CryptoTraderMark10

CryptoTraderMark10

Emphasis on POTENTIAL. It's not confirmed yet and if we go on take out the previous low at 9128 it will be negated. But it's certainly a bullish consideration right now that could send us at least back up to the top of this range we've been in since Jan. 28.

03:00

CryptoTraderMark10

Quick update on the BTC USD market and my current positions. Cheers

CryptoTraderMark10

Not confirmed yet. Just a possibility. If it plays out, the target would be down at around 8900 (purple line). Breaking back above 9500 would negate it.

05:20

CryptoTraderMark10

Watch the video to find out....

CryptoTraderMark10

Bears and anyone looking to "short the top" would do well to watch the monthly close tomorrow. If we close anywhere around here, we'll be closing above the red 10 simple and also above that key line in the RSI that has delineated bull vs. bear trends. It would be an extremely bullish close. Also - if the the total market cap closes anywhere above 240 billion...

CryptoTraderMark10

As I said in my video (see below), if we can close this weekly candle above the very strong resistance area we are currently trying to break through, it will very likely kick off the next bull run, as it will also coincide with the monthly closing above the 10 simple and the monthly RSI closing above the key resistance line that has marked bear vs. bull cycles...

08:12

CryptoTraderMark10

Hey there. Trying my hand at a video :) There's a lot going on. Please have a look and excuse my shoddy video work, haha.

CryptoTraderMark10

Remember: whatever is the most mundane, least complicated, and LEAST SEXY way to look at something is usually the correct way to be seeing it. I really don't understand why people drive themselves crazy and REK themselves through over-analysis. We're just in another bull flag. If we get a higher-time-frame candle (like, 12-hr or higher) close under 9200, then...

CryptoTraderMark10

Anyone seeing this area as some kind of top or considering shorting this area, PLEASE consider that. When not even very low time frame moving averages are getting touched or broken in consolidation periods, it's a sign of strength and BTC being in a very strong uptrend.

CryptoTraderMark10

If you missed the bus on this one and didn't get in WHEN I TOLD YOU TO, pretty clearly, on Saturday (see post referenced below), then you are going to have to wait for price to pull back to the 21 weekly EMA, which I suspect will happen some time in mid to late March and at around 10.3k. You can see that the previous bull trend pulled back and found support on...

CryptoTraderMark10

Or at least - that's what it looks like. Now would not be a bad time at all to buy some alt coins on low to no leverage, even if you can only afford a few Cardanos :)

CryptoTraderMark10

Here's the extended Elliot Wave trajectory with fib extensions so you can see that the pull-back targets aren't arbitrary and do line up pretty well with what would be expected points of major resistance.

CryptoTraderMark10 Updated 

Here's how I am seeing the current Elliot Wave trend. Of course, if what happened between mid-November and mid-January was not a bottom but a bear market breather/relief rally, then this will be totally wrong and we will continue down from here with 8800 as the new ceiling/resistance area and 7700 as the next bounce area. However - if it WAS a bottom - then...

CryptoTraderMark10

No way would I have the audacity to call the next "alt season", but this Bitcoin Dominance chart, assuming this week closes somewhere around here, is starting to make the alts look very interesting to me for the first time in a long time. Next week could be, well... interesting... for the alt coins. Let's leave it at that.

CryptoTraderMark10

People seem to be getting extremely bearish right now but all we've done is come back down to test the support of our channel after breaking out of it in what is an extremely typical and predictable Bitcoin behavior. The support does need to prove it can hold, though. We could get a few wicks back into the channel for whale buying liquidity but as long as we...

CryptoTraderMark10

Let's step back, clear our heads, and just take a look at what the 6hr chart is telling us right now: 1. Per the volume profile, this consolidation period started a week ago -- after our break up from lower 8ks to upper 8ks. 2. We're at the same price we were at the beginning of the consolidation period. 3. In the same time, the stochastic RSI has dropped...

CryptoTraderMark10

By this time tomorrow BTC will very likely have started on its next leg, since, as you can see on the 4hr chart, the current sideways price action runs into that upward sloping trend line by tomorrow afternoon at the latest. You can also see that the 4hr RSI has formed a symmetrical triangle and we're coming to the end of it. The statistical likelihood is...

CryptoTraderMark10

Not surprisingly - at all - BTC got rejected by the daily 200 SMA on its first attempt to break it. It was never going to break the daily 200 SMA on first attempt after a massive rally. On the positive side, though, for the bulls, BTC has now found support on top of the daily ichi cloud, and if it can consolidate here for a few days between the ichi cloud and...