ChartsOnTime

This is what I do when I cant sleep. lol

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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93
12045 93
BITSTAMP:BTCUSD

Hello all. Dont hate too much but consider all things as possible. :) Many know and understand the simplicity about the ways I do things and in some cases I know the simple gets complicated. I know this presents something completely irrational to where we are today but as a TA I have to assume the history repeats itself in the market.

I am not going to give a long description for anything because I am not good for them. All I want to say is be mindful of where you are today, Take the profits you can and when you can and run with them. This is a new market and with it a lot of people are being left broke, dont become one of those people. I am not putting this chart to upset the crypto community but to perhaps make you see what could be the real outcome of BTC in the next year. If you ask me I do want a McAfee 1mil btc but given the circumstances I have to dare to doubt we will see it soon.
Apr 24
Comment: Here is where we stand today based on current data. Then after 11k would be 14k
Apr 24
Comment:
Apr 24
Comment: As stupid as it sounds I’m still waiting for the weekly to close. Reasons are simple. Fomo now and miss out later. We will have to correct in this leg question is when. I am looking at an awesome pattern but still cautious. Bull flag break out??? :)
Apr 24
Comment: I will give it a rest after this update.
Little to explain. Our support in the weekly has changed since 11-2017 and it is 4.8k.
Something
Daily support still at 5.8k
Those two things is worth to keep in mind.
Here is what I see possibly happening in the days ahead. this is a weekly expectation.



if any major changes I will come back and update, if not have a nice week. :)
Apr 27
Comment: Just wanted to share this ichi cross. Let's see where it takes us.
May 04
Comment: I guess it is time for me to give a little update about btc. As you can see nothing major has happened with btc. We traded in the same range the entire week and just now got out of that range. The reason why im giving this update is because we have arrived to a crucial btc price in the weekly chart. We are now testing the rsi resistance and if we dont push through that, I can say we will retrace. at this point I don't know how much. I expected a 10k price due to the hard pumps btc had when it reversed but we fell short losing that momentum. All I can say is trade with caution at this price levels. I will come update if anything major happens. 9.9k is our first weekly resistance. enjoy the ride. :)
May 11
Comment: Sorry for late update, we arrived at our first support. I am not buying anything till next week possibly, depending on btc price movements. I honestly didn’t expect to have this hard dump. I expected a more steady drop and this just tells me the market is still pretty weak. Next valid weekly support 6.5k-6.3k just keep an eye on it. Happy trading. Alts in pause
May 14
Comment: As I said, major events only. I opened a short and I am keeping it. Trade safely.
May 15
Comment: Ok the major event came a day later. The last chart waiting for a bearish signal just started to show signs of breaking down. The daily is now hanging on a very dangerous spot. As I always say, dont marry your coins and always think profits first. This is the time when I really put TA to the test against FA or any other news. There is a consensus going on and all charts went bears. Time will tell. Trade with caution.
May 18
Comment: Well we had an interesting closing today. Here is the chart. I also still think we will try to retest 8.5k range although volume is still super low. I will short btc till I get some reversal signal. So far it looks pretty loomy. Alts still on pause.
May 22
Comment: This update is to let you know there is no update. BTC going where it was said it will go. happy trading :)
May 27
Comment: Well after two days of the daily holding on, it finally broke down. I’m shorting the market again. Expect a pump to 7-8-8k range but volume is not there yet for it to happen. Happy trading.
Jun 04
Comment: Well... hello.

