HecknDoggo

HecknDoggo

I'm planning on opening long positions around the 200 MA on the 3 day chart - possibly in the range of 7,500-8,000.

HecknDoggo

Textbook Head and Shoulders pattern, BTC attempting to break out of right shoulder...has been in a rising wedge with very weak volume thus far. I think a bloody pullback is still very likely.

HecknDoggo Updated 

BTC is meeting strong resistance at the 200 SMA on the hourly chart. This rally appears to be a bull trap unless it can break that resistance with decent volume. If not, looks like the 50 and 200 SMA on the 4H chart are about to do a bearish crossover. I still think the bear can take over here...

HecknDoggo

BTC appears to be trading within the 50/200 SMA on the 4 hr chart, with the 200 SMA acting as support and the 50 SMA acting as major overhead resistance. BTC may retest this resistance (around 8,190) soon. If it fails to convincingly break out, there could be another large drop.

HecknDoggo Updated 

If history rhymes or repeats, this is a potential correction scenario based on parabolic bull runs occurring in mid 2015. This is, of course, if we truly are in a bull market. If we are actually just completing a bear market rally, we could re-visit the $3000s again. I'm currently in cash, waiting for a good time to accumulate, potentially around the $5k mark, if...

HecknDoggo

Sometimes it's good to zoom out for perspective, given all the craziness in the market and media. We've had a wild ride on top of cheap money since the global collapse in 2008. That ride was beginning to stall until Trump's election and the exuberance (rational or irrational) that followed based on pro-big business policy expectations. This all came to a...

HecknDoggo

Potential elliot wave setup signalling a market top is in? I think there is potential to see one more run up to 9,000 but demand around $9,000 seems to fizzle out given that market sentiment appears to be deeming $10k as the top of this rally.

HecknDoggo

This is my optimistic scenario for BTCUSD based on patterns from previous years. Let's see how this plays out...

HecknDoggo Updated 

BTCSUSD is moving within this wedge with a major resistance around $8200. If it continues moving within this wedge, there could be a potential breakout around May 28th/29th. I believe it will most likely break to the downside since BTCUSD is due for a decent correction before continuing its longer term bull run from here. I agree that crypto-winter is over with...

HecknDoggo

Dear traders and investors, I was just reflecting a bit on this long term log chart for BTC; I often see this chart being passed around here and it has even made its way on to mainstream financial news outlets. Most people in the world of finance realize the power of ideas and expectations, especially potentially profitable ones. My question to this community is...

HecknDoggo

The setup is looking increasingly like a Head and Shoulders pattern. MACD on the hourly chart has turned upwards but I wouldn't get too excited just yet...

HecknDoggo Updated 

If BTC breaks out of this wedge, could potentially see 8500 - downside risk is there as well. Happy trading