We have broken down from the symmetrical triangle, odds have been favoring this breakdown. Measured move down from the break is roughly 23.5k I almost always give a prediction of where I think price is going for the next 24 to 48 hours and today I really cant see anything. We are off the reservation, broken pattern, we need to wait for structures to form. I can...
BTC attempted to breakout of the symmetrical triangle, we came back down and have failed the retest and looking to test 37k again. Potentially we have actually bounced 37k and could be testing the trend line again next 4 to 8 hours. I see a scenario where we break again to test 40k to 41k and get smacked violently down. Given bearish context I think probability...
Slight pullback today after a couple nice green candles. We are right in the middle of this trading range. Showing some weakness at getting above 37k, BTC is signaling a trend we have seen a ton the past month, getting to significant resistance, failing, testing downwards. We don't have many bites left at the 37k mark. MY PREDICTION = I think we fail 37k the...
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Having a real tough time calling where BTC goes today. This is almost a day of forming a higher low, it arguably has significance now. This is what you want to see for a bullish trade setup. However I was wanting a proper 33k test. So I need to watch my own bias here. The daily isn't blowing me away, we may need a close of this daily to ascertain exactly what we...
I'm seeing BTC in a symmetrical triangle currently, a fairly weak one that needs further confirmation. We failed to break and stay above 40k again, this is a trend of weakness we have seen since the 59k test start of May. Considering this recent downtrend, does probability favor breaking out of a neutral triangle? No :(, it doesn't. Measured move down from...
Not much has been happening, we've been in a LTF downtrend for about a day, unable to break above minor resistance. Price on the bearish side and my prediction is eventual breakdown to retest 35k. You would think we cant get much more bearish after the flush out of overleveraged longs. But that line of reasoning would suggest its unlikely to go under 30k, and I...
Its been a terrible couple days for the markets. Hope yall doing alright, feel free to shoot me a message if you're struggling. BTC bounced nicely off 30k, that's the most bullish I have seen things since arguably the 5th of may when we were trying to break 59k. It was a really unconvincing move to 40k, price action was weak and defined more by an absence of...
We bounced from 42.2k, but we keep coming down :( We are sitting on the bottom of a fairly significant lower trend line of a descending channel. Bouncing here is very nice. We've had some above average volume. But we need more. We need the small pumps that help get us above minor challenges like 45k. We need some kind of bullish daily candle close. We need more...
We tried a 2nd time to break 51k, failed. We couldn't break the recent high when we should be expecting lots of buyer support for a strong rebound. I have a minor ascending triangle that we are currently breaking down below on the 1hour. If we establish another low below 49k here... its weaker than a 60 year-old mans weewee stream with a 14 carat kidney...
BTC has broken a minor trend line, resistance, we are 30mins or so from the 4h candle close, if we can stay above it it gives a slight leaning to continued uptrend for next 4 to 8 hours. It could act as a decent trigger for DEFI alt trades imo. We also interacting with the 51k, so if we cant break that before this 4h close then that would suck haha. Kinda...
That 46k dip was scary, not gonna lie, theres a lot of things going on here that we wont get a clearer picture of until 24 to 48 hours from now. I have heard exchanges were having issues with processing liquidations and just general outages due to the extreme panic. This may explain why we didn't see any sharp bounce at 50k, big money was unable to get in. I'm...
My STF BTC prediction today, found at 14:00, we going sideways to test 57k and 58k, there wont be much volume, firm rejections that eventually capitulate into a dump downwards. HTF prediction we bounce at 55k, then possibly go 53k and 51k. We haven't seen much volume in this rise, bears are resting, imo they have shifted to short term longs and baiting in as much...
Yesterday I gave a 50/50 we go down, to which I was bearishly leaning towards the downside. In hindsight I think all that was needed to justify a move down was simply the lack of volume and the overall weakness in attempts to break 58k and 59k. We saw again BTC attempt 58k and fail right before the 55k plunge. That was a sad effort at a rally! Today I'm seeing...
We've been testing 59k mark again the past few days and haven't had the volume or bullishness needed to break it. This has been a really healthy accumulation for BTC though, each time we have failed, money has piled into alts. Overall, since we bounced back from 50k, this price action has been really healthy. Sideways BTC = best BTC. In todays vlog I give my...
Welcome to the daily crypto vlog, hope you're having a grand old day. Today I explored a couple trending BTC tradingview ideas and gave my interpretation and thoughts on them. Shoutout to @TradingShot, @MMBTtrader, @P_S_trade, @caldooninvestment and lastly everybody's favorite, @EXCAVO All of them had good points, I love the rising wedge pattern find of...
Heya guys! Hope ya'll having a grand old day. This week I've been getting idea overload, in this video I discuss how its impacting my TA and trade decision making. I try to simplify things a bit and ascertain exactly what signs I'm looking for from BTC that means danger! --=-TimeStamps-=-- 0:00 = Heya! 1:35 = My favorite color is orange. 3:50 = Trend lines that...
On smaller timeframes we have a bearish descending triangle and what is possibly the start of a daily downtrend. If we cant break this upper trend line we come down to 55K. I would prefer the correction, but TA at these timeframes can be contradicted easily. I made a big mistake yesterday in letting myself get pulled in different directions and not paying...