BTC is forming a bearflag for one more leg down. Great entry under this channel with great RR. Could dip into the monday. This dips from now on are for buying, shorts are for hedging. Indicator is yellow which means reversal but it also means be carefull or reload. I am leaning bearish.
BTC is turning around. We will drop once more prob around halving as usual. This event is a promotion, promotion means people selling to you which means asset is in an unstable hands. We will drop and then we really begin a new bull run. ALTS also!
Expecting a resolve of the movement in the blue triangle. Either bear or bull depends on where it breaks; arrows depict trade entry depending on your orientation. Leaning bearish, but not really tradable until the break. TA shows a triangle which usually breaks to either up or down and retest the break. Break retest is usually tradable with higher certainty. I...
I am still bearish on BTC, close to flipping long, but this is why it is so dangerous. I am leaning on one last drop to take out the bulls, enviorements is still too bullish. Above 9500 is trend reversal to bull, but right here... short for me
Here is another stab at BTC capitulation. Two scenarios, either no mercy drop or a bit prolonged one with more traps. Either way I am still expecting some more downside for now. After that sky is the limit.
We will prob make one more push down to capitulate remaining bulls. This will be the dip to buy... be careful and dont get liquidated. If you are buying long term spot, just buy here and forget about it.
GAME has completed the whole cycle. Back where it all started so are you in or out?
Bitcoin should soon break out of the wedge, I am leaning towards the bullish breakout. Here is a scenario with a close stop.
If you short this use a tight stop loss, dotted trend line is where people want to long, so lets see. Fill my longs and we see where we are at after that.
If $BTC breaks down, which I think it will, this would be the scenario I would prefer. If it breaks and closes above $9600 the plan is negated. Either way short the breakdown and long the dip. Stay safe. This could be THE low to long and last time under $9k #bitcoin
BITCOIN is starving for attention. Here is a scenario I am looking at. I am on the bullish side.
STEEM is very cheap, and hot STEEM usually goes up ;) great entry, high upside close stop loss.
Vertcoin is a great project, under the radar and one of my all time favourites. This could be THE low or very near one, either way it is at solid support, with very high upside.
Be careful if $LTCUSD closes under $68 in which case we could se a retrace to $40. We are in a golden pocket right now which would be a epic bonce zone but still, average down if interested in $LTC. This would correlate to my bearish BTC thesis. Yellow scenario if we close under $68 or if you are already in would be a reasonable stop or buy in case you think this...
This is what I am looking at for BTC big picture. I am leaning on bearish case cause we really should retrace one more time to test the lows and trap the bulls. But BTC aint gonna let you trade it easy. I am shorting with the breakdown, but in case we hold the green line I am going long all the way to 16k.
BTC nearing the end of the triangle. Bearish case is a break under, we could get a fakeout above anywhere up to 11k. If we close daily above 11k the case is negated. Bearish target anywhere down to 7200.
BTC could start losing % marketshare to alts, this may be the area of most pain for alts. If this is so we can expect a sharp reversal soon. Not all alts but big caps first, then mid and small caps last for the most impact. I see BTC marketcap under 50% and close to 40% in the near future, since marketshare has to flow somewhere it will be alts with best and...
Still bearsih, this is last attempt for bears, if we stay here for long or break above the blue line it is game over for bears. Until then I am short.