Greetings dear traders,
Here's what I see happening on the charts. BTC market has gotten ahead of itself. We are now consolidating and entering back into the "Larger Uptrend Channel". We will still reach our targets or 12,927 and 17,146 after that. It will simply take a little more time if we reside in this channel.
As you can see from the chart, we should find...
Bitcoin should now start to trend up for the next week or so. I expect to be at the top of my BLUE downtrending channel again in 4-6 days or at around $10,000. In almost 3 months, the bulls have not yet proven that they have the strength to break out. I personally will be looking to sell (at least half, maybe more, maybe less) again once we get there. I want...
$12600 support has held and our new cycle has begun! Yay!
Take a look at the chart. With the extended consolidation, it became necessary for me to update my targets. This extended consolidation allows me to also extend my target(s). Notice I have two now.
So, what is going on here is that it seems we are in a wedge. Elliott Wave dictates an ABCDE touch and then...
In my last post I recommended to wait. Now, I am recommending a buy.
Technically, this sell off is perfect and exactly what I had been hoping for. We touched $58.20 as of this writing. Exactly where I had my buy order set at. Actually, that low on the candle IS my buy order which was partially filled. Lol. There is the possibility that we still come down to $55,...
Be careful here folks. This could be a BTC headfake. I remain skeptical that the bulls are back in control until we cross above the TOP BLACK line of my long time BULL channel and open a new candle ABOVE this TL on the DAILY.
As of now, it looks to me like this could just be the first candle of a bear flag. If so, we would continue down below the $4000 support to...
After an absolutely explosive and insane move from $50 to nearly $100 in only (6) six days, Litecoin put in another (5) five days of consolidation. Initially, I had hoped it would drop to $57.75 or even our $50 support. But now I am not sure this will be the case. Litecoin continues to look bullish. And just like my Bitcoin chart, it appears that Litecoin has...
Let's play a game. Count the ascending triangles. Do you see them? There are 3. The first two are history. We obviously broke out. We are working on the the third and final. If we break above and close higher than this last triangle, we'll go to $4800.
The second ramification of this potential breakout would be the formation of a new BULL channel. I've outlined...
Looks like Bitcoin has decided to consolidate. Here are the two levels I am hoping we drop down to. The bottom two ($3410 and $3263) represent an excellent buying opportunity if we can get there.
I just want to take a quick minute to remind everyone that the previous trendline for which I drew the bottom of our bullish channel (GREEN) still remains significant despite the fact that it was already broken three times (down on the 10th, up on the 20th, and down again on the 25th).
That being said, I am not saying that we'll enter back into the channel...
The market decided that they were not comfortable with the price we were at yesterday. If you follow my post, you'll remember how often I talk about the bottom trendline of my GREEN channel. It is significant. Still is. Once we entered back into the channel, I bought BTCUSD again. I updated my trailing stops often to follow the bottom of my GREEN channel...
