WillNixTrading

WillNixTrading

...who think they can read charts with fancy mathematical reasoning. It is a lot simpler than people like to think - www.bitmex.com You can LONG but use extreme caution with Tight Stops and Take Profits. You can much more comfortably SHORT this market at the moment. Just A Single Man's point of view.

WillNixTrading

Bearish as a bear that at a bare naked Bear

WillNixTrading

BEARish Bitcoin - Whales will be whales - and will continue to eat the Crill. Tip of the day - dont be crill www.bitmex.com

WillNixTrading

Red - Previous Major Downtrend line (bottom channel line) Purple - Forming Minor Downtrend Line White - Previous Resistence . Support Levels What will BTC do at the Major Downtrend line - a close below this line could mean major downside - Im off until I see how the market handles this major line.

WillNixTrading

Green was a minor uptrend channel Purple is a minor forming downtrend channel White are previous support . resistance levels.

WillNixTrading

Minor Trend Lines Pink - Supports White - Major Trend Maroon

WillNixTrading

My opinions on where we headed - and spots to look for a bounce. Remember the whales come out when the price stabilizes - that's when the traps get set.

WillNixTrading

This chart is as bearish as a bear that just ate a bear. Major Down Trend Support around 6500 . . . Zoom out to further analyze that. Looking for major downside short action here - give yourself enough play to protect against whale push / bull traps and liquidation

WillNixTrading

There are several bearish trends in the BTC/USD chart. See my analysis on the chart for more information and my opinion on support levels for the decline.

WillNixTrading

Bullish Trend - Falling Wedge - Watch for a breakout of the upper trend line for a great BUY opportunity.

WillNixTrading

tight scalps if anything. Im waiting for a bigger trend to emerge - be careful

WillNixTrading

The mind of a madman

WillNixTrading

Noob Thinking

WillNixTrading

Choppy Waters in the BTC however, it is slightly bullish and ripe for the taking. Playing / Shorting a red bar that closes below the MA seems to be working well today.