Well since the start of this cycle I have been bullish but now I can see that with the drop from 7.1k area we are starting to get a bearish signals from our indicators also what I can see from my chart is that we have backward reversal building up as the angles of each pump are becoming smaller which means the pump impulses are weaker which indicates that there is...
After my last update I told that we would reach 7.1k and now we retraced a bit from that area and I think maximum we can retrace to 6.8 area and then I see another pump coming where we should finish wave 3 and my target for this pump is 7.3k. We can see on our 1h chart that we are oversold, and on 4h chart we are moving toward the oversold area, EWO is still green...
BTC/USD has broke above the 50 EMA on the 8 hour chart and is currently finding support on top of it. The contiuation pattern further down has thus been canceled. We can see BTC/USD jump high next if the current supports hold strong. Let's see how this plays out! Remember, as always, unproper risk management increases your chances of failure no matter how good...
More shorting is coming up for BTC/USD as the current price area does not seem to be a strong enough support area for it to reverse back up. We can expect it to go down until 5600 for now. As always, risk manage properly and always trade rationally. Happy trading!
Recent Successful Tortuga Indicator signals. Not bad. My indicator is 75% effective backtested on BTC, if you are interested in a monthly subscription for access to my indicator shoot me a DM and follow me for more updates! If you like what you see and have any intention on margin trading on Bitmex my affiliate link is below and I would greatly appreciate anyone...
BTCUSD broke out the downtrend line, i am expecting the upside to continue to test the $8,000 over the coming days or so. Watch for consolidation here and buy on breakout.
Greetings to anyone who is reading our analysis, To get right into the chart, we have a couple of levels to consider currently as we move forward. First, we have the falling trend-line resistance (in red), coupled with the 61.8% fib level, which held BTC down from approximately 8400. Second, we have the 1200 EMA below (in purple), which held as a supportive...
WAIT AND WATCH MY DEAR A BIG DROP TILL 2800$
In this area I see another drop on a price of bitcoin after some rejections by a very strong resistance.
Yesterday’s analysis: Wanting a red 9 on the daily (Wednesday) in confluence with red 9 on weekly. Thought that it would pullback to $5,000 by then, is currently much more bullish than that. Patterns: Higher low on daily. Inverse h&s with neckline at $6,800. Weekly Triangle Horizontal support and resistance: R: $6,500 S: $6,200 BTCUSDSHORTS: Threatening to...
Outlook: 1-5 days: bearish 6 days - 1 month: bullish 1 month - 6 months: bearish 6+ months: super bullish Yesterday’s analysis: Waiting on the weekly 9, wondering if we will grind downward slowly, or get some capitulation Patterns: 4hchart: Rejected bear flag. Bullish A-B-C-D pattern. Inverted h & s invalidated with move below $6,260 Horizontal support...
Continuing with the new theme please see the checklist and notes below. Conclusion is the same as yesterday . Outlook: 1-6 days: bearish 7 days - 1 month: bullish 1 month - 6 months: bearish 6+ months: super bullish Yesterday’s analysis: OBV consolidating, Weekly 9, Daily amended countdown, resistance from 50 day MA. Expected downtrend through Sunday and then...
I am going to try doing things a little differently moving forward. The bottom line is that I have been spending much more time on this each day and seeing too little return in terms of networking and community interaction. The checklist below is what I go through every day. It is a list of my most important indicators in order of importance. There are so many...
Yesterday we examined the weekly chart and noted the strong buy signal from the Stochastic as well as the Tweezer Bottom from last week. I also noted that the RSI had climbed back above 50 for the first time in two months and also pointed out bullish divergences in the weekly and daily OBV . We have also been waiting for a few days on the 50 and 200...
Yesterday we looked at the reasons why I am expecting a $750 - $1,000 pump from the current price level. Today we will look at the mounting bullish indicators and ask ourselves if they are enough to bet against the bear trend. Today is Sunday and we only have a few hours left before the weekly candle closes. We are on a red 8 out of 9 on the TD Sequential...
Yesterday we examined the ema’s crossing over on shorter time frames, the bullish setup on the 4 hour Ichimoku Cloud, as well as the reasons that kept me out of the market while awaiting further development. Today we are going to look at a few reasons why this market could have found a bottom as well a few reasons as a few reasons why it hasn't. Let’s start...
Yesterday we went back to the drawing board after the trailing stop losses were triggered on my ETH:USD and BTC:USD shorts. I am 99% certain that we are yet to find a bottom, therefore I am preparing for the next bearish entry. If you missed yesterday’s post I would recommend giving it a read. I outlined major areas of resistance and it should give you a good...
Over the past couple days we have been examining the short selling volume as it relates to the price of Bitcoin. I noted that the shorts had fallen off drastically while the price had remained flat/fallen slightly. That told me that the only buyers above $5,900 were short sellers taking profit or getting liquidated. On day 122 I wrote: “I am expecting the...