TexasWestCapital

Good morning, traders. During yesterday's video I took a look at this pair in multiple different ways. I also mentioned that I wouldn't be surprised at all to see a short drop followed by continued appreciation. Well, we got the drop but so far price has not been able to follow through to the upside. That being said, this pair hit oversold on the H4 yesterday and...

Good morning, traders. Volume precedes price. The frustration among traders is reaching an almost frenzied level. Retail traders, especially in crypto, are not patient and this is why they tend to lose a lot of their capital. They tend to have strong opinions that are weekly held, rather than weakly held. What I mean is that they tend to fip-flop between bullish...

Good morning, traders. Since yesterday's shakeout, Bitcoin has continued to rise but has found resistance at the 50% retracement level around $3988. It appears that price is printing an ascending triangle as it consolidates toward that level which is also the H4 21 EMA. A close above that high should indicate a target of $4055, based on the height of the triangle....

Good morning, traders. Bitcoin continues to edge higher, but will it be enough to push it through the threshold of resistance? Price hit a high of $4055 this morning before retreating to $3919. The lack of strong follow through to the upside of $4100 and beyond, so far this year, has more and more traders thinking that price must go down rather than up. Could this...

Good morning, traders. Bitcoin's consolidation intensifies as price nears the symmetrical triangle's apex (descending red solid line and ascending black dashed line). Played out as a pennant, the target should be around $4280. That being said, as I always tell my students, whenever drawing a pennant make sure you also draw the flag because the latter occurs much...

Good morning, traders. Bitcoin has continued to consolidate as expected and, in doing so, has printed a pennant/symmetrical triangle. Based on the height of the flagpole, price should be targeting the $4250 level once price closes above the triangle's resistance. But traders should also be aware of the $4110 target based on the height of the triangle which puts it...

Weekly chart shows price nearing the apex of the ascending wedge with a target of $45. RSI is hitting resistance and MACD's histogram is possibly printing hidden bearish divergence. H4 chart shows RSI, and possibly MACD, printing bearish divergence. The nearby demand has already been tapped once making it much easier for the next drop into it to potentially fall...

Good morning, traders. Bitcoin surprised a lot of people with its moves over the weekend, but not you, right? You've been paying attention and not allowing emotion to get in the way. As I have been mentioning was likely, Bitcoin finally pushed through $3950 and found initial resistance at $4040. Remember, I warned you to remain mindful of that $4050 level. What...

Good morning, traders. As mentioned yesterday, price finally started moving upward overnight, but a small H4 gap at $3854.77 now remains. We have a recent clean break of the H4 RSI ascending triangle and have met resistance, once more, at the top of the local TR at around $3900. H1 RSI is just now hitting overbought, but I am still looking for an initial move up...

The D3 chart looks a lot more promising than the smaller TFs at this time. A pennant/symmetrical triangle is currently printing and a bullish break should have price targeting the $4150/60 level as well as place price just under the neckline of the possible purple IHS that some people are watching. RSI continues printing an ascending channel but traders should...

Good morning, traders. The consolidation for Bitcoin continues along an S/R line (H4 dotted red horizontal line) that's been prevalent since December. I have continued to readjust the H4 RSI descending channel to more correctly fit the price movement. At this point, we see RSI nearing a potential break of the channel's resistance as well as having just recently...

The D3 chart shows a possible IHS forming for those who subscribe to the idea of an IHS bullish continuation pattern. The shorter term target, as we can see, targets the neckline. A successful completion of the pattern suggests a target of the R3 pivot at least, based on the height of the IHS. The monthly chart shows that a possible symmetrical triangle is...

Good morning, traders. It looks like we had just a tad bit of a drop overnight which price has been rectifying this morning after having dipped below the H4 pivot. Price is now above the 21 EMA on that TF and RSI has continued to print a descending channel. H$ MACD is curled up and looking for a bullish cross. The small descending wedge that printed gives price a...

Good morning, traders. Bitcoin attempted to push above $3950 this weekend but could not make it happen. As I have been mentioning, there is strong resistance up toward $4000 and overcoming it won't be a walk in the park. Last night's downward move bounced off the daily 21 EMA, finding support on the HVN. An H1 gap was created around $3888 and RSI just bounced off...

Good morning, traders. Price continues to press upward in spite of the overhead supply. Because this is happening within sideways movement there isn't much to say today other than the weekend is upon us and we usually see a strong move during that time, so traders should be keeping that in mind regardless of the direction of their trade. The H1 chart shows an...

Just taking a wider TF look at the pair. We can see a much clearer picture of a the possible ascending triangle that is printing. Weekly supply zone in green denotes the resistance at the top of the triangle. The W1 chart suggests that a clean close above that resistance should have price targeting the orange zone just below the weekly HVN. The D3 chart shows that...

Good morning, traders. Not a lot has happened over the past couple of days. We appear to be watching price move sideways. However, if we take a closer look, we can see price making higher lows toward resistance at $3900. This is creating a possible ascending triangle which should have price targeting $3988-$4005 upon a successful breach and follow-through. I had...

Good morning, traders. I have been looking for something new to point out since yesterday but haven't really found much. Price has been consolidating at the upper end of the move up from yesterday. The dark black horizontal channel gives you the local TR. A close above the top of that TR should provide the target shown which is the EQ of the upper supply zone at...