We hit our higher price of 7770ish price and then retraced again. btc is still very weak and I expect another red week.
Jun 10
Comment: We have entered in the bounce range. This will be a temporary bounce. 6.5k range still possible. Daily support at 6.6k. Happy trading.
Jun 13
Comment: Well can’t always be right. Lol. Happy Trading.
Jun 22
Comment: Let’s see if we can bounce back to 6.6k to get our lower high. Last time I expected a 6.8-7.2 and we barely made it to 6850. Weekly cart is in serious bear mode and monthly starting to breakdown as well. Next stop 4.1k. 5.8k target pretty much is here.
Jun 23
Comment: I wanted to give some back charts for my comments above. THIS IS A COMPARISON BETWEEN THE WEEKLY CROSSES.
THIS IS A CROSS ABOUT TO HAPPEN AND A WEEKLY SUPPORT FOR A EXPECTED PRICE TO COME.
THIS IS THE DAILY WHICH IS KINDA INVALIDATED NOW FOR THE WEEKLY EVENT TO COME. I expect to see another oversold rsi area.
AND THIS IS FINALLY THE MONTHLY. WE HAVE FALLEN UNDER THE MA GIVING ANOTHER BEARISH SIGNALS. Something to remember in the MA price action is that they tend to test it multiple time. We will see if this is the case with BTC.
Have fun trading!!! see you in a few days or weeks. :)
Jul 10
Comment: "Be kind, for everyone is fighting a harsh battle.
If you really want to know what people really are like, you just have to look."

This is my new update and be careful trading. Remember, markets change like the weather, suddenly.
Jul 16
Comment: This price range is my short entry. 6-6k was my top as I previously acknowledged in my Twitter. Price development hasn’t changed much. Weekly still weak. Monthly still playing the recent breakdown. Still think we will see a 4.1k price in the not too far future. Monitoring the monthly for the 21 day MA to further understand where next low really is. Again as of now just looking at the weekly, price is 4.1k. Trade with caution. :)
Aug 04
Comment: Oh wow, what a change. still holding my target price of 4.1k. Last short didnt work as well but we are back to square one. If you want to know what I am thinking about btc, check my twitter. I post some charts and fun screenshots from bitmex there. Patience is a virtue.
Aug 08
Comment: and we are here in the weekly trading area. still waiting on target. check my twitter for updates. Thank you for being here.
Aug 14
Comment: We have arrived at a very important point of btc pricing. The monthly tested and broke the MA 21. For those who are hopeful in the ETFs, it is a tempting idea but to be honest I don’t see it happening. BTC needs a lot of improvements still, blockchain in general. Just remember what happened with the consensus and how market didn’t even moved and many Top TAs were mooning btc. I’m keeping my targets. 4.1k for hard bounce, 2.8-3k for porssible reversal. If anything changes, I will probably post a chart for you. Good luck.
Aug 19
Comment: Sunday is here and btc still shows massive weakness. Target still 4.1k. For now. Daily is braking down again and monthly is a must watch. Don’t get surprised by the little time frames. See you soon. :)
Sep 05
Comment: welcome to the new month where MA was tested and failed. target still valid. 4100
Sep 09
Comment: quick long update. Good luck
Nov 20
Comment: We are getting to the bottom of this cycle. I am now entering long positions hoping for a full cycle to be completed and reach 8.1k thus giving us room for the lower and possible reversal at 2.8-3.1k. Problem as of today is the monthly went bearish and that will definitely scare a few people out due to the super low prices it could bring. A new target popped but I will wait to give it later. Happy trading
Dec 20
Trade closed: target reached: I should have updated this chart a while ago but anyways target was reached. New chart is now up and active.
Monthly chart still ruling the market. The chart below is for a short term which is a few months maybe until may or april. We will see.

Have fun and trade with caution.

So amazing !!!!
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@soobin, :)
Reply
Looks like the "THE BIG SHORT" isn't working out so well!
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@TomPower, not quiet sure what you mean but my shorts are doing just fine. I have been away in beautiful Yellowstone and just checked my shorts and I’m quiet happy with the gains. 120% while enjoying the nature is actually very good. :)
+3 Reply
aqdnk TomPower
@TomPower, think again
+1 Reply
@aqdnk, wow, long was wrong ! respect is deserved here! I did not listen and am down over 60%, you never know what you've got till its gone!
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@TomPower, don’t ask me when. But this is my chart from today.
+1 Reply
TomPower ChartsOnTime
@ChartsOnTime, ok I'm a believer now , ETH to 100 never seen that. A costly education for me on this whole bear market. Definitely stupid on my part to hold to 4k. even if I was in cash and knew this was the actual buy point!
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@TomPower, we still have a long way down for btc. So no this wasn’t the buy point for me but I am a trader so I take the ups and downs. Good luck !!
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