Happy Easter Traders!
Bitcoin has been in a weird, no trade zone for a while now without much action, but I suspect that's about to change.
Bear traps, bull traps, rising wedges, ascending triangles, bearish divs... WTF is Bitcoin planning here?
To be honest, I am not in a margin trade right now as Bitcoin isn't giving much of an edge at the moment and the...
I hate picking sides, especially when two of my favorite friends are fighting...
I've made a lot of money with the 200MA... and made a lot of money with the 200EMA.
I just wish they would get along, but alas...
This is a pretty unique situation for Bitcoin to be in, where the price is now trapped between the 200EMA and the 200MA.
In a very simplistic view, I...
First off, I want to start with saying trader's don't call bottoms. Anyone who is adamantly claiming bottoms is not a real trader in my opinion.
Trader's use edges, probability and win expectancy to make calculated decisions on their trading to stay profitable over the long run.
I would be very happy if it was the bottom and we went to the moon, but I want to...
It's easy to call it manipulation, but then you'd be ignoring all the technical analysis that told us we should be booking profit, hedging short, poor R:R at those levels and at weekly resistance.
If you want to play the game, the first rule is that there are no rules.
Whales will use their positions to create FOMO from retail traders and will sucker you in to...
If you enjoy my analysis, all that I ask is that you like the chart, leave a comment and follow me to get notified of more chart analyis.
As mentioned in my previous analysis, I thought we'd have one more breakout and then further downside...
Keeping this very short, as I'm not interested in doing TA for others anymore.
Got very sick of everything I'm seeing on CryptoTwitter and hoped to come back briefly to clear some things up for people,
mostly remind everyone to think for themselves and try to see the big picture.
I'm not saying I'm right or wrong, see what you want to see and...
Leverage = 5x
Bitcoin very big pumped, for now we need correction to $4100-4200 after that we have target is $4700 after that $3600-$3800.
Sell - $5144.56
Take Profit - $4242.00
Stop Loss - $6390.5
Take Profit = 17.69%
Stop Loss = 24.08%
Slow and Steady BTC so Altcoins can go WILD! Bitcoin is starting to turn bullish on the weekly which could indicate a major trend change + we have the 200sma weekly support helping the price. I'm looking for a nice a steady continuation.
Anyhow be aware of those nasty overnight drops
Currently developing the E-Wave, all signs point to overall bearish. Looking for the final leg upwards before the next drop downwards. Great Shorting opportunities!!
I have my short entries set at XBTUSD: Kraken 5(X) leverage:
Entry Short (set up limit orders for the following positions) : 3475/3500/3550/3600/3650 ---> also increase the amount added to...
The end of this wedge set up is closing in within the next 3 days.
Bitcoin is yet again forming another potential ABC Bear Flag Formation as it has two previous times.
We also saw a strong support/resistance flip as it tested both the diagonal and resistance as well as the horizontal resistance.
Currently we are sitting on the 78.6% fibonacci...
That was some Price action there. Missed by $10. No problem. Currently it's in no mans land. a break and close above red line will give bulls the upper hand.
Break below the thin green line is back in control of the bears. In between expect some sideway action.
after hanging almost one weak btc just break down of crucial support of 3550$ now the next stop for opening the long position is 3450$ but that's not a strong support foe opening long position, the next strong support for my is 3150$-3200$ this is a strong support and will give enough confident for opening the long position,before that support opening...