ScootTrader

ScootTrader

Disclaimer: This post is for private competition purposes only, and in no way is to be used as financial or trade advice. I have chosen the Liquid index on the logarithmic scale as the basis for this analysis. Since the last high, BTC has respected the downward trendline near perfectly (green), and I'm assuming it will continue to do so until the halving. The...

ScootTrader

Hey a quick update, hope you guys caught the spike too. I've sold my position currently as i have a few indicators showing a drawback is due, my target is 7.2k-7.5k before another climb. Not trade advice blah blah xx

ScootTrader

Hey there fellow traders, here's my simplified view of BTC's upcoming movements. As you can see, BTC has broken the 274 day TEMA on the 4hr and formed a bull-flag above the line. There's also quite an obvious bullish divergence shown in the RSI leading me to believe BTC is about to make a move upward. As far as the long term goes, I don't know but for the...

ScootTrader

Hey hey and welcome, i won't bore you with an intro or some obscenely direct statement based on a trendline... but here's where i stand on BTC. For starters I'm bullish. BTC rebounded off of the inner bearish channel and was slingshoted through the 274 TEMA. It has since gathered support on both the 18 & 122 EMA's - which is currently corresponding with the...

ScootTrader

Hey guys, it would seem the general consensus among the majority right now is that we're heading into a new low, or at least a retest of the 6k area - I'm not so sure. I've been mostly bearish since i began posting but that was before... before i saw BTC break the bear channel and HOLD. This will mark the first real retest of that once VERY staunch resistance as...

ScootTrader

Hey everyone, I've been quiet of late, and will continue to be however I feel like sharing today so why not? Oh and please ignore my charts business I couldn't be bothered tidying it up for this only to have to re-do it all, you understand I'm sure. Firstly... Anyone else catch that ~10% ride in the last 24hrs? Me too, I liked that a lot. ANYWAY let's jump...

ScootTrader

Hey, just an updated charting and analysis of LTCUSDT. My last chart was rushed and very incomplete, my apologies this one is far more accurate. We are still approaching the point of decision right now. Currently testing the $208-209 resistance. If it breaks that we should see another push to the top of the wedge. If it fails it will likely break down onto...

ScootTrader

Hey guys, welcome to the show. I've been quiet lately whilst BTC has been doing something i wasn't fully prepared for so I've been distracted however today i wanted to put the spotlight on it's lightweight little friend, LITECOIN. Now we see here it's sitting on some decent support, and wedging in a beautifully bullish manner. The RSI is low and also sitting on...

ScootTrader

Hello all again and welcome to the show! It's been an interesting week, I've made a few short term calls, played out terribly i admit, however one thing has remained on point so far... the longer BTC movement. I've been fortunate enough to call it accurately thus far (check out how it plays against my old posts, scary...) but it doesn't mean I'm going to get it...

ScootTrader

We have a small, yet completed inverse H+S followed by a somewhat bullish flag. Keep your eye on it here as it doesn't have much in the way of volume so it can easily fall through. If you were to decide to trade this, it would be wise to set a tight stop loss. *This is a high risk trade* -May the trend be with you-

ScootTrader

Hey, hit the bottom of the channel and is now climbing back, if it follows the same trend as before, should be looking at a sell point of around 10600, just a quick on for ya's. Sorry I'm being so brief, I'm a busy man -trade safe-

ScootTrader

Hello all and welcome once more. While BTC is doing it's thing I want to take some time out to draw your attention to something that you may or may not be aware of... RSI (Relative Strength Index). Now I'm sure most of you know how it works and what it means so i won't waste your precious time giving a run down on that. But did you know the RSI also respects...

ScootTrader

Hello all and welcome to my little corner of the internet. It isn't big, nor is it fancy, but what about the chart art! Now I've warned of a correction for some time (quite a bearish outlook if you were to look back at my other publications... and give em a like) but it seems as though things are playing out as i stated. I hope that any who viewed my charts saw...

ScootTrader

The battle that wages on every market, in every trade... Probability versus Possibility. Now I've seen SO MANY predictions and forecasts lately telling of breakouts, moons and lambos - It's disgusting. Why? Because while ANYTHING can happen (possibility), one must consider the chances of these events occurring (probability) . Now i don't mean to insult your...

ScootTrader

Back toward the resistance we go! This should be fun, just make sure to constantly update your stop losses so you don't get caught out. Now I've already posted a vibrantly worded analysis... kind of? Anyway, here's the deal; Bitcoin is like an explorer pushing through scrub, and now they're getting close to some thick 'n' thorny jungle. The question is, did they...

ScootTrader

Earlier today i posted about taking a little dip, and while there was a slight correction it's left us in an ambiguous position - "where next?". We have three options as always; up, down or sideways. This updated chart has a rough directional prediction for the ups and downs (do NOT set buys/sells based on these, react accordingly). Watch closely here as we're...

ScootTrader

BTC is looking due for a healthy little dip, and quite soon! We're at a point approaching some hefty resistance, outside of our comfy uptrend channel and in the forbidden outlands of the downchannel. Bitcoin had been beaten silly every time it's attempted this escape since the dip in December, so don't be suprised if the next few days yield a similar result. ...

ScootTrader

Lots of news about the bullish indicators, lots of hype regarding a trend change... But isn't it a little premature? We aren't in the clear yet, and there's a good chance we can see it close around 7k (potentially lower if the support falls out) within the next four days. Nothing is guaranteed in this market at the moment, but it's important to not get ahead of...