Here is a look at the daily for BTC. This parabolic candle pattern has me stumped. Dont get me wrong, I love seeing the price rise like this. But I can not for the life of me understand it from a TA perspective. That may just be because I am inexperienced. Either way I enjoy seeing the price rise. I wrote an article this a.m. medium.com Check it out if you like....
We have officially entered the cloud on the weekly BTC charts. But there is still a lot to love about this chart. We are currently over the 50 MA for the first time in 48 weeks. Thats almost a year. Anyways the recent pump threw us into the cloud a bit earlier than expected. More thoughts on the chart! Have a great day everyone!
A look at the daily. I keep expecting a hard retrace but its not happening. Im not disappointed. I would be scared to short the market at this point in time. But WTFDIK
Just taking a look at some of my buys in the past and looking at the ROI this morning. Enjoy this price action everyone!
I zoomed out a bit on this chart. Looking at EMA's this time (50, 200) Which just had a "golden cross" I took out the cloud to make the chart a bit more clear. My thoughts are on the chart as well :)
We are approaching the cloud. Its the moment of truth for BTC. Can the bullish price movement continue once inside the cloud? Pay attention!
Well BTC is still rising. Im baffled! Keeping an eye on things. Keep your stop losses tight! Happy Friday :)
My thoughts are on the chart as usual :) I am thinking ETH is going to stay between these trend lines for the time being. This isnt financial advice. I just want to see if I am getting any better at reading these charts :) Happy Friday everyone!
Here are my thoughts on ADA. It dumped as fast as it pumped recently. I made a killing off the last pump so I am awaiting the next reentry point. ADA has made me a lot of $$$ over the time I have messed with alts. Lets see if the luck can continue! While you are here I would like to share my first published article with you. Im excited about it if you cant tell :)...
Just taking a look at XRP. I have a small bag I picked up around 3 weeks ago and it still has not performed as I had hoped it would. But thats okay. I am patient. I do think we are approaching a point where we break up or down. With the amount of times we have tested this support I am thinking it will break up. Time will tell. Side note: I wrote an article about...
So Binance was hacked yesterday! One would expect the price of BTC to be adversely effected, but here we are at 5,800 (approx) and climbing! What does this tell you? Even hacks like this cant stop BTC! Im impressed with the recent USDT fud and now Binance hack BTC has shown surprising resilience! That is something we should all be excited about. BTC FTW. Side...
The price is above the 50 MA on the weekly and thats a bullish indicator. But dont remortgage your home to invest. That cloud is gigantic! Keep those SL tight folks.
Here is a look at the BTC daily chart. My thoughts are expressed on the chart. BTC is defying even bulls expectations of a pull back. But how long can it keep this up?
Here is a look at the daily. Keep an eye on the charts ladies and gents. We may be in store for a bumpy ride. Im not really bearish. I am in the middle at this point. Keep those stop losses tight folks! Just fyi: I got my very first article published yesterday! The title is "What is Bitcoin" and its directed towards those that are new to the game and want to learn...
Look at the wicks I pointed to. A drop always followed. Just keep an eye on it. It looks like a shooting star but we have around 11 more hours before we can say for sure. Plus we will need to see a confirmation candle to ensure a turnaround. Whatever you do keep your stop losses tight. this could get bumpy
Im on the fence yall. We have had a great run and I think we could be due for a retrace. One piece of good news for you longs is the H&S has been invalidated. Before we bust out the champagne we should note that 6k is strong resistance. I think it will take a minimum of 3 tests before we do finally break that resistance. Even if we do break it soon look at the...
Looks like the H&S pattern I was watching may just get invalidated today. Keeping an eye on the bears. They can still turn things around if the bulls arent ready. 6k is the real test. If we tap 6k I think we fail to break and fall to lower 4k range