Hi Guys! So lets take a look at the Daily chart here. Looks like Shit, I know - BUT There is a positive takeaway. If we look back at the charts over the course of the past 365 days we see a trend that has repeated itself , quite expectedly on 4 other occasions. So the question is: DOES HISTORY REPEAT ITSELF? The LOWER Yellow line is a support line from...
Hello! The TRAIN is unstoppable! In this down-train, we had 7 bearish days in the row a small pause (doji) and three after that! Last time when we got 7 or more red days in the row was 07.2014, so, more than 4 years ago, a pretty significant yes!? To me, to make a new TA. was very hard and I thought this is even impossible because we need to settle down to make a...
btc nearing to its 5.4k major support level where we may bottom out and soon see a W shaped recovery :D since we broked 5.8K so bears may not yet be done
Trades, Here we have BTC/USDT 4H chart. We have a strong bull trend vs strong bear trend past days of trying to break the bear trend end to be fail and liar but I think this it now by review the H&S I had published since the last try to break Here We have to be patience this critical point will determines a lot of directions probability for the next...
Bitcoin: Which Exchange is Best/Most Reliable for trades, stops, and signals? (next buy-points at bottom) Bitcoin Update Coinbase/Bitstamp and Bitfinex The ridiculous situation of multiple prices across multiple competing exchanges has once more caused chaos with stops yesterday if they were raised too tight under 9900. The subsequent low on Coinbase was 9914 and...
Bitcoin: BTCUSD Update Getting Interesting Again Now If you held your stops under 7660 as advised at start of weekend the 7717 level has proved a good entry point. However even if stopped out like me for 30 point loss after spending the weekend fishing, losing bait and cursing and never getting a chance to buy from lower, at least now, after breaking...
Bitcoin: Update next buy Points Clean Chart Summary: Overall dull right now but with a positive undertone, still, at these levels. We look to buy from lower, closer to 7531 if touched or, if very lucky, on any sharp fast test of the lower parallel which would also be viewed as an excellent buying opportunity, should we be lucky enough to see it later in...
Bitcoin: BTCUSD Lots of opportunities to get long again off the blue support at 7426 and a few points higher before Bitcoin blasted higher, doing just what we needed it to without messing with heads at 7570. Now that's a green candle...worried we might see another blow off top as the great whale surfaces and blows, like last time, leaving a great spout from here...
Bitcoin: BTCUSD High at 7538 (2 points short of target) Closed out for now...looking to get long again from lower now. Stopped out pretty much as expected last night at 7190, making 240 points on first position, 100 on second and nothing on the 3rd entry. OK but not great, with spreads, yesterday was one where we ended up working for the broker...selling at...
Bitcoin: BTCUSD Bulls have won the battle for high ground above 6950. look to Buy dips from here to the highs Well we should have booked about 200-240 profit on long from 7000 as Bitcoin spent 19 minutes dancing either side the little dynamic, a mercifully short battle before bulls won the day, triggering the long with stops 50 under the line which were never...
UPSIDE from here Stuck in Neutral Still - Shock...since when was Bitcoin neutral? Bitcoin is doing its best to defy the bears and is technically sound above 6440. It's still a buy on dips to the pivot at 6470-6440 with stops just under 6420 for small loss if wrong But trade is slow and whilst below that old dynamic support at 6585 now it's still twitchy and...
Bitcoin: BTCUSD See how the successful retest of the bigger controlling (until midnight est) parallel took 2 hours to occur at the 6150 level? This retest of the old dynamic support we were looking for around 6515-6500 range has taken an hour to play out as price danced either side of the line but with a low at 6503. It's always a tense period watching,...
Bitcoin Update Although it's now testing the next line of support at 6312, unless a day trader would advise to stay short lloking for a test of the lower parallel. Some day traders will close out here looking for a decent counter rally back to the last support/new resistance at 6425, though the old trend line, now at 6390 may now prove so toxic that any rally...
BITCOIN: BTCUSD On the Brink Right Now Testing the first support 6425 range. Day-traders will be closing out again here, looking to see if selling power wanes ...don't think so but it could create a little counter rally from 6425-6400 , with 6400 being the exact point where the medium term trend line stands right now - and if it does, it should get stopped by...