joshbuilds

joshbuilds Updated 

To start this off i would like to clarify that i am a believer in the long term story of bitcoin and do believe it will soon break to new highs. That being said, i think it has come a bit too far, too fast. To get an idea of when we might pull back and how far i decided to take a look at our 2014 bitcoin rally. In the 2014 bitcoin rally bitcoin, one of the major...

joshbuilds

I've noticed as of lately everyone is getting super bullish and calling for new highs so i thought i might present you with a bearish scenario. Though i am long term bullish on bitcoin i think we might now be overdue for another pullback! On the daily time frame we have just experienced a bit of a pullback in the face of a market structure top and Divergences on...

joshbuilds

In my previous post yesterday i called a breakdown in bitcoin. Shortly after we saw the price start to breakdown. On the higher timeframes (daily and 4 hour) we still have a bearish divergence working which has me still thinking bearish about the market. On the lower time frame you can see we are forming a bearish wedge as the price slowly climbs upwards. The ...

joshbuilds

Hey guys quick post as i noticed the market breaking down. On the 4 hourwe tried breaking out but instead put in a divergence and railroad track reversal. On the daily we failed to tag 38.2 of the larger range and have a bear div working in RSI and MACD. All this put together i think we are at least headed for the 38.2 of our current range which is located around 6800.

joshbuilds

A couple days ago i put out a post predicting that we would break to the upside. Despite all the bears calling for the market to break down we ended up breaking to the upside as i predicted. The previous trade i posted is still working away with targets around 9800 and my stops have been moved to the 8550 area to guarantee that i lock in some profits . On the...

joshbuilds

Hello my fellow cryptonauts. Normally i stay as an observer to crypto content but i decided i might give my 2 sense today. As you can see on the 4 hour, RSI momentum recently put in a double bottom and may soon breakout. We have also just completed a move higher and are currently in bullish triangle consolidation. Bullish triangles have a 70 to 80 % chance to...