One of the most common questions I get when it comes to altcoins is, "should I trade or should i just buy and hold?"
For most people, buying and holding (or hodling) is often times the best answer.
It's less time intensive and you don't have to think about it too much.
The problem (and often asked question) is, "when should I start buying?"
For that, I would...
Good evening traders!
I know... I know... I know... the chart is ugly. I apologize.
Also... It's XRP.
The ultimate, centralized shitcoin.
The key thing to remember is that we are traders. The fundamentals of a project are irrelevant to our technical analysis.
Wasa... wasa... wassssup!
We always trust our charts and look for patterns to repeat. In this...
Chop. c h o p. CHOP.
The last 3 months have been nothing but ranging chop and have humbled many traders.
I am not a big fan of trading ranges, but have had some good trades nonetheless playing the support and resistance levels.
I've also had my fair share of stop losses hit in the nasty stop hunts on the low liquidity...
Massive downtrend after a 5 wave impulse.
- Holding support on the 78.6% fibonacci level.
- First test of the 200MA (doesn't usually break first try.)
- Testing the previous supply orderblock for the first time.
- RSI bounce zone historically (holding 30)
- Targeting 13-22% back up to the 61.8% fibonacci zone.
- REN/LINK typically move together and REN has...
Are we going to see a similar move like this after a big wick taking out both longs and shorts?
I was going through my analysis and we broke down as predicted in my last two updates and we are getting very close to the 'secret bitcoin buy zone' on the weekly 21 EMA with our RSI resetting to our bull market support.
Good evening traders. I thought for this analysis, I would give a bit more practical scenarios for Bitcoin movements in the coming days.
From a high time frame perspective, we are have been consolidating in a 20% range for over 2 months now. We are just bouncing back and forth between the 50% fibonacci zone and previous...
I hope the markets have been treating you well and you've been crushing all of your trades.
In today's post, I want to give away a chart that has made me a lot of money dating back to 2016.
I also want to go in to detail on how I use the RSI to determine when to get in and out of Bitcoin by determining...
As I mentioned in my last update, I expected a continuation to the $10,000 zone to tape the liquidity before any other upside movements.
We got the bull trap around $11,000 that I had also mentioned before seeing the $1,000 move to the downside.
We are currently still in this tight consolidation range before determining our next trend.
Good morning traders!
Bitcoin has had little to no movement in the past 24 hours as buyers and sellers are at a stand still on price.
Currently, looking at the chart, we can see we had a strong push out of the $9000 zone on a single hourly candle that took us from $9200 to $10700.
This also lines up with our 38.2% fibonacci zone on this recent swing.
First off, I'd like to shout out a fellow trading view analyst @filbfilb who predicted with high accuracy a $20,000 top and a regression to the mean of $3,000 in December of 2017 by using a similar style chart of analyzing a parabolic curve on Bitcoin.
I'm taking his concept and applying it to the current trend and 2019.
There are so many macroeconomic events...
It looks like our counter trade strategy worked and we nailed the perfect entry zone at $7550-$7650 zone based on the previous analysis when everyone was bearish.
Now, I'm seeing the same bears coming out of the wood work looking to short...
Good morning traders!
First off, thanks for all of the support on my previous analysis and if you enjoy this one, please consider clicking like below to support me. :)
Secondly, don't yell if this trade doesn't work out... look at the title (high risk.)
We've had an interesting few days of bitcoin price action as low time frame traders are getting chopped up...
Currently, Bitcoin has been in a very strong uptrend for several weeks now, but for the first time has shown some signs of indecision after yesterday's weekly closing.
Let's start with a high time frame analysis:
The weekly closing was below the previous weekly closing after an evening star doji was printed. The $8750...
Bitcoin has finally given a few days of consolidation after it's parabolic break out.
This has given several days for alts to make their room and get some resets on oversold indicators.
Don't start going into 'hodl' mode yet though as bitcoin continues to creep towards the apex of what appears to be an ascending triangle.
The pull back zone appears to be the...
As I was doing my last analysis around Fibonacci, I discovered this trend line on the logarithmic chart that played a dominant role in the support of Bitcoin during it's last bull run.
See my fibonacci analysis here showing a strong resistance at the trend line I highlighted here....
Happy Easter Traders!
Bitcoin has been in a weird, no trade zone for a while now without much action, but I suspect that's about to change.
Bear traps, bull traps, rising wedges, ascending triangles, bearish divs... WTF is Bitcoin planning here?
To be honest, I am not in a margin trade right now as Bitcoin isn't giving much of an edge at the moment and the...
I hope you were following along on my 61.8% fractal analysis as we called out this price move back on March 8th!
If you read through the analysis, I said it would make sense if we also got a pull back to the 61.8% of the impulse move and right now, we are at a...