Yesterday’s analysis /position: Regained confidence in my position due to div' in OBV and lack of follow through from bulls above $7,500. Short from $7,398 with stop loss at $7,826. Patterns: Triangle and trend Horizontal support and resistance: Strong R: $7,766 Strong S: $6,800. Weak S: $7,318 BTCUSDSHORTS: Violated 20,000 support and quickly rebounded. Funding...
Yesterday’s analysis/position: Closed long at $7575 and opened shorts from $7,348 - $7,397 due to the resistance cluster from the triangle, the 128 day MA, the Ichimoku Cloud, the Bollinger Bands, established horizontal resistance and a perfected sell setup on the TD' Sequential. Price being +14%, and longs paying shorts on Bitmex provided great confirmation....
Yesterday’s analysis : Rally should take us to the bottom of the triangle and the 128 day MA - around $7,600. Then pullback to $6,200. From there I expect us to find a base and rally back to $10,000. If you missed it I would highly recommend checking out the Bitcoin Bubble Comparison that was posted yesterday. Patterns: higher low/diamond bottom. Inverse h&s...
I have been spending less and less time looking at the 4 hour chart and have removed that part from the title. Moving forward the daily update will primarily focus on the 1w, 3d and daily charts. Outlook 1-4 weeks: bullish 4 weeks - 12 months: bearish > 1 year: super bullish Projected Bottom: $4,975 = 20% likelihood | $4,000 - $4,200 = 30% | $2,500 = 15% |...
BTC has been hovering in the 6200-6800 range for the past week. Bears expect it to break support at 6100 and then to go down below 5900. It is unlikely to happen. After this period of consolidation, small bullish divergences are appearing. The clearest one can be visualised using the MACD histogram. Although it is a lagging indicator, it has a solide track record...
Yesterday’s analysis: Wanting a red 9 on the daily (Wednesday) in confluence with red 9 on weekly. Thought that it would pullback to $5,000 by then, is currently much more bullish than that. Patterns: Higher low on daily. Inverse h&s with neckline at $6,800. Weekly Triangle Horizontal support and resistance: R: $6,500 S: $6,200 BTCUSDSHORTS: Threatening to...
Outlook: 1-5 days: bearish 6 days - 1 month: bullish 1 month - 6 months: bearish 6+ months: super bullish Yesterday’s analysis: Waiting on the weekly 9, wondering if we will grind downward slowly, or get some capitulation Patterns: 4hchart: Rejected bear flag. Bullish A-B-C-D pattern. Inverted h & s invalidated with move below $6,260 Horizontal support...
Continuing with the new theme please see the checklist and notes below. Conclusion is the same as yesterday . Outlook: 1-6 days: bearish 7 days - 1 month: bullish 1 month - 6 months: bearish 6+ months: super bullish Yesterday’s analysis: OBV consolidating, Weekly 9, Daily amended countdown, resistance from 50 day MA. Expected downtrend through Sunday and then...
I am going to try doing things a little differently moving forward. The bottom line is that I have been spending much more time on this each day and seeing too little return in terms of networking and community interaction. The checklist below is what I go through every day. It is a list of my most important indicators in order of importance. There are so many...
Yesterday we examined the weekly chart and noted the strong buy signal from the Stochastic as well as the Tweezer Bottom from last week. I also noted that the RSI had climbed back above 50 for the first time in two months and also pointed out bullish divergences in the weekly and daily OBV . We have also been waiting for a few days on the 50 and 200...
Yesterday we looked at the reasons why I am expecting a $750 - $1,000 pump from the current price level. Today we will look at the mounting bullish indicators and ask ourselves if they are enough to bet against the bear trend. Today is Sunday and we only have a few hours left before the weekly candle closes. We are on a red 8 out of 9 on the TD Sequential...
hi all of my friend here is my new forecast for btcusd ready to enter in proper point
I think we will have the same exact setup for Bitcoin as before. $6000-6500 seems like a steady price for BTC, I will be surprised if we break lower than that.
BTC/USD has lost much and is now once again under the 50 EMA as well as all other EMAs. The prices have currently consolidated and a breakout further below is possible as it's currently under a lot of sell pressure as MACD confirms. It doesn't have a firm support yet to retaliate and go higher. That being said, it's very possible that it will go further below to...
Looking like some viable entries Mid-Term shorts down to $7000 as BTCUSD continues its steady downtrend.
Long BTC/USD but maybe again will drop down
Looking like some good opportunities for short positions on BTCUSD.