TheCryptoClass

TheCryptoClass

BTC loves a 705 fib retracement which is a solid level of previous support. We currently find support at 200 daily MA so I foresee a short lived rally to the previous bullish mid-range, which is now technically a breaker.

TheCryptoClass

Chart says it all....

TheCryptoClass

Just journaling as an idea...not financial advice!

TheCryptoClass

Looking at BTC to find some liquidity inside this H1 OB and reclaim range to retest range high. Still bearish long term but after the recent PA, I am short term expecting more upside.

TheCryptoClass

We are at a possible turning point here but we have one final level in our way before we can retest the top of the htf channel we have been in for months. I’m not trading this until I see confirmation of whether this bearish block holds or not. This will be a good short term indicator for where Bitcoin will be going over the course of the next few weeks!

TheCryptoClass

I’m seeing this pattern time and time again. It doesn’t guarantee it’ll play out but here’s what it looks like: - sharp drop into support - define range below sharp drop - break out of range towards OB from drop - break back into range and then... - DUMP Again, not guaranteed but one to watch. Expecting a slow burn up before the dump commences. Entering short at...

TheCryptoClass

Honestly BAT is the only altcoin I would consider holding for a looooong time, and this chart proves that to me. We have a defined range, a deviation from the range with a quick break back in....just waiting for a retest of the bottom of range and I’m loading up.

TheCryptoClass

Seems legit...and follows the theory that we are in an ABC corrective Elliot Wave pattern

TheCryptoClass

Trying my hand at some ICT style price action analysis...lets see if the videos and Twitter research pays off!

TheCryptoClass

Yer, na folks

TheCryptoClass Updated 

Just a punt but I am quite suspicious of this $6.8k level. In previous years this has been crazy significant level and I am not surprised (in hindsight admittedly) that we bounced off it well. I am liking the reaction to this pivot that has formed but reckon we could see a dip to take out stops from our recent $6.8k bounce and then head up towards the downtrend...

TheCryptoClass

Yes, BTC made this exact formation before capitulation and everyone thought we were going to the moon. Break this green OB and it’s gonna be a wild ride down.

TheCryptoClass Updated 

Am I a permabear? No...I just do what the charts tell me....especially during a downtrend.

TheCryptoClass

Watch for price reversal at about $275

TheCryptoClass

Just looking at the previous bear market, it looks like we could be forming some smaller version on the weekly. While I will turn bullish if we can get over 11k, I remain bearish with a potential scenario looking like this. Also note we fell through the 21 weekly MA and then went to retest it as resistance...ooooooooooh dear!!!!! Don’t get me wrong, we may not...

TheCryptoClass

Everyone is calling bull but I dont see it....yet. Seriously, we got rejected HARD at the bearish OB from our previous drop and remain in the downward channel. A solid bounce from the 0.618fib is promising but unless we break above that OB, we could see some downside.

TheCryptoClass

It’s hard to say where we are going but looking at the charts, it’s entirely possible that if we break the 100 weekly MA, that we could see another retest of the 200 weekly MA. This level has a lot of confluence and support both on an order block, fib level and also the point of previous capitulation. People keep referring back to previous price action to...

TheCryptoClass

The chart says it all...I am leaning towards SHORT though.