TheBitcoinChartGuy

TheBitcoinChartGuy

Bill Williams’ Alligator says clear no trade zone. This market is not for those who are faint of heart. It is for the heartless...the bots. Hope you have some cash reserves to buy more lower if the alligator starts eating longs. PS this indicator is fairly accurate on LT periods.

TheBitcoinChartGuy

The Golden Cross is a useless indicator that uses extremely long SIMPLE MAs, conveying absolutely no info about the current market. It’s sole purpose is to increase hype & get inexperienced retail buyers to FOMO buy in anticipation of the cross. Meanwhile, smart money takes profits & reups on the ensuing dump. My chart only uses EMAs. I couldn't care less about...

TheBitcoinChartGuy

COINBASE:BTCUSD www.tradingview.com About a week ago I posted an idea suggesting that a break of the parabolic channel would lead to a short-term correction, possibly to $8,500-$8,600—the 38.2% Fib Retracement level (see URL above and linked idea below). I stated that I expected a Weekly Higher Low to form somewhere between $8,600-$9,000, and that was where I...

TheBitcoinChartGuy Updated 

The Daily linear regression shows we have some room to hit $10,320 to $10,480 in the next day or two. This is supported with the current Average True Range of $325 per day and about $500 on the 2D chart. RSI and CCI on daily also give BTC a little more room for another push before we hit highly overbought conditions. This would be a good spot to take some profits...

TheBitcoinChartGuy

Monthly linear regression from the day BTC began trading on Coinbase (not much difference on Bitstamp, which began trading in 2011). The chart shows we have clearly broken past the mean and are continuing the longer term bull run which started in at the beginning of 2019. It also shows that we have PLENTY of room to go up from here with just 90 days before...

TheBitcoinChartGuy Updated 

Yesterday I posted about the 12H rising wedge suggesting one last long entry below $10K if price broke down below the pattern. Last night it appeared that was going to happen, however, bulls quickly bought the dip and it didn’t stay down for long. With the entire crypto market very bullish right now with BTC halving coming up, I am throwing TA out the window and...

TheBitcoinChartGuy Updated 

Potential COINBASE:BTCUSD entry point on 12H and Daily timeframes. I don't take short positions. Instead I average down. I do, however, consider short sellers' entry and exit targets when setting my buys. We currently have a 12H rising wedge forming. The red line at the top is an estimate of where the wedge may breakdown, and thus, where bears would likely enter...