Good morning, traders. It is now August and Bitcoin continues to rise as expected. Volume hasn't been significant just yet, so traders should continue to monitor movement. Yesterday's daily candle had a ~$500 spread which should have confirmed the pending reversal we had been watching for the previous few days as dojis were printed, along with the daily TD 9 buy...
White candlesticks are small, weak, & irregular in trend pattern. Suspended Buybacks in 2017, reason was too much debt. Shifted into a Trading Range that dropped sharply in Nov.-Dec. 2018. No Dark Pool Quiet Accumulation in the bottom, Small Funds buying caused move up.
Good morning, traders. As with yesterday, not a whole lot has changed. Price continues to drift upward with no real conviction yet. Price dropped into the yellow box as I mentioned it was likely to do during yesterday's live stream and has now hit the upper yellow box I drew as well. It was an easy $350/$400 move for anyone paying attention during the stream. RSI...
Good morning, traders. Nothing has really changed from yesterday. I am still watching the same levels for up or down and still waiting for the H4 and H6 RSI indicators to cross above their resistances. Price has not moved definitively in either direction but it has continued to contract. Zooming out to the daily, we can see that the last three days have created...
Good morning, traders. Things got interesting near yesterday's close with price dropping and then rocketing back up. This was a very strong reaction out of demand at $9100 following a low volume sell off. As a matter of fact, that pop up had the largest M30 volume that we have seen since July 18th and the swing low nearly found the July 17th swing low. This led to...
Good morning, traders. Price didn't close out the daily as strong as it started it, yesterday, but before you get too bearish let's take a look at the H4 picture. Stripping out most of the noise, this is what we get -- price nearing daily descending resistance while printing a possible descending wedge. We can see supply volume contracting significantly as this TR...
Good morning, traders. Yesterday's YouTube video updated was titled "Are you ready for the bounce?" and we did get the bounce. In Discord, I made sure our members were aware of the bullish divergence on the H1 (which also showed up on the H4) following the TD 9 on the H6 which warned us that this move was likely incoming. The RSI resistances on the various TFs...
Good morning, traders. We saw an initial bounce out of the demand zone only to gain some momentum to push back deeper into it. In doing so, what was originally viewed as a poorly-printed descending broadening wedge has become a much more well-formed descending channel and price is currently knocking at that channel's EQ after bouncing off the bottom of the blue...
Good morning, traders. Yesterday I warned about initiating a position at the EQ of the local TR as it was unclear whether price was headed up or down. Price ended up heading down as we can see. I mentioned that, if price dropped, I would be looking for it to bounce out of the blue demand zone or, if strong volume came in with the supply, then I would be watching...
Good morning, traders. After making a high of $11132 this weekend, Bitcoin's price has seen some pullback. It appears that price may be printing a triangle as it completes the local TR. Currently, price is sitting just above the TR's EQ. It's never a smart idea to initiate a position when price is in this area. Traders will save themselves much stress and capital...
Good morning, traders. It seems that right as I got yesterday's update out Bitcoin popped for $1000+. It caught a lot of traders by surprised, but not our premium Discord members. We had already been discussing entries that morning and many of them got in right before it popped. Price topped out about $70 above my expectation and has now retraced almost perfectly...
Good morning, traders. We saw decent movement yesterday follow by rejection at the $10000 level (supply zone as noted on this 4H chart). Price has retraced following that rejection and is potentially finding support in the larger daily grey demand block once more. The 4H RSI is resting previous resistance as support and I have added the next level of resistance...
CSCO has plenty of Buyback activity; however, it has remained stuck in a trading range pattern since last May. CSCO has Dark Pool Quiet Rotation™ Candlestick Patterns occurring within this trading range.
Good morning, traders. So far, we are seeing price play out its part perfectly. After the triangle failed yesterday, we immediately went into flag mode which I described in yesterday's TV update and YouTube video update. As a matter of fact, price reacted exactly as I outlined it would if it took that path. I gave our premium Discord members a target of...
9SP Sitting on the top of the trading range. Breakout could give target roughly 0.05+ Risky, wait for close above 0.023 for confirmation. Has good FA, announcement could send this to the moon. Increasing volume, good sign
Good morning, traders. As mentioned yesterday, a fall below the channel support would likely indicate further downside and so it was. Again, this is why risk management is of the utmost importance. I was stopped out in profit and I hope you were too. If you follow me on Twitter, then you know I floated the idea of this correction being a triangle/pennant. Why?...
Good morning, traders. I figured we could step back and look at the larger patterns and channels in play today. This 1H chart shows us that price has printed, what appears to be, a flag. If so, then the target based on the height of the flagpole is around $19150 on this Coinbase chart. That puts it just below the ATH. I've been talking a lot about different...
GS continues to struggle to break out to the upside from its trading range, which started after a High Frequency Trader gap up last January. There is Buyback activity as well as Dark Pool Quiet Rotation™, and those Buybacks are holding the stock in this range.