TexasWestCapital

Good morning, traders. I hope you were able to join the live stream yesterday morning as we discussed exactly what happened, calmly and unemotionally (okay, so I may have laughed a bit) -- how it was playing out as I suggested it would months ago if we saw a terminal shakeout and what to expect next. So far, things continue to play out as expected. The next few ...

Good morning, traders. Binance completed the update to its platform overnight and Bitcoin price continues to feel pressure. With CBOE expiry later today, traders must remain vigilant if they are interested in trading this area as we could likely see price pop up at/near that time. However, we may see more movement down toward $6100 first. Notably, 1D OBV has ...

Good morning, traders. Bitcoin has found itself having trouble moving up. Watching the order books, price action, and volume it appears that price is being contained. With CBOE Bitcoin futures expiring tomorrow, it wouldn't surprise me if we saw a sudden move up within the next 24 hours. But we don't trade on guesses or opinion, only on the chart. So, for now, I ...

Good morning, traders. Over the weekend Bitcoin dropped a bit more to a low of $6269.46 but held the general low from Friday which means it remained above the swing low of October 31st. The bounce off that drop targeted the 4H pivot, retreated to the equilibrium of the large trading range we've been in since the beginning of September, and is targeting the 4H ...

Good morning, traders. It looks like Bitcoin may be completing the recent corrective move now as it finds support around the bottom of the blue TR/4H pivot/equilibrium of the black TR as I mentioned the past few days during our morning live stream that I was watching for it to do. This is also the 61.8% retracement of that move up from 10/31. These two movements ...

Good morning, traders. Overnight, we saw Bitcoin fall through the bottom of the impromptu descending channel that I had drawn early in the day, but price found support at the bottom of the ascending channel that it has been in since 10/31. This same point is the horizontal support based off the previous 15 minute TR from 11/4-11/6. I have redrawn the descending ...

Good morning, traders. Bitcoin has continued to move as suggested it would. As expected, yesterday's move up reached the top of the ascending channel I discussed during the morning's live stream. Overnight, the 15 minute RSI has had a good reset and MACD has just crossed bullishly. Price appears to be printing a flag, and a breach of that flag in the near term ...

Good morning, traders. It looks like we've got things fixed on my end so I should be back without interruption now. Since the last time I posted, price has continued to move as I outlined that it was likely to do, having reached the top of the blue TR and then retraced a bit within it to print an LPS. Price topped out at $6475 which was just above the flag target ...

Good morning, traders. Price moved up as expected since yesterday's update and live stream, and found initial resistance at my dashed black line just above the double bottom target. This is also the 1D pivot. In terms of the local TR from yesterday, the move up was the SOS and it pulled price into the 4H blue TR. After consolidation, we should expect to see ...

Good morning, traders. The Internet is, once again, anything but stable this morning so there won't be a live stream but I will record a video and upload it as soon as the connection is stable enough to do so. Tech comes tomorrow so by Monday we should be good to go. During yesterday morning's live stream, we witnessed price doing what I suggested it would. The ...

Good morning, traders. My Internet appears to be stable this morning so far (still waiting on the tech) so I will be attempting to live stream at 10 a.m. CST per my usual schedule. Price has continued to tighten the range it has been trading in for the past two days creating a symmetrical triangle. As these patterns have no bias, traders should be ready for a move ...

Good morning, traders. I am still dealing with technical issues with our Internet service provider this morning and will most likely not be able to stream until the tech gets here later this week. I will attempt to record and upload daily videos if possible until it is fixed. After yesterday's move, price has continued doing what it has done best for the past few ...

Good morning, traders. Just a heads up, I am dealing with technical issues this morning with our Internet service provider and may not be able to stream today at 10 a.m. CST as I usually do. I will post an update in Discord and Telegram, as well as on our other social media pages, if I am able to live stream at some point today. It's Monday and we have finally ...

Good morning, traders. Bitcoin saw another spike overnight, this time to $6450. The volume continues to increase on these spikes which tells me price is near an expansion in one direction or the other, and price continues to consolidate. This has created what Wyckoff termed a hinge (the focal point of converging support and supply lines). Usually, when this occurs ...

Good morning, traders. Over the last two days we have seen Bitcoin move from the bottom of the local 4H TR to the top and right back down again. The three drops to the bottom of that TR since 10/18 have created higher lows and we continue to see large lower wicks suggesting a lot of buying/demand going on in that $6350 area. The descending dashed red line ...

Good morning, traders. Bitcoin broke out of the descending broadening wedge as expected and reached the pattern target. While this did take price above the descending dashed red resistance line, it wasn't able to hold and price has since bounced off the 15 minute R1 pivot while finding resistance at that dashed line once more. OBV on that short TF has moved up ...

Good morning, traders. Overnight we saw Bitcoin return to fill the gap as mentioned it would do yesterday. But, in doing so, price has moved below the black ascending channel that was in the process of printing so I have removed it. More 15 minute gaps were created on the move down so we can expect price to fill them as well now. We also saw a large spike in ...

Good morning, traders. The weekend continued much the same for Bitcoin as it has for the past week now - horizontal range trading between $6350 and $6500. However, many traders, while staring at their 30 minute charts, may have missed the fact that Bitcoin has now spent the past three days above the July triangle. Volatility remains low, as does volume, which ...