orbsatchel

orbsatchel Updated 

Sorry for all the sensational headlines! Bitcoin Cash! Everyone says this is what Satoshi envisioned when he wrote the white papers. I do not trade or buy this stuff. What makes it move? Who knows. It seems to lag the overall market though. EXTREME BOLLINGER BAND PINCH happening on the daily chart!! These pinches usually mean a BIG MOVE up or down coming....

orbsatchel Updated 

As much as DGDBTC can move inverse to BTC it moves on it's own and is tricky! SO, lookout and treat it as it's own. This looks like a good set up and maybe BTC will fall apart, maybe not. This diagonal line is the long term strong trend line and usually we break it for a few 4 hour bars and then a big pop. We will see but it looks good to me. This usually happens...

orbsatchel Updated 

Same old chart and same old downtrend. I hope we break out of this and moonshot so everyone can buy Lambos and investment properties. BUT- The horizontal lines were drawn from weekly support that has now become resistance. I don't see us making it through them based on the volume we are seeing now and the low conviction low volume bubble up we had from recent...

orbsatchel Updated 

IF you are into NANO then this chart might look good to you. We are bouncing off the longterm trendline. And that is lining up with the Fib line around 011425. If this holds look at the past times it did this to guess what will happen. If it fails look out below! I am not in NANO but nano is a money train!

orbsatchel Updated 

We bounced right where we knew we would. I moved the next bounce line down to where it makes sense at 7k on the nose. It looks like this is a good counter trend rally and a bull flag forming for another leg higher to red line above. I am counting on a fail up there and a massive sell off. If you want to get out sell the rally. If you want to get in I would...

orbsatchel

Bearish MA Cross happening here and look at the chart pulled back a little the last flag was similar and this one might have same results. I am still short looking for 7k. Flags are usually a continuation pattern.

orbsatchel Updated 

Not quite yet but there should be a bounce coming. It is easy to look at DGD and wonder why it failed at the same time as BTC since most of the time it is an inverse proxy of BTC. Well, the chart here is a bounce play coming sooner or later. I am not in DGD and not sure I won't be in an other coin when this pops but I do like to follow. I put arrows from the...

orbsatchel Updated 

All the big forecasters got BTC direction WRONG lately. I got spooked and got short BTC at resistance on a hunch via DGD and still got smoked! These are common patterns: DOUBLE TOP AND HEAD AND SHOULDERS. One after the other... Before it was looking like a double top after a double top was playing out... WHERE ARE WE GOING? -down it seems. A break through...

orbsatchel Updated 

Does this sell off look tired to you? Volume and the fact we are spinning topping every where leads me to think possibly a bullish divergence, we are oversold and a relief rally may be here. Just a bounce though! I don't see this passing red resistance and fib break to pass 10k. VERY SHORT TERM DO NOT TRADE THIS IF YOU HAVE ANY DOUBT.

orbsatchel Updated 

FOR NOW, the lines above are: Horizontal- support, resistance lines. Uptrend- long term uptrend line. Downtrend- the appears to be a new downtrend line to watch. ( The shorter the trend the less weight it holds.) The arrows are top, MA Cross line in chart. The bottom is volume going down and RDI going down. Both are bearish and I won't go long until they change....

orbsatchel

Weekly chart of BTC bearish engulfing pattern. Note the last 2 times this pattern showed recently. Even when it was barely a bearish engulfing pattern...

orbsatchel Updated 

SO- The Long tern downtrend resistance and Long term up trend support are meeting and people do not know what to do? ( The red line from lower left to upper right and the red line from upper left to lower right are the MOST IMPORTANT LINES IN BTC right not. Keep it simple!!!) Obviously one thing is there are so many new tradersin the market that finding the...

orbsatchel

FOR NOW, the lines above are: Horizontal- support, resistance lines. Top Uptrend- short term uptrend we broke. Bottom Uptrend- long term uptrend line. Downtrend- the appears to be a new downtrend line to watch. ( The shorter the trend the less weight it holds.) The arrows are top, MA Cross line in chart. The bottom is volume going down and RDI going down. Both...

orbsatchel

The line going from upper left to lower right is the downtrend line. Keep it simple. We closed under the downtrend line and if that line becomes resistance then look to the lower horizontal lines for target support. I do not think we ill see 3 or 4k. BUT 7,300 looks real from here. I hope BTC takes off from now and all HODL'rs do not have to go through the pain. I...

orbsatchel Updated 

ADA has been a total turd lately. I like ADA but have been suckered and stopped out too many times now. THIS CAN GO LOWER! I did not think so before. Until we get above the big red line I am on the side lines!

orbsatchel Updated 

HEY GUYS! MY LAST FEW CALLS WERE NOT GOOD, SO WHY TRUST ME NOW? I POST THESE TO BE ACCOUNTABLE TO MY IDEAS AND WELCOME ANY FEEDBACK. I HAVE NOTICED CRYPTO TRADES USED TIGHT, SHORT RANGE CHARTS MORE THAN ANYTHING ELSE. WITH THAT I HAVE DRAWN TWO SHORT TERM BULL RESISTANCE LINES. SO HERE THEY ARE. WE ARE BREAKING OVER THE FIBONACCI COLOR LINE! NEXT STOP IS...

orbsatchel Updated 

Hello all! I want to explain the lines on my screen here. The most important line in play is THE DOWNTREND LINE! Until we break out from this longterm downtrend line we ain't goin nowhere! ( line goes from upper left to lower right) #2 the LONG TERM UPTREND LINE! If we get a pop break out this is resistance until we confirm above this! After that it is...

orbsatchel Updated 

WE need to use caution here because this has happened several times! BUT, we are doing a MA Cross and there is volume coming in. Stochastic moving the right way. Pop coming? I am in long because we are sitting on long term resistance. I love the set ups but use caution and tight stops!