ammypatt1987

ammypatt1987

Hello All, After long time, this will be quick one. BTC just dumped by 250$, the dump took small breather at 6800. This level is where I want to point your attention to. BTC has one long term trend line going through here (as you can see on the chart). If BTC breaks this line it will be bad news. This is the turning point in BTC price action. Keep your eyes...

ammypatt1987 Updated 

Hello All, In my last post I mentioned that, the 3D 21 EMA (plotted on Daily chart) will decide the direction of the next move. Here we have that 3D 21 EMA (plotted on Daily chart) (yellow), as we saw BTC opened and closed below this EMA yesterday. This was my signal to enter a short position (which I did). Additionally, 'Shepherd Indicator' gave beautiful sell...

ammypatt1987

Hello All, Quick recap from my last post, I mentioned how critical $ 10925 was for BTC. Although I had bias towards bullish break, I did play that short on my Bybit account (Tip: Always trade TA and not what you think could happen). As the chart have developed now we see that the dump from 10925 brought BTC down to the lower trend line (pink). This is a mid line...

ammypatt1987 Updated 

Hello all, Here we have BTC-USD, 4hr chart (Pink lines are from the major pitchform BTC has been following for a long time). As we saw BTC broke down from the triangle pattern but got picked up hence, I am considering it as a false break out. Now BTC is very near to test the upper trend line. This line is very very important for BTC not only in short term but...

ammypatt1987

Hello all, This will be very short update, We all know BTC is going side ways for last many days. This is serious weakness in the BTC that it is not able make recovery after getting supported from 89 EMA. BTC is also consolidating close to the bottom trend line of the triangle pattern which also conincides with 89 EMA. Shepherd indicator is also set for short...

ammypatt1987

Hello all, What a dump day. I have been short from 10900 and already closed 60% of my position. Here are my reasons why I entered; 1) BTC showed clear rejection from, a) Rising wegde (yellow) upper trend line, b) the resistance zone I had from previous price action (red box) and c) Key 0.382 fib level, 2) Easy Read Indicator also gave beautiful short signal...

ammypatt1987

Hello All, I wanted to share this LTC chart and my view on it. LTC made significant recovery from the bear market, it almost had 560% rise, but here on Daily now we see significant weakness and all that halving hype is long gone. From its top LTC now down 51% which is not really a good sign. During early stages of new bull market we can expect 20-40%...

ammypatt1987 Updated 

Hello All, After another successful trade with awesome profits I am back with some more updates. First quickly, I would like to introduce new indicator I have been working on, this indicator gave pretty awesome long and short signals till now on 1hr BTC . Now for TA, as seen in 4hr chart I see really well structured triangle formation. This in itself is a...

ammypatt1987 Updated 

Hello all, Here we have BTC 4hr chart, here and on other shorter time frames we have triangular pattern in the formation (RED). Considering the recent price action, I believe it will break downwards (75% chance). I am waiting for the confirm break of 21 EMA (yellow) on 4hr which also will be the break of the bottom trend line of this triangle. The possible...

ammypatt1987

Hello all, Here we have BTC-USD on Daily. As we know it is not moving much, I advised caution in my last post as these boring/side ways moves are hiding rapid 'stop hunts' and many poor fellas are getting liquidated or stopped out. This is the reason I have not entered a single trade in last 2 days (My last trade was short from 10300 to 9750, based on short...

ammypatt1987

As I mentioned in my last post BTC now has confirmed the Death cross on 4hr TF. Also as outlined I entered short yesterday at 10330 on the break of 1hr 200SMA, and I added some more at 10450 on that short pump. Today by the time BTC hit 10000 I was out of 60% of my total position. I will continue profit taking at 9885, 9835 and final close at 9750. After this...

ammypatt1987 Updated 

Hello guys, Here we have 4hr BTC-USD chart. As most you know by now BTC was about to have Death Cross, but bulls stepped in and pushed BTC to 11000+. It almost seemed like this Death Cross will be avoided which would have been super bullish for me. However from today's early morning dump BTC is back on this Death road. It got rejected from 4hr 200 SMA (white...

ammypatt1987 Updated 

Hello all, My previous TA came true, I rode the short from 13650 down to first support zone at 9800. Then I longed at 4hr 200EMA from 9750 all the way to 12000 and 12500. Two good trades and 6 month salary is in the bank. :) :) Anyway, here I wanted to point out the current BTC set up, specifically on 3hr TF, As of now we have seen BTC getting strong...

ammypatt1987 Updated 

Here we have the BTC 4h chart. BTC found very nice support on the upper trend line of the rising wedge we saw in June (BTC broke down from that wedge). I had posted this wedge back then and also traded it with very nice gains. For now BTC is bouncing from this line, however it has been consolidating on this line for some time now, which makes it weaker. I think...

ammypatt1987

Here we have LTC-BTC weekly look. *Current set up** > I have Fib drawn from the LTC low of 0.0030 to the high of 0.02 (I have omitted the ATH (pink circles) because on weekly TF it looks like a fake out rather than a top). > So as we can see LTC bottomed on 0.786 back in ~Nov 2018 and recently in ~Dec 2019, it was also acted as a support level in past making it a...

ammypatt1987

Lets have a look at BTC-USD weekly chart. BTC has been on the rampage, It broke through resistance levels like a knife through butter. Bear are doing good thing by not coming in-front of this FOMO driven train. After yesterdays Daily close BELOW previous high of 9111$, I think the bull pressure behind BTC parabolic move might slow down. Although I am not counting...

ammypatt1987 Updated 

Couple of days back I posted about this H&S on Inv-BNB-BTC. This pattern is not only still valid but looking at current chart set-up it also started to look like perfect set-up for a juicy trade. As seen in the chart, 60 EMA (yellow) on Daily has been holding price very nicely and today we see nice follow through, Daily Stocks now crossed up, and RSI has also...

ammypatt1987 Updated 

Here we see BTC has broke Down from the rising wedge (4 hr) (with massive volume confirmation). Today: BTC had couple of re-tests of the lower trend line and saw a rejection (In my opinion: This confirms the rising wedge break). Also as you can see the Pink line marks the rising parabola which BTC is following very nicely, so as long as BTC stays above the pink...