Yesterday I had been stopped out of the remainder of my position for BTC and ETH and was very happy with the trade for some nice profits. I was then watching hourly chart to change its trend and establish a higher low and then higher high. BTC was able to do so with the low of the dump yesterday at $7972, a bounce to $8375, higher low at $8110, a lower high at...
Wow, pretty volatile day today. Yesterdays chart I posted about looking for daily to bull flag and give a leg up to $9k either yesterday or today. Well we got that early today and bulls pushed price up to $9090 relatively quickly followed by a quick rejection and a crash back down to under $8k! As of this we are floating around $8,300. Personally I did get stopped...
Bulls continue to remain in control and have seen some solid dip buying. I personally exited a small portion of my BTC and ETH positions 2 days ago just to lock in profits and have more flexibility with my stops. Ideal scenario here in my opinion is for the daily to be a bull flag here with continuation today or tomorrow towards $9k. Resistance from initial move...
And heres what we have been watching and waiting for! When these patterns tighten and people start piling in and then anyone just watching the order book as we approached back towards $8175 to get an insane bull volume and popped extremely fast to $8700's. I do expect some profit taking from many who trade these patterns here so may see some quick swings but...
We continue to watch the daily equilibrium as well as our 12 EMA for support. Last chart I had scaled into BTC and ETH as they had dropped down to find their higher low compared to $6600 on the daily and used the EMA as guidance on where to place my buys. Bulls established the higher low at $7467 and it appears bulls are setting their next lower high at $8175. So...
Hello eveyone! I've been out of town for about a week and got back a few days ago. Finally getting around to posting for charts and will update on my personal positions. BTC has been bouncing around slowly recently and daily chart has taken shape for a nice equilibrium. We had the high of the move at $8388 and low of the pull back at $6600. Bounced for a lower...
Hope everyone is doing well. What a couple weeks or so its been in crypto. I am heading out of town and will be gone about a week so won't be posting until I return. So thought now may be a good time to offer up my old weekly chart. I believe the last time I posted this we were searching for a higher low compared to $3338 to then try and shift momentum and get...
Wow. I was anticipating heavy resistance in the $6000-6850 range for a while and bulls saw it for a day and then just didn't care. Quite an impressive move just barely missing $7000 last night. I wasn't going to update anything as I am about to be traveling but this has been such an impressive few days by the bulls here. Shorts have come down considerably as well...
Well here we go. About 2 weeks ago I outlined my resistance zone for BTC chart being up at this $6000-6850 zone. We have finally reached it and let the games begin. Shorts continue to climb up slowly. BTC climbing up. Something will have to give in my opinion. I anticipate a lengthy battle in this range personally but thus far the bulls are proving to be serious....
Yesterdays chart we were watching to see if BTC was going to consolidate or if it was just a daily bull flag. Consolidation I questioned because the 4 hour chart was still holding its lows in tact making me hesitant to believe the daily chart would begin consolidation over it just being a bull flag to continuation. We got confirmation last night on the bull flag...
Quick update on a few things I'm watching last few days for BTC. 4 Hour - after we hit our recent high for this year, we are now seeing a couple of lower highs. Generally I view this as potential consolidation beginning for the daily chart but thus far bulls aren't sinking to lower lows on 4 hour. So I'm fairly neutral here and just patient. Daily - looks as well...
Two charts ago we were anticipating an eventually break above $5665 for BTC and had been watching the 12 EMA support. Then came the negative tether news which sent BTC down, losing the 12 EMA support but managed to hold the higher lows in tact on daily chart by $18. Those have continued to hold and last chart we were watching to see if hourly and 4 hour charts...
Chart a few days ago really unchanged other than one exception. I was watching for daily chart to hold key support being down at $4945 and yesterday we saw a significant dump bringing price down to $4963. Anyone with SL's just under prior support are still safely within their position. Anyone looking to bottom fish had orders placed just above support and should...
Last chart we were sitting down around $5200's and ideally looking for BTC to hold that support area between $4900-5200. Bulls continue to show up and were able to get another push higher. I am changing to daily time frame now as BTC is really starting to look good again. Only near resistance I had left on my last daily chart posting was up at $5665 (a previous...
Been about 10 days since last chart post where I had exited fully back to cash after eventually getting stopped out of the remainder of my LTC position in the mid 80's. Since then I continue to remain all cash as there just has not been much low risk setups I've been interested in. BTC continues to remain under its high but has been strong overall in not sinking...
Last chart from 2 days ago I posted the expectation of consolidation being likely. I had scaled out of 50% of my position and was waiting to scale out more if we saw another leg up. BTC gave that small leg up and everything else followed. I was in LTC which did not reach higher highs but gave enough of a push to exit a bit more. I was then stopped out of my...
Very strong move by the bulls the last few days. BTC has been riding nicely in the 4 hour chart with overall a steady climb up. This is allowing for multiple support levels and few resistance levels. Key levels I am watching are $5353 (top of this move) and $5315 (lower high formed yesterday on 4 hour chart) for resistance. Supports are plenty. Bulls would love to...
I posted a few days ago and had personally taken my LTC position in the upper $50's. Regarding BTC I was watching the next resistance at $4189 as well as a couple more above that. We smashed through everything obviously so anyone with a stop buy set at $4189 or even the $4200's is very happy with their return. I was actually out of town and on vacation when this...