w0tisl1fe

w0tisl1fe

We see it every bull run... Bitcoin outperforms nearly all other financial securities, then the new wave of unexperienced investors come in and spread euphoric delusion throughout all corners of the internet. Well, it is time for a reality check. The fundamentals of Bitcoin tell us that every halving we do see a large rise in price, followed by a steep dump that...

w0tisl1fe

Red fib needs to be breached or else we may capitulate. Be aware, Be ready. Happy Trading!

w0tisl1fe

We're currently hitting the fib channel that as you can see below; has been greatly respected by Bitcoin (BTCUSD) during this entire rally. A lovely time to open shorts. I just caught myself a nice 4% gain off of shorting the fib. But take a look below and see how important this is, and why you should be paying close attention to this area right now.

w0tisl1fe

------------------------------------- Disclaimer: These Charts are referring to solely: 4 Hour Time Frame -------------------------------------------------------- The chart displayed in front of you is pretty bland. The reason for that is because what I want you to focus on is our 30 & 200 MA cross. When we crossed (or atleast touched) we saw a 3% pump, but if we...

w0tisl1fe

So if you have been following my daily posts; for the past week i've been stressing to everyone the fact that they should be looking out for 9090. This area is what you see when looking at the yellow line on my chart. This has been a major support/resistance for the preceding weeks, and was a make or break point. As you can already tell, we've managed to get above...

w0tisl1fe

As you can see, we are bouncing off of our major fib. The two most vital levels, for this to not dump sooner than later, are above the fib (red line) and above 9090 which has acted as great support in the last weeks - and most recently, has been a huge resistance that we have not been able to get past. The next major support if we can't hold here, is just above...

w0tisl1fe

As you can see from the chart; currently we are above the red fib. This is a fib channel originating from the 3.8k bottom. If we can find support above then we will likely be testing the 9075-9090 area represented by the yellow line. This has been a huge support/resistance level in the past weeks and are bound to get a reaction. So, if we do approach this level -...

w0tisl1fe

So the wedge I posted about earlier has been broken. As you can see we have managed to get outside and for now we are bouncing off the bottom. Unless things are to break back through and hold, preferably above the red line which represents the major fib channel; I expect more downside. But we do need to see how things will play out, and make sure this is a full on...

w0tisl1fe

As you can see we've tested the bottom of the rising wedge a few times now, in short durations after each other. Usually indicating that support is getting weak. Be on the lookout to see if this will continue to hold us up or if things will be taking a turn for the downside.

w0tisl1fe

Looks like we have a rising wedge for easy positions. Until it breaks, take advantage of it. Still expecting an uptrend for today until things start to break down.

w0tisl1fe

As you can see with support on a major fib within my fib channel, originating from the 3.8k drop; we have the ability to push up unto our next huge resistance which is represented by the yellow box. this should be where things start breaking down and where the cookie really crumbles. For now though; longing isn't such a bad option.

w0tisl1fe

Support on major fib as you can see. Rely on longing this today, as we have a small uptrend. But do keep in mind that the structrure on the 1D is similar to our other pumps. we tend to start the longer term dump, pump a bit before major drops to shake everyone out, and then once people are generally unsure of whether the uptrend will continue or not, we tend to...

w0tisl1fe

Getting above the red fib and the yellow line have been good support res. Fib Channel running from 3k-10k. Before more dump, we need to hold the fib, then we can look forward to a small pump for a day or two. But, then I do expect a resume to the dump.

w0tisl1fe

Trend/Range: As of today; we have two trends that you should be focusing on. One is the fib channel (red line), & the other is the black trend line which was support, but now acting as resistance. Ranging from 9300-9500. Scalping Strategy: To take advantage of today - try using the 30MA on low time frames such as the 15 minute & the 5 minute time frame. When we...

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Daily Target.

w0tisl1fe

Not Convinced; I think the stock to flow model is great, but let's look at real data before we continue to put our faith in it. For example - Gold has a similar concept, in regards to bitcoin and other cryptocurrencies. Yet, when we adjust price with inflation, there is still extremely long periods like 1981-2006 where price didn't budge. And, if we look back even...

w0tisl1fe Updated 

Spotted some divergence. Don't be surprised when she dumps.

w0tisl1fe

Trend line following our 10.5k run is perfectly in tune with us now. We had a 109% bull run! Lovely! Now... This is where things will begin flipping. Loaded my short just under 7600 from yesterday and still holding on to her. Might be holding this one long term. More side trades for short term scalps. Hope this gave some new prespectives. Happy Trading!