I have followed two people on Trading view Goldbug1 and Alan Masters- both have cult status. They have different styles of trading but they are a wealth of great information and are a large part of my success. Alan posted a tech chart on GAS and it made me a little more curious. I took the trade as a speculative day trade - however when I anaylsed the chart again...
Bitcoin Cash apparently, is Satashi Nakomoto vision for Bitcoin. I have included this in my portfolio and bought in over the past 8 months.I am bullish on this coin until Price action signals otherwise. Price has respected both the resistance and support trendlines. The correction occurred from the move fib from 8-9 Dec to 15-16 Dec where at the 3.618 extension...
Traders like support or resistance to be tested 3 times before they take a shot. Price has tested support for a 3rd time and this pair looks like its gaining momentum. Bulls are coming to the fore to take price up. When I look at this chart it seems the ascent has only just begun and we have along way to go. LTC is a good long-term hold and I believe has lots of...
Decreed is a slow mover. Price has broken a downward resistance trendline and has made a HH than the previous. There fore my bias is now bullish on this coin until price action tells me it's not. Buy on the retest of the red resistance line 0.006627 (ish) on a lower time frame and take 1/2 off the table at the first target. Then hold till the 2nd target its...
When I plan I look at all the swings, move swings and minor swings. The idea is to try and work out where the majority of the Bulls or Bears will be. BCC has ATH 4198 (depending on your exchange). Price has fibbed (reacted) from the 618 of the entire move = 2720 The hourly chart tells me that BCC is now bullish and a trade could be taken from here. Price will go...
BTC USDT+ I've planned every possible scenario of how this pair will play out. I am prepared for a HH then the ATH and a retracement to 10850ish. Whatever happens first I will either sell and wait then reload or just hold. I am thinking that BTC will make another high before making a deeper retracement - this will shake out the people that have the fear of missing...
I'm watching BTC carefully to see where the Bulls are hiding limit orders. I have identified several levels of where price will stablise retrace then price action of a Higher low and a higher high occurs on an hourly time frame. Using the 4hr chart I have drawn a fib of price action from a previous swing low and another from a more recent swing low. Now I can see...
We can really never predict what will happen we can only have a strategy or plan in place to respond if our plan works out. BTC fell exactly at a critical Fib ext level of the swing from the high 11th July (7846 ) to the Swing low of 12 Sept (5428). Price unravelled from this retracement of 100% & 50% of the previous swing from 2927 to (7846) - bulls were...
There's nothing worse than the fear of missing out to kill your confidence and account as a successful trader. You need to wait. Price always returns to the scene of the crime. This plans shows how Price has reached the 161.8 % price extension and price faltered as the bulls took profit. More often than not once price rises exponentially it will fall faster - I'm...
The weekly chart looks bullish. The orange lines indicate resistance and we will see a reaction at each of these levels. Good levels to build a position or take profit depending on your view. I like this coin as it has good market penetration and a strong competitor against my core holdings - Dash, BCC, LTC, BTC & OMG.
Price could take one more notch down before it heads up. It hasn't reached the 161.8 of the major swing high and swing low. We could see this coin head higher as the development team are close to launching their product.
If we look at the previous retracements or corrective swings on BTC we can see some cycles. The last correction took just the days to decline 40%. If price falls from here (35-36 bar cycle) and if you measure the previous move it took 61-62 day. We are at the turning point today. We can see the previous correction took a little longer and corrected 40%. Therefore...
Fibonacci Price Cluster Set-up for BTC I look for coincidence of at least three Fibonacci price relationships that come together within a relatively tight range. This identifies key support or resistance zones that will define my trade plan. I look at three retracements, three extensions, three projections or any combination of these relationships. This gives me...
We were expecting an entire correction of the previous move. The last retracement was at the first level 50% that BTC could have continued in its trend. The thing is there have not been enough bulls at this level. So price returns to a deeper retracement to collect more Bulls. This level is the 0.382. The deeper the correction the more chance we have of the trend...
Just wait for your opportunity to enter long- Whlle I'm bullish in BTC I have sold at the level that I planned (last night) I saw a 1-2-3 pattern at this level to confirm -I'm holding UDST to buy into BTC at a cheaper price to hold this position for a 2.5 year term (thank you Goldbug) I've updated my previous chart to reflect a time cycle. BTC moves in waves that...
Years of technical analysis and getting into early from the 'fear of missing out' has cost me my hard earned $. You can respond or react to what the charts tell you. I will respond to price if it makes it to my level in the time that I believe it will take. The retracement cycle for cryptos is between 30-33 days before the trend resumes. Notice how the last...
A good visual to help you stick to your guns- It looks like it will be a wild ride for BTC over the coming months. The ellipse never lies. Anything below the bottom of the ellipse the plan is over. Price trickles out then capitulates quickly as the Bulls get scared and the Bears win. Price has been faithful to the ellipse so far. This is a good way to predict...
ETHUSD may have more to go- Price has been faithful to the formation of the Ellipse pattern. It's simple if price falls out of the ellipse the plan is over. Please use caution when you trade - the plans I create are my thoughts based on past experience in the forex market, they are not advice.Feel free to donate BTC to my account if you happen to...