TomProTrader

TomProTrader Updated 

As price is beginning to manoeuvre in a way that can be perceived as stable (for now) it is time for us to zoom into the chart using the 8 hour chart and best gauge bitcoin's intentions. As it stands price is hovering around a support zone as outlined on the chart. the line isn't as wide as my previous analysis as I have zoomed in, obviously we cant trade in a...

TomProTrader

During the down move there has been many levels where we have watched for corrections, up moves, down moves, and so on. But, there is probably none AS important as the current support zone outlined in my chart. As you all saw in my last analysis, I have outlined the same support, and a lower side-wards support line where price will likely bounce for the up move...

TomProTrader Updated 

Following on from the last analysis - Bitcoin continues to stay at the horizontal support zone as per our last analysis. Now, price is deep within the support zone and a decision must be made whether to buy within the lows of the support zone, or hold out, and find a lower buy and not miss the boat by waiting for the side-wards support line before the upside. If...

TomProTrader Updated 

It is that time where price is at a do or die level. Not a do or die level in the sense will Bitcoin fail completely or not, but rather will it hold a very important support level that was the level that was responsible for being support before the major up move in bitcoin that started in November. At the moment it's clear price will continue...

TomProTrader Updated 

It's been a while since I posted an Ethereum analysis and I decided to make a quick one now before I go out. Ethereum has been trading downwards, breaking a higher low on 30th July and trading downwards ever since. Price did something that I did not expect on the 8th august, and that was to break a very key support level on Bitcoin. With bitcoin breaking such a...

TomProTrader Updated 

In the last analysis I attempted to buy a hidden support zone and profit from a corrective move, however the bears are still in force and are destroying the marketplace! Even that last down move I didn't see coming. Sometimes however prepared and "In the loop" you are, you cannot always predict market sentiment correctly (Asides from the fact it's mathematically...

TomProTrader Updated 

Interesting weekend moves for bitcoin saw it find support right where was predicted in my previous analysis (See related ideas for more information regarding this). Before we get into this analysis I just wanted to address something quickly - Lately I've noticed quite a number of people criticising me for writing "This trade is going exactly as planned", and...

TomProTrader Updated 

My previous bitcoin analysis is still intact but there is also signs of weakness at this level indicating that price could also go lower. The 8 hour chart is not one I'd usually user but it has it's uses when you are trying to fit a certain amount of price range into a chart for easy viewing, so there's no special reason for that if anyone is wondering why I chose...

TomProTrader Updated 

Been quite some time since I have posted an Ethereum 0.01% analysis so I decided to post one today since I've been focusing entirely on Bitcoin 0.61% lately. Bitcoin 0.61% has been the coin of interest lately since it's dominance has been super high - and this is something we must watch. Ethereum 0.01% has been trading downwards since 5th May. Every time Eth has...

TomProTrader Updated 

Sometimes to get a better perspective of things, we must simply change the way we look at them. Most of my recent Bitcoin analysis have been on shorter time frames to try and gage the market move and best decide how to trade the swing at hand. In this analysis I will be looking into the daily chart, and getting a larger perspective of price action to make sure I...

TomProTrader Updated 

This is the first analysis I have posted since buying my new 27" curved monitor! I must say, using this so far it is VERY good and for people that look at multiple charts at the same time, it's like a dream come true. It also saves the need for having multiple screens as well, meaning it's a great asset to any trading desk and I'd highly recommend it! Moving onto...

TomProTrader Updated 

An interesting week to be trading in the Cryptocurrency space for all those who have been watching as carefully as I have been. Price has been correcting ever since my last analysis which is as predicted. After all, why would a market that's just broke broke a resistance zone keep going after the target I set? It wouldn't. The target was a tactical measure move...

TomProTrader Updated 

It's been a very hectic weekend for me as I've been completing business abroad so I couldn't post/update any of my analysis. Because of this I want to post a new analysis and update my thoughts and ideas on Bitcoin. Since my last analysis there has been some dramatic changes to investors sentiment thus, I have posted a brand new analysis so that you can see my...

TomProTrader Updated 

Since my last analysis on Bitcoin, price has continued to stay at the highs, and has been incredibly stubborn at this level! Price did not only hold out at this level, but it has also been trading in an incredibly tight consolidation zone for the time being. Since the up move was originally so strong, it would have been expected that a correction would have taken...

TomProTrader Updated 

It is a very exciting time to be trading Cryptocurrency as price has recently broken a multiple month low! price has broken into an uptrend territory with a very strong and clear breakout. Price broke out of a heads and shoulders pattern very nicely, and price also broke a long term horizontal resistance zone which broke us out into a new uptrend. Not only did...

TomProTrader Updated 

Ethereum has a very nice up leg up to the support/resistance transition zone that has been effecting price as a resistance since 2nd July 2018. Price has recently been making successive higher lows since price broke the zone mentioned as a long term support. Bouncing continuously at the horizontal resistance isn't really a good thing, however, since there are...

TomProTrader Updated 

It has been a busy weekend on my end hence I did not post any new analysis/update any of my existing content, for that reason I want to post a new analysis with my updated thoughts as my previous primary analysis went against what I had predicted, so I will try again and hopefully and attempt to gage the market condition properly this time. Bitcoin has had some...

TomProTrader Updated 

Cryptocurrency continues to fall in the majority as most of the leading markets are under the mercy of a technical downtrend which is dragging price down despite numerous attempts to support and break out. Since 11th July price in Ethereum has been attempting to find support at 430 levels, and this has been holding for the past few days but has looked increasingly...