About meI always strive to give trading advice with an open mind and from an objective standpoint as much as possible.
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Today I want to show you this perfect bat pattern that could be developing here.
This is a great trade setup, because while you normally want to wait for price to reach the D leg of a harmonic pattern before taking a trade, we have the opportunity to go long as well towards the D...
Hi guys, thanks for taking the time to read this analysis.
So my last idea was a risky long trade for a scalp that was positioned at the top of the descending channel, and this one obviously didn’t play out.
Before that idea however, I posted about BTC consolidation and how I was leaning more bearish over the long-term.
Since then we have dropped extremely...
Hi traders, thanks again for taking the time to read this and as always I appreciate your continued support!
My last idea I discussed how Bitcoin was consolidating between 2 important areas and while we are still consolidating, it looks like we have some clues as to BTC’s next move.
Looking at the chart, the triangle that Bitcoin was ranging in broke down. This...
Thank you to those who continue to take the time to read my analysis and support me here on TV. Let’s get right to it.
Here on the daily chart we can clearly see Bitcoin has found resistance at the top of the downtrend channel that has been confining the price since late June. I called the bottom in my last idea at 9,600 and predicted that this would be an area...
We could have a potential change of trend in the coming days on Bitcoin based on the following signs:
- The daily chart shows us a possible double bottom formation right at the 0.382 fib level.
- This entire move down appears to be an ABC corrective pattern that is almost complete.
- Price is pushing further away from bottom of descending channel
- When comparing...
Hi traders, thanks for taking the time to read this analysis.
In my last idea, I pointed out the double top pattern that was developing on Bitcoin and took a short from $12,300. For the pattern to be considered valid and see price reached the target of its measured move, we needed to see price break and close below the neckline. We did see this happen, however...
Thanks for taking the time to read this analysis. Today I want to talk about what looks like a double top formation on Bitcoin.
To be honest, the drop initially took me by surprise but as soon as I started to notice what was happening here on these higher time frames I decided to close all my longs and open a short at $12,700.
Let’s discuss why I made...
After just a week and a half of consolidation, Bitcoin already looks primed for another move up.
Looking at the chart, we can see the possible formation of an inverse head & shoulders pattern. Often these patterns are identified as reversal patterns however they may exist as continuation patterns as well.
Of course you should always wait for confirmation before...
Finally there was some heavy profit taking that occurred right at the 0.618 retracement of $3,100 to ATH $19,900.
The volume is obviously very heavy and should lead to more downside in the upcoming days but the overall uptrend is still intact.
It’s too early to say if this is the exact end of the rally or if we will see another move up before the real drop...
Today I want to present to you a very interesting comparison between Bitcoin and Gold Futures.
Many people have already showed the comparison between Gold itself and Bitcoin, but we can clearly see a much better resemblance between Gold futures and Bitcoin.
Since the All-time high, both have made strikingly similar waves down (marked 1-5) before running flat for...
Thanks again for taking the time to read this analysis.
I wanted to post a comparison of this past month’s movement to a similar movement seen through April-May 2019.
Many people have become bearish again, with shorts spiking up the last week confirming this, and I don’t blame them! We are hitting the top of this channel, as well as the 0.382 fib...
Hi guys, wanted to give a quick update as I am seeing several things that are currently changing my mind on the short-term movement of Bitcoin.
As you know, I have been very bearish the past 2 weeks and called for a short around $8,700. I was convinced we would get to at least the 6.2k range until 7.5k failed to break for a third time.
What I’ve noticed is the...
Hi folks, got another Bitcoin update for you.
So the bear flag formation failed as we saw a breakout of the top, but now the price is looking like it’s going to come back down again so maybe it was simply a fakeout.
I am looking again at the April/May 2018 fractal that I posted about a week ago.
Since fractals just give us a general guideline and price never...
Hi guys, thank you for taking the time to read my analysis on Bitcoin.
It looks like a solid bear flag is forming on the 4hr time frame. While there seems to be some decent support here holding the price up, I really don’t think it will last. Just look at the selling volume on the drop down.
With that said, if we see this bear flag break, we can expect a...
There is a potential long setting up on AUDCHF.
I'm seeing some bullish divergences and a strong support tested twice below for what could end up being a double bottom.
Buy on break of the descending trend line with candle close outside the line.
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Hi guys, thank you for reading my analysis on Bitcoin!
My last idea published was showing you guys the similarities I was seeing between the top of this rally and the top of the April 2018 rally.
So far it is actually following that fractal very well and I suggest you take a look at it (posted below).
I am excited to see that we got a break of the rising wedge...
Hi all thanks for taking the time to read my analysis.
On the chart I am comparing the end of April 2018 rally to this current rally and pointing out the similarities I am seeing here.
First we see that the overall structure of the recent price action on the right hand side is resembling the April rally very closely. I pasted the bar pattern over current prices...