AndrewEDavis

AndrewEDavis Updated 

There's a high change that Bitcoin has topped out for the moment... ⚠️ (Max ~80k) but this doesn't mean we'll experience a long Down-Trend. 📉 (Based off my chart drawn since early 2023 - Recently stacked +1 additional Blue & Orange Channel.) We could be in the middle of a big Bull-Run. 🚀 but some Consolidation and Pullbacks, is always needed, and healthy. 👌 ...

AndrewEDavis Updated 

If you've followed me for some time, you'll know that I'm one of the very few TA who NEVER recommended to Buy + Hold BTC / Altcoins all these past months. In fact, I only maintained ONE BTC market wave count for months, which is where we drop below 6k. I had NO "2nd scenario Bull count", no backup chart, in case things went the other way. (For a better...

AndrewEDavis

My main BTC count still not invalidated yet... Anyone remember that I posted this over a month ago? The unfortunate thing is... for the past few days, the only realistic wave count I kept seeing was this (2nd, white chart). I was seeing a potential wave 1 & 2 completed, with wave 3 just started: (BitMex version of chart) However... I didn't stick to...

AndrewEDavis

My main BTC count still not invalidated yet... Anyone remember that I posted this over a month ago? The unfortunate thing is... for the past few days, the only realistic wave count I kept seeing was this (2nd, white chart). I was seeing a potential wave 1 & 2 completed, with wave 3 just started: However... I didn't stick to my idea, with many reputable...

AndrewEDavis Updated 

There's a BTC count I've been noticing for some time now, that doesn't look very nice... It doesn't seem to be invalidated yet. I'd much prefer share happy, Bullish views... but even apart from this count, there are things I see that suggest BTC's correction may not be over. I thought I should share this correctional wave count by now, so at least if we happen to...

AndrewEDavis Updated 

BTC is at a breaking point, fast movement may come some time soon. It does seem more likely to break DOWN, to me. Dropping below 6400, makes 6200-6000 likely. A flash pump to/above ~6800 invalidates this. (Sorry for my long absence, I plan to resume being active & more consistent soon)

AndrewEDavis Updated 

Bitcoin's price appears to have followed the path suggested in my last post/chart (see my previous chart below to compare). (Moving my updates to this new post) I hope you've all had a safe and profitable weekend! Follow me on Twitter for faster updates and additional commentary: @AndrewEDavis (I'll likely be quite busy/away again for some times this...

AndrewEDavis Updated 

Bitcoin is still moving within the channel I outlined in my last post. Mentioned $BTC may already be on "5th wave up"; we seem to have more confirmation of that. Longs/Buys laddered between 7650 to 7500 for any sharp drops seem like a decent Risk/Reward. Stay cautious, lots of Traps and Stop-Hunting.

AndrewEDavis Updated 

Hello all, If you've followed me for a while, you may have noticed that my calls/analysis have mostly been very accurate with consistency . I usually focus on intra-day targets rather than long-term view. Since I've recently been asked a lot "What do I think is Bitcoin's bottom" , I've decided to have a look into this. At the moment, I believe that Bitcoin's...

AndrewEDavis Updated 

Unless Bitcoin gets very strong buy volume soon to push out of this down-trend, this is the likely price movement I see happening over the next ~12 hours. $BTC to: 7015 > 7160 > 6940 There's a likely chance of up-trend after this. For more regular updates, follow me on Twitter: @AndrewEDavis

AndrewEDavis Updated 

This is my rough idea of how Bitcoin may move over the coming days. BTC may likely move generally sideways (up and down a bit) between the ~7950 & ~7420 ranges for the next 6-8 days, then make a decision to either propel upward, or fall further down to ~7000 before taking off upward again.

AndrewEDavis Updated 

ZCash didn't fair too well in the past few hours, Bitcoin's heavy drop today likely didn't help. As I mentioned, I haven't followed ZEC much before, nor did detailed analysis. Please do additional research. Observing it more closely however, it's BTC/ZEC pair seems to constantly find support across that orange trend line. It may now be a better buy opportunity...

AndrewEDavis Updated 

ZCash / ZEC "Potential" ~35% profit opportunity. ZCash is to be listed on the Gemini Exchange today (up 3% since my Twitter post 1 hour ago). Please note, this isn't a coin I've followed very closely, however, recently it has been doing it's own thing instead of moving with BTC's price. The analysis seems to make sense that it has completed correcting, and about...

AndrewEDavis Updated 

My thoughts on how the next 24hrs play out for Bitcoin. If price doesn't jump here soon (which I now less likely believe will happen), we should have a lot more correction to complete (down to ~8350), before another wave up to ~8650. Do note that mostly all of my recent calls/targets have been spot on. I update more frequently on Twitter than on...

AndrewEDavis Updated 

In my previous post, said I'd only consider re-entering BTC/Alts "if it pulled back to ~8150 first" (before getting to 8315 target). It did exactly that, shot up after retracing to 8150. I just didn't expect overshoot to 8400. I will update with proper wave count and next targets after this settles a bit.

AndrewEDavis Updated 

Bitcoin is approaching the apex of a major month's old support line and its current (2 days) channel. Zoom out and you can notice that this support/resistance line has been significant at least since March month. The next few hours is significant and should decide our next direction.

AndrewEDavis Updated 

BTC drop to 8600-8400 range first is more likely (but price could start moving off here too). BTC then still has heavy upper resistance to break at the 8800-9000 region. Note: I've been maintaining very accurate predictions for the most part. I however do not post on TradingView very often again. Recently I've been posing my TA/Charts on Twitter: @AndrewEDavis

AndrewEDavis Updated 

My main count for wave-4 of this large impulse wave down is that of a 3-3-5 Flat Correction. My alternate count is that of a 3-3-3-3-3- Symmetrical Triangle . I'll set downside targets after more confirmation. (Alt Count)