PatekCharts1

PatekCharts1

IF Bitcoin can break above and flip $10,600 resistance as support a move up to $11,800 is likely to fill the CME futures gap.

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With everyone wanting the sideways range to break already as they are getting bored this could be a scenario which ends with an UTAD.

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After finding support off the mid point of the old channel low price has started to increase in price. Bulls can aggressively lift the offer to attempt a short squeeze if they can claim 9410. Bullish divergences may form if a drop to the lower .786 happens this week. 9500 to 9800 are possible targets.

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Bitcoin is struggling once more with the $10,500 resistance level. Another rejection from the high is in process. If price is unable to claim $10,500 resistance as support before losing the current consolidation range then a continuation of the high time frame downtrend is likely to continue as we have a possible Wyckoff distribution schematic underway....

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Look at the Bitcoin chart. What emotions do you feel? Sadness, fear, panic, happiness or opportunity? My view is between happiness and opportunity. Having been short on Bitcoin during the recent month I have manged to trade this downwards move successfully, but the question I want to answer is when can Bitcoin potentially bottom and head back upwards. We need to...

PatekCharts1

Look at the Bitcoin chart. What emotions do you feel? Sadness, fear, panic, happiness or opportunity? My view is between happiness and opportunity. Having been short on Bitcoin during the recent month I have manged to trade this downwards move successfully, but the question I want to answer is when can Bitcoin potentially bottom and head back upwards. We need to...

PatekCharts1

EUR/USD is sitting right on top of the golden pocket giving a low risk long opportunity. Volume has been on the decline during this C Wave, and we have some nice bullish divergences. The parallel channel resistance and then the 0.5 Fibonacci are still going to be tough levels to get through, but technically the signs are there for a reversal, thus I have been...

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Panic hits the market once again after a drop, but market structure remains intact. Going to keep this short and sweet for you all. While we hold macro higher lows, Fibonacci and trend line support the structure is intact. I am day trading this and will be scalp trading from any bear flags that break to the downside, but medium term while we hold key supports I...

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"Bulls make money, bears make money, pigs get slaughtered" Today I present a counter argument to all the bullish news and technical analysis that has been floating around the past week since Bitcoin's price rose over $1000 in a day. The greed is becoming strong again; the fear and greed index for Crypto currently sits at 65% to greed, and longs make up 60% of...

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I have been going through my alternate Elliott Wave counts for Bitcoin. I always keep an open mind as a trader and do not get sucked into one bias; so although I do not believe the bottom is in, it is important for me to have a count that says it is. I will cover my alternate Elliott Wave count with the bottom being registered already in another post, this one is...

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A very quick update for you on EOS, which has been trading perfectly for over a month now since it broke up from the ascending triangle on the 18th of February and hit its target to the dollar. Perfect Fibonacci relationships with the Elliott Wave count. All i would highlight is the wick of the 4th to potentially give a leading diagonal. Technically though this...

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Litecoin was the top requested coin for me to chart, so enjoy and thank you again for the support! LTC is finding resistance from a few different levels. the .786 Fibonaaci, pitchfork, channel and horizontal resistance. After being the strongest alt coin with its 150% rise and by its self starting a mini alt season in the space (Litecoin was lead bull), it is...

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Bitcoin continues to struggle with the $4000 resistance region, and the bear market continues. $4000 has been a strong region of resistance since November when the initial break of the descending triangle happened from $6000. The ABCDE triangle in Wave X broke down only to find support at $3500 where we saw a bounce to form the A wave of the ABCDE which topped...

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Are Bitcoin's bulls starting to get back up after being continuously knocked down throughout 2018, or just early risers? It is undeniable that some of the top market cap alts such as LTC and BNB have shown great signs of life after seeing over 200% gains in a few months. Bitcoin though is only up 20% so in comparison so is currently lagging behind. From my...

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The GBP/CHF pair is in an extremely tight range between the 0.618 resistance(through broken once) and the 0.5 Fibonacci level from my chart. This one was an easy short scalp from the golden pocket resistance with its bearish divergences, but now finds support at 1.31 where i closed my short and opened a long to trade this range. The old day trading resistance of...

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Today I present you with my alternative count today for Bitcoin. My main count includes BTC in an ABCDE triangle. Here I have Bitcoin in an ABC flat after forming an X wave (so we are in an extended correction). The flat is a 3-3-5 Wave pattern. The first two Waves are in, and we will now be coming down for the final 5 Wave structure. My personal invalidation...

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Bitcoin saw a bearish engulfing candle form on the daily, and a big rejection painted on the weekly candle yesterday when it got rejected at $4200 resistance. The FOMO in the market was real on the build up to last week with longs reaching 60% and the average investor very happy Bitcoin formed a higher high. This high lasted only a few hours before price was...

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Today I have taken time to zoom out and take a look at Bitcoin from a larger term scale. I go into this analysis with zero bias of how I expect Bitcoin to behave, and solely acknowledge truth from the chart. Firstly, Bitcoin is being held down by the trend line resistance resistance established on the 29th of November, and then confirmed from the touches on the...