BitCapJNY

BitCapJNY

DOUBLE BOTTOM/ V BOTTOM Nice bullish reversal -could be gearing up for a brief move back up. Before making an entry, will wait to see if PA maintains support above the current resistance line (inside the green circle) What do you guys think?

BitCapJNY Updated 

Played the breakout in the chart below -been in a 20X short since falling below $9K. I don't like shorting BTC, but hey. Looking like we'll soon get a bounce up to cover that CME gap created this weekend. Could continue to drop lower and cover the $7.7K Gap.. if we bounce up first, it's all but confirmed we'll head back down to fill it. Re evaluate once...

BitCapJNY Updated 

Hey all - Hope you're all having a great night/morning! BTC hasn't been making this easy on us. GOOD. So.. Looks like we have some Bullish Divergence here.. Next node on the VPVR is around the $8.9K area Money is obviously leaving... BTC dominance is rising, people are cashing out their alts and most likely cashing out their BTC. 1. Selling your BTC...

BitCapJNY

Here we go again.. Finding support on the 8:1 Gann Fan. A leg up to the 61.8% Fib Retracement would make sense here.. but I'm not seeing the momentum. MACD is forming Bullish Crosses on the lower TFs, but again.. momentum is weak sauce. IDK if I want to trade this one.. What do you guys think?

BitCapJNY

We are still in an uptrend after that small breakout from the diamond top. The 4hr chart clearly show's we're still in the process of completing the ascending/rising wedge, a bearish chart pattern that breaks DOWN 68% of the time. We should get another move up for another test of the upper trendline, or 1:1 Gann Fan (highlighted in GREEN). It makes sense to...

BitCapJNY

A. INVERSE HEAD AND SHOULDERS? or.. B. CUP AND HANDLE? What's better? What's worse? Maybe both? If it's A.. what's the chance the right shoulder is similar to the left? If it's B, I'll take cream and Splenda. Either way.. It looks delicious. Patience. Sleep. Set alarms.

BitCapJNY

Ascending Wedge Hey all! I hope everyone is having a great Friday! SUMMARY: Price continues to move up towards $9.3 USD before getting REJECTED AT THE 100SMA (4HR). This rejection will send us down to find support on the 61.8% FIB RT ($8776) where we will consolidate before making a HUGE move UP. ENTRY: SHORT $9195, TP1: $9K, TP2: $8.85, TP3: $8.785 It...

BitCapJNY

I recently published an idea with a BIG typO in the title. Please excuse! Hey guys! Trades went well yesterday, but we haven't yet reached the breakout target of $9.4( ish ) from the inverse head and shoulders . It looks like we now have a Head and Shoulders forming on the 1 hour which if confirmed, it looks like we could head back down to retest the 1:1 Gann...

BitCapJNY Updated 

Hey guys! Trades went well yesterday, but we haven't yet reached the breakout target of $9.4(ish) from the inverse head and shoulders. It looks like we now have a Head and Shoulders forming on the 1 hour which if confirmed, it looks like we could head back down to retest the 1:1 Gann Fan that is the Inverse Head and Shoulders neckline from the break up. We'll...

BitCapJNY

Nice bull flag Chainlink.. Keep em comin

BitCapJNY

RSI is a bit oversold, looking strong otherwise. I think we will get a small drop to retest the 38.2% before heading up to the 4:1 Gann Fan at about $9300, (conservative). We're also catching support from the 50SMA -We'll see what we're looking like from there. Might be a nice play on the way down from there, IDK if we have the momentum to break that Cup and...

BitCapJNY

Hey everyone -hope you're having a wonderful day of trading. Excellent news from India providing even MORE bullish sentiment towards BTC, let's see how it plays out! Looks like we are still forming this INVERSE Head and Shoulders pattern I mentioned yesterday, and it looks like we just put in a DOUBLE BOTTOM on the 4 HR which could COMPLETE the bullish INV head...

BitCapJNY

Hey all! Looks like we have a small inverse H&S here.. but it's kind of ambiguous as it could also be a normal head and shoulders with that first shoulder wave. But -we have bullish divergence on the sRSI, and RSI (4HR) Not too much strength behind it, but it's not a risky trade IMO. My play here: Wait for BTC to cross the 1:1 Gann Fan and play the break...