cryptoGats

cryptoGats

As you can see BTC has violated the downtrend channel and a golden cross is forming in the 4h (Four-hour timeframe) which will happen in the next few hours. I'm in an LTC trade counting on BTC hitting 15.5k and LTC going to $110.00 after that, resistance will hit for both and they may retrace up to 60% in the coming days.

cryptoGats

On the 3Day timeframe, BTC is at the beginning of a golden cross which is when the 50MA crosses above the 200MA (the 50 Moving Average, crosses above the 200MA). This happens in every timeframe but the bigger the timeframe the more indicative and important it becomes. A golden cross is a sign that price will go up and stay above the 50MA for a period of...

cryptoGats

Looking at the One Week timeframe, BTC is in a symmetrical triangle, it is moving to get to heavy resistance in the 13.5K area. Once it reaches resistance I will take my money out of crypto to see what happens next. It is very likely that it will retrace quite a bit in the following weeks. Even on the way down there will be lots of money-making opportunities. If...

cryptoGats

Let's look into what has happened. This analysis is based on the 1D timeframe, but we are looking at multiple timeframes in order to get an edge on what may happen later. On the 1D BTC is staying above the 50MA and it is set to close it's first candle above it in a few days. Now, on the 2H (2-hour timeframe) we had a golden cross, that's what has given BTC the...

cryptoGats

First the facts; On the 1D timeframe, Bitcoin has been stuck for days trying to get over the 50MA represented here in yellow. Today is the second day in a row that it has tried and failed. If by tomorrow 8 pm EST Bitcoin does not go over the 50MA decisively the odds of price dropping are very good. The overall long-term outlook to BTC is still positive. There is a...

cryptoGats

BTC has just a few hours to go over the 50MA on the daily timeframe. If this candle closes below the yellow line the probabilities of it going down are growing. Fact; it tried to go over the 50MA 2 times now and it wasn't able to. In a few hours, there will be a golden cross on the 2H (two-hour timeframe), if that does not give BTC a boost nothing will.

cryptoGats

On the 1D (one day) timeframe the battle between BTC and the 50MA (50 Moving Average) continues. The price action keeps running into the 50MA but can't quite close above it. This will be the second try in the last 48 hours. BTC is running out of time, the more times it hits the 50MA and it does not go over the more it turns into stiff resistance. So read between...

cryptoGats

I would not put a cent into crypto right now, looking at the 6-hour chart we have a death cross -- which is when the 50MA crosses below the 200MA. As you can see we are on a downtrend channel for now and BTC has hit the top of the middle channel. There are a few indicators telling me to either take my money out if I was in or to just stay put if I was out. The...

cryptoGats

In crypto, you have to find where the current battle is being fought and right now for bitcoin it is in the 1D (Daily timeframe) and the fight is against the 50MA (50 Moving average) here in yellow. Simply put if it goes above it decisively meaning one very large candle or closes above it at least 3 days in a row than we move up to the next battle (resistance...

cryptoGats

As you can see BTC has exited the triangle on the 2H timeframe this is a small sign of BTC going up but now we have to switch our attention to the 1 Day timeframe to see if BTC can go over the 50MA decisively. Staying above the 200MA on the 2-hour timeframe and going over the 50MA on the 1 day is confirmation for me to go in on ALTS. (Disregard the text on the chart.)

cryptoGats

As you can see BTC has hit resistance; one is the 200MA (Moving Average / the Blackline) and the other is the downward trend line (the thick green line). It has tried repeatedly to go over the 200MA which now is exactly touching the trendline creating heavy resistance. A good heavy push is needed otherwise BTC will start moving down soon. A violation of the...

cryptoGats

Technical analysis can be confusing but it's a simple matter of when to put your money in and when to take it out. When to put it in? when it finds support and it stays above it. When to take it out? When it hits resistance. The concept is simple, the problem is fear and greed. Jumping right into it, on the 1 Day timeframe BTC has found support on the 50-day...

cryptoGats

All of my buy orders are waiting at aroung 6k, but since yesterday I've seen BTC change direction, it has started a minor trend which now could become the birth of new Primary trend. All signs contradict each other and so it is best to keep you money safe in not jump in yet. We have no idea why Bitcoin jumped so high so quick but my guess would be severe...

cryptoGats

The bounce from this latest dip may be too small or what is called a bear trap. Simple indicators can tell you the health of the market right now volume is 14 Billion and it was just a few weeks ago 50 Billion, that means less and less money moving around crypto, more over it means smart money is staying out. Rule #1 Capital preservation, Rule #2 Don't lose money,...

cryptoGats

**For educational purposes only** If you are currently holding USDT or are in fiat (Regular Dollars) you can buy in at one of the buy zones I have high-lighted. You can set a buy order at 8000.00 or more aggressive at 7750.00. Once your buy order is filled, set a sell order at around 8150.00. If bitcoin continues to go down it will come back up and if it does not...

cryptoGats

**This is not trading advice for a live account, use it for paper trading.** BTC is stuck inside a downtrend channel. This is a very low risk situation where if you buy at the low part of my channel and sell near the top you should be able to pick up some money daily. Set your buy orders at 7800 or 7900 and once they are filled, set your sell orders at 8200 or...