andoverg

andoverg

Everyone talking double-bottom reversals, but price movement up lacks conviction. Look at previous reversals throughout the cycle structure. There are three major pushes down (three dips) before the up trends begin. this pattern is repeated over and over, even on the current dip and move up, but on a smaller time frame. Even on the daily, a three push pattern is...

andoverg Updated 

The bad news: Bear sighting!!! Looks like we are forming another hump top (?) and will be working on the back side over the labor day weekend +. This will break out of the bull trend lines and take us back bear for a little while. I don't have prices, but the general notion of where things are going is in the chart. The good news: This will be fairly short lived...

andoverg

If you looked at this chart without knowing what token it was, which way would your TA tell you it was going to break? Just a reminder that you need to check your emotions and biases at the door if you are going to trade this market.

andoverg Updated 

This is a continuation of a previous idea updated and with more accurate trendlines. Per my previous idea, I talked about how I think the first hump and the second hump in the current Bitcoin cycle are actually one large hump split by a price dip that overshot and then snapped back to structure in a deep V movement. If true, then we are looking at the third hump,...

andoverg Updated 

What if this V dip is not the completion of the first hump, but an anomaly with a swift price pullback to structure and what is called the second hump is actually the continuation and completion of only the first hump. That would put us at the top of the third hump about to plant the second spike in an attempt to breach the 200MA on the daily and 8500-8600 price...

andoverg Updated 

Everyone seems stumped as to why Bitcoin is staying up right now instead of dropping as most TA has been saying. I am not offering an idea as to why this is. But I do offer that the current price movements of Bitcoin during this potential reversal is very close to that of April 2018. I have above my chart the grey bars that was the movement of price in 2018 at...

andoverg Updated 

BTCUSD showing it's hand. Looking at the last two pumps to get us over the H&S, looks like there is one more in store for us. A quick drop to lower the RSI and it is off to 7700+ before a healthy retrace. Enjoy!

andoverg

Anyone want to take a gander why this is working?