TomProTrader

TomProTrader Updated 

Price may indeed be falling now, but at least in light of this we are no longer wondering what will happen and we can begin to make logical decisions. With price following my scenario 1 on my previous analysis, price failed to have any bullish momentum whatsoever after hitting the final primary horizontal support zone, and price broke below the horizontal support...

TomProTrader Updated 

Bitcoin had a hard fall yesterday, following a large selloff which shook the entire Cryptocurrency market as a whole, as Bitcoin's dominance is once again shown in it's full force! Yesterday alone Bitcoin went from a high of the day on day open at 6820 and had a low of 6260, effectively losing around 10% of it's entire value in a single day. The logical scenario...

TomProTrader Updated 

Cryptocurrency as a whole took a beating yesterday, with Bitcoin leading, the market went into a short free fall across almost the entire marketplace. If you take a quick look at my last analysis posted on Ethereum, you'll see the plan pretty much went perfectly up until yesterday, except from where price broke the support/resistance zone but instead of staying...

TomProTrader Updated 

New week - new perspective some say... It is good to update and refresh our thoughts on Bitcoin after a weekend, so that we can consolidate and confirm our analysis from the week before, to keep our eyes sharp, and make sure we fully understand what is going on in the Cryptocurrency markets in realtime. To best make an accurate an analysis, it's best to clear the...

TomProTrader Updated 

Sometimes when people are watching a trend for a long time, it is easy to get into a trend and become confused about where price is heading. I regularly get comments in my posts and private messages on TradingView which ask me if "x" level is the level to be buying or watching or selling, or whatever it is. This shows me that a lot of traders on TradingView are...

TomProTrader Updated 

Price traded right up at the side-wards resistance line beginning 4th July at 476 and price has been trading at the resistance ever since, until the last 4 hour candle. Price attempted to break the side-wards resistance line multiple times but failed to do so despite some promising candlestick reversal signals indicating that it may be possible to do so. Ethereum...

TomProTrader Updated 

After our recent successful trade in Bitcoin, we now need to reassess Bitcoins movements to best decide what to do next. If you remember from my last analysis, I expected a retest on support and a breakout move to the next structure resistance level. This trade went perfectly to plan and we was highly successful with this. Now that price is at the above horizontal...

TomProTrader Updated 

It isn't often that I do multiple simultaneous analysis on the same coin, but when I do, that's when you know something big is happening. Bitcoin looks great! Bitcoin is trading right at the side-wards support line, and does look quite bullish. Price did yesterday correct back to the horizontal support zone exactly as my previous analysis predicted (See related...

TomProTrader Updated 

Ethereum completed a nice up move as planned in my previous analysis up to 480 and has since had reversal candles implying we will have a correction at this level (See related ideas for previous analysis). There is 2 ways that price will now act: 1: Price will correct into a nearby localized horizontal support zone between 458 and 446 before bouncing to the...

TomProTrader Updated 

It has been a long weekend for me as I'm continuing to move house. Just whilst I have a moment I'd like to update everybody on what Bitcoin is doing and how to trade it professionally! Another follow up analysis of Bitcoin! Price has moved strongly to the upside since I predicted an up move at support at 5790, so the analysis is running perfectly. Price has now...

TomProTrader Updated 

Ethereum has perfectly followed my previous analysis, so well done to all who followed the analysis and profited from it! Price hit a horizontal support zone, and then bounced up to the side-wards resistance. (See related ideas for more details of this idea). The idea played out to the end, and now it is time to update this analysis so we can further track...

TomProTrader Updated 

Bitcoin has been trading down strongly after the flag pattern breakout confirmed on 22nd June, price is now in wave 3 of the flag pattern, and shall the measure move target be hit, then Bitcoin will continue to the downside to the support level which also coincides with the Fibonacci extension level at 5360. When price arrives at 5360 target, there is a...

TomProTrader Updated 

So it has been a while since I have written an Ethereum analysis. Ethereum is trading between a resistance zone between 474 and 463 and a support zone between 421 and 411. Price movement was looking quite strong since bouncing off the horizontal support and we could see an up move to the side-wards resistance. Price has been weak with the last 2 2 hourly candles,...

TomProTrader Updated 

So it's been a while since I have been excited about Bitcoins price action. We had a breakout on Monday which negated a bearish flag that was in play (See related ideas for more information on our previous analysis) and price still appears to be rallying! Price not surprisingly moved sideways after the big up move which was likely due to hesitation. Price is...

TomProTrader Updated 

Posting a quick daily analysis, as I am currently in the process of moving house so I have been very busy. Bitcoin is currently trading at a horizontal support zone between 6040 and 5930. Price could either bounce up from here to the highs, or break the horizontal support zone and break lower. Now, for this next part I recommend you read my previous Bitcoin...

TomProTrader Updated 

Bitcoin is moving down just as expected in my previous analysis (See related ideas for more information on this analysis). Price is moving perfectly in line with all of my previous Bitcoin analysis! Now we've perfectly gaged the down move, I have zoomed into the 1 hour chart to show the levels of where Bitcoin is trapped between, to give us a successful buy for...

TomProTrader

Ethereum showing continued weakness at the horizontal support zone, as it trades along the bottom of the zone between 503 and 460. Price at present shows a small green candle, showing bulls have at least acknowledged the support level, and it depends how the candle closes today as to determine whether the current horizontal support level will hold. Ethereum is...

TomProTrader

This is a follow up analysis of my previous Bitcoin analysis (See related ideas below for information regarding this). Price failed to stay above 6720 and closed below this level, therefore giving a bearish sentiment for the time being. Price is currently trading at a horizontal support level between 6430 and 5910, and looks weak. There is multiple bear...