tradingrange

Good morning, traders. Imagine thinking price hit the high and shorting already. Or worse yet, remaining short and not buying the dip yesterday. Of course this is only a sad predicament if you believe price will head higher before heading lower. I continue to remain long at this time. Nothing has changed, in the larger picture, to warn me that I need to exit my...

Good morning, traders. I see a lot of traders are very disturbed by this small move down and, as a result, reversing their calls this morning. Yet it's exactly what I said was likely to happen. With the break out of the 4H TR being the SOS, the odds were high to return to the TR and test it as support to complete the BUEC/LPS before printing another, higher, SOS....

Good morning, traders. If you watched my last video update on that other social media site that Tradingview won't allow me to mention, then you know that I had two possible symmetrical triangles that may be printing on the daily TF. There is the immediate one that I drew on last Friday's TV update, but then I discussed the possibility of a slightly larger one...

Good morning, traders. If you are with us in Discord, then you know that Bitcoin's move over night hit the third target that we had based on the Dragon harmonic pattern. It also hit last night's triangle target and a bit more, while sitting up the golden cross. As long as price remains elevated through the daily close, that cross should happen. This Show of...

Good morning, traders. Everyone continues to scream that the sky is falling but price action is telling us something different. Even I had taken a quick position that we may have completed subwave 5 even though I mentioned that I didn't like how short it was. After this weekend, I believe that we may not have completed it yet and, as a matter of fact, subwave 5 of...

Good morning, traders. As you are likely aware by now, price took off last night and hit a high of $5080 (~$150 above the 1.618 extension off the first wave in December 2018) just above the daily R4 pivot as I have been attempting to prepare everyone for as an increasing likelihood of happening due to price action and volume, especially as of late. I hope we stop...

Good morning, traders. Many were scared off by yesterday evening's little drop. As we can see, price bounced just above the pivot closing above the 21 EMA once more. The short double bottom target, of the swing high denoted by the purple line/R1 pivot, remains at this time. The 4H Stoch RSI is nearing a bullish cross in oversold. RSI remains bullish at 56.8. The...

Good morning, traders. Price continues to push up gradually. Our targets remain as shown in the charts. As mentioned yesterday, the current TR as drawn on the daily appears to be reaccumulation with an uprise with an immediate target of $5910/15 based on the height of the TR, on the larger TF. The 1H chart has price printing an ascending wedge as it looks to...

Good morning, traders. I believe we are a lot more bullish than most of retail thinks at this moment. We see the dips being aggressively bought up with price still pushing higher. Everyone continues to compare the current market to 2014/15, which only results in feeding their bearish bias. As I've mentioned before, nobody is comparing price action and volume from...

Good morning, traders. I am getting a lot of unfortunate direct messages from traders who are attempting to trade in and out of the current shorter-term price movement and losing significant sums of capital in the process. As I have continued to warn, this chop is not the time to be doing that. Even really good traders understand they are pushing their luck when...

In the Investments channel in our Discord, I suggested that it was likely a good time to buy in November 2018 at the point noted. It looks like we may have another good opportunity to buy now as well. Gold appears to be completing subwave 2 of wave 3 with an initial target of the R2 pivot area as well as a full wave 3 target of the R3 pivot area. The former...

Good morning, traders. Price tapped out just shy of the $5300 level at $5282 yesterday. Those in our Discord were alerted three hours prior to the $4800 target of the drop and price hit $4800.50 (missed it by 0.50). I then posted a target of the $5075-$5110 area as resistance and that was hit a few hours later. Unfortunately I often don't think about updating TV....

Good morning, traders. Not a whole lot to talk about this morning but I'll do my best to give you multiple views of current price action. Bitcoin's price continues to trade sideways within a small TR which I have labeled on the 15 minute chart. We can also see that a possible Adam and Eve double bottom is building. This won't be confirmed unless price closes above...

Good morning, traders. Yesterday, I put out a FOMO bull case as has been requested numerous times, so tomorrow I will put out a bear case. Today we will take a look at what happened overnight and see how it compares to what we've been looking at lately since a lot of traders are confused and scared. If you've been in Discord with us, then you know that our admin,...

Good morning, traders. Not much happened over night. Price bounced out of demand at $4778.59 yesterday and is currently attempting to push through supply. A move above this supply level would make a case for bullish continuation of the upward trend before further correction, especially if price exceeds $5100 again. In that case, this small and short retrace...

Good morning, traders. Man, the bears are extremely salty today as expected. Lots of narratives going around about why price jumped like it did and how it's just a bull trap to unload bags of BTC. The amount of garbage posting as legitimate TA in this space is almost unfathomable. If you've been following me, especially my daily videos, then you know why price...

Good morning, traders. We saw price push through resistance over night as expected, when 4H RSI breached its own resistance, but supply continues to attempt to halt the momentum. This is the first time price has been able to breach the ATH diagonal resistance line which makes it a significant move. In doing so, price has also left the very large descending wedge...

Good morning, traders. I hope you are being vigilant and monitoring market conditions. The lull most often results in retail traders losing money as they get bored and lazy because price isn't moving much. Daily volume yesterday was the most we've seen on Bitstamp in over a month and resulted in a nice, large daily candle. Price has halted appreciation at an area...