I started building a long position on Saturday and that position has been fully entered as of this morning. I updated yesterday’s post after my $9,751 order was filled to say that I adjusted my last order to $9,455. I wanted to enter there because of of horizontal support, and the 26 day MA on the 6 hour chart. After waking up this morning I am happy to see that...
Posting my 4 hour too. Was able to see previously noted support and patterns play out nicely (see notes). Can we get the same here?
Yesterday I was fully bullish and laid out a couple potential entries. I am very happy to see the most bullish scenario shaping up. We were able to breakthrough the 0.618 fib and $9,800 resistance much quicker than I expected. That also broke the neckline of the inverse h&s and provided an opportunity to buy the breakout. I started with entering 20% of my...
Yesterday I was very happy to see Bitcoin break out of the triangle in convincing fashion. I updated the post in the afternoon and said that I expected resistance from $9,700 - $9,800 where the 0.618 fib line was waiting. I exited my margin long and am currently looking to re enter. I just drew the blue dotted trendline, and that illustrates one of the two...
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 was back to the drawing board after getting stopped out of my BTC:USD long. It didn’t take me long to find another position, however it was not into BTC (take a look at the c&h on ETH combined with potential TK crossover). This morning we find ourselves at another crucial area for the Bitcoin price. We were met with resistance from the 50 day SMA but...
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Yesterday I was long from $9,300 with a stop loss set at $8,924. We had strong support off the 50 day SMA, we also had confirmed with a higher high and higher low. The hammer dojis at support also gave me confidence that we would bounce. I set my orders, and went for my daily hot springs meditation session. The price dipped and triggered my stop loss before I...
Yesterday I started building a position at $9,300 and got fully entered before the end of the day. I wanted to see us confirm the higher low and push forward to a local high while I was sleeping. Instead we continued to pull back and retested the 50 day SMA. That test did not last long and the bulls quickly pushed the price back above $9,200. We now have...
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...
I have been waiting on the sidelines over the last 48 hours waiting for further confirmation before re entering. Last night I expected a small pullback from $9,300 - $9,000. I wanted to see the price hold above that level of support before looking to build a long position. Instead it gained support at $9,150 and formed a bull flag, which is currently uncompleted....
USDJPY has finally completed its 5th wave up. This is a continuation of my previous USDJPY short idea, as the Elliott puzzle has added another piece. It is possible to enter the trade now. TP to come. SL: 109.5
I just returned from my trip and am feeling refreshed after seeing a concert and playing two rounds of golf! The golf was subpar but the music was awesome! I am also very happy to see Bitcoin bouncing after a strong pullback. Over the last couple days I was watching $9,000 - $9,200 as a potential area of support and expected the price to reverse from there. I...
This is a continuation of my previous USDCAD short call, which was stopped out. It appears the H&S resistance did not hold. However, if USDCAD falls to the 1.82 support level, it may confirm another piece to the Elliott puzzle. It would also explain why the 4th and 1st waves were previously overlapping in my miscount - which is highly unlikely to occur. I have...
BEARS ARE IN CONTROL HEAVY THEY ARE ABOUT TO PUT ON A SHOW FOR THE NEXT COUPLE OF WEEKS LETS ENJOY AND FEAST ! 4HR CONSOLIDATION LOOKS PROMISING
Yesterday I updated my post to say that everything was still looking good for building a long from $9,000 - $9,200. If you followed that advice then your bags are likely already packed. Today I am really wanting to see us support above $9,000. That price provided significant resistance on the rebound and if we fall below for a significant amount of time it...
Yesterday I laid out a bullish and a bearish scenario after the price broke through the trend line. As it turns out that was only a bear trap and the price has quickly reversed to the upside! Way to go bulls! I drew the $9,475 horizontal line on the 22nd and expected that to be the next significant resistance after we broke through $9,000. That is based on the...