Noticed this after taking the retest long. Only in this long with play money though so arguably im not in it!
What does everyone think, valid 3 tap? First touch doesn't hit 20k squarely but I still like it. The retest arguably sweeps a bit deep depending on what chart you work off.
My TP1 was good, super keen to see what price does from here. Im tipping a pump...
All this TA depends on BTC, and BTC has become increasingly dependent on traditional markets.
If SPX etc goes back to recent highs, this TA will get invalidated and crypto markets will look different.
I'm being fairly well influenced by recent multiple year bear markets, the TRUE value range to build a position is at that 0.1 mark and below, -90% off highs. To...
With a return to the bottom of the 40k to 50k range BTC has broken down back into this major bearish triangle.
What we hoped was a breakout is now a failed breakout that could turn in a return to the bottom of this pattern at 30k.
Is that where we are headed? Pattern centric analysis would suggest so,
But traditional markets have recently rallied to hit new...
Key level, gotta take inventory.
I'm bearish on BTC currently, pending how it goes breaking current trend line, so this LIT long is more a hedge so I have some exposure if BTC runs.
LITs a great project, I love it, DOT could do a SOL and AVAX style run with all the parachains going off the next 6 months.
The biggest worry I see on BTC chart is the consistent lower highs, we are constantly failing to break previous highs, all indicators of downwards trend.
The positive out of this is we have formed a descending trend line that is clearly what we need to break in order to get bullish again.
So we all know when to long if price goes up.
For me right now...
A lot of time left in this week but there's a ton of bearish signs here for BTC.
One of my key issues is with renewed evergrande default drama and my bearish take on traditional markets, because crypto is adhering to it so closely BTC can show lots of different signs and it doesn't really matter. If traditionals go down, BTC will break patterns.
We have formed a...
Here is my prediction for WABI = $0.9
I'm guessing a BTC break below 30k and test in the 20k range, so WABI would experience further downside. Touch the 0.1 mark, bounce around, then break below for 0.9
Stupidly hard to predict this far out, impossible imo, but 0.9 is my prediction. Take that for what its worth!
WABI is interesting as it cant fall off a cliff...
BTC has been finding great support at 60k. We are starting to get lower highs on the 4 hour suggesting we could be in for some downside soon.
As price gets squeezed between 60k and lower highs it increases chance of a significant move up or down.
I've been wrong on major trend reversals at these points a couple times the past few months, but again, I can only...
BTC making me look like a clown!
Been a while since my last VLOG. Bitcoin has been wiping the floor with me, i had a call for top at 53k and BTC just destroyed me lmao.
Despite BTC breaking every bit of TA you can throw at it, breaking out of a descending triangle to the upside?!?!... despite that this is actually the most I've traded so far this...
BTC is trading bottom of the range, bounced off 45k to establish a lower high. Lower highs favor probability of lower prices generally. Certainly the trend has flipped and this price action has been shite for scalping.
Will be an interesting next few days with US default narrative, bad news in traditional markets could see us back into the 30k to 40k...
Something I noticed the other day in my VLOG that got my willies and hackles fairly raised!
We want arguably 2 more touches of the upper trend line and another touch of the 30k lower trend line before we get too carried away with it. Its unconfirmed so far.
What I wouldn't mind to see in the coming months is a week or longer of price action at the 40k mark to...
Some big dumps here with the Evergrande news... when I called 53k lower high it generally indicates probability is with further downside but it in no way can that predict events like potential real estate fueled recession in China.
No oracle outside of insiders can predict that. All you can get are hints and probabilities in the TA.
40 to 41k seems bottom of...
VET is bumping against an upper trend line, if it gets broken on 4 hour it triggers a long for me. Depending on market conditions I may seek extra confirmation and require break and close on 1day.
If BTC experiences some downside I will look to enter off a retest of 0.11 support.
Be looking to take profit at 0.14
Long time no upload!
So the shorts I was tinkering around with all got stopped out, BTC swept me up with 53k pump, then chose to dump. Lesson = shorting a pumping BTC is like lion taming.
Sucks but oh well, ALTS have been giving fantastic opportunities off this BTC price action so I'm not complaining!
BTC got over leveraged and had some cascading liquidations...
Is Ethereum keeping BTC bullish?
We have broken the ascending wedge pattern which suggests a move down the range, but BTC is clinging onto the 50k mark really stubbornly.
The start of this monthly candle is green, the weekly close is green... it looks ok! I still think probability favors a correction here but as they say, BTC will stay bullish longer than I can...
Good effort by the bulls to bring us back into pattern and above the trend line.
We maintain trend barely and have another opportunity to go higher.
Price is entering a squeeze between 50k to 51k resistance and the lower trendline support, I think this is where we see fireworks, the next few days its very likely to be big up or big down.
I flaunted with a 50k...
I don't think we break 50k in a significant fashion. I can see us hit maybe 52k, then get rejected outside of this ascending wedge.
This current ascending wedge looks prime for breaking below.
We have gone up 20k with crazy bullishness to 40k. BUT... I cant get the last dump out of my bias completely. We aren't in price exploration so I feel odds are against us...