I've recently been testing the B.B. Reversal strategy. On XBTUSD using the 5min. candles & So far has proven to be quite profitable...(I just started testing earlier today. Sooooo) Anyways The Rules are simple, Stick to the Rules, Always wait for confirmation candle and MOST Important IS To TAKE PROFITS early. I found it to be a far better strategy IF I...
If I were a gambler..... Yeeah right Im not kidding anyone here.... Im convinced its Pooo Pooooo HERE, Down to $5400ish is 1st stop. Yes this is my Final Decision... LOL What was the name of that stupid A** show on FOX I think...?
the current 1 hr bull flag has been consolidating forming an equilateral pennant with its wicks....this next 1hr candle should be the deciding candle for it but even though bull flags usually break upward this one seems to be threatening a down break....if it breaks upward I switch to long...if it breaks downward it can get enough momentum to drop back down...
This is not a recommendation to buy or sell. This is for entertainment purposes only Yesterday I expected us to break up $9,200 resistance. I drew an arrow up to $9,481 after seeing support hold at $8,800 and a bounce from the 50 day SMA. The daily chart had a reversal doji combined with resistance from the 200 day SMA. If I paid more attention to that then I...
We finally recieved a breakout of the bear flag which shot us back up into the bull flag to the exact height of the bearflags pole...we are now still consolidatin in the bear flag with probability favoing an upward breakout but the chance of another bullish fakeout and the chance of a bearish rbeakdown are still both very p;ausible...best to just hold until we see...
In the post from this morning I called for a pullback to $8,800 and then I was watching for support to hold. Now support has held strong and we have a failed bear flag. I expect us to break through the $9,200 resistance and pump up to $9,500 here soon. I am still waiting for further confirmation before entering a bullish position, but all signs are looking good...
Yesterday I mentioned $9,200 as an important area of resistance due to the 0.236 FIB retracement. The bulls made a strong push with market buys but were unable to break through that level. Now we have a shooting star that should cause us to turn back and retest $8,800. If that holds then I would be optimistic about breaking through $9,200 on the next rally. If...
Yesterday I expected a small pullback to $8,400 and then had no idea what to think from there. Today I am impressed with the continued rally and I like what I see out of the volume. There is also a potential golden cross fast approaching on the 50/200 day SMA’s. However i would be very careful going long in this area. I expect there to be a lot of resistance...
Yesterday I was expecting Bitcoin to breakdown to $6,725 and was caught completely off guard when it pumped. I viewed $7,550 as the crucial area of support and once that broke I fully expected it to turn into resistance. I was waiting to short it and we all know how that turned out. I will be staying on the sidelines until I can figure out what in the hell is...
On 3-15 I drew an arrow from $8,100 down to $6,725 and I expect us to hit that target in the next 1-3 days. As it turned out the price ranged from $7,700 - $8,500 for a couple days before finally breaking support. Now I am watching for $7,600 - $7,700 to turn into resistance. That would provide a favorable short sale entry with a stop loss just above $7,800. I...
Yesterday I called for a drawdown to $7,750 and I did not expect many buyers to be waiting under $8,000 this time around. The next area of support that I am watching is $6,750. That would be the fourth touch on the longer term bull trend (green line). To my surprise we dipped below $8,000 and appear to be building support. The battle this weekend will be...
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...