Yesterday i was expecting the draw down to break through support and fall to $6,750. I entered a short and was stopped out this morning. After re evaluating the support/resistance, I really wish I would have given that trade slightly more wiggle room.
We are currently testing strong resistance, which is coming from a new potential trend (red dotted line) and the...
Yesterday I called for $7,735 - $7,750 as the area of support, where shorts would be covering and dead cats would be bouncing. The bounce did not get up to the previous support of $8,500 before resisting. I am entered on a short position and the target is $6,750. That is where we will re test the trend support off the longer term bull trend (green line). Stop loss...
Yesterday I remained bearish, but expected a small rally to re test the 200 day SMA. We broke down well before that and the bearish momentum continues to build. The last couple candles indicate to me that we will be heading back down soon. The next area of support should be $7,735 - $7,750 which is where the profit target would be for a short position. Stop loss...
Yesterday I called for a $8,850 re test and today I am liking the double bottom that formed. Support has moved up nicely and the buy volume continues to look good. Now I am expecting the price to test the 200 day SMA right around $9,750 - where the fight would begin. I am still staying away from entering a long until we break the bear trend.
We got a head and a shoulder formation.
Now we move into a gartley formation, we just need to the D point on : 1325.652.
Targets 1 : 1319.059
Targets 2: 1317.501.
Rsi, was oversolgt, and now will move up.
Gartley bullish on the weekley time frame.
We must not go over 1376.380, when it will be unconfirmed.
Yesterday I was happily surprised by the rally, then I drew an arrow to $10,000 after we turned resistance into support. Getting shot down before that is bearish. We should get a bounce off of the dragonfly doji at support, but I do not expect it to go far. I am watching for resistance to form below $9,500 and that would provide a good entry for a short. The...
The EURJPY moves sideways last few days and this creates good opportunities for harmonic pattern traders. The market is going down today and if it continues and touches the support area at 130.64, there will be a setup for long. The price respected that level multiples times already and it is more likely it will do it again. The buying orders are usually placed at...
Yesterday I thought we were headed for an $8,400 retest and I had low hopes that support would hold. To my surprise we got a nice bounce and are heading for a $9,400 retest. I expect strong resistance to be waiting based off of the volume we saw last time BTC was at that level (two arrows). Watch for a pullback at $9,400 - $9,500. If that pullback supports over...
Yesterday I predicted that we would range from $9,600 to $10,000 over the weekend. Now it looks like we are headed for a $8,400 retest. Since the price already tested that area as support twice I am not confident we will get another bounce. If price breaks down below $8,300 then $7,850 would be the next area of support. The bearish signs are really starting to add...
I started this specifically for days like today. This is a way to keep myself engage when I have no idea what is going on with the market. I made a commitment to do my best to make a prediction even when I didn't have much to go off. Just keep that in mind!
Yesterday I was looking at a diamond bottom forming and went long at $9,800. That was quickly stopped out...
Yesterday I did not like the death cross on the 50/200 day SMA's and how hard we got rejected from the longer term bear trend. I was so frustrated that I said I would not enter another long until we broke that trend. This morning I woke up to a beautiful diamond bottom pattern, which just so happens to be my favorite reversal pattern. After a cup of coffee and...
Yesterday I was looking for BTC to build support off of the blue dotted line and break the bear trend. This morning I was stopped out for the second trade in a row and will be sitting on the sidelines for the time being. The death cross on the 50/200 SMA does not look good. Bitmex going down could have led to an abnormal amount of liquidations. Maybe this is the...
On 3/2 I drew the last arrow from $11,000 to $11,750. Unfortunately we came up just short with $11,676 being the local top. Within 6 hours the price fell all the way back to the original entry of $11,000. This illustrates why it is so important to actively manage your trades.
Buying Bitcoin before it goes up is the easiest part of trading!
The trailing stop was...
This morning the trailing stop was set at $11,400. We broke through that and now have multiple doji's above $11,200 support. Enter under $11,400 and new stop loss is set at $11,100.
Happy trading and remember that following is free!
Yesterday I was holding onto my long position with a price target of $11,750. On Saturday I mentioned that I was inclined to think that we would range over the weekend and most likely hit my price target on Monday. Everything is still right on track and I expect us to pump to $11,750 somewhere in the next 4-6 hours. If you are not in a position then the long entry...
Yesterday I expected the rally to continue to $11,750 before pulling back. Instead we were met with resistance at $11,500. The good news is that we appear to be turning previous resistance into support at $11,100. The bad news is that the 50 day SMA is forming resistance. I will remain short term bullish as long as the bulls continue to hold strong at $11,100. I...
Hi guys, I share my graphic gatley I'm new to traderview, I tried to help you have good profits. Bye !
- Stop Loss: 105.54
- Take profit 1: 106,700
- Take profit 2: 107.16.
!! SPANISH !!
Hola chicos, comparto mi grafico gatley soy nuevo en traderview intentado ayudar a tener ganancias buenas. Adios !
- Stop Loss: 105.54
- Take profit 1: 106.700
- Take profit 2: 107.16.
