Bitcoin continues to linger in the range. So much for overly dramatic and reactive bearish predictions. Hopefully by now you are beginning to realize that opinions, especially those that are based on emotional tendencies are not helpful to hold onto. In this video I will explain the TECHNICAL reasons why we continue to be bullish, and how we select a price when...
Bitcoin recently sold off from the 10,400 high resulting in the usual run of the mill overly bearish REACTIVE predictions which may have convinced you to sell. Please realize, it is not their fault that they are unable to see the bigger picture. Reacting to price information is a very common mistake and a mark of inexperience. The first thing we told our followers...
The Bitcoin consolidation between 9564 to 10168 resistance zone and the 8500 area support is still in play. As I have been mentioning in previous videos, this pattern is typically a trend continuation pattern, and the bullish trend is STILL intact. In this video I will highlight the context behind the setup we would like to see in order to share a new swing trade...
The Umbrella of Fourth Wave is a Nasty Place to be but... there are ways to get around it. This video explains what to do when you find a market stuck within a t right range.
Bitcoin didn't sell off like many were ranting about a week ago. Instead, it found support around the 8500 area (like I wrote about) and produced a very aggressive buy signal which we mentioned but did not take around the 9000 area. So you may wonder, if we are so bullish on Bitcoin, why would we not take a new buy signal? It all has to do with the RULES that...
Range Box Part 4 ( this really is the last video on Range Boxes this weekend ) I wanted to show you a trade that a scalper might have taken.
Hello traders, Yesterday´s trade in the CURRENCYCOM:BABA market is the perfect educational content for today´s video! Channel trading, trend-lines, adjusting zones from the volume profile, and more. Everything included in the video with real trade description (including SL and PT)! Parameters of the trade (LONG ALIBABA): Entry: 196.15 SL: 184.56 PT:...
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
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 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 establishes another higher low off of the 9250 minor support, and has even offered a new buy signal relative to our LONG only swing trade strategy. This time, we are stepping aside because the probability and reward/risk are not attractive. It may be hard to understand for newer investors and traders, but not all signals are created equal. Context plays a...
#Bitcoin peaks at 10,400 before confirming a bearish outside candle formation. Is this the beginning of the next bear market? Maybe for 1 hour chart enthusiasts, but broader price structure CLEARLY hints toward further strength. In this video, I am sharing the ideas and elements that we evaluate in order to gain a sense of perspective that is RELATIVE to the...
#Bitcoin new buy signal has triggered upon the development and break of the previous inside bar high. Yet, many still argue that Bitcoin is a short. In this video I point out why I believe Bitcoin is going to low the 9Ks on the next leg, and what common mistake blinds the majority of participants to such a move. The goal here is to provide perspective, and insight...
1. We focus on price action, levels and probabilities. News, drama, and other non order flow related information carries little weight in our decision making process. I have been explaining that the probability of this overall location favors bullish reversals which is why we did not exit our swing trade long in the face of bearish order flow (see 7275 to 5464...
We've entered a period of short term compression. Bitcoin will stay inside of the relevant pivots until the 110 period mass reading compresses below the 0.7 value. To define the current overexpansion for bitcoin, load up the 110 period BB with a 1.25 standard deviation.
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil