PHMoneymakers

PHMoneymakers

Good morning fam! Update: My view on #BTC remains the same. 1 hour time frame shows a hidden bullish divergence which could take #Bitcoin up to $45k then making a short-term higher high, but please be aware the trend will still remain down mid-term. For the bulls, #Bitcoin needs to print a higher high above $53k for the trend to be in your favor, for now,...

PHMoneymakers

I only managed to get 1 of my 3 orders triggered with the last drop. Now, this is what I see happening. BTC has two ways from here for a bounce trade. The white path on the chart shows a chance of consolidating in the bounce region before seeing $45k - $46k. The green path on the chart takes BTC from the low made to $45k - $46k regions. This is where I plan to...

PHMoneymakers

Hi guys! I have been pretty bearish for the past few months and this is why... Bitcoin is hanging on the last major support above the 200MA on the daily time frame, but just barely. There is also a rising wedge that could be in play. Invalidation of this view will be above the trendline resistance market on the chart. Pitstops are bounce areas for short-term...

PHMoneymakers

This was my view and yet I stand by it. Bitcoin isn't done yet. Green box for a nice short-term trade.

PHMoneymakers

Here's my short-term view. Anything below $49k will favor another drop towards $42k regions or lower. A 12 hour candle is what we need to see above $49k for any upside towards $52k+ to be seen. $42k regions is where I see a potential trade to take.

PHMoneymakers

Sorry for lack of updates, Covid is no joke! Coming back looking at the charts, I don't see anything worth changing my opinion on the $25k $20k targets I've been waiting for. Unless Bitcoin breaks above $42k then sadly I remain bearish and will be adding my long term buys on the green box located on the chart. Lower lows with lower highs isn't a good sigh and...

PHMoneymakers

Here is the price I'm buying heavily and holding for the next bull market!

PHMoneymakers

As a trader, it's wise to know that you won't ever catch the bottom buy or the top sell, but it's always good to start adding hold positions at prices you're happy to hold on to. I've had these buy zones marked a few days ago which also shows support levels on short-term and mid-term. I will be starting to add position 30% - 40% - 30% as shown on the chart, if...

PHMoneymakers

Seeing the previous resistance is still acting as resistance. I don't see anything then what's on the charts for now until a higher high and trend reversal as per chart is taken out.

PHMoneymakers

While BTC was trading at $36k levels, I posted an updated view saying we need to be cautious as the wedge trend line that once held support broke down and Bitcoin did retest the once support which held massive resistance at the $36k levels. The drop we had was anticipated and my followers were ready with fiat. This is the point where Bitcoin should bounce, but in...

PHMoneymakers

BTC has tested the wedge line that once was support and failed more than 5 times to go above (as per chart) If BTC can not reclaim $39.5k soon, I feel that another sell off will be the path. I won't be trading BTC until a higher high above $39.5k is seen or a drop to $29k or lower depending where BTC finds support. Be cautious!

PHMoneymakers

Seeing the Bitcoin has made higher lows, I am feeling more bullish now. As long as Bitcoin can hold the lows around $34'1k then skies are clear.

PHMoneymakers

If you have followed my previous Bitcoin chart, then it played out well. A possible retest of $38'200 - $38'500 is fine as long as we hold $36'000 we should be seeing resistance broken just above $40k and upwards continuation towards $41k - $42k. If you want detailed step by step views, then follow me on Twitter. Find my handle name on my profile. Thank you!

PHMoneymakers

My eyes on $37.7k - $36.7k. Just letting you all know the price range to keep an eye on for possible entries. Still got no orders as I want to see the test first. Low probability, but $35k regions aren't out of the cards, that is why I need to see how it's going to react first! We have broken the short-term trend line so it's important that we see the $39'400...

PHMoneymakers

After region the resistance trend line I had, Bitcoin got rejected. The possibilities of seeing Bitcoin drop back down to $37k - $36k regions is highly possible and if we do, we could see a nice reaction at those regions. Of course I won't just jump straight back into trades without confirming the support can hold. If you aren't following me on Twitter yet, feel...

PHMoneymakers

Looking at Bitcoin and the resistance ahead, I personally feel that Bitcoin is going to range between $30k - $42K and this is actually a good thing for those like myself stuck in positions. This is the moment to make the best out of the worst drop Bitcoin has ever had in history! I've already lowered my average entries on all the Altcoins I hold. Two more nice...

PHMoneymakers

Many have asked me what if's bear market, well this is my view if we on a bearish market now. Again, we have not confirmed bear market until $28k is broken and then $41k retested and fails.

PHMoneymakers

After Bitcoin"s drop, LTC felt the drop even worse, but being that I see BTC hit the lows, we should see LTC heading up, and price regions are located on the chart. Stay calm and don't let FUD make you sell at loss!