tired_man_willis

tired_man_willis Updated 

Weekly Wrap Up on Bitcoin *NOT FINANCIAL ADVICE* News - SEC will review their decision on the Bitcoin Futures ETF's that were denied the other day. (www.coindesk.com) - China is banning blockchain related activity in Beijing Province. - Why Bakkt can be a gamechanger (www.ccn.com) - CNBC is the perfect Counter Trade Indicator (sludgefeed.com) Bull Scenario -...

tired_man_willis

Looks like we have a possible H&S Pattern playing out. Bull Scenario - RSI is still doing good after the hidden bull div earlier. - MACD has completed the Bull crossover, still waiting for the daily to cross. - If the bulls can clear the $6850 zone and hold, then it's likely we can see a retest of $7k. Bear Scenario - Bulls fail to break through the zone...

tired_man_willis Updated 

Falling Wedge BTC 1hr. I closed my long from $8050 earlier after we rejected multiple times at $8318. I plan on opening another in the same zone and will place a stop around $7850. Falling wedge is a bullish pattern, I still expect us to test $8600-$8800. MACD is still bearish though a crossover looks to be possibly in the works. RSI is still high on some of the...

tired_man_willis Updated 

News: - More articles are being published with positive news in regards to the CBOE ETF. - A Top 10 Crypto ETF has been filed by Bitwise Asset Management. Bull Scenario - Bitcoin pulls back, retests support levels $8100-$7800(this is the near term low) - Consolidation forms, with a bull flag, around the low $8ks before we get another leg up. - $8.6-$8.8k is a...

tired_man_willis Updated 

News - Blackrock decides to get involved with Crypto. www.cnbc.com - Goldman Sachs new CEO is interested in Crypto. www.cryptoglobe.com Bull Case - The Inverted H&S that I called last week has played out. - Target is still around $7.8 or just below. - Lots of money has flowed back into the market as a result of this push. - Volume looks great! - New support...

tired_man_willis Updated 

Update from Last Week - Bitcoin pulled back after that nice rally last week. - The H&S I had painted didn't play out and BTC topped out at $6800. (Lots of traders on r/BitcoinMarkets were talking about setting up shorts at that price including myself.) - Now we are having the pullback. Bull Scenario - The Inverted Head and Shoulder plays out and we get a push to...

tired_man_willis Updated 

BTC Update Bull Scenario - The Inverted H&S on the daily plays out and we will get a good bounce to the upside sometime next week. - News of a Euro ETF was posted yesterday. (www.coindesk.com) - We've seemed to hit a nice short term bottom. Bear Scenario - Looks like a Head and Shoulders will form and retest $6430. - However, this will play into the Inverted...

tired_man_willis

Looks like a possible Inverted H&S may be forming here on the Daily. - The Binance news didn't seem to affect the market due to their professional handling of the situation. - The current Daily Candle is hitting the 30 and 10 EMA. (The circled area) - Give it another day or so to resolve but it'll be interesting to see where this goes. - The bulls will need...

tired_man_willis

As much as I love it when BTC moves up, it can be easy to FOMO in after a few days of green. I'm still going short on BTC and adding to my position. Bull Scenario - Bulls push to $6.8k and if they clear that then $7k. - The catalyst for Bitcoin to truly reverse the trend will be the ETF Bear Scenario - Patience wins out every time as we can see a bear flag...

tired_man_willis

Analysis - BTC had a nice little short squeeze today. - I'm still bearish short-term but bullish long term. - RSI has moved up which gives it room to drop along with the price. - If you look at past historical chart data you'll see that it tends to flatline before going bullish again. (We haven't flatlined yet.) - We are bouncing off that major trendline...

tired_man_willis Updated 

Bear Flag on the 4hr. It's too obvious at this point what will happen. Measured both moves and the drop was around 15-19%. Opened a short here @$6725 and plan on riding that sucker down. Load Ze Korean Fud

tired_man_willis Updated 

A possible Inverted H&S is looking to be forming on the BTC 4hr. - Volume is looking ok, bulls definitely need more. - RSI is hovering around 34 after bouncing off of super oversold conditions. (The daily has it lower) - MACD is showing a bullish crossover. - My entry right now is set to sell just below that resistance line. Notes: - Overall, I'm expecting...

tired_man_willis Updated 

After the nice rally we've seen traders taking profits. Currently, the candles are getting slapped down at the EMA's. We haven't hit oversold conditions on the RSI just yet but are getting close. Volume on the buyers side still hasn't really shown up just yet. Overall, the area between 2700 and 2600 satoshi's has been a good support zone for Cardano. I'll be...

tired_man_willis

Analysis of BTC on the Daily Chart. - BTC has been trading between $7-$8k for a good bit now. This is a sign of accumulation. - Volume has been decreasing (part of accumulating) so I expect some major moves in about a month or so. - The 10 EMA is catching up to those green candles which is a good sign. Once the 30 catches up and supports it that usually means BTC...

tired_man_willis

OMG approaching a key support level. The purple lines are resistance/support. The orange are the trend lines. Here's a quick run down: - Volume is looking good and is declining. - MACD is looking to swing onto the bull side. - Candles are still getting rejected to by the 10 EMA but despite that, all three of them are getting close to catching up with the 4...

tired_man_willis

ICX had a nice 22% bounce since the bounce from $7k. After some green days we are finally getting the pullback that is needed. BTC is floating around $7.5k for the time being and can possibly retrace a little more around $7200. That being said, a drop in BTC will result in a drop in alts. This box that I've drawn is my buy zone and I have a few orders layered...

tired_man_willis

I drew this yesterday on the 4HR because I wasn't too sure if we'd bounce. Sure enough, BTC bounce'd back up and is meeting resistance just above $7.5k. It's forming a nice little channel here with decreasing volume (No real follow through). I missed this rally myself, I'm still waiting for a retest of $7-6.8k, and won't rush back in. Historically, there's no...

tired_man_willis

Here's the bear flag, next major support zone is $7.2-7. Following that, $6.5 and then $6. Currently the RSI ON THE DAILY has bounced from the 30 to around 35 now, 20 is still my target zone (because it historically bounces around there) before I scale in though I may take a small position in later tonight. I don't think it'll get that far but we shall see!