Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business.
Sawcruhteez Strategies: Comprehensive Trading Strategy - Consensio | Comprehensive Trading Process | How to BUY THE DIP | Advanced Dollar Cost Averaging Methods
Consensio: Bullish
Patterns: Potential bear channel
Horizontals: S: $7,570 | R: $7,912 & $8,126
Trendline: Bull TL is waiting at $6,700 - $6,800
Parabolic SAR: Just broke 4h bear SAR
Futures Curve: Backwardation
Funding Rates: Longs receive 0.0125%
BTCUSDSHORTS: At support
TD’ Sequential: W: G9 | D: R5
Ichimoku Cloud: Daily cloud in line with bull TL
Relative Strength Index: Bear Div
Average Directional Index: Daily sell signal
Price Action: 24h: -0.34% | 2w: -1% | 1m: +37.39%
Bollinger Bands: Daily MA in line with horizontal resistance at $8,200 | Weekly MA at $5,177
Stochastic Oscillator: Daily buy signal
Summary: I have not been posting on Trading View as much as I had planned and that is primarily due to starting a daily podcasting schedule with Tyler Jenks on Youtube. We have been covering the Bitcoin Price Action on a daily basis and because of that public analysis I did not feel compelled to update here.
Moving forward I will be committing to two Trading View posts per week, in addition to the daily updates on Youtube. Posts on Trading View will continue with the same format that most viewers are familiar with.
As of late I have been most interested in the developing bear channel as well as the 50 and 200 EMA’s on the 4h chart. As it stands I expect price to retest the top of the bear channel ($8,100) before selling off to $6,700. That is where the bull TL waits and I would view it as a great buying opportunity.
Litecoin is the main reason why I am rethinking that call. It is often a market leader and it just had a ~10% rally while BTC has stayed flat.
It is back above the 50 EMA on the 4h chart and is postured for a bullish crossover with the 9 EMA while testing the top of it’s newly developing bear channel. If it breaks through that boundary then I will likely change my tune and expect BTC to follow. Nevertheless it currently appears to be finding resistance at that area.
If LTC closes a 4h above $112.50 (Coinbase) then I will likely be turning bullish on BTC, with the assumption that LTC is blazing the trail. If it finds resistance at $112 then it would likely foreshadow similar action in BTC and would confirm my original outlook.
Sawcruhteez Strategies: Comprehensive Trading Strategy - Consensio | Comprehensive Trading Process | How to BUY THE DIP | Advanced Dollar Cost Averaging Methods
Consensio: Bullish
Patterns: Potential bear channel
Horizontals: S: $7,570 | R: $7,912 & $8,126
Trendline: Bull TL is waiting at $6,700 - $6,800
Parabolic SAR: Just broke 4h bear SAR
Futures Curve: Backwardation
Funding Rates: Longs receive 0.0125%
BTCUSDSHORTS: At support
TD’ Sequential: W: G9 | D: R5
Ichimoku Cloud: Daily cloud in line with bull TL
Relative Strength Index: Bear Div
Average Directional Index: Daily sell signal
Price Action: 24h: -0.34% | 2w: -1% | 1m: +37.39%
Bollinger Bands: Daily MA in line with horizontal resistance at $8,200 | Weekly MA at $5,177
Stochastic Oscillator: Daily buy signal
Summary: I have not been posting on Trading View as much as I had planned and that is primarily due to starting a daily podcasting schedule with Tyler Jenks on Youtube. We have been covering the Bitcoin Price Action on a daily basis and because of that public analysis I did not feel compelled to update here.
Moving forward I will be committing to two Trading View posts per week, in addition to the daily updates on Youtube. Posts on Trading View will continue with the same format that most viewers are familiar with.
As of late I have been most interested in the developing bear channel as well as the 50 and 200 EMA’s on the 4h chart. As it stands I expect price to retest the top of the bear channel ($8,100) before selling off to $6,700. That is where the bull TL waits and I would view it as a great buying opportunity.
Litecoin is the main reason why I am rethinking that call. It is often a market leader and it just had a ~10% rally while BTC has stayed flat.
It is back above the 50 EMA on the 4h chart and is postured for a bullish crossover with the 9 EMA while testing the top of it’s newly developing bear channel. If it breaks through that boundary then I will likely change my tune and expect BTC to follow. Nevertheless it currently appears to be finding resistance at that area.
If LTC closes a 4h above $112.50 (Coinbase) then I will likely be turning bullish on BTC, with the assumption that LTC is blazing the trail. If it finds resistance at $112 then it would likely foreshadow similar action in BTC and would confirm my original outlook.
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