There is a lot of hype in the markets right now about PayPal being interested in cryptocurrencies, but no one can really understand the impact or direction of the current trends until we get to a stable point in the market with working payment system using the PayPal API. No one really knows how the PayPal platform will even work much less if people using...
Here we find ourselves still in limbo mode near the bottom of the structure from early March.
It appears that Bitcoin is creating a bearish ascending triangle structure with a little bit more room to move up. However the global trend is still downward.
The next few days will be critical to see if the the market action turns into a bullish reversal or...
These are snapshots Bitcoin with the four screen trading method documenting trends in the recent price movements.
These are more for my historical reference, but feel free to check them out!
I am a simple market analyst - not a financial analyst
fortis Fortuna adiuvat - fortune favors the brave
Learn to trade: cliftrade.com
It has been a crazy week with a lot of volatility. We've been seeing 4-5% moves in BTC every few hours. I hope you've been using your oscillators to identify the whip points and profit on the shorter time frames.
I've been loving this shorter time frame chart setup using 5 minute, 15 minute, 45 minute, and 120 minute time frames.
I have it setup where...
I hope you are all having a great Saturday! I was looking at BTC across several different time frames last night using a four screen method and noticed that the market is losing strength up to the 2 day time frame.
Chart Time Frames:
1, 8, 21, 48 Hours
Indicators Used (top to bottom per chart):
Today presents an interesting situation with the triangle that is forming. Granted, there have been large volume spikes and market volatility which makes the actual ABDCE count hard, but I think it is still there. The two primary options are either be a bullish reversal triangle triggering a movement upwards or a contracting triangle with a large move...
Hey guys, I hope this post finds you all well and trading safely. I just wanted to post this update about BTC's unexpected movements recently.
From reading the other TV posts, there's been a lot of talk about the support levels and bounce zones.
I haven't seen another post on the Golden Pocket 0.65 fib yet, so here we are. We just reached this level this morning...
This idea is an update continuation of my main trading idea from 08-09-2019. We are seeing the next wave down building up now and breaking through our short-term supports!
We need to see some more volume here for the next movement. I am still following the major trend until the market proves otherwise. That trend is down!
Just in case the trend flips on us, I...
We are nearing our first support zone with this BTC drop. So far, it fell though the .65 golden pocket fib (from the smaller more recent bounce) near $10.5k and is heading down toward $9.6k. Will this next support hold at around $9.2k?
We need a bounce or more sideways action to stabilize things before we see lower price points. The other alternative is a quick...
Hey guys! I hope you are having a good end of your week and make some good decisions and trading positions this weekend.
I took a break from TV charting for a bit to refocus on the fundamentals. Now, I am back to swing trade based on the indicators I see in front of me! So, let's get to it!
Many traders, gurus, and analysts are trying to figure out which way...
Long-term Outlook: BTC is continuing to move towards the major resistance trend line. The lack of volume and short-term bearish signs are concerning. We may retest the bottom of the structure before we reach the major resistance trend line.
Short-term Outlook: Daily RSI and MACD are both turning negative and signify a bearish trend. If this trend persists, we...
Long-Term Outlook: More Bullish Action. Many possibilities exist and things are looking very interesting for the longer term. The true test will be breaching the low 4k level at the resistance line. The green box inside the volume gaps could be a nice resting place if the bulls can handle the climb.
Short-Term Outlook: The RSI on shorter time frames is oversold,...
BTC's 1 hour EMAs just crossed up again.
If the bulls kick in we could see a few more waves up.
If not, wave failure may occur and we could see downward price action.
Stops in at the near support around $3570
BTC is still showing signs of growth as it continues to push upwards. It appears we also just completed a potential wave 1 with a nice bounce off of the .618 fib level. The top of the channel is around 5.1k, so be sure to watch for positive moves into early 2019! There's around 35% profit potential if it completes this channel movement in the near future.
This is an update on my BTC EMA Breakout idea. Things are looking up for BTC with this strong upward movement. If you've been following this idea from 12/17, congrats! This trade is making us 18% so far! It is also far from over I feel.
We broke through the first major resistance levels around $3.9k and our next level is around $4.3k. Any breakout above $4.4k...
BTC 1 hour EMAs broke out nicely this morning on 12/17. Where will they go next? Well, up of course. $4.8k is around .5 fib of our last drop, so that is a potential target. It will be interesting to see how the wave structure develops as we near resistance at the $3.9k and $4.4k levels.
Get your longs in!