jurlvarg

jurlvarg Updated 

Hi traders, as we can see, Bitcoin has been trading sideways for almost a week now, with a few spikes up as an exception. Each move above the resistance has been followed by a dump back into the zone, which tells me something is about to happen. The resistance has been tested for quite a few times and, contrary to what many people still think, the more it gets...

jurlvarg Updated 

Hi Traders, On the short term, I see an Ascending Triangle (Bullish), so we might see a small breakout soon. This is why I'm Long on short term. I don't expect a huge move up (yet), so I will be happy with small profit. If you should follow my chart, don't forget your Stop Loss and take profit in time. On the longer term I still remain Bearish though, as shown in...

jurlvarg

This is a purely Pivot Points based Trend Line analysis of Bitcoin on the Daily Chart. In my opinion, we have a Bearish Continuation Symmetrical Triangle. Expecting a price drop in the next days (weeks?). Eager to hear your opinions! Don't use this as standalone strategy. Combine this with your favourite indicators to get confirmations. This is not...

jurlvarg Updated 

Hi Traders, here are some Key Levels I'm currently watching, based on most recent price action and Pivot Points. I'm entering a Short Scalp with current target at the 1H Support Area. Price action on that Area will dictate if I will add to my position or exit. Don't use this as standalone strategy. Combine this with your favourite indicators to get...

jurlvarg Updated 

Hi traders, I just opened the charts and I saw Bitcoin making a bounce from both the 1H Support Area and the 1H Trendline. I opened a long position and will keep riding the uptrend line until my next Area of Interest around 10800, unless I get signals the Trend is about to reverse. In that case I will update this post. Any comments and advice always welcome! ...

jurlvarg Updated 

Hi traders, I entered a Short position with a tight Stop Loss, since we bounced back from the 4H Resistance (Sep 04, 2020). I'm keeping a close eye on the 1H uptrend line. If we break that one, I will add to my position. Don't use this as standalone strategy. Combine this with your favourite indicators to get confirmations. This is not financial advice,...

jurlvarg

Well, it seems my Bearish Pennant theory didn't really hold. However, I'm still not bullish. We can still have a reversal from the Sep 4, 2020 Resistance zone, which is what I expect honestly. Any comments and advice always welcome! Don't use this as standalone strategy. Combine this with your favourite indicators to get confirmations. This is not...

jurlvarg

I could be totally wrong here, but this could be a Bearish Continuation Pattern. Retesting the dashed 4H trend line? Please let me know if you agree or disagree. Thanks! Don't use this as standalone strategy. Combine this with your favourite indicators to get confirmations. This is not financial advice, but meant for educational purposes. As always, Do...

jurlvarg Updated 

Not much to say. If we hold support (the grey square), I will enter a Long Trade with a pretty tight stop-loss that will be moved according to how this setup plays out. As always: Don't use this as standalone strategy. Combine this with your favourite indicators to get confirmations. This is not financial advice, but meant for educational purposes. As...

jurlvarg

Hi all. As it's been a long time since I published anything, I decided to start with a fresh start. Based on 4H pivots, these are the levels I am watching. Also note the 4H uptrend line which may become important. At this moment, I am not in a trade. When I enter one, or when a significant change happens, I will update this chart. I would love to hear your...

jurlvarg

Based on the info provided on my previous posts, if you want to scalp: go for it. Target 1: 7960 Target 2: 8030 Target 3: 8150

jurlvarg Updated 

Hi traders, as you can see, not much changed since my previous post. Our 4H Pivot Point based Support and Resistance lines have now become zones, which makes a lot more sense. This is always the case, I just needed time to get the confirmation on how to draw the zones exactly. We have new Pivot Points now, so here they are. On this chart, I'm still feeling...

jurlvarg Updated 

I'm watching this very closely. If you watched my previous posts, you know why :-)

jurlvarg

Hi traders, before bedtime, I cleaned up my chart and only kept what seems relevant to me at this moment. The Support / Resistance zones are pretty much self explanatory and the blue Downtrend Line is based on 2 Pivot High Points. Tomorrow I will start going in more detail on this chart and try to find out if we can find a possible entry for either long or short....

jurlvarg

is better than a trade with loss. Sometimes patience really is the key.

jurlvarg Updated 

While, for me, we are still in a no trading zone, I mapped some key levels that seem important to me and that I keep watching closely, waiting for the right moment to take an entry. Please let me know if my chart is clear enough and self explanatory enough, and if you agree or disagree :-) This is not financial advice, but meant for educational purposes. ...

jurlvarg Updated 

On the Daily Chart, we are about to retest the Uptrend Line based on 2 Pivot Points. Also note that we tested the Support Line based on the Leledc Exhaustion Bar. This Line was resistance in August 2018. Might be noteworthy. I'm not taking any trade now, just closely observing where we are heading.

jurlvarg Updated 

Hi all. As I don't know if the updates I posted on my previous post show up, I decided to just do a new one. I didn't change anything, the Pivot based support and resistance lines and the trendline based on 4H Pivot are still exactly the same. I added red arrows on the Pivot High Points to show why I draw the lines the way I do. Yesterday I used the 4H chart to...