AussieCrypto1

AussieCrypto1 Updated 

Descending Triangle Inception: Will the Third and biggest Descending Triangle break down to target? The descending triangle pattern seem to work well with Bitcoin. In saying that, quite often they do not make target and bounce off other support zones, which is fine, it's still trade able if you trail your stop into profit and that's all that matters. The last...

AussieCrypto1 Updated 

I saw this pattern a few days ago where the first arrows are drawn and bought in for a long at $3750 off the ascending trendline with a tight stop at $3600. I should have posted it then but I see opportunity for more profits here so late is better than never, This pullback behaviour after the breakout is normal in ascending triangle patterns:...

AussieCrypto1 Updated 

I see Bitcoin bouncing off the 4hour Sequential 9 that is coming and It should have a run up to either to the breakdown of $3300 or as High as $3400 to squeeze out some shorts. Be careful in trading this bounce, 9's don't always bring upside in bearish postures such as this so we may not get much of a bounce at all.Following this possible 1-4 candle bounce (4-16...

AussieCrypto1

This one's a little late as I've been too busy to publish my recent moves. I recently shorted off the daily 9 on the TD indicator but I have recently got back in at 7880 with a very tight stop at 7700 if it goes there or lower. Reason: it seems to be holding up from 7800 fairly well for the time being and the daily 9 has already given us 2-3 candles down including...

AussieCrypto1 Updated 

The 4 hour hasn't been overly helpful lately but I just wanted to post that there is a 9 coming up very soon and the candles are looking toppy. There maybe be a small short opportunity here but only for the short term, 1-4 candles max so keep a tight stop in place, keep an eye on it and preserve your capital.

AussieCrypto1 Updated 

It's quite hard to draw my arrows on this one as I am posting it somewhat early hoping that a 9 count will come. The probability is that a sequential 9 will give 1-4 candles reversal (including itself). I made a good short term trade yesterday using this indicator when a 9 showed up before this rally. Note that it shows a red 1 now where I shorted but at the time...

AussieCrypto1 Updated 

The TD 9 only corrected on itself on the 4hr chart (9 candle went down) and I've noticed the 4hr TD count hasn't been very significant/helpful recently. I have found the 3 hour chart to be more helpful over the last few weeks when it comes to the TD sequential indicator so I want to share my thoughts here. We have been working on this symmetrical triangle and the...

AussieCrypto1 Updated 

Just some TA on the 4hr chart on BTC. I think we will possibly see another bounce from the bottom of this symmetrical triangle with one more push to the top before we break down to 6k and lower. I doubt it will go much lower than 5k for fundamental reasons and I will start buying in the $5200 area and lower. The main reason I'm overall short to 5k is because of...

AussieCrypto1 Updated 

I believe this recent consolidation to the downside is going to break further down. With the probability of double bottoms not holding and usually breaking down, along with the death cross of the 50day ma crossing below the 200day ma, I do not see any case for the bulls right now. Don't get me wrong, I don't want BTC to go down but I am presenting what the charts...