cryptoGats

cryptoGats

Ok so what are we looking at and what is the takeaway? Bitcoin violated a minor trend and it fell down hard enough that it had enough downside momentum to pierce the secondary trendline in green. As I stated yesterday BTC was looking weak and today we got to see the drop, and it has not been able to go back up across the green trendline which means weakness. It...

cryptoGats

Ok so what is the plan of action now that Bitcoin has violated 2 uptrend lines? Immediately it will try to go to the $9,870.00 area and then rest at the $9,800.00 if either of those two areas does not hold the next drop could take us to $8,400.00. Our goal is to be able to get cheap into LTC, ETH, BNB, NEO and a few others, I hope some of you are beginning to dip...

cryptoGats

This is a quick view at a local time 45M (45 minute timeframe) In here we can see that BTC is going to touch down at the trendline and at the 200MA (45 minute 200 moving average) and if it closes below either then BTC is violating the trend line that started on the 16th. If this line is penetrated decisively than we are headed down for now. Down to where? Follow...

cryptoGats

This is an easy one, NEO has been making me good gains since a while back. It is resting at the bottom of a very reliable trendline. If you buy now under $10.00 you can double your money easily, just sell once it hits near or at resistance which in this case is the upper white line. If it goes down (Which it could) it won't go lower than $5.00 and the upside is...

cryptoGats

this is the 1D timeframe and you can see that Bitcoin is facing heavy resistance -- represented by the black line going across. Just what does that black line represent and why is it important? Well, if you look at the 1M (One-month timeframe) you will see that BTC has not been able to close the month above exactly this point ($10,800) This will be the third month...

cryptoGats

Looking at BTC on the 4H (4-hour timeframe) the move up over the weekend was not strong enough to pierce the 50MA on the 1D, it was actually rejected(50 Moving average on the 1 Day Timeframe.) if Price closes above the 50MA on the 1D and volume is strong then it could be time to consider a way to join the trend. Right now looking at the 50and 200MA on the 4H you...

cryptoGats

Looking at my chart for it to be a safe way to jump into my reliable alts, BTC needs to bottom out at those points of confluence I've laid out. It has touched down perfectly but that does not mean it has settled in, in that area. I'd avoid jumping into BTC directly since I've had better luck making profits with other coins such as LTC and ETH. In order to jump in...

cryptoGats

What are we waiting for? Simply put, for it to go a little lower but as stated in the previous post, start setting up your Altcoins Buy Orders. There are a few death crosses forming in the lower timeframes (2 hour and 3 hour) which will nudge BTC further down. A Death Cross is when the 50MA (50 moving average) crosses down the 200ma (200 Moving Average) in any...

cryptoGats

Bitcoin has entered the green circle which is the area where we need to start paying attention as I predicted weeks back. As BTC goes down further to $9,800 and possibly below, Alts like Litecoin, NEO, ETH, BNB will dip down fast to excellent buying zones. This is how you can play this move; With only 25% of your capital buy NEO at 8.5 NEO/USDT on Binance it could...

cryptoGats

First, stop buying without discipline, crypto can make you money but you must have a plan, stick with me and I will show you how to create a plan and why price does not matter. We can make money either way but we need "Can't Lose" scenarios all the time. Let's focus on what matters -- support and resistance. For the last few weeks, I've been showing where BTC is...

cryptoGats

Yesterday we hit our predicted target right on the nose -- which was the 200MA (200 Moving Average) on the 6H (6-hour timeframe.) Why are we tracking the progress of BTC and to where exactly? To know when to jump into Alts such as NEO, LTC, ETH, BNB. So, BTC will not stop here at the 200MA on the 6H, it will stop at the 100MA on the 1D (One-day timeframe.) That...

cryptoGats

Quick update: BTC is going down and it will rest for a little but not too long around the $10,500 area. It wants to go to the $9,8000 - $10,000 area where there is a lot of support. I pointed out this meltdown earlier in the week as there were signs that it wanted to go there. Now, there are signs that it wants to go higher, follow me and I will let you know to...

cryptoGats

In the macro view you can see that BTC has 1. Violated the up trend line decisively and 2. Fallen below the 50MA (50 moving average in yellow) and has landed on strong support. BTC will eventually land on that green X rest there for a while and finally, stop on the second strong support in the $9800 to $10,000 area. Once it hits that area it is a good buying...

cryptoGats

Bitcoin is following the path I laid out last week. If it ends up close to $9800 or 10K there is very strong support and a few points of confluence. Once we hit the 10k area LTC may be hitting the $65 area which will be a good place to jump into LTC to ride it to $200.00 due to BTC wanting to go to 15k from there. Back to BTC, right now it is being held by the...

cryptoGats

We know what BTC is doing in the long term, but what is it doing in the short term? Look at this triangle in the 1D (Daliy timeframe) The green X marks a very interesting spot where there is a lot of confluence of support, A LOT!. 1. The 100MA will be there soon 2. The trendline in green, 3. A major support line in black and 4. It is exactly the 61.8% ...

cryptoGats

For a long time now LTC has been working on a cup and handle pattern, there is really a "no lose" set up here. You buy after it exits the cup for some quick money, but if it invalidates the cup and handle, then you buy where you see the two X's for some serious accumulation in case of a double bottom. In either case, you are getting your money back and then some...

cryptoGats

Looking at the 6H (6-hour timeframe) BTC is about to have a golden cross which should give it another boost up and overall BTC is still looking like it wants to go up further. Price action always wants to be near the moving averages so there is a chance BTC could come down to the 10,300 area or a little below to pick up some bargain buyers before riding that...

cryptoGats

No, not until it violates the secondary trendline here in pink. BTC is still on an uptrend and it is important to understand that we need healthy pullbacks once in a while. There is also a golden cross in the 3-day timeframe that should help BTC get to that 15.5k place it wants to go to. The grind to the top of that triangle should be choppy and slow, but an up...