Gl4diator

Gl4diator

I am back with updates. Bitcoin once again is within a quite important range (between Monthly and weekly PivotPoint, yellow and red), and also already once failed a breakout attempt. Tendency from here would be simply more down then up, knowing that this is not really tradable right now, due to the fact we all know Bitcoin has alot of surprising potential....

Gl4diator

The new monthly Pivot failed for now, which means the broadening wedge support comes nearer, keep a good eye on that, simply cause a breakdown can cause a major selloff. Area of big stop losses is within reach now. Always set stops, dyor, no financial advice.

Gl4diator

In case we close here, we will likely receive a new Pivot Monthly Support around $11k. This will be a crucial mark, where probably will be decided, if we see further (healthy) correcture in July. Don´t panic if it happens. First new bullish Target also set in place. Happy trading. *Always set stops. Dyor. No financial advice....

Gl4diator

If you look at these support / resistance lines, it becomes clear we have two trading ranges for today that gives us a total volatility of roughly 23%. Remember the month is soon over and leaving this area becomes more unlikely. We should see some sort of movement soonish (latest tomorrow) within this borders. Keep an eye on the break-levels (all red). Pivots are...

Gl4diator

Today´s important levels for Bitcoin at Bitfinex. You don´t always need a laser-tag full-filled chart analysis, this was pretty much what I was doing around $8k. Easy, but effective. *Always set stops. Dyor. No financial advice. ____________________________________________________________________________________________ BitMEX Ref-Link for 10% Fee Discount...

Gl4diator

Different technical analytic methods come to different conclusions. In my case there are a couple of reasons, why we have found resistance specifically here and why I think, we will likely be still volatile, but not break it up further before July: 1. Target 2 (Pivot R3) was hit AND yearly R1 2. Upper trendline of broadening wedge was reached 3. BTC extremely...

Gl4diator

Bitcoin is just hitting not only Target 2, also the broadening wedge upper trendline and nearly spiking to monthly R3. Without making any assumptions on further progress, this is nevertheless a wild ride on a market dominance of 67% still on the rise pointin g out it´s not yet time for altcoins. Even if we will find some sort of stabilization here, it doesn´t mean...

Gl4diator

Bitcoin hitting yearly R1 Pivot today, when Bitfinex will have a prolonged downtime. Stay safe. twitter.com *Always set stops. Dyor. No financial advice. ____________________________________________________________________________________________ BitMEX Ref-Link for 10% Fee Discount the first 6 months: www.bitmex.com

Gl4diator

Following up the lately 3D targetting for BTC, the only thing that changed, a former resistance turns now support. Anything else stays as it is until our trading range is broken OR the new month starts and provides us new target structures regarding Pivot Points. The bearish broadening wedge, the possible Bump´nRun and the Leadline did not move nor been touched....

Gl4diator

This is a wild ride. Bitcoin has almost touched $11k and the next obvious Target is around $11.5k where a local high from 2018 and R2 monthly meet and greet. Looking at this I´d like to update on of my charts that you find attached. If this ride goes on it would not be surprising, that at one point we will head to the Leadline and produce a Bump´nRun. When this is...

Gl4diator

Following up yesterday´s "fragile" breakout, I have to say I did not 100% expect this targets are likely to be hit before a retrace. Bitcoin has been steadily bought back on every single bear attack, minor or major. Using words from couple of days ago: "There is some more room to rise". The upper trendline resistance is within reach, only being restricted by the...

Gl4diator

I am aware that the majority of people that I follow on Twitter and TradingView see all this as super bullish, and I don´t really see (technically) why. I know Bitcoin is well famous for breaking up those kinds of situations, technically I have to say we are still within a difficult "Make it or break it" scenario, where there is a good chance left, we certainly...

Gl4diator

The daily depends strongly on the recently posted 4h. There is a good chance we could reach the Daily Leadline if the 4h breaks down. In worst case the strong monthly Pivot will come back into the picture. The last Daily close does not look super encouraging, but let´s wait and see, it will be invalidated by a close above it´s open yesterday. Always set stops....

Gl4diator

Yesterday and today has been a pretty tough fight for Bitcoin to defend the $9k against the bears, that indeed do seem to get a little more stubborn at this point. For those who are long since early $8ks and like swing trading: Think about tightening stops as this can truly go either way, the leadline is weakened and got holes. Trading between these levels is...

Gl4diator

It´s easy, this can go entirely both ways. We have a typical if then situation. It´s important to make a plan for both ways, or if you are already in a trade, adjust your strategy if necessary. If we break down, we still have the weekly Pivot ($8.6k) as catch-point, if we break up, we quickly could see something between $9.7k and $12.6k. Always set stops. Dyor....

Gl4diator

After the expected local low at the June´s Pivot Point we made the clear way up after breaking the mentioned are around $8k and have for now overcome the resistance of the former top, heading now towards Monthly R1 Pivot. There are unfortunately a couple of options, due to the fact, we are still sitting on a bearish rising broadening wedge, the chance it breaks...

Gl4diator

Bitcoin No-Trade-Zone, simple unless one of those levels (8017$ or Pivot) does get minimum broken and retested on the 4h.

Gl4diator

A double bottom on a strong P-Pivot support-level and also on different stronger trend-/leadlines is generally a good sign, I remain neutral until we at least broke the leadline on 4h. (red) On Bitfinex the 3D-Trendline is defended for now and JUST not broke down as the others did the same.