MARKET OVERVIEW
After BTC established a new ATH @ $28.4K, price retraced to a low of $25.7K, and is now back up @ around $28K and consolidating near the highs, indicating a high likelikhood of a pending breakout. Therefore, we have a slight bull bias right now, but should price fail to break $28.4K, we need to be ready for a potentially big correction.
The...
This is a quick update on Bitcoin's recent neutral price action.
BTC is clearly consolidating but this sequence is no stranger to us. We have seen this sideways structure a few times since November. The RSI on the 4H time-frame is near its 1st buy zone, which is where the 4H MA50 (blue trend-line) tends to Support Bitcoin and provide the necessary buy...
Market Overview
After BTC established a new ATH @ $28.4K, price has retraced and has hugged along the 200MAs. If the 200MAs hold, we can expect another leg up, but if it doesn't, we might have a pretty steep fall as we haven't established many levels of support on the rapid run-up. Make sure you have a strategy ready should we have a steep fall so that you...
Market Overview
Bitcoin has pumped massively this month, especially in the past few days. In previous years, Bitcoin has also tended to pump in December in what some call the "Santa Rally". Historically speaking, this rally in December has been followed by a correction in January, so it's important to exercise some caution. In fact, it would be very healthy to...
That's one big gap, can you see it? Allow my chart to illuminate the path for you. Providing you the finest data on this side of the cosmos for $Bitcoin - Here we have another particular trade signal setup. As usual, there information is provided to you know differently. Happy trading all and enjoy these fresh racks as they come. Keeping tabs on everything you...
Bitcoin is looking like a pump to high 26000's maybe even 27000 is in the midsts IF we replay the same movement This all will depend on one of the most important tools of analyzing a direction of an asset and that is PURE price & structural based analysis. Seeing repeated patterns/fractals in an asset can be very powerful when used with other confirmations. so...
First of all I would like to wish everyone a Merry Christmas with joy, prosperity and good health! This community has been great for yet another year and I couldn't think of a better time to share a study that I've recently done on Bitcoin showing when the much desired 100k target could be hit. Before we start, let's keep things into perspective with regards to my...
As Bitcoin price is again moving up, we will be looking for it to go up to test the ATH @ $24300. If price reaches the ATH, we will be waiting for two potential scenarios to play out to look for a trade entry on both the long and short sides.
LONG TRADE SETUP: Breakout & Continuation
To open a long position, we are waiting for price to break the ATH, move back...
SHORT TRADE SETUP: False Breakout at Horizontal Resistance
To open a short position, we are waiting for price to break horizontal resistance at All-Time-High @$24300 and then fall down.
Trade Entry Confirmation:
1. Price Action: Price breaks above the high of $24300 and then rapidly falls below $24300, forming a bull trap
2. Candlestick Pattern: A breakout...
This is a quick short-term update on Bitcoin. The price is close to the 4H MA50 and so far it has held three times on respective Higher Lows attempts. This is causing BTC to consolidate within a Triangle.
Triangle's are common within the dominant medium-term pattern, which since late October is a Bullish Megaphone and I have analyzed this extensively numerous...
There are two potential trade setups that could develop and we can wait patiently to see if either setup gives us a good trade entry.
Scenario 1: False Breakdown at Horizontal Support
In this first scenario, we are waiting for price to hit the horizontal support @~$21800 and then bounce back up.
Confirmation criteria for entering a long position:
1. Candlestick:...
This is not my usual highly technical idea but I wanted to share with you this fractal I found and may very well make your day! I will keep this therefore very short and let you decide what's what!
The LMACD of the price action (on the 1W time-frame) following the COVID meltdown of last March, is similar to the sequence on Bitcoin's previous Cycle that followed...
You heard that right folks, this isn't no ordinary Bitcoin Bull Run, there's something coming between you and your bullish outlooks and I'm not hear to tell you exactly what that is, but I am here to help guide you through this experience of Bitcoin Trading.
My analysis goes beyond technical analysis and comes from beyond what the eye can see. Beaming you the...
Well it was a great 24hours and the cryptoworld took the most of it while it lasted, as BTC went from $19400 to $23750. That was a +23% rise in a day but since early Thursday, the price is pulling back. That is natural, you may think, and rightly so as corrections after such a rise represent profit taking of those who happily wanted to book their short-term...
This is a festive post. Bitcoin finally broke the $20000 barrier, so let's take some lines at least to celebrate. This one is for all the hodlers. For all those who had to endure 3 years of stress, anxiety, discomfort and pain but didn't lose hope and held. Those who had to sit and listen to people who don't understand Bitcoin, Blockchain, what it represents,...
No heavy talk, no unnecessary details in the mix. This is purely for those who follow fractals and believe in Bitcoin fractal analysis. Well this is an inverse one and I will describe it in one line and leave it as it is for you to comment.
The post June 2019 price action is an inverse/ mirror image of the sequence from September 2017 to August 2018. I've...
