About meI have been trading for 12 years and now trade cryptocurrency full time. I am the host of the #1 crypto podcast the "Trader Cobb Crypto Show" and run an education company to teach my trading strategies. Visit www.tradercobb.com to find out more
With many in the top-10 divergent on the 4 hour time frame my focus is on ETHUSD. The candle still needs to close before we can go through the check list however I wanted to alert the community that this is something I am stalking for a short. Keep in mind daily time frame is over extended from the averages so manage your risk accordingly.
There are 3 types of trends, up-trend, down-trend and n-trend. Currently bitcoin is in no-trend as it has a higher high and lower low. It is for this reason that I am more focused on shorting the other markets in the top-10 that have great down trends.
As much as I would really love a great trade on bitcoin now it's not where the trading activity has been for me and my clients of late. In this video I take you through a few charts I am stalking and have been trading the last few days.
Now that we have broken the little range and not pulled back we have not got a great deal in the way resistance wise until around $9,700. Yes there are some round numbers ahead but I don't see these levels as hugely significant. I am hunting long trades.
Bitcoin remains in it's $300 range on the mid time frames. I am patiently waiting to see if we break down to offer an entry on the higher time frames over the coming days or we push up and may provide some shorter time frame opportunities. I also throw in at the end a chart I am stalking closely for a breakout.
I have been waiting a very long time for this clear higher low and strong trend reversal. Now I have it I can say with conviction that I am a bitcoin bull. I know exactly what I am looking for to be bullish and to see a strong trend reversal, I now have that and explain it in this video.
In this video I take you through what has been happening to the top-10 paired with BTC. It is very clear that when BTC falls the ALT market gets even more beaten. Consider this when you work out what you're trading for!
The text alert I put out yesterday delivered a cradle trade. For those of you that know what this is you may have made your own decision to trade this. I wanted to follow up with how I am managing this position.
As it stands we are holding above 6500. We are still in a daily and weekly down trend and this move looks to be pulling back into the cradle as it has done many times before. Markets are feeling out where to from here. I am staying focused on my strategies and waiting for the best trends to emerge. Buying came in hard and fast over 2 x 15 minute candles. What we...