Tendorian

Tendorian Updated 

Price failed to rally above 10,000 and turned down, a big red bar announces that the bears have come out and the bulls are watching for now. Failing to rally above 10,000 is bearish for me and we are definitely going to under 5000. The drop will be relentless as it is the capitulation phase. Red bar after red bar on the daily chart will make any bulls give up...

Tendorian Updated 

Finally after waiting for what seems an eternity, I can safely say that the uptrend is over for now, we will have possibly a few days of downside action. Made a few losses trying to pick the top, but this should be a good one. Open Short 8850 SL 9000 TP I want really low like 8000 WIll move the SL as price drops

Tendorian Updated 

Up moves and down moves that makes no sense means we are in a range, better wait for either side to break before deciding the next move. This range can go for some time before breaking. But generally this kind of strong upmove and ranging pattern suggests the next move is down instead of up.

Tendorian Updated 

I do not think Bitcoin has bottomed but current prices say up so I shall trade in the up direction. There are a lot of resistances from 8500 to 9000 so prices may slow down there. This correction seems to be ending soon. Price 7980 SL 7700 Target 8500-9000

Tendorian Updated 

Cant fight the trend, now this is a confirmed upmove for me for now. May go up to 9k and above. Alot of people are assuming that we have bottomed, though I doubt that but I will not fight this uptrend for now. Earning from upmoves is always good. Open 8330 SL 8200 Target 9000 and above

Tendorian Updated 

What this move was getting rid of the weak shorts in the market. They were forced to liquidate their positions, especially on Bitmex where alot of people probably lost their accounts. But this upmove has probably ended and I am shorting this market. Now we can finally end this bear market. I am not asking anyone to short with me, that is up to you. Price 7700 SL...

Tendorian Updated 

What this upmove to 7000 tells me is that we will see another correction for the next few days. I am guessing the most possible formation is a running flat which goes well with the idea that we are in the final down move of this bear market. I will enter a small long position at the end of B to gain some profits and then enter a big short at the end of C. For now...

Tendorian Updated 

My intuition long trade was wrong, but surprisingly price managed to not hit my SL by 20 cents. And managed to turn a wrong trade into a profitable one, I must admit that was luck. But now everything is clear, I did expect this upmove and means that there will be a downmove to under 6200. This downmove should be fast and painful. Short Price 6830 SL 7100 Target...

Tendorian Updated 

I call this an intuition trade, after some thought I think we are at a bigger correction than I was expecting. Will post the chart below. Tight stop Price 6650 SL 6500 Target Above 7500

Tendorian Updated 

I take back my bear market is over analysis. Today's drop changes the my bias totally. 1. I was wary that 7500 was an important resistance that needs to be taken out. Price really got rejected that and that was a first sign that this market is not as bullish as I thought. 2. The big drop through 7200 made me bearish, even though I bought some at 7100, after...

Tendorian Updated 

Price 7100 SL 6900 Target - waiting for price to stabilise first.

Tendorian Updated 

Currently I am flat and waiting for a correction which might happen soon to go long again to target above 7500 up to 9000. Trades will be posted below.

Tendorian Updated 

Despite being bearish for the past week and targeting very low prices for some coins which made some people upset, but as a trader I don't marry my analysis and will dump it if things change. And I am now claiming that we have probably bottomed on the crypto bear market. There were a few happenings that made me come to this conclusion. Fundamentals 1. There was...

Tendorian Updated 

I stand by my yesterday's analysis that we have bottomed out on Bitcoin. But technically we are still bearish so I am keeping my stops tight. Trades will be posted below.

Tendorian Updated 

A lot of people holding longs just flatly gave up right at the bottom of yesterday's candle. The volume was also the highest since this whole downmove started. Could we be looking at the bottom then? That is a possibility i cannot rule out. But we do have many hurdles to watch out for. Resistances to break to make the bullish case are 1. 7500 2. The 1H EMA 200 ~...

Tendorian Updated 

Another short trade, even more aggressive risk reward ratio with tight stop. I believe the next fall will be the final crash. With that belief, it is worth taking a shot at this trade for a massive 28x return. Open price 7100 SL 7200 TP 4300 Will move stop loss as the trade develop. If price breaks above 7200, most likely we will get a bigger correction before...

Tendorian

1. The bottom is in when people start dumping their coins and leave the crypto space altogether. 2. Most people got into the crypto space when they saw the bubble and want a piece of it and also probably their first time investing in any market. 3. They have never experienced a bear market as they have no experience from other markets. 4. Once bitcoin price breaks...

Tendorian Updated 

1. I am not spreading FUD, I am just a technical analyst looking at the chart for potential turning points to make an investment for the long term. 2. Bitcoin is still in the bear market cycle, but we are nearing the end of this cycle. 3. However there is still the final down move to go before the bears go and hibernate. 4. Looking at the potential down move of...