cryptotraderog

cryptotraderog Updated 

Hi guys, this is OG back with another Bitcoin update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Market Recap: Bitcoin went on a massive rally this weekend. Not only did we break out of the W bottom neckline at 36.2K, where I called for a long in...

cryptotraderog Updated 

Hi guys, this is OG from CrytopKnights back with another Bitcoin update. If you find value in my work, please do like, share, and comment. And also feel free to share your own technical analysis in the comments below. Market Recap: On May19th Bitcoin fell to a low of 30K and has been forming a symmetrical triangle. On June 8th, price broke down from the...

cryptotraderog

Hi guys, this is OG back with another update. Bitcoin has once again broken down from the symmetrical triangle, and on pretty strong volume as well. The hourly close below the support trendline of the symmetrical triangle would have been a good place for a scalp short, but I was away from the screen so missed the entry. After the first breakdown from the triangle,...

cryptotraderog Updated 

Im taking a long on BNBBTC due to a breakout of trendline resistance and a bullish divergence on the RSI. Stop loss at swing low and targeting 1:1 RRR as 1st target. As always, I’m not a financial advisor, do your own research, and stay safe!

cryptotraderog Updated 

Hi guys, this is OG back with another daily technical analysis on Bitcoin. If you enjoy these posts, please like and follow, and feel free to ask questions and share your ideas in the comments below. Today we are zooming in to the 15Min chart as I see a potential long trade setup. After the most recent rally, Bitcoin is having a small correction and have come...

cryptotraderog

In yesterday's post, I mentioned that Bitcoin broke out of the inverse head and shoulders pattern after we got a bullish RSI divergence and that it was a good place for a long with a price target of 36.5K. That price target has been met, with price rallying as high as 37.5K. Price is now back within the symmetrical triangle and above the 200MAs. This is one of...

cryptotraderog Updated 

Bitcoin is starting to put in some bullish structure after the breakdown from the symmetrical triangle. Bitcoin put in a bullish divergence where as prices were heading down, the RSI was moving up, suggesting at least a pause in the downwards momentum and a potential rally in the short term. Following this bullish divergence , Bitcoin is now forming a...

cryptotraderog Updated 

Bitcoin has been stuck in a symmetrical triangle after the initial head and shoulder breakdown from the ATH of 64K. While we might have preferred for Bitcoin to break to the upside, we noted that the false breakout to the upside that we did have substantially increased the likelihood of a break to the downside, which is what has occurred. Price broke out of the...

cryptotraderog

BNBUSDT is testing the neckline of the inverse head and shoulders pattern at $355-360. Bitcoin has already broken out of the inverse head and shoulders , so lets see if BinanceCoin can follow. A break above $360 with good volume could be a good place for a long. That said, right now there is the 200MAs serving as resistance, so price needs to break through that;...

cryptotraderog

DOTUSDT is testing the neckline of the inverse head and shoulders pattern at $22. Bitcoin has already broken out of the inverse head and shoulders , so lets see if Polkadot can follow. A break above $22 with good volume could be a good place for a long. That said, right now there is the 200MAs serving as resistance, so price needs to break through that; failure to...

cryptotraderog

UNIUSDT is testing the neckline of the inverse head and shoulders pattern at $24. Bitcoin has already broken out of the inverse head and shoulders , so lets see if Uniswap can follow. A break above $24 with good volume could be a good place for a long. That said, right now there is the 200MAs serving as resistance, so price needs to break through that; failure to...

cryptotraderog

Ethereum is testing the neckline of the inverse head and shoulders pattern at 2540-2550. Bitcoin has already broken out of the inverse head and shoulders, so lets see if ETH can follow. A break above 2540-2550 with good volume could be a good place for a long. As always, I’m not a financial advisor, do your own research, and stay safe!

cryptotraderog

ETHBTC has continued to rally after it broke out of the golden pocket resistance of 0.072-0.073. Not only did price break above this zone, it came back to retest it as resistance, and then double confirmed the breakout by closing above the high of the initial breakout at 0.075. Moreover, this also means that price broke above the neckline of the W bottom pattern...

cryptotraderog

While Bitcoin is still stuck in the symmetrical triangle on the higher timeframes, it just broke out of a W-bottom pattern on the 1H timeframe. The neckline of the pattern was around 36.5K and price broke above it with strong volume. Adding confirmation to this pattern is the fact that this pattern formed on the symmetrical triangle lower trendline, which is where...

cryptotraderog Updated 

Bitcoin (BTCUSDT) Bitcoin had some minor patterns the past few days, including a W-bottom and an ascending channel. But now that price is getting close to the apex of the symmetrical triangle on the higher timeframe, it is now the main focus. Two days ago price actually broke out to the upside, but then broke back down within the triangle, which is usually a...

cryptotraderog

As mentioned in the previous post, there are three patterns playing out right now in Bitcoin. The largest pattern in the symmetrical triangle, while the two smaller patterns are the ascending channel and the W-bottom breakout pattern. As predicted, price came up to test the resistance zone of 39K, which is the confluence of the ascending channel resistance and...

00:02

cryptotraderog

test

00:02

cryptotraderog

test