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About me I'm all in on Bitcoin. Viajero. Arsenal. Guapo. I love languages and culture. 🇬🇧🇪🇸 Instagram.com/DanielJordan4K
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BTCUSD 100% | 7
Danosaurs Danosaurs BTCUSD, 1W, Short ,
BTCUSD: Horizontal support levels for BTC $6,000 + $4,800
58 0 0
BTCUSD, 1W Short
Horizontal support levels for BTC $6,000 + $4,800

Here we are looking at the weekly BTC chart, goes without saying currently in a bear market. Weekly VRSI is just insanely low. Monthly still isn't into oversold. I said before that maybe we need to go into the oversold on the monthly before we turn around this bear market. Getting the VRSI lower than this on the weekly is harder and harder, and seems to be ...

Danosaurs Danosaurs BTCUSD, 1D, Short ,
BTCUSD: Bitcoin to $6000
94 0 0
BTCUSD, 1D Short
Bitcoin to $6000

It seems pretty clear that the multi-month pennant has broken to the downside. It's difficult to interpret this as anything but a sell signal. I added to my short when the line broke and will hold this position. In the very immediate term we may see a bounce or bear flag retrace half of this drop and put us around $6850, but I don't expect buyers to push this much ...

Danosaurs Danosaurs BTCUSD, 1D,
BTCUSD: Bart city to close down!
31 0 0
Bart city to close down!

So Bitcoin has been having bart candle after bart candle lately (Pump and dump). I find it better to zoom out so you miss all of that noise and look on the daily. If daytrading though, which i have been doing, long support, short resistance, rinse and repeat for some good profits. I forsee us bouncing around the $7800-7300 region for the next week to reach the ...

Danosaurs Danosaurs BTCUSD, 120,
BTCUSD: Big ascending channel
59 2 2
Big ascending channel

BTC has been in an ascending channel now for nearly 1 week. Support and resistance trendlines are currently holding well. For a price breakout target it should be the height of the channel, so $8200 for a bull breakout $7200 for the bear. MACD has had a bearish cross on the 15 to 4hour timeframes, so looking more like a breakdown at the moment, but if going long ...

Danosaurs Danosaurs BTCUSD, 30,
BTCUSD: Retracement is coming
56 0 0
Retracement is coming

Bitcoin is in a little descending channel here on the 30mins. Still in the bigger acending channel though from the end of May. Expecting a drop here to around $7460, before upwards movement for the bulls. if $7440 breaks the bears have gained control. A big catalyst for the movment of BTC will be th 6th of June, as so many people are waiting for a drive upwards ...

Danosaurs Danosaurs BTCUSD, 1D, Short ,
BTCUSD: BTC to breakdown
61 0 0
BTCUSD, 1D Short
BTC to breakdown

I believe we are going to breakdown from the long trend support line, reaching back from November. beforehand we might even get a bull trap going first by breaking through the roof of the triangle. overall I reckon we're going sub $6k. IMO we need to cull the moon shills, unsustainable projects and people waiting to drop bags off before a proper move up is ...

Danosaurs Danosaurs BTCUSD, 60, Short ,
BTCUSD: Patience is key.
225 2 2
BTCUSD, 60 Short
Patience is key.

Patience is the key here, a leading diagonal off of a pivot will often retrace deeply between to the 0.618 and 0.786 in an ABC Zigzag formation. Unsurprisingly after BTC broke out of the rising wedge, earlier we dropped to the 7300 support, from here i expect a little upmovement to the 50% fib level, before the next move down. Really not good that the bulls ...

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