BTC-Are you listening yet? Come closer..I have a secret to tell
Good morning traders,
Past few weeks I have accurately predicted the following:
A) The breakout
B) The top
C) Soon to be the bottom
I have done so, all days in advance, on this last chart I predicted both this zone, and time frame, last Saturday, when very few traders were going short.
Today I'm bringing you another update on BTC.
Key Notes:
1) We've hit my target buy zone, if you manage to purchase anywhere in this zone, I feel you have an excellent buy.
2) I am currently all in long.
3) We hit our algo target on 618 (the optimal buy zone) and the lower buy boundary.
4) We are oversold on hourly all the way into the 6 hour.
5) We are seeing signs of accumulation at this 8700 level, and I believe this 'zone' will hold.
6) We are beginning to see bullish divergences, it's early, but this could be the first hourly close with divergence.
7) We may see one more final down in the coming hours to the 0.65 (the highest shakeout zone). Do not sell here -- and there is no guarantee we see it.
Targets / Timeframes:
Overall expected outcome until Monday: Range
Future Bullish movement: Outcome: Likely
1) The first goal of today will be to get back up towards 8900. Once completed, we need to establish a range market in this zone and higher going into the weekend.
2) The second major test which will confirm the next run is on its way will be breaking $9500. I do not expect us to get back towards these levels until next week.
3) Ultimate sell target is $11,700, as if we break $9500, I expect $10200 range to fall as well.
Continued Bearish movement: Outcome: Less likely
If the bears can continue this push downwards and my green buy zone breaks, we are in for much lower BTC as we will cancel out the golden cross. My stops are roughly 8550.
Remember, buy into weakness, and sell into strength. Manage your money accordingly, and as always, anything can happen, so set your stops accordingly.
As always, if you value my content, please support me by hitting the follow button, and upon 30 likes I will continue to update this analysis.
Past few weeks I have accurately predicted the following:
A) The breakout
B) The top
C) Soon to be the bottom
I have done so, all days in advance, on this last chart I predicted both this zone, and time frame, last Saturday, when very few traders were going short.
Today I'm bringing you another update on BTC.
Key Notes:
1) We've hit my target buy zone, if you manage to purchase anywhere in this zone, I feel you have an excellent buy.
2) I am currently all in long.
3) We hit our algo target on 618 (the optimal buy zone) and the lower buy boundary.
4) We are oversold on hourly all the way into the 6 hour.
5) We are seeing signs of accumulation at this 8700 level, and I believe this 'zone' will hold.
6) We are beginning to see bullish divergences, it's early, but this could be the first hourly close with divergence.
7) We may see one more final down in the coming hours to the 0.65 (the highest shakeout zone). Do not sell here -- and there is no guarantee we see it.
Targets / Timeframes:
Overall expected outcome until Monday: Range
Future Bullish movement: Outcome: Likely
1) The first goal of today will be to get back up towards 8900. Once completed, we need to establish a range market in this zone and higher going into the weekend.
2) The second major test which will confirm the next run is on its way will be breaking $9500. I do not expect us to get back towards these levels until next week.
3) Ultimate sell target is $11,700, as if we break $9500, I expect $10200 range to fall as well.
Continued Bearish movement: Outcome: Less likely
If the bears can continue this push downwards and my green buy zone breaks, we are in for much lower BTC as we will cancel out the golden cross. My stops are roughly 8550.
Remember, buy into weakness, and sell into strength. Manage your money accordingly, and as always, anything can happen, so set your stops accordingly.
As always, if you value my content, please support me by hitting the follow button, and upon 30 likes I will continue to update this analysis.
Comment:
Update required so soon, as mentioned couple hours ago I anticipated a possible last shakeout to the .65 level. Here we are a couple hours later, if this area does not hold it will be time to exit the market, otherwise, I will treat it as a shakeout as I anticipated
Comment:
Critical 20 minutes (last 10 minutes of this 4 hour and first 10 minutes of the next 4 hour).
Upwards move needs to happen very soon or we're in danger of more lows, and I would be as bold as to say in the next hour.
Upwards move needs to happen very soon or we're in danger of more lows, and I would be as bold as to say in the next hour.
Comment:
We went lower as a move had to happen this hour as I pointed out, that was a critical hour.
However, this smells of a shakeout to me, if we had gone back to the 200 EMA on the daily and faced a rejection, I would believe this move is legitimate, but because we did not bounce, I really don't buy it.
I'm still in, and long, until I can see some sort of significant resistance rejected I won't sell into the candle and will eat the losses if I'm wrong.
Use your own money management rules and trade accordingly.
However I will caution, that if we continue down here much longer, we will face a golden cross rejection, and that will send BTC much, much lower.
However, this smells of a shakeout to me, if we had gone back to the 200 EMA on the daily and faced a rejection, I would believe this move is legitimate, but because we did not bounce, I really don't buy it.
I'm still in, and long, until I can see some sort of significant resistance rejected I won't sell into the candle and will eat the losses if I'm wrong.
Use your own money management rules and trade accordingly.
However I will caution, that if we continue down here much longer, we will face a golden cross rejection, and that will send BTC much, much lower.
Comment:
Good morning traders,
What a day!
As I predicted last Saturday(at this point a week in advance) we ended up doing a 17% drop vs a 13%, my apologies as I was incorrect by 4.06%. (for the couple haters that are amateurs)
Now we have that out of the way, before I turn bearish I'm looking for the following:
1) I want to see a rejection at either the .618 of the bullish impulse $8656, or rejection at the 200 daily EMA @ 8788
2) We obviously got our bounce, and before we can determine if we will have further down or not, we must look for a rejection at critical levels, I am still of the mindset that we will go back up, that will change however, if we see nasty rejection at these levels I pointed out.
