We look at the WEEKLY BTC chart and how price is consolidating into a tight price action that must break in the next 14 days.
We have two choices here.
BTC gains steam from the current small chart bullish reversal trend and smashes 10k within the next 2-3 weeks.
BTC double tops or makes a lower high than 10k and sells off very very strongly. (The...
After 2 weeks of bearish sentiment sending us down from 10k level, BTC has found lots of eager buyers at the 8000 level.
We have worked our way up to the mid 8's and have currently broken the 4 hour H+S pattern to start a small breakout.
The signal to enter was the 15 min Double bottom at 8180 (38.2 retrace from 7921 to 8400 level)
I personally think that...
Practicing Capital Preservation today.
That means = I'm on the sidelines, letting traders figure out direction of price before showing me the bull signal I need to see before hitting the green buttons again.
THIS IS AN AREA WE'VE TALKED ABOUT IN THE LAST 3 WEEKS AS BEING A FANTASTIC LONGER-TERM TURN-AROUND LEVEL FOR BITCOIN.
We have been talking about the...
Today's open hinted that price action might not be the strong signal to follow...
We examine the psych of why today's open still shows a clear bear signal even though we technically broke into a "reversal of trend" from bearish to bullish on the larger time frames.
I also talk about my strategy on roleplaying scenarios BEFORE they happen so that most of my...
We explore why the BTC $8620 level looks like the most conservative longer-term entry on possible.
We also look at why this might be the start of a Bull Run that might smash the 10k barrier and send us into the 2018 Summer of Crypto.
All bullish moves start with a Longer-time-frame Higher Low...8223 looks like it was casted as the perfect 50% Fib retracement of...
I love when this happens! It's a time to grow, self-reflect and verify if I still got the brass to stay in my longer term positions.
Of course I would have preferred to post a video about the collapse of Dow today under the 23,300 handle!
But as a trader, it's all just a number on the screen and the ability to adjust and react is what keeps us alive to trade...
BTC has been a fiesty little sucker.
1st: Stopped out on the 8500 entry.
2nd: Missed entry at 8223 by $13.
What to do if you still aren't in the move + lessons on why "being perfect" isnt the best mindset when looking at charts.
A little BTC recap and trading nuggets sprinkled throughout...
We talked about this on last weeks video where the fibonacci level of 8500-8600 was a major BUY entry for those of you looking at longer time frames.
RSI = OVERSOLD on 1HR + 4HR
MACD = LOW and waiting to cross up
This is a fantastic entry with 7 to 1 Risk/Reward and tons of confirmation.
Even if this trade fails...we covered portfolio risk management on the...
LTC and The Majors took a dive overnight...no big deal.
If you are a hungry trader looking to learn...
My Portfolio Risk Management is explained with visuals on why it's OK to be right only 30% of the time.
Sorry, I didnt have time to cover BTC entry at 8500 properly...will probably make another video this afternoon after researching the drop from 9100 to...
Motha BTC still looking 1hr+4hr+Daily Bullish. The charts are showing a bit of a fight around the 9200-9400 level as bulls seem to be holding ground and prepping the coins for a soon to happen breakout.
We examine the finer details of why we are still locked and loaded for bullish swing trades on all 3 Majors.
Getting back to my cold brew Starbucks...
Sideways action and some mental "decoupling" from the bullish sentiment of the last 9 years.
A little explanation on the state of the DOW and how we still are bearish...even though patience will be needed for the final break of 23,300
We waited until BTC showed it's hand...we broke 9200 definitively and we are on our way to checking off big milestones on the way to a BULLISH MARKET.
We're not there yet but for the full story in less than 10 min, this video might make life easier for you :)
DOW JONES might be done handing us fantastic entries -- after confirming bearish CHANGE IN TREND. The triangle/wedge is coming to an end and price has to decide one or or another...
I see a bloodbath happening in the next day or so...Price has shown a tendency to be heavy in the last 2 weeks and this 23,300-24,500 rally is just a sell-off waiting to happen.
Wanted to get into the DOW shorting party?
didnt have a ticket to the Red Candle Rager?
Your ticket would have been valid yesterday afternoon and/or this morning. (When the green candles were everywhere and giving us a better entry into shorting)
The Red Candle Rager party started again in the last hour and we have been showered with red candles (think...
What we have been hunting for the last 3 years is finally here...A confirmation of the DOW collapse!
Congrats if you were diligent in your studies and placed your shorts on the market!!
We just broke the 23,350 handle and are now going to see a SELL-OFF like we havent seen since 2008.
I just ordered some amazon prime popcorn and champagne...its gonna be a fun...