This ugly price action on the short term makes sense to me now, we are just putting in an ABC towards the 0.5 FIB of our move, before we can try taking off again. This ABC is actually very visible on a 5min chart, but the wick action we're going through is very extreme and definitely more common in this market full of fear/greed. Here is the detailed version of...
Want to know how FIB trading is done properly? Take a look and learn :-) For the upcoming move, check my latest comment below! Peace out! PS: Never used more than x2 leverage in total (cross) except for the lucky grab at 3290 dollar.
What a week for Crypto! Honestly no matter how hard you tried, you couldn't escape the news regarding COVID-19. Crypto was not immune as we can clearly see based off the prices across the market. We can certainly kiss the idea of Crypto being a safe haven goodbye for now because whales were pulling their money out faster than you can say WTF. It broke through many...
Currently long, take a look at their website, v2 is being released 3/14/2020 . It will have all the much anticipated updates that will strengthen the projects purpose. Looking to sell in May, but if I have a short term sell limit at 15%. Tight stop-loss.
Nice Day today , but can we get continuation.... Lets look at the charts and see. Thank you for watching.
Welcome to the Bitcoin Market Update for 3-1-20
I hope this time the chart speaks for itself. No pitchforks, moving averages, or even Fibonacci's, pure and simple volume support (previous resistance turns into future support). DYOR
Look at the chart to see how I've traded since the second of January. Update: Forgot to draw a downwards arrow at the 8400-8500 range, which was the 0.5 FIB on the move from 10500 to 6400. It's one of the trades where I switches a big long into a small short for awesome profits. Of course, I have been proven wrong to think that the correction bottom was not yet...
Welcome back traders, Bitcoin has been all over the place lately. The bulls are holding out strong, receiving support from the 21 exponential moving average(EMA) at $8,221.40 on the weekly. It is likely not a coincidence that we saw trend support at $8,233.00 the week of October 14, 2019. A weekly close above the 21EMA is crucial for the continuance of BTC's...
Since breaking the Shiff Pitchfork Channel, all you needed to chart for a perfect trading plan, were the FIB retracements ... The recent past A.K.A I told you so! - As I told everyone before, the perfect place to long was the golden pocket of the 6400 --> 7700 wave which was sitting at the 6800 to 6900 area . - Short entries would have been correct at ...
This entire 7 month correction was made to to get rich from! And I told you how to do it from the beginning! Outcome of the Pitchfork Shiff Trendline that defined entire 7 months of correction so far (I drew this in August and published this to you in October): The Pitchfork Idea form October is linked!!! First touch: 9k and price up to 10k second touch:...
EOS has been trying to break the down trend since the recent low on November 25th and is currently trading just below significant resistance. There has been a few unsuccessful attempts in the past week to break this level, however, sellers have failed to make new lows; longs have been able to maintain the upward movement (dashed yellow trend line). More...
Share your opinions, and don't forget to like and follow. ABCD triangle on Coinbase:BTCUSD weekly chart first and second retest occurred within 105 days of each other, if history repeats itself Bitcoin appears to be 70 days away from a further decline to $7800 However, Coinbase:BTCUSD could make a break to the upside testing HUGE Resistance at $9,500
Good day, today Ladies and Gentleman, It's your host xR, welcome to Let's Flip a Bitcoin. Let's take a look at what's been popping on Bitcoin. Shall we, jump into it? Last week we provided you all a continuous update through the mountainous peaks and valleys. Bitcoin displayed no mercy towards thousands of over-leveraged investors. In our previous analysis, we...
Same Shiff Pitchfork as posted earlier in my Idea linked below is still dedicating the short term swings correcting last week's 43% pump. Hey guys, let's agree at least that this pump was worth its money, even if we retrace 50% in a few days. I mean come'on guys, I have been trading Bitcoin since 2016 and this is completely out of the ordinary. In fact, at this...
Shown are the technical pivots that had influence over the past months during the Bitcoin correction. The high came very close to the .65 Fibonacci retracement resistance based on the entire bear market from the high 19k to the low 3k levels. In fact, it perfectly hit the .64 Fibonacci level drawn on my chart. .65 is also called/believed to be the golden...
It appears shorts are covering. Currently watching to take profit in the Fake Out zone. If price breaks and holds above 208, I'll be looking to take profit and short around 275.