FOXofLA

FOXofLA

Hello traders, Let's get into it: 1. Yesterday's candle close was scary because bulls were in complete control as you can see the candle closed near the high which indicates strength. 2. Last week's candle is bullish as well and I wouldn't want to short this market. 3. We've already hit 0.27 extension target and we didn't see any selling interest. I will say we...

FOXofLA

Hello traders, Here's my long term bias for BTC, Everything is clear on the chart so no further explanation is needed. Please give it a like and share if you find value.

FOXofLA

Hello guys, I just wanted to share my long term view on the market. as you may know my last analysis was a bingo and we closed our positions at 7700 area. from here it will be all consolidation. Hope you get the most out of the market, Long term view is the most important. here is my last analysis which treated us greatly!

FOXofLA

HELLO GUYS: WEEKLY CHART : - We have many very long wick candles rejecting the 14k resistance! - Double Top, notice how the bullish volume for the second peak was decreased! - Rare weekly bearish divergence! very important one. DAILY CHART: - We've been consolidating in this descending triangle. - We've broken and retested the red trendline shown on the...

FOXofLA Updated 

Hello fellow traders, Remember, Always keep it simple! Funny similarities with the Dec 2017 Drop! - Break of the market structure - %50 Fibonacci retracement, as you already know we usually get %50 fibonacci with break of the market structure! Monitor the 11K level because it is our %50 Fibonacci retracement level. Any sign of decline, we'll short...

FOXofLA Updated 

Hello fellow traders, First of hope you guys caught that drop! Ok, Let's start. I've spared the lower time frames for now, looking at the bigger picture. You can see we've been forming an ascending channel since Feb 8 and it pretty much has been holding so far. The bottom line of the channel/"Strong trendline" and I expect it to hold and bounce off of it to the...