My current projection exists within the "Price, Time, Pattern" boundaries of analysis. As I see it, geopolitical events (worldwide but especially in the U.S.) are expected to ramp up. Some chaos and civil unrest may ensue. This will greatly impact the broader markets negatively. Bitcoin, which currently rides in tandem with the broader markets, will also become...
Hello Traders, Quick post to update. We've reached our $17,146 target. It is my comfort level to take most of my profits here. For those who are more risk adverse, you may decide to hold. I do not feel comfortable holding any longer. My target of $17,146 AND $17,784 were both reached and we are overextending ourselves here, IMO. RSI is overbought and we're well...
I'm going to put this out there, like I often do. I don't see this recent Bitcoin move as a breakout. Yet. $12,500 must be breached AND confirmed on the daily. As you know this requires (2) two candles, (1) one to break above and (1) one to stay above that area which is currently huge overhead resistance. Also. See that slightly downward sloping BLACK trend line?...
A little premature to know for sure, but this is looking like a reverse Cup and Handle pattern to me. If we confirm it by breaking and remaining below the neckline on the daily, we could see prices at or around $8000 by U.S. election time frame. It is worth noting that this move would be in correlation with the broader markets (S&P, DOW, Nasdaq) in which I...
If the chart plays out, could be deep trouble for BAT HODLers! I see a reverse Cup and Handle pattern here in correlation with the broader crypto markets and Bitcoin. Also, crypto markets are in correlation with the broader markets (S&P, Nasdaq, DOW) which is currently seeing a Head and Shoulders pattern in full swing with more room to move down. I don't want to...
A few more days. Maybe weeks? We'll get there. Right in sync with SPY hitting the 200 day MA I think.
BTC hit bottom of channel at 10,488 which provided great support. Looks to continue upwards now to previous targets of 12,927 and 17,146 via the slower moving upward trending GREEN CHANNEL Because this occurred more rapidly than expected, I the probability of hitting my earlier predicted BUY TARGET of $9,800 becomes less likely. I chose to buy here...
Is it too early to call this H&S pattern? We'll soon see.
Greetings dear traders, Here's what I see happening on the charts. BTC market has gotten ahead of itself. We are now consolidating and entering back into the "Larger Uptrend Channel". We will still reach our targets or 12,927 and 17,146 after that. It will simply take a little more time if we reside in this channel. As you can see from the chart, we should find...
Yes, I said it. Bold prediction I know. But, the way I read the charts, it looks as though all the stars are aligned. I've been wrong before (why I always set my stops), I could be wrong again. But geez people, just have a look at these indicators!
We now will begin our final descent as previously predicted (see ).
Greetings Traders, As you know, I post very little on TV lately. This is mainly due to the fact that I have transitioned my trading style from shorter term (days, weeks) swing trades to longer term (weeks, months) swing trades. I have found myself to be much more accurate, in terms of charting analysis, in this style of trading, and thereby, more profitable....
Hit the bottom of multi-year triangle. Bottom of the triangle has NEVER been broken. I don't expect it will be. If ever there was a buying opportunity, IT IS NOW!!! NOW!!! NOW!!! Target shall be $9000 or top of the triangle, whichever comes first. Happy trading!
Ok traders. New chart here. Let me quickly summarize where we're at: We didn't quite hit my price target of 11k in the last trade. That's not all bad. Proper risk management should have dictated that you sold some of that trade on the way up. And if you're still in, no worries. I am even more optimistic than before. We have now dipped below our previous...
Hey guys. Quick post to let you know that I'm watching these moves closely. Neutral stance right now with longer term (months out) bull bias. Any dip below our supports in the chart above signifies and longer correction which could last weeks before we continue up. If we dip below our supports ( the red trendline and purple horizontal on the RSI), we'll end up...
Hi guys. Just a quick post to show how perfectly our supports held. We still haven't reached our target zone (see previous posts); however, proper risk management should have dictated that you at least sold a bit of your holdings for profit. I still believe our target zone is in site. And then? One final HUGE hurdle as we look to escape our long-standing triangle...
Ok guys. You can see I called the .30 cents hit spot on. If you have been hanging with me on this one since the .20 cents mark, you should have nailed %50 gains. That's remarkable! Time to take those profits. Do not get greedy on this one. BTC (which the market follows) could still drop to 6k one more time before we're finally 100% bullish
This trade is now active friends. All signs say "GO"! Refer to my previous post below for more information on how I've come to this conclusion.
