FiboWhale

FiboWhale Updated 

I know, BTC is a new asset class and we shouldn't take the yearly timeframe into consideration, but just to mention that 28.9K is the yearly open. Maybe we would find a bottom at this region. Next open would be 2018 at 13.8K (2019 touched and it got rejected badly). Another area where price could pullback is the 19.7K region. It would make an SR Flip just pure...

FiboWhale Updated 

! Not financial advice - This is my trading diary! It helps me think about my ideas. Dear Reader, I am slowly returning back from my paternity leave and again looking at the charts. Instead of juggling between changing diapers and scalping, I prefer to solely focus on the first. However, I decided to do some Chart-Therapy and here is what I found out: BTC has...

FiboWhale

Dear reader, I will use the opportunity that my baby is sleeping to write my current thoughts regarding Bitcoin. I see much more, especially in the traditional markets, where I am more interested right now since it is less tedious on the higher time frames. Also, time is minimal now - I have a startup, a running business, and a 2-week baby to take care of. After...

FiboWhale

I see a resume of the uptrend, but not in the short term. I still think we will have "the" major capitulation event before we resume the Bullrun. BTC swing-failure-pattern the May 19 candle and didn't move towards higher levels after that. Instead, it is still pulling back - evidence that sellers are still in control. Based on historical data, I still believe...

FiboWhale

Dear reader, Now, after the monthly and quarterly closing prices, I have to say that ...nothing changed in the bigger picture. If history repeats itself (which not necessarily happens), then Bitcoin is ready to set a bull trap (see the upper wicks of the third candles at 1, 2, and 3) and head lower. After such quarterly closing, Bitcoin had 9-12 months of...

FiboWhale Updated 

! Not a financial advice - This is my trading diary ! It helps me think about my ideas. After double bottoming at a .618 (März 8 / März 30), XAUUSD rallied, and it is now retesting at a weekly level. It is critical to notice that, even though it is rallying on the Daily, Gold is still forming lower highs, lower lows at the Weekly scale. I would be looking for a...

FiboWhale

! Not financial advice - This is my trading diary! It helps me think about my ideas. Dear Reader, Ethereum is still correcting. It got a strong bounce from support, but now it is aiming at a daily resistance. I am watching a reaction at this 2250 Region to plan my next step - I enter by Market with the first sign of Absorption / Swing Failure pattern around...

FiboWhale

! Not financial advice - This is my trading diary! It helps me think about my ideas. Dear Reader, I have been pretty inactive in the last days -> Baby coming + old business reopening + new business being opening + few law battles... ... but no alarm has been triggered in my Tradingview account, which means that nothing really has changed in my plan. BTC Still...

FiboWhale Updated 

! Not financial advice - This is my trading diary! It helps me think about my ideas. Ethereum is still very strong, it has been accumulating below the massive resistance (see my related post below), and not it is probably getting ready to blast off. No financial advice. - Of course, it will depend if BTC starts squeezing everybody and making massive moves soon....

FiboWhale

BTC is still within the range after we got a quick sell-off at the daily level - 39.1k. This move was made mainly by longs taking profit - so many profit takers at that level + later Longs FOMOing - and then getting trapped/liquidated - pushed price to the current level. Now BTC might retest important support, 35K-33K, where we might get a bounce - If this...

FiboWhale

! Not a financial advice - This is my trading diary ! It helps me think about my ideas. I have noticed lately that almost every trader is watching this pennant formation and waiting for an imminent breakout. Well, I must tell you to be a little careful with Fakeouts. - In other posts I have explained that there is still a low volume area left on Feb 08 that might...

FiboWhale

! Not financial advice - This is my trading diary! It helps me think about my ideas. Let us remember that trading isn't about guessing the future but preparing a plan, acting accordingly, and giving appropriate responses. Hello Traders, No clear direction at the moment; Bitcoin is still range-bound. Which I believe is good for long-term growth. There is strong...

FiboWhale

EURUSD is respecting the levels on this Pitchfork. The consolidation around the 6.18 support created a lot of buying pressure and now it is testing a key resistance level, A weekly zone that had pushed price lower in the past (check Feb 25, for example). I expect this weekly level to break out sooner rather than later, since it has been consolidating below it for...

FiboWhale

BTC is at a critical resistance right now. Above it, we still have a previous all-time high (Jan 8) and the 200 Daily EMA. The most probable area to take profits on the longs from the bottom of the range (1). What if BTC overcomes it? There is still a low liquidity area, which means it can quickly move upwards from there - the bad news is that it can easily push...

FiboWhale Updated 

Ethereum keeps smashing all my targets with no mercy (check my very first review ). I entered heavily on this trade and never really took profits .. and looking back now it seems like a good decision to pick up ETH as everyone was telling it was "boring". But ETH will be testing an important level very soon, a strong confluence between fibs and a monthly...

FiboWhale

Daily On the Daily, BTC in a well-confirmed downtrend. It is being rejected from the 200 Daily EMA, still putting Lower Highs and Lower Lows. The best short-term recovery would be 2 or 3 months sideways consolidation inside the range (41k - 29k). If the previous low is defended and BTC keeps closing Daily candles above 34k-35k (currently the POC), we might see a...

FiboWhale

Weekly On the weekly, BTC is back into the January-February range. I believe this is the pivot point on the mid-term. If BTC fails to hold this range (38.2 / 55 Weekly EMA / 618 SpeedFan) on weekly close (below 30k - Psychological level), I expected the price to re-visit the .5 fib retracement / 0.75 SpeedFan (around 25K) in the coming weeks. There we might have...

FiboWhale

Dear Friends, What a crazy week! We never get bored in cryptoland! I managed to save some trades in profit, some positions got stopped, and a few still waiting to close at breakeven. It has been overall a lesson as well... I needed a break to zoom out a little bit, delete all the lines on the chart and put things in perspective to plan the next steps. This...