TroyByrne

TroyByrne Updated 

G' Day Cobbers, This morning and overnight we had so man y bearish indications converge , BTC had no choice but to nose dive, Take a look at your charts and see the bear flag/pennant on the daily, a clear head and shoulders form and break neckline, all screaming to all and sundry " Abandon Ship " and did they ever. All those long contracts were eaten up along...

TroyByrne Updated 

G'day Ladles and gentlespoons, As you can see today we are still moving towards the end of the wedge on the hourly with major resistance from the ema 100 which hovers above every move btc makes, we have falling volume which is indicative of the pattern as the bears take control as the wedge structure fully forms. On the daily we are breaking out of the pennant...

TroyByrne

G'day Cobbers, It seems my posts are being hidden by tradeview for a breach in house rules, I guess my affiliate link is pushing the friendship a little too far, my bad. Who would of thought I would get censored after paying $60 buckaroos a month and spreading free education and trade ideas. Any way moving on. After a little bullrun last night we had our what...

TroyByrne Updated 

G'day mate, I'm feeling a little bullish this evening, which is a change from the last week. With the news of the sell of of MtGox being halted till September and a little rally during the day, moving us in this extended period of sideways movement while we build this flag/pennant structure. The shorts (futures) have dropped off the planet and up until very...

TroyByrne Updated 

Good Morning, My last analysis of Bitcoin still stands and while the Mt Gox coins are still being sold off and the FUD of it lingers we have a real chance of dropping to this previously unimaginable levels. Every time we have a sell of we retrace into either another bearflag or rising wedge and breakdown, the big the flag/wedge the further we drop. Trading ideas...

TroyByrne Updated 

Good Morning, Well what a night, talk about carnage. Did you get rekt? Did you manage your risk properly and set stops? I am not the kind of guy to hide his loses and just talk about my wins, you learn more from the losses, especially the bigger ones. In hindsight, the biggest mistake was setting my stop loss to wide and then heading to bed, not a huge loss but...

TroyByrne Updated 

Guys , \ Today should have been a no brainer for you. We were sitting up against heavy resistance , on the edge of the end of the wedge, Very Very over bought and had been for an extended period of time. This chart is what I di this morning when I woke to this situation and the support & resistance lines I have decided on. I put buys in around the first major...

TroyByrne Updated 

Look this is a very very long shot but we have satisfied condition for the abc leg of the cypher, lets watch and see. This is not a trade, this is just to show a myriad of ways to find trades. If yo don't know how to trade a cypher, I recommend looking it up and spending some time on these patterns. Good Luck.... You still long... I am G'day Thanks for dropping...

TroyByrne

Good Morning cobber s, Well, what a run yesterday was if you had been following along over the last few days, you should be deep in profit and up at least a few hundred percent. It has been quite a ride lately and plenty of great and clear opportunities to make trades, I hope you have learned that if we are patient and wait for confirmations and have some control...

TroyByrne Updated 

Good Morning or Evening depending on where you are reading this from, I hope you were all profitable in your trades yesterday. Today, well it doesn't look as optimistic as we have been in previous days, the rising wedge has been confirmed and is bearing (get it) over our shoulders like the midday outback sun. Short term we may have a few opportunities to profit...

TroyByrne

If you have been following my analysis over the past few days, you should of made a tidy profit as we have been spot on. This is a quick chart to show where we stand and where we are headed, still bullish and will be holding my long position until I get a clear sign of a reversal. IF the 5 & 8 ma cross below the 13 or we have a sudden red candle that pushes below...

TroyByrne Updated 

I hope everybody made the right calls yesterday and profited from my analysis in some form. Please share or like to so others can get their eyes on these charts and more can benefit from them. If you recall yesterday, the internet was filled with calls that we were about to drop back to sub 8k prices, few were bullish, take note of those and make sure you follow...

TroyByrne Updated 

Okay we have had some sizeable drops over the last 24+ hours and we are starting to see a lot of bearish calls about BTC going down under 8k. Generally, when we get into this type of mass mindset, the contrarian in me says go the opposite but lets first let's look at the charts and how things are setting up. I have linked notes on this chart, so it is pretty...

TroyByrne Updated 

I hope we all had set ourselves enough of a stop or you just got liquidated. BTC just dumped like a crazy poopcannon ;). Hold on, don't panic sell, this is just a shake out. RSI and Stoch are pointing to a reversal but we may have another leg down yet before we head back up. IF you are not in, might be worth waiting and if you were me , I ladder in some more...

TroyByrne Updated 

We are breaking out of a bullflag on the 60min chart, I have explained reasons for long on charts. Wait for confirmation of breakout, check to see if we get a closed candle on 15 min chart perhaps. Look for volume increasing too Good luck Friends

TroyByrne Updated 

Fancy a cuppa?

TroyByrne Updated 

We have a Bullflag forming on the 1 hr chart but the rsi and stoch has been sitting in the overbought area for sometime, so be careful, bullflags do fail, and we could see a drop 10200 before finding support. Good Luck, I hope you made some money yesterday. It was a great day for profit.

TroyByrne Updated 

Okay so we care currently bouncing back and forth of two fairly strong trendlines, just recently bouncing perfectly off the top of the new resistance line , making it 3 widely separated touches and confirming the trend line. While we have side=ways movement. we are also pushing into the end of a very large descending wedge pattern, which we have been in for some...