TomProTrader

TomProTrader Updated 

Bitcoin is trading harshly against the resistance outlined on my previous analysis (See related ideas below for more information regarding this). This is great news for Bitcoin! To be trading against such a huge resistance shows the bulls are eager to see the back of this resistance altogether as it sabotages all uptrend possibilities! Price is currently trading...

TomProTrader Updated 

The last 48 hours of price action have been pretty much in the range where a correction and an up move are still almost equally possible. We're going up or down... Useful info right? well luckily there's things we can look for even amidst total market confusion to help us reach more accurate conclusions and turn an "up or down" scenario into watching for tactical...

TomProTrader Updated 

Bitcoin has had a strong down day today, pretty much hitting consolidation support which is the level which could act as a mini support before hitting the proper support zone below properly. Usually these non official support levels would be disregarded by me but in light of price stopping there, having some compelling reversal candles there before jumping, it...

TomProTrader Updated 

There is a very interesting trading opportunity in Bitcoin right now. This was not something I would have necessarily said yesterday, until I saw the last 2 12 hour candles, clearly showing indecision at the resistance zone, whilst finding a brand new support on the 20 moving average which confirms that the short term up trend is UP, whether you like or not, it's...

TomProTrader

You may recognize this Ethereum analysis from my previous one. You may also recognize this analysis from my Bitcoin analysis that I have just posted a few hours ago (See related ideas for more information regarding this). The reason for this is simple, because they are following the same movement. You probably all saw lately that Bitcoin and Ethereum have not been...

TomProTrader Updated 

Currently trading right at the juncture level, and now we must best figure what best to do to tackle a buy opportunity. as it stands price is trading right at the bottom of the predicted resistance zone at around 6570. when price hit the level price did have a gentle fall to the downside and thus confirms the level does indeed exist. I still consider price to be...

TomProTrader Updated 

Bitcoin currently is approaching a strong horizontal resistance zone which was the previous resistance for the bottom of the previous impulse down leg. For this reason it's a level we certainly have to watch. The resistance zone between 6770 and 6570 is extremely strong at this point due to the structure resistance, and the converging moving averages are also...

TomProTrader Updated 

Said I would be gone for a couple of weeks, but decided against it as I am already way ahead of my other commitments and some wonderful comments from the TradingView community! :-). Good to be back and I've missed posting even though it's only been a few days! Bitcoin pretty much perfectly following my previous analysis (So far) so I want to make a new one to...

TomProTrader Updated 

I made an analysis earlier outlining the potential levels Bitcoin could drop to amidst the large fall seen yesterday,. and would like to continue on with the same line of thinking by using a smaller time frame to explain more clearly the levels that price will fall to, and most importantly why. Having a larger time frame with the bigger picture is good for...

TomProTrader

Ethereum continues it's weakness since my last analysis meaning so far it's going exactly as predicted! :-). there has been an intraday bearish engulfing signal which wiped out the possibility of yesterdays doji signal producing any type of upward reversal which is a good thing, since if it managed to pull up, it was NOT a safe buy and we would be sat there...

TomProTrader Updated 

If someone said to me that Ethereum would be at 226.80 in September last year, I likely never would have believed them. But this is what is happening across the CryptoCurrency markets right now. When Bitcoin rallied in December, all the other coins were dragged along with it to the upside, even the most useless altcoins were brang to the upside, creating a swirled...

TomProTrader Updated 

Price broke the side-wards support zone, as well as the horizontal support zone today in some dramatic downside due to a murky sense of fundamentals. Price really took a beating, and broke below the level which I said would invalidate any upside, as quoted ""2 outcomes, some up move now, which will get faded into a correction, or a down move from here, down to the...

TomProTrader Updated 

Bitcoin having some great movements lately that I've tracked perfectly so far!. Now, in my last analysis I predicted a correction which was to a support zone between 7120 and 7000. This is still my opinion however I have al;so discovered another small zone which could be intact, and that is between 7320 and 7140. This zone is a great level which was previously the...

TomProTrader Updated 

Back with another Bitcoin analysis! Someone kindly asked me to change the way I deliver my analysis, so I decided to deliver it in exactly the same I always do every single time because this page is mine, and is only for people who appreciate free content. :-) Bitcoin appears to have extended itself towards the target zone of my previous analysis that went...

TomProTrader Updated 

Anyone who's been following me religiously for a long would have caught the very bottom of the BTC downtrend, all the latest updates, and also caught almost every single up swing in Bitcoin, making significant profits in the process. To those who are following me, I hope you're enjoying your profits, well done to each and every one of you for your consistent...

TomProTrader Updated 

Litecoin is one of those projects that from a valuation perspective did not deserve to fall with the downtrend at all, but, well, did. Technicals are stronger than people think. Always have been, always will be. Happened so many times, where there's a recession and the markets generally receive fundamental news showing massive signs of high probability recovery...

TomProTrader Updated 

This is a follow up analysis of my previous analysis on Bitcoin (See related ideas for more information regarding this). Bitcoin is currently following the path of my previous analysis perfectly, by breaking the resistance zone and trading nicely to the upside after-ward. When making this analysis, I did mention price could correct to the downside slightly before...

TomProTrader Updated 

A follow up on my original analysis that went EXACTLY to plan!! (So far...) ha. Looks like a nice trading opportunity as price nicely broke the side-wards resistance. Does this mean it could now potentially turn into a new support? We will soon find out. Bitcoin has been pretty unpredictable as of late so it's wiser to wait a bit longer and wait for very firm set...