I am seeing signs of a retrace now. we have failed again to break through the supply zone, forming a double top. I think we will see a bounce around at the 1st demand zone before potentially breaking down to the second zone XBT 4hr
LTC has been in a downwards trend for quiet sometime now. I am currently watching this current demand block. if we break though it we should see a move down to the next demand zone or even a touch and bounce off it. that's when I will be looking for longs. no trade just yet. if we tweezer bottom off the support then I will be looking for longs after a break in...
a few minor changes from yesterdays chart, today we broke out of the consolidation zone in a bearish move but the bulls came back and stopped the price getting through the demand zone. also lines up with the 61.8 on fibs I am thinking we are going back up to try and break that resistance level once more. XBTUSD 4hr
XBT looking very indecisive as we move slowly through this current consolidation zone. I am waiting for a retest at resistance to see if we can create new market structure. XBT 4HR
still in the consolidation zone after the weekends drop. In my opinion we bounce around in this zone for a few days before we see another move Current direction is up however trend bias is still bearish. XBTUSD 4hr Let me know your thoughts
BTC/USD (Update) Bitcoin Has been Moving Inside the Ascending Channel & Facing EMA100 In 8h Chart. Now There Are Two Possible Scenarios!! 1- If Bulls Lost the MA50 & Channel Broken down, then It Might Crash Hard towards 4.8k Support. 2- if Bulls Clear the EMA100, then It Might Test 8k Area. (Major Resistance) Please like the idea for Support &...
XBT has tried to break that key level of resistance multiple times now, the more times it is rejected the weaker it gets. after a quick spike up to 7300 last night we still closed below that resistance level. yesterday we broke the supply zone so you will see I have made the new supply zone which is at high 7's at this stage in my opinion if we close above res we...
simple chart on consolidation zones Still up and down in this zone however looks like some bullish activity is happening as we try to get back up to that supply zone Trend Bias is bullish 1hr chart Don't forget to follow me guys
An almost immediate bounce out of the supply zone yesterday indicates buyers are still in control No trade zone yet waiting for more conformation. Looks to me like this could be a temporary consolidation zone. before we head back up to supply 1hr chart XBTUSD love to hear you thoughts guys. follow me for more Bitmex TA linktr.ee/tennillewalsh
When charting (TA), we look at multiple timeframes and each timeframe has its own meaning and tendencies. Bitcoin (XBTUSD) can look bullish short-term, 1H timeframe while looking bearish long-term, weekly (W) timeframe, as an example. Charts are always changing... This is something to keep in mind. The 1H (short-term) chart can look bullish and strong at one...
Okay so I have not paid too much attention to this in the past but just how fast does the RSI reset itself after a run into overbought territory? Well here is a good example of a comparison that can help us understand that the RSI does not necessarily have to drop with the candles and vice versa. The RSI went down a lot during a pretty flat area in price...
I have been watching the price movement of bitcoin and I consider a possibility that the current price action is a very rare pattern of the terminal impulse, which consists of 5 waves, but waves of a smaller degree form the 3-3-3-3-3 pattern. This is not 100% true until it is completed, and serious trading decisions should not be made on this basis. However, I...
Presented is the Bitcoin Dominance Chart. We've since reached target of the major Broadening Descending Wedge it was on which granted many moon seasons pre 2019. I have marked all major resistances and supports, Fibs from the ATH to ATL. And then Fibs from the ATL to the current high of 2019-2020. Moving forward, these levels should be heavily respected, along...
Trading isn't easy, that is for sure. Of course the setups all seem easy on paper but when it comes to putting your money on the line IRL there are many traps. This is why risk managment and not going "all in" is so important. You must survive to profit. P.S. Thank you to all my long time followers and interacters. You guys have seen me at my heights and at my...
Hello again. I am just being observant this a.m. and looking at these dojis on the 1hr. This method is not perfect but I use it often. When I see a doji (like the ones indicated) and the doji is at the top of an uptrend or downtrend I will often take a position. I can not tell you I have won every time I do but I would put my win/loss ratio to 75% win - 25% loss....
If you would like to see how the XBT 2-hour Golden Algorithm performed in the bull run to 20k BTC then have a watch of this video. If you want access to the algorithm go to bikinibotcrypto.com
The market still has no direction, so no effort to prejudge what point entry, I see is the right signal, break through ma18 again, otherwise wait for macd to form a long trend. Talking about some of the logic of trading today, which I've repeatedly stressed before, analysis and trading are two levels of things. A lot of people always say they want to make money,...
We are now in 4th wave of bear market.