness of a couple of rising wedges and a 2-day struggle have given us in fact a stronger formation - a diamond with a neat false break via the top right-hand side. We believe that all above the channel has been painted by now and the descending continuation is on the agenda. Around 44800 you can surely re-group and add up on to your short positions....
Happy cold Monday, Dear Swingers! The price rally overnight to 47.5K is still not enough to see the price somewhere @ the twenties figures afterwards. However, it is the time to get all your weapons ready and closely watch after the market intention above 48K. There will be a temptation to take 50K but it is unlikely to happen that such a vital level is allowed to...
Good Wednesday morning, Dear Swing Traders! Today I would like to attract your attention to quite an interesting Rune's graph. We've got the peculiar "triple bottom" at the level of 3 dollars, a deep retrace up to 78.6% and a shallow one @38.2%. Therefore, let us dare to make an assumption that sooner or later the 3-dollar price will not be able to stand,...