blesdawg

blesdawg Updated 

Daily close above previous resistance of 9.5 and 9.8k. Strong support matching with the bottom of this bullish pendant. Hmmmmm. Bids at 9675 (bitmex price) if you know what's good for you.

blesdawg Updated 

Here's what I got guys. I was bearish on bitcoin because of the very obvious bearish divergences (which are still present, however, can be broken if we get a pop on volume here. Here's a nice support zone in green, which has proven to be good support further off this graph. We have a pendant that has the potential to break upwards, and if not, your tight stop...

blesdawg Updated 

Here's what I got guys. I was bearish on bitcoin because of the very obvious bearish divergences on larger timeframes (which are still present, however, can be broken if we get a pop on volume here.) Here's a nice support zone in green, which was previous resistance if you look at the last time we hit 9.7k, now turned support. I will be buying / have bought in...

blesdawg Updated 

Looking for 9740ish. Not gonna hold any significant long hoping to break past the recent high because of the major bearish divergences, however, I will be holding a small amount just in case. Bitcoin bull runs can be irrational.

blesdawg Updated 

If you take a look at some of my recent ideas, you'll see I made note of 8.9-9k being an area of resistance. As we have found this level once again, the consolidation that has followed is showing signs of a bounce of at least $150-$200. The lower timefram charts (as well as up to the hourly chart) are should bullish divergences on the RSI and On Balance Volume...

blesdawg Updated 

As much as i would love for this bitcoin bull run to continue, there are some eerily similar patterns between this and when we attempted to break 11.8k. Not to say that we won't break this resistance, as consolidation under a resistance is a bullish pattern, but there is a very real possiblity of having a large sweep down to 8.4k, as I have been posting about....

blesdawg Updated 

Massive 1k decline followed by a bounce with decreasing volume. Failed to break newfound resistance at 9.3k. Time to chop up the mainstream trying to get in on the new found "bull run" before we see new highs. Target: 8.9-9k

blesdawg Updated 

I have been short since 9420. BTC has a clear resistance here as we can see, and with the last 3h candle closing a downward hammer just below 9400, I decided to take a short with a risk of $50 and a reward of between $200-$400. Looking to take profit and potentially go long around 9070. It is possible that this short term bull run is over at least for a few days....

blesdawg Updated 

As you can see by the red box, bitcoin has struggled to break the 9.4-9.6k range of support - and badly. The sell volume following that spike was huge. Bitcoin's first resistance in which it could have bounced was 8.9-9k. There was a very noticeable lack of buy volume at these levels and thus it's safe to assume we're headed to the next support zone in the green...

blesdawg Updated 

short or die

blesdawg

Check out the left chart and the vpvr. Those "gaps" in the VPVR is where the price tends to swing fast and the long bars are where resistance/support are.

blesdawg

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