GlenGoodman

GlenGoodman Updated 

I've taken two clear buy signals since Bitcoin bottomed. Now there may soon be a third. BTC has hit strong resistance at around 8500, where it last peaked almost a year ago. If it manages to break through this resistance line, we could see another strong breakout. As a 'Trend Following' trader, I only buy once the breakout has begun. Buying too early means you...

GlenGoodman Updated 

A lot of people have been asking me how I chose this entry point, which led to a big profit, so here's how to do it: 1) Clear your mind of all the news, all the discussions, all the opinions about Bitcoin. It clouds your mind and confuses your judgement. 2) Look at the chart calmly and decide what pattern is forming. Where are the current resistance and support...

GlenGoodman Updated 

Nothing matters except this: Keep It Simple, Stupid . All that complex analysis you've been reading day after day? Useless. Since Bitcoin bottomed, it has formed two simple buying setups. If you bought on each breakout, you've got huge profits. I signaled the second breakout for you, before it happened (as shown below). Follow me for more no-nonsense,...

GlenGoodman Updated 

CONGRATS if you bought BTC at my entry point! If you didn't, well there will always be more opportunities, and I'll alert you to them in advance. When I posted this idea, I was hoping for a nice clean breakout. But of course what actually took place was a rather hesitant, uncertain breakout. I actually decided to buy BTCUSD in between the blue line and the...

GlenGoodman Updated 

My buy orders are in! I will use a tight stop-loss. Here's why. Bitcoin is rising in a broadening triangle pattern. This is very unusual in any market, and does not give you a strong indication about which direction the price will choose, but it is still a regular repeating pattern, which gives us a good chance of getting a decent breakout on the upside or the...

GlenGoodman Updated 

Away from the action on BTC and the S&P500, I'm making big profits on hidden gems, like this UK stock. A classic TA inverse head and shoulders setup! Straight out of the dusty textbooks. Strong volume on the left shoulder and weak volume on the right shoulder, just as it should be. I bought just above the breakout line. The breakout is clean, retests to a perfect...

GlenGoodman Updated 

Bitcoin's pattern is not clear. Anyone who says the April pattern is clear, is...well...wrong. These are the four main classical charting interpretations. I have a bullish bias because I think the upward-sloping bullish flag fits the pattern best. The bearish head and shoulders is sketchy, I don't find it altogether convincing...yet. It may develop further and...

GlenGoodman

Suddenly Bitcoin's breaking away from all the other major cryptos. They're sliding, Bitcoin's still just about holding its ground. Why? The only reasonable explanation is that Bitcoin has just made a golden cross for the first time since 2015. In other words, the 50-day moving average has crossed upwards through the 200-day moving average. Some traders see this...

GlenGoodman Updated 

Two of the predictions in my previous post were bullish triangle and bullish sloping flag. But it looks like BOTH of these are correct. The price broke out above the triangle's horizontal line, but has now found resistance at the top line of the sloping flag. Short term swing traders should SELL at this point. Long-term hodlers can take comfort that the flag is...

GlenGoodman Updated 

I love it when we get a nice fractal. Bitcoin has formed a bullish flag pattern in recent weeks, and it's still fighting resistance, trying to break out upwards. But today, it's formed a mini-flag pattern within the big flag pattern. Both the big flag and the little flag are bullish patterns, though as always, remember that bullish patterns only resolve upwards...

GlenGoodman

Everyone is saying BNB has risen enough and needs a correction. Perhaps they're right - the resistance at the all-time-high is indeed strong, and my finger is still hovering over the sell button. BUT, as with Bitcoin, Ethereum, Ripple and so many others in 2017, reaching an ATH is sometimes just the beginning. Markets are held back by 'overhead supply' from people...

GlenGoodman Updated 

Parabola = Danger. This warning is for anyone thinking of FOMO-buying at this late stage. Remember how Bitcoin went parabolic in late 2017? Remember how I warned about this in a Facebook post on December 24 2017? No? Well then you should have been following me ;-) The point is, parabolas are always danger signs towards the end of a trend. BNB is nearly at its...

GlenGoodman

Today Binance announced they're taking on Ethereum! Binance Coin (BNBUSDT) will move off ethereum and onto its own Binance chain. This is massive. Binance, the world's biggest exchange, has the power to 'encourage' other projects to use Binance Chain instead of Ethereum to host their blockchains. If Binance boss Changpeng Zhao continues to play a clever game, he...

GlenGoodman

Ethereum is being pressured by two opposing forces. The breakout upwards from the blue triangle created a strong support line (the horizontal blue line), but it quickly encountered strong resistance at the level of the dotted blue line. This was the point at which Ethereum broke downwards last November. Now it has formed a Head & Shoulders pattern which would...

GlenGoodman

Hi everyone, this is my first post here but the TradingView bosses gave me permission to use their charts throughout my new book - The Crypto Trader - which is now on Amazon for pre-orders (released by financial publisher Harriman House on 20th May). For my first published Idea, I wanted to find out which of the macro-cap cryptos have been showing the most...