Bitcoin support/resistance levels and how to trade around them going into the upcoming FOMC meeting. Question about a stock or alt? Just ask in the chat..
The next Bitcoin resistance level is 28K and price is almost there. Can it continue like this? There are some very important factors to consider before you get lured by all the "guru" gimmicks out there. In this article I will explore what scenarios can stimulate this further and what can stop it. First and foremost, if you haven't gotten into this long from...
Bitcoin price action analysis, key levels , potential scenarios for the coming week. Question about a stock or alt? Ask in the chat.
After probing the 19K area low, Bitcoin appears to be "bullish" again. That is if you tend to "react" to price information. The 20K break is significant on the broader time horizon AND further confirms the idea that Bitcoin is in the midst of a Wave 2 correction. Two things I will point out in this article: how to evaluate Wave 2 AND how to maintain an EFFECTIVE...
Bitcoin price action analysis, key levels, potential scenarios for the week. Question about a stock or alt? Just ask in the chat.
Bitcoin higher low that was trying to develop a week ago was compromised and has instead established a minor lower high. This puts price into a conflicted situation: if the current 22K low is compromised, a push to 20K is within reason. IF 22K manages to hold, and produce a complex reversal pattern it would imply the short term bullish trend is still intact. As a...
Bitcoin price action analysis, key levels, potential scenarios for the week and how to manage stop loss orders when in a short position. Question about a stock or market? Ask in the chat.
Bitcoin swing trade long signal in play from the 23,250 level. If bullish momentum follows through, a higher high can follow with a test of the 26 to 28K AREA over the coming week. This move has prompted me to call for a risk adjustment on the short trade that I shared privately from the 24,150 level. At this point, that trade is now RISK FREE if you adjust the...
Bitcoin weekly forecast, support/resistance and price action analysis. Question about a stock or market? Just ask in the chat.
Bitcoin resistance is asserting itself around the 25K level as ANTICIPATED. IF the current candle produces a bearish pin around the 25K location, and compromises the pin bar low (24,200 AREA), this will confirm a sell signal for an aggressive swing trade short. Is it wise to short a generally strong market? Here are some points to consider. 1. The recent move...
Bitcoin price action analysis, support/resistance and potential scenarios for the coming week. Question about a stock or alt? Just ask in the chat.
The sell setup that I pointed out a week ago has followed through (are you still waiting for 50K?). At this time, a swing trade buy signal is in play from the 21,850 level. This is the upper boundary of my anticipated support area for potential swing trade setups. Is this worth taking? 1. While I am all for long ideas, I am suspect of this single candle reversal...
Bitcoin price action analysis , support/resistance levels and potential scenarios for the coming week. Question about a stock or alt coin? Just ask in the chat.
Are you still waiting for 50K? While this kind of forecast is completely unrealistic and out of range, it is ESPECIALLY so in light of the new SELL SIGNAL that has appeared off of the 24K resistance following Friday's NFP outcome. As I wrote in my previous analysis, when 5 waves can be clearly counted, the move has likely run out of steam. While this is still a...
Bitcoin support/resistance and potential scenarios for the coming week. Question about a stock or alt? Just ask in the chat.
After some brief consolidation, a new buy signal has appeared off of the 23K level, but what is NOT obvious to the herd is the low probability. From the SWING TRADE perspective, this would NOT be a buy signal to capitalize on. There are two factors that emphasize this: level and wave count. 1. Level refers to support/resistance. At this time, Bitcoin is above the...
Bitcoin adjusted support/resistance levels , price action analysis and potential setups to watch for this week. Question about a stock or alt? Just ask in the chat.
Bitcoin clears two relevant resistance levels within a week's time. Noteworthy for sure, but no reason to get overly excited. Whenever moves like this occur, those who look to prey on the ignorant start proliferating fairy tales. Stop following frauds who hide behind fake names to avoid accountability. My goal here is to shed some light on reality so that you may...