The control belongs to buyers no matter whether it is your bias to fade this move or continue riding the pig. It is Buyer's move and they are playing to damage their opposition with much effect. The capitulation from sellers here will be brutal as we start to see the liquidity trap. The buyers are rushing to capture an appropriate amount of safety and...
Bitcoin continues its ascent towards 14k as the continuation pattern that has been building since the end of July, breaks to the upside. Bitcoin now sets its sights on 13.1k where it should look to consolidate and then make another push towards 14k. Depending upon how much strength the bulls have this could all happen this week. A much more likely scenario is that...
Breakouts and impulsive swings 📌 @ridethepig June Map Buyers had the move and played to exchange at the key support lows, which despite the length of compression can also be expressed in an impulsive breakup in no other terms than: Buyers in full control and gunning to take out the highs in the compression range. I managed to carry out the...
BTCUSD with an underlying bid tone trickling slightly higher and completing the second targets in the sequence. For now though, I am happy to continue fading intraday dips in BTC and look to re-instate longs around 9360/9400. The unhealthy collapse in consumer confidence in the public sector will continue adding to the brighter picture for BTC. Gold and BTC...
Awful macro prints from Europe this morning, expectations of those betting on a quick V-shaped recovery will be rectified. BTC is entering back into play and offers protection on the risk side, it is evident that a compression range is about to blow, a break of $10,000 will trigger momentum as any remaining shorts are forced into retreat. The flows must be...
#BTCUSD update: #BTC 4 hours candle finally closed above trend line. so I opened Long here. but keep in mind if any candle close bellow trend line then I will exit for safe zone. if any candle close bellow trend line then I will open short position. Support: $6900/$6300 Resistance:$7700/$8550 Please like and follow me for latest crypto updates. Thank you
#BTCUSD Profit update: #BTC now at $6500 Support. If this breakdown then next support is $5800. I can expect $5800-$6000. Support: $5800/$5200 Resistance: $6750/$7200 Please like and follow me for latest crypto updates . thank you
What most people don't realize at times like this is to zoom out and check the bigger picture. This is the weekly chart of bitcoin which show a symmetrical triangle formation and possible bull flag. Also note how the volume is slowly lowering since the kickoff of the bullish run. In the shortterm bearish scenario: My first target is going long 6500-6700 My next...
Even BTC could not avoid the exodus from risk last week. Positioning isn't the problem in this case as the market is back to Jan levels, a clean sweep of the soft hands to reset play ahead of the halving ... We can expect to see a broad recovery of Crypto this week on the back of co-ordinated CB policy intervention, I still favour trading BTC from the long...
You have to bet on this bunny to win.. right now it is better to be buying BTC dips because its miles ahead. You all know by now how things are turning down on the fundamental side, BTC will perform in the same way Gold has of late. Things are going to get worse on the macro side, and you are just saying at this point in time BTC is one of the best places to...
I saw inflows from large hands in LTC yesterday. I still have a bias to trade it from the long LTCUSD side and expected outperformance of LTC against peers like XRP and ETH as the BTC tide continues to rise. In the medium term a test of $137.x looks a done deal, next area to cover is $93.x which should also come into focus this Month. A flawless breakout so far,...
As expected... an interesting day for BTC and other major Cryptos with risk under pressure once more from the latest Apple announcements. There is little to update on the fundamental side, with BTCUSD finding support at $9,500 as expected. Risk is likely to remain under pressure today so buying dips is and remains the strategy. A break of $10,000 will likely see...
With treasuries below inflation for only the second time ever in history (btw first time happened at the end of 2016 before monetary tightening). Global CB's are co-ordinating easing this late in the cycle makes it a matter of 'when rather than 'if' BTC will explode. This is the perfect environment to be adding on the dip, and a must have for all portfolios! My...
On the Crypto side, the market couldn’t make up its mind whether to break $10,000 or take some profits. After a little bit of both types or price action so far this week. Cryptos were generally positive and the dollar offer seems to have returned. Mildly positive headlines on the nCoV front regarding antidotes, combined with reports of some returning to work is...
The breakout in play at the $10,000 barrier a level which is itself protected. Another possibility is to remove the "profit taking" from consolidating underneath of the level. The sizings from China are impressive and more generally markets happy to take on risk after achieving a lot of sufficient PBOC support. Buyers intend to increase the power of the threat...
I was just playing around. I suppose it will not happen this way, but if we do follow this trajectory and never break the 10 SMA on the 3D time frame we should hit the new all time high price of BTC by June.
With a headline that Circle are looking at sanctioning customers with Poloniex accounts BTC is sent sharply higher above $7,500. As with most cryptos recently, the apathetically weak bulls are shaken off the headline as it quickly settles backdown before continuation from large hands. Shabby geopolitics and protectionism will continue to be met with a lacklustre...