Today I go over the intricacies of BTC's trend in the past and how that translates to moves today.
I'm still long at $7800 and took some profit so I could lower stop, but the bearish movement is now about 4 weeks old and we are well below the 200 SMA and closing dailies below the 200 EMA, so BTC will have a lot of work to do the remaining 30 days of this cycle to prove its ready to trend bullish. If we end up with a left translated cycle or a failed cycle...
Lots of stuff in here: Accumulation-Distribution Bubbles Gaps Untested areas Volume profile and many other things... Both describing what could lie ahead as well as talking about lots of interesting concepts and phenomena
Summary and additional points: In the video I talk about the current TA and QA, talk about all the narratives as to how we got here, the current landscape of the market and many other things. Bitcoin should be bouncing here but looks too weak. Too many longs... Funding, open interest and premiums agree with that. The market could get to 8400 but that's as far as...
Hello dear crypto friends, hope you're doing well! ;) In this video we're going to discuss if BTC is building another U-turn. Very important: Bybit is launching a competition with 100 BTC as the prize pool. Let's join this and show the Moonboys from Youtube how trading really works! ;) Have fun watching. If you had some value from our analysis, give it a...
What's up ladies? I hope you enjoyed this video. I tried to explain why it is the time to bet the farm. I hope it was helpful. Feel free to SMASHH that LIKE button to help me continue my work. Follow me on TradingView as well if you liked this video. Take it easy team. ~BO Founder of Megalodon Algorithms and Automated Trading Bots
Today I go in depth on the proper way to take a long position on bitcoin today.
This is a bearish chart, but let me clarify that I"m still bullish, still long at $7800 and still looking for bull market to re-ignite. But is important as a trader to understand what can go wrong and adapt. What if this rally and cycle fails, what happens if mid December is the yearly cycle low? The simple answer is that we would have some very bearish...
Bitcoin has made a strong move up, consolidated and now breaking down. Nothing is broken, but until we make a higher high and right translated cycle, we do not have a bullish trend. Long from $7800, stop at break even.
Hello dear crypto friends, hope you're doing fantastic guys! ;) Grandpa Bitcoin is in the sideways range still, and will see a breakout coming soon. Also, I explain to you, what your best options as retail trader are. Have fun watching! ;) I have just crossed 600 analyses published. If you're getting value from my analyses, please support us with your likes &...
Bitcoin, Best place to buy is ...
The compression range will point out the direction of trend quite effectively once it breaks.