gasom

gasom

Bitcoin going below previous ATH has never been seen in its history. Yet, this does not rule out the act of impossibility in the financial market.

gasom

Bitcoin likely scenario using the using the accumulation, manipulation and distribution strategy.

gasom Updated 

Following a 50% drop from $69k ATH, Bitcoin resume its major deadcat bounce with a 20% increase so far. The market has multiply supply zones (S1, S2, S3) that needs to be invalidated before we change bias to Bullish. I will be looking at short opportunities on the major supply zones. There is no reason to long on short term at the moment. Analysis on price action...

gasom Updated 

Check the related idea below for initial analysis. We predicted price to approach Bitcoin resistance level at 58000$ zone in our last chart yesterday. Price has performed well up till now but our overall bias is still bearish until we have a clear Break of Structure above 59000$.

gasom

After the failed anticipated rally to new ATH, Bitcoin saw a consolidation after its first crash from 69000$ which lasted for couple of days. In second anticipation of bullish breakout from the range, bitcoin again disappointed the bulls with a breakout to the downside making a technical low around 53350$. As expected, a distribution always follow every...

gasom

Bitcoin price action is duly following the Daily and H4 structure. I am more interested in the weekly market structure as price on lower timeframes is just a short term play.

13:23

gasom

Support and Resistance is the basics of Technical Analysis. Getting to understand them as the concept of demand and supply will boost your Technical Skill. I will talk about Support and Resistance with Market Structure in the next video.

gasom

Market sentiment is bearish at the moment. We saw price broke the weekly market structure and made a temporary support at the level. Price gaining bullish momentum and pushing towards daily and 4H demand zone. Kindly refer to the chart and watch out for the noted levels.

gasom

Bitcoin finds temporary support at the R/S trendline on the weekly/daily timeframes. Bitcoin is likely to find its permanent support at the trendline as its a major level. However, we might get a wick down to the weekly low but price needs to be above the weekly low for overall bullish trend.

gasom

In the previous chart on Bitcoin, price was trapped in between zones. Few hours later price broke the range to the down side and found support on the daily demand zone. Any further crash in BTC price invalidating the daily demand zone can either be fakeout to take out liquidities or market reversal.

gasom

Bitcoin forming a macro range between major demand and supply zone. Price recently rejected from the ATH market structure break and presently heading towards the demand zone. Personally, price bouncing off the demand zone will be bullish for BTC and that will amplify its next rally to the upside. Price breaking the demand zone to the downside will be bearish for...

12:22

gasom

This video entails the two major ways to trade a trendline. The major ways are trend continuation and trend reversal. This video explained the basic approach to trading trendlines. There are more advanced approach you can use with trading trendline which confluence trading. Confluence means backing up your analysis with another technical analysis tool. Example;...

11:12

gasom

This video explain how to draw trendlines in a simple way. The next video on trendline will be on how to trade using trendlines. Kindly comment and give a thumb up button if you find this video educational.

gasom

Bitcoin made a recent correction and found support at 62k zone after hitting 69000 ATH. The retracement is healthy and it is expected that price make a bullish move into the new week.

gasom

Ethereum is likely to top out at the red trendline resistance. Watch out for price reaction on the level.

gasom

Price made a clear uptrend on the H4 timeframe and approached a valid resistance 1.26585. Price then failed to make a higher high resulting to bearish double top pattern. The break of the trendline will validate the trend change from and uptrend to a downtrend.

gasom

A H4 downtrend line breakout on EA is currently at strong resistance of 1.63995 level. A possible retest on resistance break or trend retest will be good for a swing long entry.

gasom

Price has been ranging within the 1.09889 and 1.07754 zone since the month of April. The range has formed successfully a bat pattern, an ascending triangle and a rectangle pattern. A butterfly pattern is forming shape which the price is heading toward the D leg of the butterfly pattern. However, if price breaks our key support area 1.07754, then a short to 1.06547...