Jumping off from this mornings chart we were sitting around $6450 and I was leaning bearish and looking for a break today or by tomorrow. I was personally staying all cash after exiting my most recent trade in the $6500's and waiting until we saw confirmation with further lower lows on 4 hour or for the bulls to start breaking the upper resistances in the...
It looks like today or by tomorrow we should see a break of the continued tightening range on BTC. After the lower low posted yesterday of $6324 we then received another lower high as expected at $6530. Things then did change slightly where the bulls were able to fight off another lower low and instead we have a double bottom at $6411 and $6413. Bulls are...
Jumping off charts from two days ago. We were looking to see how the bulls rebounded from the top at $6580 to the drop down to $6378. I stated if the bulls formed a lower high compared to $6580, I'd then be watching for a lower low compared to $6378. This is exactly what happened. Bulls tried to break $6580 and fell $15 short with a lower high being set at...
Jumping off yesterdays charts. BTC had double topped at $6530 but concern was it was getting a bit extended on 4 hour time frame so a break above the double top may struggle with any significant follow through. We were also approaching peak of potential bear flag I had laid out on daily chart. We saw another attempt by the bulls but lack of follow through last...
This is my first post to TradingView! Many may know me from a couple of the bigger Face Book groups where I was regularly posting but I have since transitioned over to TradingView to do my charting. I am continually learning technical analysis and it has helped improve my trading abilities greatly. Now onto the charts! Weekly - continues with lower highs...