


Bitcoin price action analysis, key levels, potential scenarios for coming week. Question about stock or alt? Ask in chat.
Bitcoin is now poised to retrace into the 25K key support area. In my previous article I shared a long swing trade idea from the 27,150 level. While this idea started off in the green, it has since produced a conflicting signal and I have suggested to those who took the position to mitigate risk by breaking even or taking a small loss. I do NOT pretend to know...
Bitcoin price action analysis, key levels, potential scenarios for coming week. Question about stock or alt? Ask in chat.
Bitcoin is now starting to meet the setup criteria for a new swing trade long based on my strategy. As you can see by the illustration on my chart (squiggly line) I am anticipating a test of the 30K resistance AREA over the following week or two. In this article I will explain the trade idea further. Keep in mind this "manual" swing trade strategy is NOT the same...
Bitcoin price action analysis, key levels, potential scenarios for coming week. Question about stock or alt? Ask in chat.
Bullish consolidation developing between the 28K and 30K AREA. Highly random price action, within a general resistance area. This unfolds after a week of heavy economic events. The fact that general bullish bias is still intact in terms of price structure is telling. There are a variety of ways to capitalize on this in terms of strategies. One such way is to WAIT...
Bitcoin price action analysis, key levels, potential scenarios for coming week. Question about stock or alt? Ask in chat.
Price has reversed off the high probability support zone that I wrote about on here a week earlier. The complex reversal setup that I described in that article (two days earlier) appeared and confirmed on Tuesday at 28K. I shared the specific trade orders privately Tuesday evening when Bitcoin was pushing 28,400. That swing trade idea produced a 1500 point profit...
Bitcoin price action analysis, key levels, potential scenarios for coming week. Question about stock or alt? Ask in chat.
Bitcoin has rejected the 30K resistance area, as I warned about in my previous article, even though there WAS a buy signal there. Price is now fluctuating within the first relevant support AREA which means I am looking for swing trade setups to go LONG. This location fits my criteria in terms of probability and reward/risk but with NO setups confirmed, there is NO...
Bitcoin price action analysis, key levels, potential scenarios for coming week. Question about stock or alt? Ask in chat.
Since the 30K break out, it would be wise to adjust relevant support levels. The 28K AREA is the new zone of support that I am watching for the possibility of a new SWING trade long (the previous level was 25K). As you can see from the forecast line that I illustrated on my chart (a week ago), Bitcoin appears to agree with the break out scenario that I outlined in...
Bitcoin price action analysis, key levels, potential scenarios for coming week. Question about stock or alt? Ask in chat.
Bitcoin is on the verge of a consolidation break out into the 30Ks, but what is the most effective way to manage the risk presented in this scenario? Price location plays a very important role in shaping trade expectations. Let me explain. You will notice a path that I have illustrated on the chart. Like I explained a few weeks earlier, this is NOT an absolute...
Bitcoin price action analysis, key levels, potential scenarios for coming week. Question about stock or alt? Ask in chat.
28K resistance still in play in the face of a dramatic stock market rally over the previous week. This is a sign of relative weakness and speaks volumes about the balance of order flow. The 25K support AREA (see blue square) is the price location that I am WAITING for in order to put on a new SWING trade long. As a market technician focused on short term...
Bitcoin price action analysis, key levels, potential scenarios for coming week. Question about stock or alt? Ask in chat.
Bitcoin is NOT in an ideal location for potential swing trade longs in terms of risk (even with the current buy signal in progress). The 28 to 30K AREA is a historical resistance that is still relevant. In this article I will explain the scenario that I am anticipating that will prompt me to share a new swing trade long idea with members. First I want to point...