Hello traders, I've closed my long position from low $38,000's and have opened a short and will add size if we pump to my previous target of $40,700. If not I'm ready for a dump. Happy we finally got the relief pump, was waiting a few days for it and when the pump came it happened fast. All momentum oscillators up to the daily are overbought, will wait for a...
Hi traders, An inside look on my previous technical analysis here. You can see with the grey circle price action is wanting to explode. A 4 hour close above the tiny downtrend that was holding us down this entire week will confirm my bias and my previous posts suggesting a short squeeze is coming. It's finally all coming together, patience pays off. Plan...
Good morning traders, It's a new day, time to get refocused. Target is $40,700 for the short squeeze. Momentum oscillators are finally pointing up signaling a possible short term bottom. Will be closing 100% of the long position at $40,700 if we get it, and will then proceed to enter a short position. Target is the grey rectangle box. Stay safe and thanks...
This market is so manipulated it's sad. First 10 green candles in a row now we keep dumping regardless of ltf being oversold for multiple days. I'm close to never trading crypto again, very close. This might be my last post.
Hello traders, Falling wedge's have a high probability of breaking to the upside, plus in confluence with that the momentum oscillator has been oversold for 30+ hours. It's only a matter of time before we explode to the upside and liquidate late shorts. If you fall for the psychological mind games sorry but I can't help you. Trade the TA not your emotions.
Hello traders, Possible rising wedge pattern, which would trigger a short squeeze liquidating late/panic shorters. Stay safe and have a good rest of your week and good start to the month of August. If we keep dumping I'll close my position and walk away from crypto, the manipulation is disgusting lately as 3/4 hour timeframe has been oversold for multiple...
Hello traders, I've been mentioning in my last few posts how the daily momentum oscillator has been overbought and going sideways in that region for 9+ days. Well, yesterday we confirmed a bearish engulfing candle on the daily timeframe and the uptrend from $29,700 has broken and for now $39,000 seems to have some buyers. Why? Most likely because after a big...
Hello traders, Just here with a quick update after we've seen price action develop further. Monthly open was bearish, daily rejected very close to the downtrend trend-line. I've been planning this trade for almost 2 weeks and have no intentions of closing. The uptrend from $29,700 has now been broken, so expect high volatility this week and avoid...
Hello traders, At $29,700 I mentioned a possible triple bottom, why? We only had 2 validation points on the downtrend from ATH's (which is a weak trend) but if we reject in the next 24 hours and get a 3rd it will strengthen the bearish trend with clear lower highs and eventually retest $30,000 leaving 90% of traders confused and lost. This will be my last...
Hello all, The last few days I've barely checked the chart, why? I figured we'd consolidate under $40,000 and slightly above or below. Going sideways messes with scalp traders and even swing traders because they get emotional and don't know which direction we're headed. 3 hour & 4 hour momentum oscillators are both oversold and have been for quite some time now,...
Hello traders, I've been getting a lot of hate comments under my posts lately, why? I don't know. I called the bottom at $29,700 (go look at recent tradingview posts, there was 2 of them) and have only lost one trade in a month. My hit rate is 90% for swings and it's very disrespectful people are commenting saying they hope i get liquidated, and terrible other...
Good morning traders & friends, I'm a momentum trader, and as a momentum trader it's important to buy low and sell high, why? Because you want to get into the winning trade before everyone else does, and when others get into the same trade and trade the trend eventually most traders are all on the same side which causes momentum to shift and those area's (low or...
January 8th resistance of $40,000+ is very strong and bulls need to flip this into support to have a valid case. Tether & binance being investigated, this is not going to end well mark my words. You bulltards are full of hopium, naybe it's because your bags are underwater from buying at $65,000 lol. $42,000 - $45,000 is strong resistance. I bet the same one's...
Get ready for a very volatile weekly open. NO THIS IS NOT FINANCIAL ADVICE, JUST MY OWN PERSONAL THOUGHTS. DO YOUR OWN RESEARCH.
Hello traders, The daily candle closes in 30 minutes and is just under resistance looking ready to explode. Weekly STOCH RSI starting tp point up. Honestly it's possible we get a $10,000 weekly candle to retest the downtrend from ATH's. From there we either get a 3rd validation point on the downtrend and reject starting the next major sell off or someone break...
Hello traders, The weekly candle has been very strong, if it closes this way which it might next week might get a massive pump to either get a 3rd validation touch on the downtrend which started April 14th, 2021 (ATH'S) 20 day moving average is around $45,000 as well. At $29,700 I posted the bottom may be in, and the weekly candle was strong, we need to close...
Hello traders, Thought I'd share this weekly bitcoin chart. No bias.
Hello traders, 4 hour stoch rsi has been overbought for 40 hours and a rising wedge has been formed which has an 88% chance of breaking to the downside. I'm officially done leverage trading, I'm switching it to 2x and never touching it ever again. "The definition of insanity is doing the same thing over and over expecting a different result" Time to get...