natef1

natef1

Hello Traders, here is my analysis for BTC/USD. Let me start off by saying, BTC has a massive barrier to overcome to turn bullish. What is this barrier I speak of? ***The Descending Trendline that been plaquing BTC since the November 2021 high. What does this mean for BTC? - Basically, this trendline is MASSIVE MASSIVE Resistance for BTC and will require a...

natef1

Hello Traders, With the dump yesterday, Imo the market has shifted from more Bullish to more Bearish. Of course the Bulls can still regain control in the short term, but its an uphill battle for sure. I'll break it down in the most simple terms: Above $390 = Bullish Below $390 = Bearish Use this only as a guide to help manage risk, the trend can still be long...

natef1

Hello Traders, As many of you know, the DXY has a large part to play in whether the broader market rallies, or dumps. Just take a look at yesterday when the broader market dumped, the dollar had a massive rally. - Knowing that there is this correlation, we can use the DXY to help us determine what the broader market might do. - We want to find the likely scenario...

natef1

Hello traders, here is my analysis for BTCUSD. Without a doubt these market conditions are extremely difficult not only from a trade execution perspective but also from a mental perspective. - You have to stay strong and take each day as an opportunity to learn and grow as a trader. BTC Makes History - BTC hit the lowest level in it's history on the weekly...

natef1

Hello traders, here is my analysis for ETHUSD. - If you read my post yesterday, I mentioned that today was a very important day for the markets being as the CPI data was scheduled to be released today. - This morning we got that data... it was not good news for the markets. - Basically inflation increased and was worse than expected. BTC held up very well...

natef1

Hello traders, here is a trade setup for MATICUSD. Matic is looking Bullish and may be setting up for a breakout and continuation to the target levels. - Price has been trading in a Bullish consolidation formation - Price has traded between the parallel channel and recently has been trending near the top. ** Be prepared for a breakout** - Ideally you should wait...

natef1

Hello Traders, here is my analysis for BTCUSD. Bad new on a Friday is like Kryptonite to the stock market... - Well what does this have to do with Bitcoin!? Tomorrow the CPI data will be released at 8:30 a.m. - This will most likely have a rather large impact on the markets tomorrow depending on whether the info is good or bad. - If you remember over a month ago...

natef1

Hello traders, here is my analysis for BTCUSD. *Unfortunately it just so happened that as I was creating this post BTC started to dump.* I was hoping that BTC would hold around $31K into tomorrow to put price in a good position to rally, but once again BTC has been rejected from the above $31K region. So what does this mean for BTC?? - I know everyone is sick of...

natef1

Hello traders, here is my analysis for BTCUSD. BTC has broken below the trend line which it was previously using as support. - If you remember in my last post I stated that if BTC was to break below it's possible that this trend line could become resistance. - This is exactly what happened, as you can see BTC is now using the trend line as resistance and is...

natef1

Hello Traders, here is my analysis for BTCUSD. Tonights post is going to be short again, there really haven't been any new major developments so my technical analysis from my prior posts are still applicable. The only change from yesterdays analysis is that BTC is now trading on an ascending trend line. As you can see price has bounced from the trend line 3...

natef1

Hello Traders, here is my analysis for BTCUSD. I'm sure a lot of you are concerned after the large drop in price BTC faced today. At the moment there is nothing to worry about... - As traders we let the chart guide us - The key support levels are still intact and have not broken. Until that happens BTC is still in a position to make the next move up. Use the...

natef1

Hello Traders, here is a trade Setup for ADAUSD. I'm going to keep this one short today... ADA has had an incredible run over the past several days. So well in fact that it broke through a local descending trend line which acted as resistance. This is a very positive signal for Bullish momentum. - Price is currently re-testing support which is also an ideal buy...

natef1

Hello Traders, here is my analysis for ETHUSD. To start, if you follow my posts you may notice that the TA for ETH looks somewhat similar to BTC... However there is one major difference. - BTC is currently trading within the "Parallel Channel" while ETH broke below and has yet to break above it's "Parallel Channel". - The reason this matters is because this mean...

natef1

Hello Traders, here is my analysis for BTCUSD. Finally BTC broke out of the sideways formation that it has been trading in for the past several weeks. I didn't bother making a post over the past few days being as there hadn't been any change, but now that we've got some action it's time to prepare for our take profit levels... One question we need to answer...

natef1

Hello Traders, here is my analysis for BTCUSD. Another day has past and really nothing has changed with BTC over the past 24 hours. BTC is still trading within the same range that I spoke about in my post yesterday, so the same technical analysis still applies. **There has been one new development to keep an eye on, and that is the triangle formation that BTC...

natef1

Hello Traders, here is my analysis for BTCUSD. As you can see not much has changed since my last BTC post, BTC has basically been trading in the same sideways formation for the past 2 weeks. There hasn't been much to update given this sideways price action but I wanted to give you all the target levels depending on which way BTC breaks... - One positive thing to...

natef1

Hello Traders, here's an educational post about how to trade Supply & Demand Zones. First off I would like to say... I highly recommend that you watch some youtube videos on this topic. I can only cover so much in one post and you will have a much better understanding of these zones after watching some videos. Either way Supply & Demand zones are one of the most...

natef1

Hello Traders, here is my analysis for BTCUSD. Before I start I want to mention that the stock market had a terrible day today. For Walmart it was the worst day since I believe the 1980's, for the Nasdaq the worst in a couple years. BTC is currently closely correlated to the Nasdaq. So even if BTC looks strong from a technical standpoint but the Nasdaq has a bad...