Weak markets do NOT linger around resistance areas, they sell off quickly. That is what I regularly remind our followers who are still long Bitcoin from 5750 and 7025. Is price in a vulnerable area? Sure, but until it produces a clear sell signal on the time frame relative to our LONG only swing trade strategy, there is nothing to do but let the winner run. In...
Bitcoin price structure continues to favor a push to higher prices. Although the 7300 level has not yet been cleared, the fact the price continues to flirt with resistance is a sign of strength based on the criteria that we evaluate. UNTIL the market confirms a change in the balance of order flow, we will continue to look for strength. In this video I explain what...
Bitcoin: Noise in the markets comes in many forms: price noise, inflexible opinions, hype, etc. It is one thing to consume it for intellectual entertainment, but taking action or making decisions on such information is NOT helpful at all for your trading account. There are many moving parts when it comes to evaluating a market, no matter what mix of fundamental...
#Bitcoin has been lingering at the current resistance level for a few days now, meanwhile markets that are weak do not linger, they sell off FAST. So what does this price action imply? In this brief video I explain what we expect from Bitcoin over the next week based on the clues offered by the current balance of order flow. We operate a LONG only swing trade...
#Bitcoin has established a new lower higher off the 7K resistance area, BUT is this a signal for bears to run rampant? In this video I explain why the following support levels should not be ignored since there is a greater probability of a higher low developing. This can be particularly insightful for those who are not sure whether staying in a long position makes...
Stoch broken up, bullish momentum on ewo, demarker just went to oversold area can keep on travelling there, we lookin bullish but the chart pattern says we are not bullish till we didnt break the line, so we either gonna break the line now or end of the year but as the halving is on the way in May, i believe we are gonna break it before the end of the year, the...
Bitcoin is now setting the stage for wave 3 of (3) of ((3)) advance. A significant rally should commence once the current correction is completed. I'm projecting that the upper trendline will accumulate sellers and signal the completion of wave ((3)). Looking to add more positions at $7450 area, while the key level on the chart is where we don't want price to...
#Bitcoin # Ethereum # Litecoin # ETHUSD # BTCUSD # trading #crypto Hello to all warching my chrarts Now as i told you yesterday the long chance has been here. Bitcoin climbed in my blue aerea ARROW (maybe you check that again from my previous post) And we are no in Long situation. AND whats in addition fine for that feeling my shortchannel system just...
Bitcoin is clearly attempting to break through and make new highs and continuosly failing to do it . Starting from January 13.th, we have obvious downward tendendcy (after making all time high), continualy had lower and lower rebounces like 20.000/11.700/10.000/8500/7400/6800. With all that said, Bitcoin as failing to breach 6750 in 4 attempts (while making...
That is 1:1 ratio of nr. of coins on both chains (BCH+BTC) I am hodling BTC for years (since 2011) and will continue to do so for quite some time. I have sold too soon and then had to rebuy in 2013. I am taking in title described strategy for at least a few of the following months for several reasons. - Dominant market cap (150 billions atm, 65%) - Very...
Bitcoin is only going to gain more and more traction over the coming years better to invest & be patient as this could really gain some traction in 2018-2020. young-traders.com