Going to open a short position around this 4170 area at the next 4hr red candle for several reasons :
- We are around a 0.786 Fib Retracement from the previous 4.4k top and 3.1 bottom which is a key level for reversal.
- We are making a nasty bearish divergence on RSI, MACD and Stoch, they have proven their worth during this bear market.
I wanted to make a quick overview on the market that I believe is approaching a turning point.
We are close to September 2017 Daily support which is sitting at 3222. I would closely watch this zone for a possible reversal.
Market is deeply oversold on all timeframes and is in full capitulation mode. Fear is an essential part of this dump and TA becomes...
Hello everybody. Let me keep it simple, fast, concise and tell you why the next 3 days are going to be crucial for BTC's medium term future :
We have been making a strong bounce from BTC's lifeline support just under 6000. Since then, we have had a pretty decent reversal until now. Alts have been raving !
Although, we've been capped at around 7130 so far,...
Hello ! Second TV Idea in the pipe, my first one did react pretty good so I thought I would do some more.
I think the chart speaks for itself. I'm making these conclusions based on my own swing trading system that I will not fully disclose here. It works with a 86.2% success rate since October 2017. The fractal could indicate that further bearish momentum is in...
Huge bearish divergence forming on 4Hr.
BTC Overbought on daily for the first time since December.
BTC Dominance at all time high since 8 months.
Alts bleeding hard, everybody selling to put money in BTC, making BTC break important key levels, to make people think bull run has started.
No retracement since the completion of inverse H&S.