Short term I am very bearish, bitcoin will be retracing back to $8,900 to $9,00 ranges before hopefully finding support. Bitcoin has been slowly been itching towards a bull market but has not been able to past 5 digits and stay there.
Long term I am very bullish IMO this may be one of bitcoin's last dip before entering the bull market so pay attention to how...
Never forget about your EMAs…
The 8,13, and 21 EMA are acting as resistance hovering over bitcoin’s price action. Now bitcoin is trying to hold support on the 55 EMA but IMO will not hold for much longer before falling back to the 200 EMA where I believe true support will be found.
This is a bull trap watch out
Hello everyone!
I am happy to say that the bull market is among us! Bitcoin smashed the heavy resistance at $7,800 and now the bulls are heading to blow out the resistance at 9k.
The best about part about a bull market is you just HODL! I've been holding longs since $7,400-$7,500 and I will hold these positions until 9k and then wait for a small pull back...
Hello everyone!
This will be a quick TA
Bitcoin has formed an apex and will break either to the upside or have a hard pull back and retest local support ranges($7,200).
I am not picking a bias until clear confirmation on a break out or break down I am not trading in these dangerous ranges!
Hello everyone!
Today I am happy to see that I am officially bullish!
The bears have been trying to bring bitcoin under 7k for the past week and hasn't even come close the bulls have came to the party with a lot of volume through this whole month.
8k will be here sooner than you think!
Hello everyone!
Bulls are not ready to break out yet IMO.
This is my short position I think it's a pretty good R:R
Lets see if bitcoin can break above the 200 EMA on the 12HR
Hey everyone!
Bullish Scenario: If the 12HR candle close above the 200 EMA then the floodgates will blow open! Bitcoin would retest $8,100 if not higher depending on the volume after closing but if it has a break out like it did at $7,200 I wouldn’t be surprised if we passed $8,100 and went to the resistance at $8,500.
Bearish Scenario: If bitcoin doesn’t close...
Hello everyone!
Great new! Bitcoin broke out of the descending triangle that it has been in this whole month. Long term I am bullish now(which is a shock)
This position that I am showing you guys here is just a short term short position I'm looking for a 4% drop to the downside before regaining support around $7,100-$7,200. My R:R is 1:5 so this is a great...
Hello everyone!
Today I will be doing a very detailed analysis so sit tight!
First of all, the battle between the bulls & the bears this month has been incredible to watch play out. This descending channel has been forming since April 6th with the first failed attempt to break the resistance level at $7,400 and bitcoin had a major dump of 13% brining bitcoin...
Hello!
I'm back with a quick technical analysis on ETH. The previous 3D candle was one of the most bearish candles that you can come across in this market it is a huge sign for a trend reversal. I believe short term ETH is very bearish along with bitcoin but I am looking for a long position around $150 if ETH can find support between .5 and .382 fib levels but if...
Hello everyone!
A double top pattern is forming on the 2D time frame & now we wait for a big dump to retest the local support range($5,800-$6,000). I am looking for a long opportunity between the .5 and .382 fibonacci retracement to see if bitcoin will hold support but if not it will not be looking good for bitcoin's future long term.
Hello everyone!
If you have been following my last few post you can tell that I am obviously bearish short term. The bulls could not break through the resistance levels at $7,300.
It was a failed 5th wave up! Look at the time bitcoin could not break these levels it dropped down to $6,600 and that is where bitcoin is heading now!
Stay Safe my fellow traders!
Hello everyone!
Quick update bitcoin is holding true to the downtrending channel that I have drawn out for you guys!
I am waiting to close my shorts at $6,600 if it doesn't hold support at those ranges I will be holding my short until bitcoin hits 6k.
P.S I am adding more to my position before the big dump!!!
Hello everyone!
It is clear the bulls are losing momentum!
The past 48 hours the bulls have tried to break this resistance at these ranges but has just failed. In my opinion bitcoin is about to fall back to $6,600 ranges around .786 fibonacci.
Hey Guys!
Another day another dollar in the market of cryptocurrency. Honestly I am more bearish natural because I like buying at a much lower price because there is much more to gain. But I have been very interested in bitcoin this whole month because the amount of volume that has been flowing through the market. Like I stated in my last post I am very bullish...
Hello Traders!
Today was a huge day for Bitcoin! For the past 6 months give or take bitcoin has been in a bearish channel but today was the day we finally broke through the resistance channel. IMO this has confirmed bullish momentum to the upside, on the daily timeframe you can see the golden crossover is about to happen(when the 200 EMA acts as support over the...
