Live trades will be called in the latest daily post. Follow me to trade live with me! MARKET OVERVIEW Price Action: BTC made a new multi-year high @ $42K and has been consolidating since between the 200MAs and the ATH. Chart Patterns: No significantly visible chart patterns. Areas of Interest: The area(s) of interest for us are the highs @ $42K. Once...
Live trades will be called in the latest daily post. Follow me to trade live with me! MARKET OVERVIEW Price Action: BTC made a new multi-year high @ $42K and has been consolidating since. Chart Patterns: No significantly visible chart patterns. Areas of Interest: The area(s) of interest for us are the highs @ $42K and the 200MAs @ $39-39.3K Once price...
I hate going into weekends on a not so positive note, but I need to sound an alarm ahead of the 50k barrier. Basically the current study is an extension of a post I published a few months back. ** Fibonacci extensions reveal tops and bottoms ** As you see I've used Bitcoin on the logarithmic scale of the 1W time-frame. I have applied the log Fibonacci extension...
Live trades will be called in the latest daily post. Follow me to trade live with me! MARKET OVERVIEW Price Action: BTC made a new multi-year high @ $40.4K and then had a violent correction, a selloff of 9%+ from peak to bottom. Chart Patterns: No patterns. Areas of Interest: The area(s) of interest for us are the high @ $40.4K and the 200MAs projected @...
Live trades will be called in the latest daily post. Follow me to trade live with me! MARKET OVERVIEW Price Action: Bitcoin established a new ATH @ $37.3K, and is now retracing slightly. Chart Patterns: No significantly visible chart patterns. Areas of Interest: The area(s) of interest for us are the highs @ $37.3K, the S&R flip @ $35.8K, and the 200MAs...
From our analysis yesterday we expected a further push up in price to form wave (5). which has played out as expected, there is a high possibility of fall from this region soon.
So Bitcoin had a rather sharp pull-back on Monday, which reached -20%. Many traders got scared to enter the market but to the surprise of many, the fall got bought back immediately and in 1 day all losses were erased. It is interesting to mention that the rebound happened on the 4H MA50, as I described on my post last Sunday (see below): In this cross-cycle...
LIVE TRADES WILL BE CALLED IN THE LATEST DAILY POST. FOLLOW ME TO TRADE LIVE WITH ME. MARKET OVERVIEW Price Action: Bitcoin established a new ATH @ $34.8K, then had a flash crash down to $28.1K. After a rapid bounce from $28.1K, price retraced to the 61.8 Fib retracement where it gave confirmation of a second leg up, and we are now nearing the ATH again in...
There is a high possibility that the bitcoin price retrace to somewhere around 27000 before we see another push-up
There are also several signs and patterns to consider for this 1st month of 2021. Bitcoin made All-Time High" (ATH) $34.8k, but since we see a correction. Everyone must be wondering how low it can go this time. ** RSI and MACD at 4H ** As shown in the figure, BTC has maintained a rising pattern since December 12. During this period, there were 4 pullbacks but...
This is yours truly. Please refer to the following chart for your next 6 months. Key: Green: Supportive Level Orange: Sell Trigger Red: Take Profit Stack those Sats Boys & Girls. #LetsFlipaBitcoin.
LIVE TRADES WILL BE CALLED IN THE LATEST DAILY POST. FOLLOW ME TO TRADE LIVE WITH ME. MARKET OVERVIEW Price Action: Bitcoin established a new ATH @ $34.8K and has slowly retraced, now nearing the 200MAs. Chart Patterns: No significantly visible chart patterns. Areas of Interest: The area(s) of interest for us are the highs @ $34.8K and the 200MAs @...
First of all congratulations hodlers. Another benchmark, the very important $30000, has been breached! There is every reason to be excited yet again, but rest assured, there are also several signs and patterns to consider for this 1st month of 2021. Today Bitcoin made yet another high, almost hitting $35k, but since we see a correction. Everyone must be...
MARKET OVERVIEW Price Action: There was a ton of volatility in BTC, with thousand(s) dollar movements to the upside and downside. BTC made a new high at $33.3K, retraced back down to $30.3, and now creating a new high as i am typing this. Chart Patterns: No significant chart patterns. Areas of Interest: The area(s) of interest for us are the previous...
MARKET OVERVIEW Price Action: Bitcoin established a new ATH @ $29.6K before rapidly retracing, which gave us a profitable short trade, then bounced off of the 200MAs, giving us another profitable long trade, and seems poised to make another go at the highs. If we again get a new high that is marginally higher, then we might have an opportunity for a third...
MARKET OVERVIEW Price Action: Bitcoin established a new ATH @ $29.5K before rapidly retracing, which gave us a profitable short trade. Chart Patterns: We seem to be moving up in an upwards trending channel, so we will need to pay attention when price reaches either the top or the bottom of the channel, and be extra alert should the bottom break. Areas of...
First of all allow me to wish everyone a Happy New Year! This community is and has been more than great this past year and even though we are all here for trading/ investing, let me wish everyone above all good health and prosperity. Now back to trading and Bitcoin in particular. This study is a cross examination of BTC's cyclical phases in relation to DXY's (the...
MARKET OVERVIEW Price Action: Bitcoin saw some volatile price action yesterday, with new ATHs and flash selloffs, creating panic and fomo. Many traders in the chat were in a state of panic. We have established a new ATH @ $29.3K, breaking the previous ATH @ $28.4K. We are in dangerous and volatile territory as price is just as likely to pump as it is to a...