Dan_Wang

Dan_Wang Updated 

previous resistance becomes support, 0.618 Level acting like support, wedge pattern (high possibility reversal )

Dan_Wang Updated 

I am considering the bearish case for BTC in the next couple of weeks. If 20EMA weekly can not hold, I am looking at the bearish head and shoulder pattern. Be ready.

Dan_Wang Updated 

lots of wedge top and bottom pattern. You can make a lot of money buy and sell in the trading range. Or you chase the trades and can lose a lot of money.

Dan_Wang Updated 

BTC has been sideway for more than a month now, I defined this price action as a re-accumulation phase, lots of up and down and shakeout movements, newbies need to be careful to trade. Now, for the daily chart, I am paying close attention to this rising wedge pattern( bearish signal), if it breaks down, we may have one more leg before grinding up. So be...

Dan_Wang

I guess the bottom is in for now, I will expect more sideway price actions before finally break the all time high. I am looking for a buy opportunity if we have another leg down to trick both the bull and bear.

Dan_Wang

If we close daily with bullish candle such as engulfing or pin bar, we have a higher probability to reverse the trend, then we might have another leg down to print the double bottom pattern.

Dan_Wang Updated 

Be patient and wait for the double bottom higher low to form and then I can long from there.

Dan_Wang

500% upside potential if we can break the neck line.

Dan_Wang

The bottom is in, time to reach the $100,000 and $300,000. If I have more cash I will buy, unfortunately, I don't have any left for crypto investment. Don't want to put everything in one basket.

Dan_Wang

I listed 3 scenarios for ETH to play out in the next few days, if we break below the 2 key support, we will head back down more. But personally , I think we will bounce from current level here. Meaning more sideways actions then slowly grinding upwards. Tips: below $2000 is a gift to you. Mark my words.

Dan_Wang

The target price is around 45 dollars if we break the previous high 27 dollars. Welcome to the altcoin season.

Dan_Wang Updated 

40% of my portfolio is in ETH/USD, and I am looking to add more this time. The reason? We are now retracing back to the 50% fib level and you can see there was support at that level as well, if the candlestick pattern is bullish( such as double bottom) , I will add shares. If we break below the green zone, I will add share at the next support level, IMO, it...

Dan_Wang

Higher time frame still in bull trend. currently in bull flag channel, could bounce from here but can we print a double bottom? Break below the red zone is not good news. let's be patient

Dan_Wang Updated 

So far I am still bullish for Bitcoin until we break the green support line. As you can see we could form another wedge bull flag like the previous 2 corrections. It's funny that last week, YouTubers are all bullish, now if you open their channel, they seem bearish and concerned. I simply don't blindly follow them, I use my own judgment based on what shows...

Dan_Wang Updated 

Bitcoin consistently suprise traders and investors. Last week we had a sell off and sentiment are bearish, and might reach the local top. But as you can see, bitcoin daily is in a rising wedge patten, which typically is a bearish signal if it breaks down the lower trendline. Then sideways movements are expected. On the other hands, if we keep going up and break...

Dan_Wang

BTC is forming another bullish patten, inverse head and shoulder. If you checked my last post, it follows my prediction 100%, I will stay bullish until we see acceleration and take profits along the way. Cheers to people who followed my trades.

Dan_Wang Updated 

2 levels to watch, 44834 and 41291 are the levels I will keep a close eye on it. I don't think bitcoin will drop to 0.618 but I could be wrong. For now, my plan is to see the price action, look for the double bottom and big green candle close on its high will increase our chance for the reversal. Keep calm and patient.

Dan_Wang Updated 

Congrats if you followed my last trade idea, both of my BTC and ETH trades are going exactly what I expected. Let's take a look at what is BTC doing right now. Clearly, it has been trading in a tide bull channel for more than 2 weeks. It is a very bullish sign to me -- 1. break upper channel could accelerate the price appreciation 2. break down the channel could...