blesdawg

blesdawg Updated 

BTC Long - chart says it all. Hidden bearish divergence on weekly. Everything adds up. I don't go into more detail. Just get ready for the ride :)

blesdawg Updated 

Real quick - Bearish ascending wedge. Hidden bearish divergence on OBVOSC, sitting at decent resistance. Not a super high probability trade but cut losses over 7700 (on bitmex) and the risk to reward makes a hell of a lot of sense. I'm currently short with an entry at 7680 so my risk is about $45 per btc, reward well over 3x that. Cheers.

blesdawg Updated 

Morning ladies and gents, Take a look at my last several posts for more info. We're filling out this ascending wedge which is bearish because we're setting higher lows at a lower rate than we're setting higher highs. Also couldn't break 9.6 and hold which as I mentioned in my previous post, was a key level to break and hold to be able to have any bearish...

blesdawg Updated 

Sup guys, Quick little analysis on BTC. Mid-term short worked out great from mid 8k down to 7k. We've since had a fair bounce and close off a low of 7040 which is in a huge demand zone and on the triangle drawn. The triangle simply shows that BTC is ranging up and down with price indecision and a tightening range. It can and very well may break down the triangle,...

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No time for written analysis. Could break up too. Not sure if I expect the rebound to surpass 7600. Simply a decent short play here if you got or can get some bids filled up high with a tight stop above 7575-7600.

blesdawg

Alright so here's the game plan coming up for bitcoin. We are in a DOWN-TREND. When we're in a down-trend, you don't try and buy the dips, you try and short the pumps. I have a target of 7.2-7k right now and have for a couple weeks now (see my previous posts which i posted links below. These go into more detail on why I had this target for the last week and a...

blesdawg Updated 

The chart is all you need. The naked chart. If you pay money for some program, unless it has top of the line AI which doesn't exist yet, the naked chart is all you need to be profitable long term. You don't even need to know anything about trading to see the pattern here lol.

blesdawg Updated 

To start out, I normally think of head and shoulders as just a meme that doesn't work. With that said, a true head and shoulders that has been proven to be correct more often that not is defined by having high volume at the troughs or peaks of the head and shoulders. In addition to that, I don't necessarily believe in the head and shoulders being necessary but...

blesdawg

I'll update with more details later. There's hidden bullish divergence. But do you notice anything similar about these 3 boxes? A dip is coming but I think there's a fair chance it will just stop run which will get us some short rocket fuel to propel past 8.8k and back into a bull run. I'll be shorting any pump that we get in the mean time. I think 8250 would...

blesdawg Updated 

Hey everyone, Here's my updated analysis on BTC at the moment. I have given three different scenarios and I will explain why. First of all, bitcoin failed to make a new high on this run up and got stopped at 10k. Since then, we have had nothing but downwards movement and there is little reason to trade long at this point until we get a solid up daily candle, or...

blesdawg Updated 

Who's ready to make some $$? Because I have a special treat for you. Buy ETH/BTC pair on bitmex with leverage, or just buy eth because it will outperform bitcoin by a long shot very very soon. Not much else to say about this other than you can buy now with a stop below .084000 satoshis. Don't expect it to fall by any means, but your risk is very minimal...

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Watch

blesdawg Updated 

I have been watching bitcoin today for about 6 hours and have been looking at every different possible scenario, analyzing it, waiting and processing each candle that is printed. I think I have found one of the "big ones". One of the 90% sure this is correct kind of trades, but also that may have a powerful pop even on high timeframe candles. Look at my most...

blesdawg Updated 

Here's what I'm looking at.

blesdawg Updated 

After further looking into bitcoin, every different chart timeframe, and consolidating that all mentally, here's my current and final prediction for bitcoin. Bitcoin is still in a short term down trend thus it is foolish to be bullish on it short term. Predicting where it will bounce rather than riding the trend is highly profitable, easier, and just out-right...

blesdawg Updated 

BTC is about to drop to between 9160-9220. This is a short term scalp in which I do plan on filling in the green boxes below as well as putting bids to re-enter a long. The red lines below are the stops for my longs.

blesdawg Updated 

This explains part of my short term idea on why I will be shorting down to 9215 and then looking to relong for a potential break back up to new highs following the consolidation in this key range. See my previous posts for more info.

blesdawg Updated 

So now that I've had a few more hours to look into things further, here's what I have. The original plan was to short in this range. I would have continued to short in the 8,450 to 8,450 plan as I have outlined in previous posts had I not noticed that we are forming a bullish ascending triangle. We are setting higher lows while price continues to squeeze up...