I am very happy to see that Bitcoin broke out of the triangle I drew yesterday! The market is getting more and more bullish by the day and I am loving every second off it! Yesterday I said that I expected a $10,000 restest if we could hold $9,000 for another 12-24 hours. I also mentioned that I would be staying away from BTC until it broke out of the triangle...
Yesterday I was waiting further confirmation before looking for an entry. My ideal scenario was a $9,650 retest and then a higher low around $9,300 - $9,500. The price didn’t quite get to the $9,650 area but it did create a higher high. Now it appears to be forming a higher low. The last two candles have a bullish shadow and I like the hammer that just closed. I...
On April 26th I drew the dotted line down to $9,000 and explained that I need that area to prove itself as support before I would consider entering another long. Yesterday we saw the price dip down to $8,900 before quickly reversing. At that point I saw two options: Range for 3-5 days from $8,900 - $9,300 Create a higher high, and go for a $9,650 retest We are...
Yesterday I was very happy to see us break the the 0.382 FIB resistance as well as the log trend line! In daily update I also mentioned that $8,900 - $9,000 would be the next area of resistance and that's where we pulled back today. From here I expect it to be smooth sailing for the next week. This is when it is very easy to get complacent and/or greedy. Stay...
Over the past few days we have been on red alert, awaiting final confirmation that this bear market is over. Step 1: Break through bear trend (red line) Step 2: Turn that trend line into support Step 3: Golden Cross on 50/200 day SMA In yesterday’s post I pointed out the dragonfly doji that was forming on top of the trend line and was watching for the price to...
It looks like the end of a mini phase 2 on the daily. May go down on the next 4 hourly bar. May confirm retest on horizontal 1.25596 and then will drop down.
Bearish 4H candle that hit 50% Fibonacci, 100MA and ichimoku cloud. Price action now correcting lower for at least 2 more four hour candles. *beware of NFP data in 5 hours or so SL 1.2927 TP1 1.2800 TP2 1.2772 You may contact me for further support on the internet if you need. See my TV profile for more info.