3) If we do reject at these levels, a bearish retrace into the 7's and most likely lower is the likely outcome. The first step is testing them and see how they react however.
As always, trade safe and manage your money accordingly, but I am still in, and long, until I see rejection at critical levels.
What a day!
As I predicted last Saturday(at this point a week in advance) we ended up doing a 17% drop vs a 13%, my apologies as I was incorrect by 4.06%. (for the couple haters that are amateurs)
Now we have that out of the way, before I turn bearish I'm looking for the following:
1) I want to see a rejection at either the .618 of the bullish impulse $8656, or rejection at the 200 daily EMA @ 8788
2) We obviously got our bounce, and before we can determine if we will have further down or not, we must look for a rejection at critical levels, I am still of the mindset that we will go back up, that will change however, if we see nasty rejection at these levels I pointed out.
3) If we do reject at these levels, a bearish retrace into the 7's and most likely lower is the likely outcome. The first step is testing them and see how they react however.
As always, trade safe and manage your money accordingly, but I am still in, and long, until I see rejection at critical levels.
Comment:
Comment:
Good afternoon traders,
Nothing has changed, still awaiting to see how the 200 daily EMA reacts. If it's rejected, I will sell, if it can break it and act as support I will be staying long.
Nothing has changed, still awaiting to see how the 200 daily EMA reacts. If it's rejected, I will sell, if it can break it and act as support I will be staying long.
Comment:
Good morning traders,
Hope everyone had a great weekend.
I have good and bad news. Today will 99% be the day that determines whether we have a large up, or down. That's good and bad news depending on which side of the fence your sitting.
The golden cross will either turn back down into a death cross, or, it will reject the crossing if BTC goes upwards today.
Observe the market closely, as today is as critical as it gets.
Hope everyone had a great weekend.
I have good and bad news. Today will 99% be the day that determines whether we have a large up, or down. That's good and bad news depending on which side of the fence your sitting.
The golden cross will either turn back down into a death cross, or, it will reject the crossing if BTC goes upwards today.
Observe the market closely, as today is as critical as it gets.
Comment:
Streaming live @ www.twitch.tv/cryptocrew discussing bitcoin
Comment:
Good morning traders,
Not to long after I posted the update yesterday we had a $500 dollar move, this was unsurprising as again, do not underestimate the importance of the golden and death crosses (50/200 ema crossings).
I want to highlight a couple quick things as to first of all why I am a stubborn bull.
1) We had a death cross on the daily, it was all over the news, but instead of continued down, bitcoin rejected and went bullish.
2) We broke out of the 124 day log downtrend
3) We have a golden cross
We have all these "in your face" bullish signs that we can count on one hand the frequency they happen over the past few years, yet bears remain, abundant as well I might add.
With that aside, back to today's analysis:
Key Notes:
1) We are facing a 0 histogram rejection or crossing on the daily chart for MACD
2) I am expecting a pop up into the 9's today.
3) If we can maintain these levels and the MACD is rejected going bearish, bullish momentum will remain, and we can expect upside.
We need to take out the 200 EMA and have it start acting as a support at a minimum today, if that can happen, I'll be satisfied for the days results.
Until tonight, good luck, and trade wisely!
Not to long after I posted the update yesterday we had a $500 dollar move, this was unsurprising as again, do not underestimate the importance of the golden and death crosses (50/200 ema crossings).
I want to highlight a couple quick things as to first of all why I am a stubborn bull.
1) We had a death cross on the daily, it was all over the news, but instead of continued down, bitcoin rejected and went bullish.
2) We broke out of the 124 day log downtrend
3) We have a golden cross
We have all these "in your face" bullish signs that we can count on one hand the frequency they happen over the past few years, yet bears remain, abundant as well I might add.
With that aside, back to today's analysis:
Key Notes:
1) We are facing a 0 histogram rejection or crossing on the daily chart for MACD
2) I am expecting a pop up into the 9's today.
3) If we can maintain these levels and the MACD is rejected going bearish, bullish momentum will remain, and we can expect upside.
We need to take out the 200 EMA and have it start acting as a support at a minimum today, if that can happen, I'll be satisfied for the days results.
Until tonight, good luck, and trade wisely!
Comment:
Good morning traders,
As we can see, my call yesterday of getting back into the 9's did not work out, at this point we are very clear within a a range market with large volatility.
$8200 ish is the ultimate zone that needs to not collapse at this point, $8500 was major support that failed.
We currently have bullish divergence on RSI, however - VFI does not show such divergences.
Very tough market to analyze right now, at this point I'll be looking for a breakdown of that $8200 zone and exiting, as we will most likely be going much lower, otherwise, I'm riding it out.
Let's see if the bulls can do something with the bullish divergence or not.
As we can see, my call yesterday of getting back into the 9's did not work out, at this point we are very clear within a a range market with large volatility.
$8200 ish is the ultimate zone that needs to not collapse at this point, $8500 was major support that failed.
We currently have bullish divergence on RSI, however - VFI does not show such divergences.
Very tough market to analyze right now, at this point I'll be looking for a breakdown of that $8200 zone and exiting, as we will most likely be going much lower, otherwise, I'm riding it out.
Let's see if the bulls can do something with the bullish divergence or not.
Comment:
Still a range bound market, impossible to predict. If your not in simply wait for supports and resistances to break, this 8200 zone needs to hold, otherwise next support 7900. Resistance is now towards 8400-8500.
Best thing to do in a market like this is take a break, have some drinks, grab a cigar and just relax while the market figures out its move.
Best thing to do in a market like this is take a break, have some drinks, grab a cigar and just relax while the market figures out its move.
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This chart is now closed and no further updates ill be provided on this chart.
This chart is now closed and no further updates ill be provided on this chart.
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Twitter: twitter.com/Jedi_ant
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