LongLifeTrading

LongLifeTrading

As we've discussed in detail over our last few analysis episodes here on TradingView, Bitcoin did in fact look nice. All was strongly laid up for a big pump, but rather than graciously bouncing off the trampoline like an alpha, it slipped and broke its teeth and leg. Now, after the baby pool has reddened by blood, Bitcoin is back on the trampoline for a second...

LongLifeTrading

Last time we discussed the RSI buy signal on the 2-day graph. This happened at $37 640. This signal has long-since been stopped out. What many fail to notice is how these RSI strategies don't hold some mystique truth that no one else knows about. The buy and short signals have an average win rate of 30-35%, meaning that most signals in fact do get stopped...

LongLifeTrading

To those of you who know your RSI, we've just stumbled upon a massive buy signal. And to those of you who don't know your RSI like a guru, I advise you to watch the RSI trilogy. Basically, a clear close on the lower bullish red RSI line from above indicates a buy signal. That's precisely what we've gotten on the 2-day chart in Bitcoin (and if you cannot access...

LongLifeTrading

Our long-standing case in Bitcoin now needs some revision in terms of a technical update. First and foremost, and as anyone knows who’s followed me here on TradingView for some time now, you know I don’t do raw TA - and especially not when it comes to Bitcoin and crypto. No, I build cases. That’s why we land on our feet whilst most others crash and burn. So what...

LongLifeTrading

Bitcoin is on the fence and could literally go either way. Naturally, this doesn't aid us much in our position decision making. Yet, with the right technical clues we can make sure we enter when we face the highest probability of success in combination with the lowest level of risk. And that's precisely what we'll discuss in this week's analysis. Now, I could...

LongLifeTrading

Bitcoin is rangebound. This is the prime technical case we've been working on over the last weeks. It has blown one chance after the other at breaking out, and it's now entirely confirmed that its consolidation is steadily building up. However this range will ultimately look is of less importance. Diagonal lines of all sorts are much too discretionary to be...

LongLifeTrading

Bitcoin has, together with a good amount of stocks around the world, taken a good beating over the last months. At the moment things are not looking good. But how likely is it to continue down? What are the risks and possibilities from now on? First of all, much of the current price has already priced in both the political uncertainties and the risks of a war...

LongLifeTrading

Bitcoin is once again at a crossroad. In this analysis we'll look at the bullish versus bearish setups. In this case we'll look at how and when we'll know (yes, KNOW) whether Bitcoin is still in a bigger correction mode, or whether it's ready for new all-time highs. Stay tuned, and if you appreciate this analysis then please return the favour by caressing that...

LongLifeTrading

The plunge on Saturday vastly changed the technical map. The key area of support that we've based our bullish case on over the last few weeks was obliterated in a single blow. This spells trouble to anyone who comes unprepared. In our case, we have warned about a possible flat correction for quite some time now, and that flat is now more in the cards than ever...

LongLifeTrading

Polkadot is beginning to weaken, not only in itself, but particularly in comparison to that of Bitcoin. As we've discussed at length here on TW, Bitcoin continues to show some bullish sentiment due to its recent technical breakout in MARA/BTC. As long as this pertains, we'll stick with the majority of our position in Marathon Digital Holdings. 60 percent of my...

LongLifeTrading

As discussed at length a couple of months ago, we've been keeping a close eye on the internal strength relationship between Marathon Digital Holdings (an American Bitcoin mining company) and the Bitcoin spot price. As we can see, the soon four year long reversed head and shoulders pattern has now gotten a technical breakout. As long as this DOESN'T turn into a...

LongLifeTrading

The other day we took a good look at Solana's technicals. Today, we'll do something even more relevant: we'll look at its strength in comparison to that of Bitcoin. But why is that? Well, because given how much Bitcoin has rallied during September, and at weak trading volumes at that, Bitcoin is and remains fragile. In this sense, if Solana were to look weak in...

LongLifeTrading

Solana is incredibly interesting. It seems to currently have completed a nice 5-wave impulse of +43 000% in just a year and a half. Personally, I wouldn't mind if this here were to be a running flat correction - an ABC - to retest the primary trend line. Given that this is on the log chart, we're still talking a nice 45-50% retracement, which should be good...

LongLifeTrading

Added to yesterday's S&P500 fun, we'll now take a quick look at the US Nasdaq. First of all, and as the title rightly proclaims, we have a likely head and shoulders forming. Yes, it's ugly as , but according to author Thomas Bulkowski, the ugly ones are the ones that tend to vastly outperform the crystal clear ones. The reason is simple: the ugly ones are harder...

LongLifeTrading

The S&P500 and US Nasdaq run the international show. Whatever they do, the rest tend to follow. For this reason we'll take a good look at the two giants to see what their technicals look like and if or when they would become bullish again. We'll start off by bringing out our microscope in order to dissect the S&P500. Starting off on the weekly chart, the index...

LongLifeTrading

Bitcoin is being difficult as always. Yet, despite its sudden twists and turns, we've called every major reversal thus far since the April peak. Naturally, technical analysis is all based on probabilities. We don't KNOW where the price is going. The best thing we can do is to produce the most likely case and then add onto it as more pieces of the technical...

LongLifeTrading

As discussed in recent analysis here on TradingView Bitcoin does, until proven otherwise, trade within a big zigzag correction. (For more information on this, please see our previous posts.) The downwards break of the B-wave came as no surprise as we thoroughly discussed its inherent weakness throughout. What we see now is likely the initiation of the C-wave in...

LongLifeTrading

Bitcoin is currently at an important technical crossroads. Everything I've previously said still stands. Bitcoin is still - until proven otherwise - in a major zigzag correction, in which it's completing the B-wave. Yet, on this chart we'll go through the latest updates. We'll deal with them systematically, so please follow the adhering numbers on the chart. 1)...