Casey22

Casey22 Updated 

As we all look up, just want to point out a pattern that would play nicely with the overall halving cycle of bitcoin. $10,400 has had historically a lot of resistance. I know it looks like we may blast through it right now, and if we do, this pattern is completely invalidated. For the record, I am still long until we see some topping action. I could see,...

Casey22

If you are purely a pattern trader, Lyft is looking fantastic, with a measured move to $62. I would look how earnings are (reported this week), and if strong, can buy the breakout of this triangle, and if weak, can potentially buy at the bottom of the triangle, for a future breakout. Great looking chart. Options up to $55 make a lot of sense on this one. That...

Casey22

Simple little chart about BTC (and any asset) and just very basic trend lines about basing (phase 0), slowly rising (phase 1), creating a bullish environment (phase 2), and then, mooning (phase 3). I want to be bullish, and I am not doubt long term bullish in Bitcoin. I just think some more downside action to go as we need to base more and slowly rise. I am not...

Casey22

Short one on BNB as I do not feel there are enough traders covering it. I will try to post more on it. Unlike choppy coins with massive moves, BNB acts as a more mature asset than it is. I am long and expect healthy continuous returns. With Binance finding multiple use cases for this coin, as well as diminishing supply, I do believe we could easily see another...

Casey22 Updated 

I posted my last long term BTC update in July discussing that, at the time when we were at $13K, we would most likely get pulled back to between $6-$8K, based on the fib levels and a healthy overall retracement. Now that we have hit that target, and as we are kissing the .618 (yet again), I have been getting hit up on social media and by friends about where we...

Casey22

I see a lot of traders discussing the triangle and we have broken out and going to rise, be aware of bear traps, false breakouts etc. As far as I see it, this is the actual triangle we are dealing with, and a break to either side of this with a close will represent the true direction we are about to head.

Casey22 Updated 

EOS in a nutshell - Rose to ~ATH of $25USD at time of mainnet go live, then retraced significantly to start a new wave structure in December 18'. 9 months later, we have see a potential wave 1 (an ABC would not make much sense as the C would be quite negative), and so if we are off on Wave 3, with a correction to the tick of the .786, what can we expect. Well,...

Casey22

The reason Elliott Waves and other trading methodologies work is not because everyone follows them (I would suspect most traders don't actively perform 5 wave analysis and fib retracements all day long... unlike some of us here) but because trading psychology and patterns exist in nature and the way our human psychology works, they get applied to charts. Patterns...

Casey22

I usually do not publish on shorter time frames as the volatility is too hard for me to play with my professional finance job and personal life etc. That said, I am expecting a fight between $9700 to $10k. Clearly the bulls want to make this an inverse H&S, and the bears want to crush this zone to the downside. I am leaning bearish short term only because we hit...

Casey22

A short update. Seeing negative price action (as presented in previous posts) being the driver of the day still. This bounce from $9K to $11K (for about a minute) looked like a short squeeze off some key exponentials (not fib levels) which drove the market higher. That said, the zone between $7.3K at the low and $9K at the top is going to form our next...

Casey22 Updated 

Believe we are still in a down trend from $14.5k run up. This despite Tone Vays and entire crypto world determining we are long. The bounce we just had to $13k roughly hit the 786 fib level, and sell off occurred soon thereafter. I believe we are still on our way to $6-$8k and will consolidate and bounce from there. It may not be a very long consolidation...

Casey22

In trading, the boss is volatility. Plain and simple. Swing high, swing low, just keep swinging. If you compare Bitcoin (which most of my analysis as a trader covers) to BCH, with my definition in mind, who is the boss? Clearly BCH. Let me explain. If we compare the lows of the run to the completed run up (December 18' through July 19', roughly), which big cap...

Casey22

Bitcoin being a volatile asset, I have always found my best trading to be looking at the big picture and not sweating the small stuff. Try to identify the trend as quickly as possible, and trade accordingly. As a trader I will look at EMA's, Fib levels, chart patterns, and all the analysis here and on social media to try to add it all up and get my mind in the...