This is very critical for BTC. If the 1H can maintain momentum to the upside I am going to be looking for trades and to re-enter this market. If it can't.... BTC might just be heading for another big move down.
I am looking for BTC to break 51k to get out of the 12H downtrend. I have not been trading this market for the last few weeks as it has been so messy and uncertain. We are coming up to a critical point now and I am ready to get back on the charts.
I am holding off on any trade at the moment on BTC and the whole market for that matter. It seems to be consolidating and waiting for another move. In which direction? This is quite unclear but should begin to play out soon. I will be looking to start with low timeframe trades - 15/30m - as we pick up momentum.
Most people don't know what the volume profile visible range is but it is very useful for understanding large spikes down and up in markets. Essentially it measures areas where, historically, there has been high and low levels of trading volume. The larger the yellow lines to the right the more volume in that price range. Usually low volume areas get sliced...
We have seen a large pullback on BTC with some huge moves to the downside. When we see this it is often followed by some consolidation, which this chart reflects. I am not trading until we see some trend, up or down. My sentiment is now very neutral. Manage your risk!!
The 4H on BTC forms an uptrend and some strength returns to the market. The MACD is also showing strong signs of reversal to the upside. I will be keeping a very close eye on lower timeframes for BTC and looking for trades on the 15m/30m. Manage your risk!
BTC will bounce but when and will it be strong enough? BTC looks like it might be setting up for a reversal but what kind of price action am I looking for? I want to see a break of 60k to reverse this 4H downtrend and then I will be looking for trades to the upside!!
Honestly, if someone tells you they know exactly what BTC will do next, they don't. But, we can definitely have a look at different timeframes to get a better idea: 1W - Uptrend and momentum on the macro scale. Decent pullback occurring, which is healthy and normal 1D - Downtrend on the daily 4H - No trend so messy and unclear Most likely, BTC will move...
I am looking to pick up a short on BTC on the 30m chart. We have a clear solid downtrend and it will be a nice hedge for anyone with a crypto portfolio. If this candle closes red I will be looking to enter on the break downwards with a 0.8% stop loss. This one is tight but I am still bullish on the macro scale. Manage your risk.
Most traders are too impatient. They think that they should always be able to trade and just need one more indicator to show them how..... BTC has this messy sideways action going on and is trading between by orange channel, as shown. I am waiting for it to break up or down before I am even considering any trades. I will keep you posted ;)
For now, not at all. Let's step back to the weekly and we can see a lovely uptrend with the MACD also looking very strong. I wouldn't be surprised for this to be a base to start moving forward, but am also ready for a pullback to $54k. I will be looking for shorts on the 15m / 30m if we break down below $58k
If SOL can build into this resistance I will be looking for a trade on the break!! The daily and larger timeframes are looking v strong.
We spoke about this before and here we can see another example of traditional markets having a pullback over the last week and brining BTC down with them. (If your wondering why BTC has more candles it's because traditional markets close on the weekends) So what do we want to see? If traditional markets can push to ATH, BTC will be set to follow and I will be...
When markets move big, like we can see in this recent BTC move of 9%, it is very normal for them to do the opposite of what people think. Everyone is screaming "It will bounce!!" or "It will go lower!" But in reality we must stick to our trading rules. Range expansion leads to range contraction (and vice versa). Therefore, it is likely we will see sideways...
ADA is looking strong on the weekly with clear higher highs (HH) and higher lows (HL). If we can start moving higher to create another HL and break ATHs, I think we will be see $4-$5 dollars very quickly.
BTC is off the table for me at the moment. Horrible price action. I have come out of all my short term trades (including alts) and am waiting for some more stability. Too choppy and looks like manipulation. Crypto is great but you must manage your risk and know when to sit on your hands!!
Time for another key crypto tip! Traditional markets! Watch them because they have a much greater affect on crypto movement than you may think 😲 From this example, we can see 3 crashes in traditional markets that correlate to that in crypto. This does not mean that every dip will take crypto down but I have seen it time and time again act as a catalyst to take...
0.1766 is the point I am watching, I will be getting in an order to pick up some VET at this point. BTC is strong and VET looks ready to make some moves. Manage your risk, this is crypto ;)