GBPUSD has crossed its 100MA while confirming an upwards trendline. The Williams Alligator is being used to identify a confirmation and entry. Price targets are based on fibonacci levels and resistance. If the price crosses upwards over the alligator, this will be a confirmation.
As always, this trade will provide updates from start to end.
SL: 1.338
TP1:...
We have been consolidating into a bear flag pattern over the last 36 hours. However I believe that we are too far oversold for it to complete any time soon (next 1-2 days). I am basing that on how far away we are from the moving averages on the 4 hour chart as well as the daily.
I am still feeling good about my prediction from yesterday , that we will...
Yesterday I made a post right as the price was testing the triangle that started forming on 2/6. I expected a small bounce to $7,450 before eventually breaking down that support and creating a new local low. I made a post when the price was at $7,200 and labeled it as a short.
The red arrow that gets printed on my chart didn’t show up until 8 hour later when...
On day 93 I made an important update after changing my short term outlook to bearish. At that time were we severely oversold and I called for a “2-14 day rally before heading back downward.”
I expected that to provide a nice window of opportunity to get fully positioned before the next big move downwards. My strategy was to sell spot ETH & BTC, scale out of...
BTC is consolidating after it's $2.5K drop couple of hours. IMO finally finding support @ the 'ol $7200 level... for now... I Expecting temp. retrace back north to $7500ish regional, only to soon return and retest new Support of mayB $6800, (ballpark)
Gud Luck to US ALL :))
I have set My 'Stop Market' BUY Orders @ $7255
Cheers
Yesterday I was keeping my eye on the $7,600 level from my seat in the WSOP. Today I was happy to see that my trade didn’t get stopped out like my poker tournament did. The bears held strong at $7,700 and got us to the weekend.
Now I am feeling much better about my position (short ETH). We have been creating lower highs and higher lows over the past week and...
Short XBTUSD @ $7620 again. lol
Gud luck to us All. Next level of support the infamous $7500
Of coarse I have a 'Stop Market' BUY order set at $$7690 just in case bitcoin goes North.. :))
Yesterday I set a tight stop loss on my short position before hopping in the car to drive to Las Vegas for the WSOP. I found myself wondering where all of the bearish momentum had gone, and I was more than half expecting to get stopped out before arriving at my destination.
Resistance held strong and now we are waiting to see what will happen at the $7,600...
Yesterday I said that I did not expect this trading range to hold for another 24 hours. Less than 30 minutes after posting that chart the price started pulling back. However it quickly found support at $7,480 and created another higher low.
That had me reconsidering my short position on Ethereum. I moved my stop loss to slightly above the last high ($617.76)....
Yesterday I was watching what happened as we were trading at “strong resistance”. I fully expected to see a lower high lead to an eventual breakdown of the trend (green dotted) and triangle (pink solid) support.
After my daily post we got multiple reversal dojis at resistance and that made me feel even more confident in my position. I was surprised to wake up...
EURUSD has crossed its trendline and retested twice. A fractal pattern also formed just before the crossover, suggesting a reversal. Today, the pair moved towards and pulled back from its 100MA. This is an opportunity to enter long. Price targets are set at Fibonacci levels with respect to the past downtrend.
SL: 1.1645
TP1: 1.185
TP2: 1.196
Today is the 100th post of the daily update and I want to give a big thanks to everyone who is following! I also want to give an even bigger thanks to the individuals that take the time to like and comment, each one is greatly appreciated!
Thankfully I get to make a favorable post on this memorable day.
Yesterday I was “expecting a small bounce from $7,385”...
Today's news drive presents a perfect opportunity to enter short. This move was counter-trend, formed a fibonacci pullback and has set up a slingshot that aligns with the trendline.
SL: 109.85
TP1: 108.4
TP2: 108
Over the last couple days I have been warning about an ideal setup for a bull trap and today it looks like that was the case. Thin order books and lower liquidity make it much easier for a whale(s) to manipulate the price. That person(s)could cause the price to breakout of the 26 day downtrend (red dotted) and push the price above $7,600 without needing as much...
Yesterday I went to a wedding shortly after making my daily post and have been away from the charts for almost 24 hours. This morning I woke up bleary eyed and am trying to get back into the swing of things after eating way too many carbs for breakfast.
The price of Bitcoin continues to grind upward after breaking through the 26 day downtrend (red dotted). The...
