My2Sats

My2Sats

Well that happened quickly. Posted yesterday I was still watching the support zone of 7400-7750. We had tested the top range 3 times already and saw decent bounces. I was also watching a head and shoulders taking shape. This morning we saw that pattern confirm and send price down quickly. $7400 being the bottom of my ideal range for bulls to hold and thus far they...

My2Sats

Well its been over 2 weeks since last post and price remains essentially the same now as it was then. Bulls did see one pop up and I have a fairly rough head and shoulders I'm keeping an eye on. But main thing is I need to see if bulls hold this support zone I've had outlined for weeks now at 7400-7750 and if bulls can get above the bottom end of our original...

My2Sats

Long time fellows. Not a ton has changed tho. So here goes... We had the initial breakdown from our pattern (purple triangle). I've had my ideal support range for weeks now down at $7400-7750 and we now have 3 touches into the top of that range where buyers have stepping in and started to accumulate. These have also all given 8-10% bounces off each accumulation....

My2Sats

I've been saying for weeks now that our strongest support in my opinion was $7400-7750 area. In the past few days we have now bounced off the top of this range twice. $7715 was the low 3-4 days ago and then $7701 this morning. This remains upper end of the zone of support I have been watching and would really like bulls to hold this zone. Thus far some trade-able...

My2Sats

Quick update for what I am personally watching. I've said for months now that in my opinion our strongest support has been down at $7400-7750 area and we have yet to re-test this area. We certainly don't have to re-test it but would be a strong support area in my opinion. With that said, yesterday we broke my pattern bearish at about $9450 and fell to $8160 (about...

My2Sats

Same pattern we have had on the charts for weeks now. Bulls finally lost the battle and bears took price down much lower. Those using the triangle were using stops anywhere from $9400-9500 area and as of this posting, we are down under $8700 a couple hours later. RSI on 4 hour and daily is oversold so lets see if bulls try and offer a solid bounce opportunity....

My2Sats

Well for about a week now we continue bouncing around within a very tight range. Purple solid lines continue to show larger picture of pattern I was watching. Last chart we were clinging to $10k support and I was looking for entries under $9900. We dipped just under $9900 and since then have bounced around $10,000-10.4k or so. Nothing much exciting lately. Traders...

My2Sats

Sorry for lack of updates lately. But here goes. Last chart I had personally taken 50% of my profits from this most recent trade entry around $9700 and then ended up getting stopped out in the $10,400's and again around $10,250 a couple days ago. From there I have just been patiently waiting. The trade was a fairly profitable one and now waiting for another...

My2Sats

Well so far this has turned into what was initially going to be a quick and small profitable trade to now being quite the run by the bulls. I remain in 50% of my position from last chart update which is now up over 10% on that. Purple lines added here outline a possible setup where BTC price is bouncing between but for now I am happily just riding the higher lows....

My2Sats

Decent bull break off yesterdays chart. We were eyeing $9700 as our next trade entry in order to see if daily would then test 12 and 26 EMAs. We got the break above $9700 yesterday and bulls really haven't looked back much since then even tho its still not a huge move % wise. I personally had my stop buys set just under $9700 and another just over $9700. I have...

My2Sats

Is $9700 the resistance to beat and finally get a bull pop? It sure seems to be and that is pretty much what I am watching for a potential entry back in for a trade. The caution I have with this is our daily chart. We have still not tested our 12 EMA again which is now under $10k. This could be an easy setup where bulls rush in on a bull break above $9700 only to...

My2Sats

Well the bears took BTC down and took price down fairly quickly. This morning I had outlined the box I was watching and wanted to see a break out above those $10,200's up towards $10,500 or a break down would occur if bears dropped us below $10k. Overall a very tight range and bulls looked like they were interested as they began poking above our 4 hour 12 and 26...

My2Sats

Yesterdays chart I discussed the lack of trade setups and general choppiness in the market which had me sitting cash and patiently waiting. I was also watching our EMA resistance on 4 hour and Daily chart. And we continue to battle these EMAs as resistance. 4 Hour chart has really slowed down within a tight range for about 32 hours and counting now. I have...

My2Sats

Been away from here for about a week. Last chart we had watched BTC lose it uptrend with the loss of our higher lows which led to me personally getting stopped out and locking up profits from last trade in the mid 10.5's. We were sitting at about this same level back on last chart posting on 8/21 and I was patiently waiting for another leg down to begin scaling...

My2Sats

We saw a near perfect example of traders rushing to the exits on a loss of our higher lows. Following the same stair stepping up with new higher lows each day BTC was forming. We did have a bit of a sideways action and some may have decided $10,630 was a higher low and lost yesterday with a break down to $10,555. I personally did not have $10,630 as the higher...

My2Sats

Welcome back for the next leg up bulls. We got what we were patiently waiting for last chart. We have been following our 4 hour chart for the higher lows and were patiently waiting to get the next leg up which would allow for some profit taking and then a risk free trade based on stop losses of higher lows. We have now accomplished this and can rest pretty easy...

My2Sats

Love when charts go the way you anticipate or at least mostly. Last chart I mentioned I had scaled into about 80% of my position on the drop down and re-entered final 20% just over 10k on the first bounce up. Ideally I was seeking a lower high to set in around 10,500-10,900 as that would be a solid bounce and give plenty of breathing room for the bulls to then...

My2Sats

Sorry, meant to get a post yesterday but didn't get around to it. Last couple of charts we've been bearish simply due to equilibrium having the initial bear break and then last chart discussing BTC desperately trying to defend 11k. Eventually that was lost and in some pretty dramatic fashion, BTC started tumbling. Personally I had said I would be looking to scale...