bitdoctor

bitdoctor

Right now we're fighting at some strong resistance here around 45k, but we've tapped 46k a couple times already. This is important and has created a KEY LEVEL for BTC to conquor. Once we break through 46k on a daily candle, I think we will see 53k quickly. This is all dependent on a break of 46k. Not ready to go long quite yet and I made my spot repurchase back...

bitdoctor

Price action on XRP suggests there's a potential impulse forming from the lows in late January around 55 cents. Expected price movements suggest a possible wave 3 in the works that should find some resistance around 80-84 cents. I would expect there to be some kind of a reaction at that price point, especially if you focus on key levels (look left). After some...

bitdoctor

Looking at NVDA since their IPO, there's increasing confidence that NVDA has put in a top and is in a bearish trend for the next 1-2 years. I'm currently looking at December 2023 for NVDA to find a bottom around $100. That may sound crazy, but you can see the counts I have outlined in the chart. The 23.6% extension is sitting right in that zone for a wave 4....

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Hey everyone! I'd like to point out a medium risk trade but one that could have a decent reward. This particular asset has been in a slow bleed after poor earnings back in the beginning of August but my indicator is suggesting that there's a decent probability that this is done selling off and could be setting up for a 17% run up to approximately $23. Why $23 and...

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It's as simple as this. We've had a parabolic move and we spent a couple months in the 50-65k distribution range and now we're in a reaccumulation range. Looking at elliott wave theory, There's a chance we're bottoming right now (potentially down to 26-28k) and will start to see a movement to the upside. I bet it comes in July or August then I believe in...

bitdoctor

I am starting to be very bullish on 10 year bond rates. This chart looks like we created a bottom last week after creating a major bottom last year. People forget that things don't keep going up and, well, people got their faces ripped off in 2019. In 2020 there were signs of a bottom. I took a trade a couple weeks ago that profited on the drop in rates and I've...

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Market correction is imminent. I've posted several big wins recently and now I am sitting in cash and have hedged short on SPX. As I've mentioned in my videos as of recent, NDX made new highs and is also reaching a point of exhaustion. Individual stocks are very strong but the market is due for a larger corrective movement. I'm expecting SPX to make a move to...

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Thoughts and ideas are my own view. Now, I've been in a trade on TLT for a little while now. About 2 weeks. It's quite obvious there's a couple things going on here: 1. A reduction of downward momentum that ended in mid-March. 2. A move up followed by a corrective move to the downside which did not make a new low 3. Our indicators indicated we were about to...

bitdoctor Updated 

Thoughts and ideas are for educational purposes only. Similar to the TLT idea I posted not that long ago, I'm also expecting these T-Bond futures to have continues upside in the near future. Within the next month, I'm expecting a move into the mid 160s. The entire corrective cycle is complete from what I can tell and we've attempted to break through this...

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I've been following google for a while and have made decent trades with it. Right now, I'm leaning toward us finishing a move before a larger downside correction. The structure looks ok from an EWT standpoint with decent subdivision. Wave 3 target is sitting about $2430 before we start to coil and see a last move up to $2500 (or more).

bitdoctor Updated 

I would say that Cardano has been one of the better performing assets of 2021 and it's going through a bit of a distribution phase if you ask me. It looks like we're in the making of a bear flag in a complex correction. We appear to be moving back to the 61.8% retracement which should put us somewhere between $1 and $1.02. This is where I'd be interested in...

bitdoctor

TLDR: 2-4 year outlook here. need some more time before making a full decision to go into bear mode. We've been doing really well these last few months up until recently. Everybody making money. Euphoria. Now it's time to take a step back and look at the bigger picture. We've been discussing this internally for a few days now and looking at levels of...

bitdoctor

Just like with my S&P 500 post from earlier today, this is a large analysis that goes back to the charted beginning of bitcoin. I take it a step further starting from when Bitcoin had zero value. Lets pretend that starts in January of 2009. (Short term, as of 2/28 at 4PM EASTERN, I am very bullish with the price action down here in the mid to low 40's) According...

bitdoctor

While it is important to realize that we could drop at any moment, we also need to realize we are in a pivotal time in the market. There's a lot of history in here going back to the late 1800's. While everybody is waiting for an imminent collapse of the financial system and rotating into cryptocurrency such as Bitcoin and Ethereum, people fail to realize that...

bitdoctor

The initial move up is very messy here as you can see in the chart. There's a lot of spotty price action making it difficult to get a great count, but what I can say is from the bottom in December 2020 to where we are today, I see a potential for a 5 wave structure on a smaller degree that has wave 4 nearing completion. We are close to the 50% retracement on my...

bitdoctor

A lot of people out there are looking at the daily close and saying that we're bearish and we're going back to zero again. Be careful trying to aggressively short. Take profit on spot exposure, get some low leveraged shorts, sure I can get on board with that. Here's what I am looking at, however: First off, taking a trend from the lows in Dec 2018 to the high...

bitdoctor Updated 

Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. Oh boy look at ROKU doesn't that look juicy. Disclosure I would wait for a lower price to kick in. I expect a decent reversal day in the coming trading sessions. Keep an eye out for that! Right now this is why I have a bullish...

bitdoctor

Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. Starbucks looks to be trading at a discount and I believe it's ready for a slight pull back here after the daily open spiking up a bit. I assume a pullback to about $85 is likely over the next day or two then a trend continuation...