cryptoGats

cryptoGats

We're looking at Bitcoin's weekly timeframe because that's where the game is being played at this point. Why makes the 1W so important? 2 Major factors: 1. BTC has never melted below the 200MA (200 moving average) on the 1-week timeframe going back as far as 2015 (See image below), this means that BTC respects this Moving Average. One thing to be careful with is...

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What we are seeing now with Bitcoin and crypto is part of a never-ending cycle, the trick is to know which part of the cycle we are currently in. You'll make a small fortune by timing the bottom and the top. The bottom will reveal itself with volume and other indicators. What does the bottom look like? When price hits a point and refuses to go lower even after a...

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MOABZ (the mother of all buy zones) so we are in it now, this chart as most of you know has been extremely accurate and profitable for a few years now. The MOABZ was drawn sometime around October of 2021 and it was used to see where we could and should spend our trading bags. Back in November, I knew to sell my positions and hold until we hit a new bottom, truth...

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The secret to trading is in this post, and this post will be hidden away in the middle of nowhere. Please bookmark it, share it, and like it. Data is king and exchanges own the data, understand this statement fully. These are phrases you have to etch into your subconscious: Trading is the same as gambling and any trade is just a bet. Bet only when the odds...

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Bitcoin follows a well-established cycle of trading, right now we are towards the bottom, it is important to understand that this is not the bottom. The process of making a bottom takes time. It will then be followed by a period of sideways ranges and volume discrepancies. Happening right now: BTC is on a downward trajectory and stuck under a lot of resistance....

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Alts are tied to BTC and for now BTC will follow the Dow, why? Because the DJI is a direct reflection of the health of the economy. In a bad economy we can see that institutional money pulls out of crypto as well. If things continue to be this bad we will see the capitulation of some lesser-known Altcoins. Let me give you some perspective as to what has happened...

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Looking at the daily chart you can see how price has melted over the last couple of weeks. On the daily chart, we are very close to having a death cross. So far within a period of 2 months, we've had a golden and death cross which is not common. This mostly tells you that BTC was on an upswing which forces a golden cross until an external event influenced its...

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Last week we were taken out of the trade by our stop losses, on my last post we talked about that if BTC dipped down to $8500 it needed to dip down quickly and move back up quicker otherwise momentum would be lost, we even had an $8200 buy order. What went wrong? We did have a dip down but it was very slow and the recovery was very slow as well and unconvincing....

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As the Dow dropped by 12.4% from Monday to Friday, BTC dropped by 24% during the same amount of time. Today the Dow showed signs of recovery so BTC is doing the same. Individual retail investors did not provoke the sell-off last week, institutional money did. We had a 74 Billion dollar drop in crypto between Monday and Friday, finding stabilization only after the...

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There will never be another Bitcoin, but there will always be opportunities that can make you as much money as Bitcoin made early adopters. The trick is to be able to spot those opportunities and to take advantage of them, either in this asset class or when something new comes along. You'll like to think that if you bought BTC at $10 you'd be rich by now, the fact...

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BTC has interacted with the support line non-stop for over a week now. The one thing worth noting is that it has refused to close under the line, today's candle will give us strong clues. What BTC is doing now looks a lot like what was happening from November to January before we started moving up (example 1.a). With support and resistance, you will test and...

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The death cross had its effect and it was very short-lived. As of the 18th we have a golden cross that will have its positive effect on BTC's price, we have to look closely to see for how long. We do have a few indicators to track the strength and health of this effect. The goal with this golden cross will be to reach the 14k area which is where the next...

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If you did not FOMO you are in great shape. Isn't it a great feeling when you let the trade come to you? We waited patiently until BTC came down to our buy point precisely (which was set a few weeks back.) You are now buying cheap and safe from those that bought as we were going up (due to bad advice), and from those that set old style trailing stop-losses. If you...

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No question that there are solid good times ahead. Let's explore the charts and in different timeframes to find safe entry points, let's keep it short and informative. WHATS BTC DOING NOW We are currently going uphill with minor corrections along the way. We started loading up a few months back and got out once we hit resistance. We are looking to jump back in...

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The way I see it every trade should be a straight-up business transaction devoid of emotion. If you want to build wealth you only take low-risk high reward bets. Look at every choice you make and take that approach. Make a bet only when you know the odds are in your favor. Trading is no different, approach it as a business, learn how to value capital, think of...

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In the previous post, we talked about how closing 3 candles above resistance constitutes a confirmation that we are now above resistance. Do we want to jump in now? You could with a good stop-loss, but if you want to jump in using a much safer strategy let's go in on the pullback as long as the pullback stays above support. Why be so conservative with our entries?...

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Most of you have entered trading with the wrong mentality but through the right door and so you will lose your money fast and without learning anything. You'll leave the trading world disappointed and minus your hard-earned cash without realizing that you were at the right place with the wrong mindset. Crypto offers what no other asset class does; you have the...

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HOW TO COMBAT AND DEFEAT FOMO If you look at just candles on your chart and nothing else, everything looks random and that's how most people see price movement, but once you put the right indicators and the right trend lines on your chart, you'll see a pattern, you'll also see intent, meaning where BTC is leaning towards. In other words, without the right lines...