DealerBTC

DealerBTC

The price did respond negatively at 14:00 as I had anticipated. I believe a frontrun is in play by the bears. The price has broken below the blue 1/1 from the pivot low = less bullish. Until it breaks below the 3/1, I will anticipate a bounce. Ideally, before 17:00 I would like a bounce to short. 17:00, in my opinion, is the go signal for bears. A wick up will...

DealerBTC

I believe January 3, 2020 UTC is a red day, but the bears will frontrun the market today at around 14:00 UTC. I am waiting until 1. 10:00 and then 2. 14:00 to evaluate and determine my next trade. I believe that the more time the price spends between 7121 and 7070, the more bearish it is. However, this does not rule out the possibility of a pump. I am...

DealerBTC

I believe BTC has a chace to move up towards 7300 from here. At that point it may have upside towards 7400-7600. However, it will depend on the strength of the move / strength of the wick lol. If it moves up from here, the move will peak around 10:00-14:00 UTC. Around 14:00 UTC is likely a good time to look for a short entry that may continue into January 3. Until...

DealerBTC

I believe the bulls have until 21:30 - 23:30 to make a move before a correction. A correction of some sort is most likely to begin around this time. Gann Fan support is currently near 7185, but falling a level lower on the fan would likely send it even lower than that. (Brice is bullish above the Blue. Less bullish above the Red. (It becomes less bullish and more...

DealerBTC Updated 

PUMP

DealerBTC

Update: Idea in play. Recap: "If 30 min candle bodies continue to close above 7177 = 150-250 points up from here. Confirmation would be 7220 turning into 30 minute candle body support 7347 would be first, followed by a correction down to 7255, before a run up to 7500-7600. Could happen faster."

DealerBTC

If 30 min candle bodies continue to close above 7177 = 150-250 points up from here. Confirmation would be 7220 turning into 30 minute candle body support 7347 would be first, followed by a correction down to 7255, before a run up to 7500-7600. Could happen faster!

DealerBTC

Update to my previous idea: IF 7121 CAN HOLD, THIS COULD BOUNCE BACK UP TO 7500-7600 Minor S/R: Support: 7144, 7135, 7121 Resistance: 7170, 7181, 7200 If it can get support above 7186, and then break above 7300, look out for 7500-7600

DealerBTC

Update to my previous idea. IT IS IN PLAY. Bears are trying to steal the show. RESISTANCE: 7264 Below 7200 = 7125 Below 7125 = 7084 Below 7084 = 6900 Below 6900 = 6861 Below 6861 = 6820 Below 6820 = 6664 That should be enough for now. Ideally, for me, I’d like the price to move to the right and fall off the fan, make a new lower pivot low before attempting a...

DealerBTC

What happens when the DAILY CANDLE gets rejected at 7372? You get a BIG dump. 80% Bitcoin goes to 6400 from here.

DealerBTC

This is a lower t.f update. Update to my previous idea, with a better chart view. I'm still short. The price is currently nearing the 8/1 Gann Fan line from the recent pivot low. A break of this line, would send it lower to 7100-6900. I am still short. As of right now 7400 is resistance and 7319 is a WICK ZONE. Recap of previous idea: "This is a lower t.f /...

DealerBTC

This is a lower t.f / higher t.f update. I am still in the same short. The resistance (7445) did hold and reject the price. Here’s what’s next: Below 7300 = 7268 Below 7368 = 7200 Below 7200 = 7125 Below 7125 = 7084 Below 7084 = 6900 Below 6900 = 6861 Below 6861 = 6820 Below 6820 = 6664 That should be enough for now. And as I said earlier: Resistance:...

DealerBTC

LOWER T.F UPDATE. Update to my previous idea: it is now in play. Why: The red 2/1 is breaking as support. Recap of previous idea: "Look, if you know the support and resistance , understand your risk, and are in your zone, there is no fear. Here’s the next lower t.f play: Next move: I believe that until the price breaks below the red 2/1 it can bounce, wick, or...

DealerBTC

Look, if you know the support and resistance, understand your risk, and are in your zone, there is no fear. Here’s the next lower t.f play: Next move: I believe that until the price breaks below the red 2/1 it can bounce, wick, or sideways chop. The price has just made a lower local high. If it holds, I will anticipate the possibility of it making a lower local...

DealerBTC

Wow did I call that perfectly? Yes! Now, here's what I believe is next. The price has broken below the blue 1/1 support line. It had a nice leg up, which I believe is over now. It is most likely headed towards support near 7084. Let's take this one step at a time.

DealerBTC

Next resistances: 7268, 7445. Failure to get support above 7445 = failed mission by the bulls. Break of the Blue 1/1 line = big blow to bulls and likely down move coming, so watch the blue 1/1 (CIRCLED AND POINTED TO IN BRIGHT BLUE) Over 7445 = 7811 Below 7084 = 6861 In between = range I'm glad to be here with you guys. Let's get this money!

DealerBTC

Updating based on the one minute got a little tiring and redundant. Let’s simplify it: Over 7445 = 7811 Below 7084 = 6861 In between = range The lower timeframe (5 minute) is oversold. I believe the worst is more likely over than not over. I am anticipating a move up to at least the 7400’s from here. I am still in my long position (day 4 now).

DealerBTC

This is an update to my previous ideas. As the price is moving to the right of the Gann Fan from the pivot highs, it is becoming more bullish. Support: 7125. Resistance: 7445. Everything in between support and resistance is just noise. Know yourself, know your trade, and know your risk. Summary: As I said: "Over 7.5 = 7.8 Over 7.8 = 9.9 Over 9.9 = 10.5. Over 10.5 = 11.2