the Altcoin market excluding BTC is forming a "w" pattern on the daily chart. If it forms out, we could have some fun in the altcoin market;) My favorite alts are : VET, ENJ, NULS, WABI . The all have really good fundamentals! *no financial advise
My TA along with this very important chart tells me that a squeeze down is imminent. Don't follow the herd off the cliff... Get ready to ride this Whale fin down.
This is just another reason I'm adding to my short position. I think the exchanges are stacking the longs just to squeeze through this heavy resistance zone. Check out the attached chart for a better understanding of what I mean.
What are your thoughts around the current price? If we break the low of yesterday's candle I can see a move lower. That being said, Bitcoin has a mind of its own. As a trader I just stick to my rules, I try not to think but act upon the checklists I work from. If it breaks higher (which I would love) then the option for today to short is lost. It's hard but as...
I think this area is pretty strong contender of a bounce though. Multiple lines of confluence, if you take a moment and check my previous posts from today. You will get it. I'm scared but long.
Any rebound should be short, at macro levels we are in a bear market at the moment.
Hi, This sideways movement starts to become pretty boring. I haven't seen a while good trading opportunities with Bitcoin. I want to keep my followers updated but I just cannot see a point to do that if there is nothing interesting. I looked at it from one angle, I looked at it from another angle and the result is in front of you. The most likely scenario would...
The price is above its breakdown of the bearish channel in 1D. The price has had a good reaction with a bullish engulfing in 4H. That's why I think we will look for the top of the price close to 10k.
Bull Trap Bitcoin Still Poised for 6300 after breaking major support levels around 7800. A trendline retest was expected before continuing lower. The manipulative spike upwards doesn't validate bullishness until breaking resistance at 9300.
BTC to 6,300 or 11,000 depending on behavior outside of breaking support or resistance. Trend line retest before continuing onward.
Hi, I would like to share my most recent analysis of BTC/USD. Hope this helps you identify some strong areas, directions, danger zones, etc. Let's start from the Weekly timeframe(TF). The orange line is Weekly EMA50. Four weeks in the row it has held the price and last two weeks the price has got tiny rejections upwards of it. Plus, there is the round number...
Hi, I would like to make a quick post about the current action on the Bitcoin chart. Actually, this is a pretty risky short-term buy opportunity but I would like to mention it anyway. Risky, because I don't really like the price action in the previous 4-5 days. It has been really bouncy and actually only the visual thinking helped me to make some profits today to...
So we can see a falling wedge on btc dominance, which was unphased by the btc dump - seems strong. this tells me it's possible we remain in this wedge and retest a double bottom at 68.25 or below. A bitcoin pump can cause a bull break, but for now as long as dominace remains inside this wedge, alts will continue to grow nicely. But beware, Bitcoin can rekt...
Time to short? Check out some of my other charts for targets...
BTC - potential shapes of technical analysis figures depending on the breakout / price retention levels. A huge symmetrical triangle - a bear measured move - Triple top - Inverted Dragon. BTC / USD 1 week. I will write the zone algorithm and what will be drawn on the chart depending on the retention / penetration of a certain zone and...
Updated support and resistance levels. Good luck everyone!
Updated support and resistance levels for BTC. Good luck everyone!