Ripple Continuation down from Descending Triangle
Been a few days since a BTC updates, so here it is. To be honest, as I previously mentioned, i was expecting a little more downside in BTC, so the pump today was a bit surprising, but for me to be fully on board a bull train, I need to see a break of the resistance area I mention in my video. I think it just makes sense. With that said, I'm staying out...
Here are my thoughts on BTC price for now. This is my primary count. Of course there are many other counts including bearish ones. Let me know if you agree or disagree.
Short video following up on two previous videos, which mentioned sub 9k and the 7k range and why i thought we would see BTC roll over and head down to those areas. Even though we are seeing a little run up on BTC this morning, I believe it's a bull trap and the 200EMA area will hold as solid resistance. That's not to say we wont see a run/spike up to low 11k,...
Howdy Yall! On this episode of The Trend we take a look at how an asset sets up a foundation for further moves. Its important to understand some of the psychology which applies to both traders and investors when evaluating an asset. Here we look at BTC and its current trading area along with historical trading area's for comparison. Several times throughout...
Very short video simply to mark a spot on my charts of when BTC is supposed to fall to like $7800. I came across a tweet that mentioned this and after clicking through tweet after tweet came across the orginal post. I think the guys name as Marcus Landom or something like that. Supposedly he's pretty accurate in his calls on cyrpto, so i thought I would...
As a follow up to my video (linked below) yesterday that mentioned a move below 9K, I thought I would explain a little more of why I think that will likely happen. I'm not a day trader per say, so most of my plays are based on longer term setups. While we had a nice run over the last week or so from roughly a low of 6k to almost 12k, I believe we'll see more...
Quick run through my charts this afternoon to see what price action is telling me. That be telling me "I WANT TO GO LOWER". From a weekly and daily perspective, I see some more downside ahead. The 4HR is my favorite chart and as today we managed to see price action break the 200EMA and not look back reaching the first red zone, i called the other day, so...
Follow up to my video from a day and half ago and price action did play out as expected. We saw a pull back to the 200EMA and bounce back up to rest recent highs of around $11,300ish. The main point of the video is to talk about how I determine targets based on trendline breaks and measuring those moves. Long term... looking like 25K is in play if what i...
Hey Guys... Quick updates on BTC/USD and my opinions on what price action is currently doing. So in my last video, I mentioned I thought we would hit the 11K mark and would likely see a pull back from this level. 11K was hit and we are now seeing that pull back shape up. The ? is how far back will price move. While price can always keep moving up, I do...
Hello Trading Maniacs Bitcoin is approaching the resistance line from the previous downtrend channel - Now, what to do? This video explains what will happen when we touch this line. The people who are still waiting for BTC to fall to 4000 soon, are the ones waiting for the Rolling Stones to make a comeback. Somethings just don't happen in the near future. (It...
BTC finishing out the week quite nicely... above 10k at the moment, which is overall positive for BTC in my opinion and hope that upward price action continues. However, in looking over some depth charts on exchanges, I think we'll see some decent selling pressure at the 11,000-11,300 are that may push price back down to 10k-9.5k before we see price action...
Howdy Yall! Today's episode is special in that its the first time we talk about any other asset other than BTC! We go over LSK and XLM in the short term, and we talk about the medium term for BTC. We do take a few moments to talk about short term trades with BTC; and how we should plan our attack for that. I'm not convinced today looks like a promising day for...
So we broke 10K today, which is very bullish in my opinion given that many look at that level as a physiological barrier (you know even round numbers and all). I mainly focus on the 4HR in this video, as this is the last chart price action has not yet clearly broken the 200EMA on. I do think that's about to happen, but we'll need to see over the next couple...
Howdy Yall, On this episode of The Trend I got started before doing any kind of study. This is a quick look at how I will make my first chart of the day. This is how I get going. This is the chart I mock-up and start to drive "idea's" off of. From there I look for trades. I write down my crazy idea's...and sometimes - especially when I really want to put...
Really quick video to follow up on my video earlier today. Nice close bullish on BTC today and seeing nice bullish candles on the 4HR. I believe the next key level to break will be 200EMA on 4HR to in general get price action above this level on all charts. Longer term, will like to see a break and close above the larger downard trendline i have on my charts.
First time looking at BTC today it's some what on the fly, but i do see positive signs within price action. I expect we might see a small pull back and overall feeling more and more bullish on BTC as time passes.