(IMO) Thought's?
Good LATE morning everyone. I've been around all day long following price action to see if my trading plan would follow through (it was successful - congrats to those who secured some nice profits) & decided to throw this one last chart up considering we had the weekly close just under 5 hours ago. I wanted to wait for the last 4 hour candle to breathe after the...
I've been waiting a few days for the prior resistance level 11900 zone to be broken so we can enter a new range of price action. I'm short term bullish, looking for 12500 this week IMO. Are you bullish or bearish?
First weekly close above 11.5k in years. (yes that's bullish) I'll post another update in 4 hours.
Phase 1 shows an uptrend, followed by a lower high, then had a retest of lower support, followed by a higher low, then we broke above prior resistance, followed by the same move. I'm looking for this same move again in phase 2 in the pennant. ^ Remember, it's Sunday so paying attention to this week's (CME) is important. Weekly close in just under 8 hours....
IMO. I'll post another update to this chart in an hour. (considering it's a 15 minute chart - an hour would be 4 different candles) Good luck.
Good afternoon. New 4HR candle just started formation & painting how todays daily close's direction. "Buy fear sell greed" Good luck. Update at 4pm (EST) Remember to stick to your trading plan and DON'T let the volatility of the market play with your emotions and convince to you change that plan. Reacting logically and with a clear mind is always the best...
IMO. I'll provide an update at daily close and then 12pm (EST) time. What do we do when we break a 2 year historical resistance zone? *WE BUY THE DIPS* Comment what your bias is on BTC. && HIT THAT LIKE BUTTON. 👍 👍 👍 👍 👍 👍
The uptrend (bullish) is my bias short term over the downtrend for obvious reasons: #1: It's wicked above resistance twice already and no major dump has occurred. #2: There's more wicks to downside showing me more buys then sells. #3: We did break a historical resistance so I'm not looking to short atm. (IMO) Good luck.
IMO (see you guys at 12.1k or 11.5k) Best of luck.
IMO - I'll provide an update in a few hours. Good luck.
This is not financial advise, these charts are strictly my perspective and visuals towards the market at the given time of me making them. IMO - Are you bullish or bearish as we lean towards the weekly close in in a few days. Good luck.
2020's top is not in IMO. See you guys at 12k when we break the prior resistance that caused this mini downtrend we can visualize here. ALSO NOTE: We see 3 validation points on the higher lows trend line connecting the lower highs on the bullish pennant. THUS BEING SAID: I believe we'll see continuation to the upside, and that it's possible we've seen a...
Here's today's technical analysis I've created & put together for you guys. To get things started please consider this question: If GOLD can get to ATH during a pandemic in 2020 why can't BTC reach at least 75% of it's ATH? I'll let that one sit with you & let your brain wonder. Here you can see I've zoomed ALL THE WAY out, why? A: Simply because when you zoom...
I'll post updates 1-4 hour with an update on how the trade is going and reacting. Remember to stick to your trading plan, you're only goal as a non experienced trader should be to outperform the market. Trade smart, and good luck. Hit that like button. 👍👍👍👍
Trading is all about patterns and psychology & constantly striving to find an edge over the market that will put you in a position to outperform the market. In this TA you can clearly see the pennant that broke out to the upside. (3 touches connecting the higher lows, and the 3rd touch connecting lower highs was invalidated) causing a bullish breakout. I think...