ActiveCrypto

ActiveCrypto Updated 

Looking at an over-analyzed chart can hurt your eyes; however when you spend +30 seconds looking at how the structure of price forms around each long term and short term trend you begin to see the art work that's been painted for you to follow as BTC trends along. Blue Circles are price action points where major trends will interact with price. The location of...

ActiveCrypto

Our last publish was a day trade winner. We are looking for reverse signals and bounces between all these channels that have been formed on the short term scale.

ActiveCrypto

I published another idea that shows the shorter term in more detail. It helps to see BTC's historical behavior to understand my opinion moving forward. We are waiting for a high volume reversal off the downside to begin another push higher. We need a capitulation to be concise. That's usually confirmed with high volume. The target of $14K to $25K is not...

ActiveCrypto

The short term picture is downside while the market finds stronger confluence. Bitcoin never made it's traditional pull back below 70% after peaking twice over $50K. This could be the start of something on the bigger picture to find that stability to make another major run.

ActiveCrypto

In this Scenario if price completes another wave 5 down, we will see another 1-5 after an ABC correction of the first move down. Love it or hate it, it's a possibility.

ActiveCrypto

EWaves. Comment with questions or criticism. I don't offend.

ActiveCrypto

Key levels and prior support or resistance areas are being burned through. Prices doesn't have to correct. A trend is a trend until it's not! Right now I would recommend considering plan B scenarios if the current up trend is frustrated. Higher volume has picked up on 30M and 1Hr time frames and RSI is peaking out on the 4H chart. Furthermore there is 1 Hr...

ActiveCrypto Updated 

BTCUSD is approaching a critical break out attempt. My idea focuses on being patient as a trader. Price still needs to work it's way through two correction support and resistance trend lines that are showing obvious signs of resistance to the current bullish move. Textbooks say that because the neckline of the forming inverse head shoulder is sloped downward...

ActiveCrypto

Day Trade: Short setup on BTC. It's happening fast so putting this out quick. This setup would confirm an inverse head and shoulder and possibly confirm a reversal of the current down trend. Time will tell.

ActiveCrypto Updated 

Why wouldn't you get in a trade that is trending? RSI and MACD have both signaled a bottom, a large volume of bulls have reentered buying, and we're at a key long term trend level. Price has just droped below the long term trend. I anticipate that if the current price trend closes above the range of the noted daily candle's range and the long term trend line,...

ActiveCrypto

Often times RSI is a good indicator of a trend reversal. This same trend can be spotted on the 4H chart. Read up on trend divergence. Inevstopedia is a good library for studying "Divergence." Basically the trend of price lows are running opposite the trend of RSI lows. The downward pressure/momentum of the bear run is losing strength. This is a weakening...

ActiveCrypto Updated 

This is a short term idea as BTCUSD looks for support long term. A 4H trend (Blue line) and structured support at $12,750 (horizontal yellow line) stand in the way of the current upward trend (red target box). If the bears push back the current movement upward; look for a deeper pull back to the long term daily trend. Volumes are getting higher and higher as we...

ActiveCrypto Updated 

Price is pushing on a key level. 20,000 satos is looking like a tough resistance zone. If candles start posting above the prior high we could see a nice bullish run to 38,000 satos the next long target 1.272 fib extension.

ActiveCrypto Updated 

BTC made a breakout attempt of a short term counter trend that failed. Price has returned back under the counter trend line (TL). Price action is accelerating to another long term low. Look for setups around the longer term TL in yellow. This area also happens to be a Fibonacci 76.4%-78.6% retracement zone. With a lot of traders back to work there could be a...

ActiveCrypto Updated 

I went back and analyzed prior bull runs, looking specifically at Fibonacci retracement levels and other confluence areas. Bitcoin loves to reverse in "The Box," on prior highs, and on trend lines. The box consists of the 50%, 61.8% and 76.4% fib levels. One thing to note is that 50% is not an actual Fib level rather a traditional level that has evolved...

ActiveCrypto

Look for the "neckline" area forming around $11,500 for an exit point. Price may take a considerable amount of time to reach this point compared to the run down in price. Be patient and look for signals on larger time frames.

ActiveCrypto

Looking at historical levels of volume at pivot points and reversal zones (magenta lines), the closed volume on a 1H candle is as high or higher then previous pivots. This is a strong sign for a reversal. The bulls are returning to the market.

ActiveCrypto Updated 

BTCUSD is sitting in a perfect setup for a day trade. A nice target is made if you take a cluster of several trends, patterns, fib retracement, and support/resistance. IF price breaks down below the current support level, your entry would be somewhere below the previous candle low. The confluence target zone consists of a descending/falling wedge trend line,...