tommytoan11

19:55

tommytoan11

38k and this upper downwards trend line is still our ceiling on BTC. Some of the crypto world is starting to get bullish now, buying at the bottom of this range, 30k to 33k, seems like a decent long. This being said, we have remade our higher low. Not good. 4th rejection of upper trend line. 4h and 1d 50ma/100ma death crosses. Bad. Overall extremely bearish...

19:57

tommytoan11

On my last vlog I indicated we were in no mans land, broken pattern and I really couldn't make any prediction. A day on, a bit of price action, and the picture is so much clearer. Price action here has felt very calculated by larger entities, lots of big shorts closing to go long, lots of short liquidation hunting, lots of hunting on both sides. I think this is...

19:50

tommytoan11

We have broken down from the symmetrical triangle, odds have been favoring this breakdown. Measured move down from the break is roughly 23.5k I almost always give a prediction of where I think price is going for the next 24 to 48 hours and today I really cant see anything. We are off the reservation, broken pattern, we need to wait for structures to form. I can...

19:55

tommytoan11

BTC attempted to breakout of the symmetrical triangle, we came back down and have failed the retest and looking to test 37k again. Potentially we have actually bounced 37k and could be testing the trend line again next 4 to 8 hours. I see a scenario where we break again to test 40k to 41k and get smacked violently down. Given bearish context I think probability...

tommytoan11

Yesterdays trade got us 5% and leaves us hanging mid range. If we can bounce on .114/.115 that would trigger a trade setup with a target of .133 Everything depends on bitcoin, so this basically bets that BTC doesn't fall under 35k. **THESE TRADES ARE FOR FUN AND NOT FINANCIAL ADVICE!! ==TRADE== ENTRY = .114/.115 ONLY IF it bounces and stays above on 4h (may...

20:00

tommytoan11

Slight pullback today after a couple nice green candles. We are right in the middle of this trading range. Showing some weakness at getting above 37k, BTC is signaling a trend we have seen a ton the past month, getting to significant resistance, failing, testing downwards. We don't have many bites left at the 37k mark. MY PREDICTION = I think we fail 37k the...

tommytoan11

For a number of ideas now I've had a descending channel and trades based around that. BTC is arguably in a symmetrical triangle, VET is following that lead and forming its own version, so those trend lines provide potential trade setups. I'm leaning towards BTC getting bullish and testing the upside of this triangle, VET will follow. I don't think theres enough...

19:58

tommytoan11

Having a real tough time calling where BTC goes today. This is almost a day of forming a higher low, it arguably has significance now. This is what you want to see for a bullish trade setup. However I was wanting a proper 33k test. So I need to watch my own bias here. The daily isn't blowing me away, we may need a close of this daily to ascertain exactly what we...

tommytoan11

Our last trade played out fantastically. Once BTC faltered at 40k you take profits, no need to be hodling any ALT here whilst BTC is still figuring its sugar out. Take profits and get out. We are looking to do the same thing again, buy on the lower channel trend line. I would like to see a wick below the channel, come back up and test. Looking for that...

19:52

tommytoan11

I'm seeing BTC in a symmetrical triangle currently, a fairly weak one that needs further confirmation. We failed to break and stay above 40k again, this is a trend of weakness we have seen since the 59k test start of May. Considering this recent downtrend, does probability favor breaking out of a neutral triangle? No :(, it doesn't. Measured move down from...

tommytoan11

I'm currently tracking the following long for VET if it can come down to 0.085 and use it as support. Looking for a bounce for confirmation. Pity I cancelled yesterdays short as it would lineup nicely with how I'm reading BTC and this VET long setup. BTC to 35k will bring us down to the buy zone and possibly below the channel. A distinct bounce here is the...

19:56

tommytoan11

Not much has been happening, we've been in a LTF downtrend for about a day, unable to break above minor resistance. Price on the bearish side and my prediction is eventual breakdown to retest 35k. You would think we cant get much more bearish after the flush out of overleveraged longs. But that line of reasoning would suggest its unlikely to go under 30k, and I...

tommytoan11

*NOT FINANCIAL ADVICE. DO NOT TAKE MY TRADES. DO NOT TRADE ON LEVERADGE* BTC has not look bullish to me for a while. Up to this point these trades have all been going long. If we are to continue this theme of a daily trade... we have to start going short. This is going to come with some disclaimers now, shits about to get serious! The nature of shorts is people...

19:59

tommytoan11

Its been a terrible couple days for the markets. Hope yall doing alright, feel free to shoot me a message if you're struggling. BTC bounced nicely off 30k, that's the most bullish I have seen things since arguably the 5th of may when we were trying to break 59k. It was a really unconvincing move to 40k, price action was weak and defined more by an absence of...

tommytoan11

HIGH RISK! VET is showing resilience. Most ALTs aren't overreacting to BTC. They are being bullishly reasonable. When BTC starts to go sideways for 4 hours ALTs take turns popping off. Many ALTS that had breakouts in recent days are going down with BTC here only to bounce right back to where it broke out, ignoring previous resistance. I like it! I think there...

19:59

tommytoan11

We bounced from 42.2k, but we keep coming down :( We are sitting on the bottom of a fairly significant lower trend line of a descending channel. Bouncing here is very nice. We've had some above average volume. But we need more. We need the small pumps that help get us above minor challenges like 45k. We need some kind of bullish daily candle close. We need more...

tommytoan11

VET is in a downtrend on most timeframes, large and small. The time to short was .19 .18 seems lower odds of a place to bounce. You would want more retrace, .17 or .171 seems a logical place to bounce. My take on BTC is its trading sideways bearishly, I'm seeing 48k to 46k soon. Thus the only 2 trade ideas I have is wait for .156 to .158, or play the breakout...

19:59

tommytoan11

We tried a 2nd time to break 51k, failed. We couldn't break the recent high when we should be expecting lots of buyer support for a strong rebound. I have a minor ascending triangle that we are currently breaking down below on the 1hour. If we establish another low below 49k here... its weaker than a 60 year-old mans weewee stream with a 14 carat kidney...