Got a lot new followers the\ past month and lot of people thanking me for my calls! That's awesome and I would like to thank you for liking and following my trades. Before beginning my analysis, I would like to state that the following is my opinion, one that I will trade. This is a very high risk trade since BTC is in a "no-trade" area. However, I am deciding to...
First off. Don't take this an advice or as a "trade call". People keep asking me how my trades have been on point so far, and keep sending me private messages asking for help in their trades. Another question that I get asked the most is if BTC has bottomed in. Let's tackle that here. Has bitcoin bottomed in? Yes it has. This doesn't mean that the same bottom...
BTC is currently stuck in a falling but bullish wedge that will take the price to test long term falling trendline from 20k, at $5600. Thus completing the right shoulder of the big inverse H&S . This is a higher risk trade based on chart patterns and volume analysis. Exercise caution. Set tight stop losses.
The correction should take place now and BTC should test $3800. Bearish divergence on the 4h chart.
Hi Everyone, I usually post only TA on BTC/USD and as you can see in my profile I'm right most of the time, even with great accuracy. Please do make sure to check out my charts. I usually, never ever post TA on altcoins for one reason only: no matter the chart and indicators, they always follow BTC moves. If BTC dumps alts dump, if BTC moves up, the alts likely...
Hi Everyone, I usually post only TA on BTC/USD and as you can see in my profile I'm right most of the time, even with great accuracy. Please do make sure to check out my charts. I usually, never ever post TA on altcoins for one reason only: no matter the chart and indicators, they always follow BTC moves. If BTC dumps alts dump, if BTC moves up, the alts likely...
BTC is stuck in a falling wedge which can breakout to around $4400. It’s possible that BTC will first dump further to $3175 or bit more before the breakout.
As the chart shows, it's easy to identify the elliott waves on the weekly timeframe. Also shown is the possible upward correction (corrective wave C will probably face stiff resistance between $5200-$5600, clearing this area is key). I will keep this chart updated.
In my previous post I called short to test the 200-ma. I believe this 200-sma on the weekly chart (at $3165 today) to be the bottom. Imho sell pressure is slowing down but it's still heavy, and while it is totally possible for a flash crash and immediate recovery, I don't think it is very likely. A possible scenario for recovery is a rounding bottom that will...
In my initial post I correctly predicted short from $8400 all the way down to anywhere in $3000 (worst case scenario) - 5000 (best case scenario). You can find that post here: During the breakdown I underestimated the sell pressure and did not expect to reach $3600 without any real correction upwards. However, at the moment BTC is forming a rising wedge with...
As I said in my last posts, where I called short and a downward break of the descending triangle that was formed since december 2017 here: and here: The bottom could be located anywhere between $3000-$5000, with higher odds toward $5000 and very low odds around $3000. However, no one can possible know where the real bottom is. I have spent the better part...
BTC/USD will see another dump to the next support level. Bitcoin is in a clear descending triangle which is a trend continuation pattern and majority of the times breaks downward. There are several reasons why in my opinion bitcoin will break down: TA: RSI on the monthly and weekly has not bottomed out yet. In comparison, during the bear run of 2014-2016 bitcoin...
RSI on the weekly still has not bottomed out. The current state is not a bull run, I believe, bitcoin will reject the 200-day simple MA yet again and begin its descent to somewhere in the range $5000 (best case scenario) and $3000. Once it will touch the lower trendline it will rebound, due to oversold conditions on the weekly chart, finally being able to cross...