We were looking for the intraday sell last time we looked at BTC. After the initial drop we were looking to sell the bearish pennant. It offered a few hundred pips on the initial drop, but as we can see price rejected right off that little support zone and wicked right out. That was your signal to take profit especially when we got the wicked hammer candle and the...
Well BTC has shown us its first weakness in recetn times. Price has broken down and below the trend. Price currently sits between 100+200 ema, price action is showing us a bearish pennant, so bias would be for a sell for the intra day traders. The question is where will we find support for the next push up? We could reject from the 9100 area like previous and get...
If you saw my chart yesterday i blatantly pointed out the buy spots. It couldnt of been any easier for you to jump on that buy. price came right down to the trend line and 100EMA. Rejected right off it like expected, 400 pip rise if you was an intraday trainer. Love it when it respects these levels and confluences. Hold if your a HODLER or take the nice profits...
Looks like we're in a sideways movement with Bitcoin at the moment, small range. i think it could possibly move towards the trend and pick up multiple confluences before we get the next push upwards. Ive marked out a couple of areas that i will be interested in placing longs. GLIYF
One thing i like about bitcoin is that it respects certain levels and indicators very well. We are still bullish and getting ready for the next pop up in price i believe. you can see when you look close it loves to respect fib levels, EMA's trends and price patterns. Most recently it rejected right from the trend and .236 fib level for a multiple confluence...
Well Bitcoin h as almost gone exactly to plan so far. i was looking for the push up to the supply zone and then a drop back down to support in my circled area, and we pretty much got what i was looking for. Priced wicked out from the bottom showing good buying pressure, we held on trend and are still bullish in trend, creating higher lows and higher highs. We just...
Back looking at BTC again today and we have had our new high made, BUT we have seen an instant return in price back below 10K. Was this a liquidity grab for people jumping on longs after the push up? Certainly looks like it to me, we have settled on the 50% fib from previous low swing, rejected and still above 100+200 ema, resting on the trend, the next few days...
Bitcoin is looking very bullish since the last time i looked a couple of days ago. bullish flags and pennants are one after another. Moving averages are showing a strong bull trend still. BUT we still need that new high above 10K to get a real strong bull. Were currently trying to break this recent high now, look for the break above and buy on the pullback to...
Well to my surprise bitcoin did a little fakeout. Since price broke below the trend and the average i thought it was possible for us to see a drop further down. BUT to my surprise we have seen some bullish price action. A double bottom held on the .382 fib and we now see price back above the avreages, trend and we sit at some resistance. If we can rally above the...
Looking at price action on Bitcoin and it looks like we could possibly see a drop soon back down further. if price stays under the 100 moving average and re tests the break of that trend ans stays below then we could see a drop down to the 50% mark. Possibly even further to the .786 fib level. Also looks like we could see a bear cross on the moving averages too....
Ok so the second set of waves didnt come to fruition. Weve seen a small sell off in BTC. The big things to note is that we fell through trend and also the 100+200 averages. We have rebounded right off the .382 fib level. Price is currently trying to break back above the 200 average. We need to see this stick for any chance of a bull to remain for the near future....
Looking back at Bitcoin again today and we can see price has give us a push down from the resistance level. Nothing major as we expected a drop before we get the next push upwards. As you can see it rejected just above the trend/200MA/.382 fib. Showing to me a nice support zone, i believe we will accumulate here before we get the next push to breakout the zone...
Bitcoin has been trading inside this mini range for a few days now. Its quite clear the bull is strong currently. Once the moving averages catch up with time then we will see the next push. but which way will it go? Ideally we all want it to go up, especially the HODLERS. My ideal scenario is for it to range across to where it meets the trend and picks up support...
Well last time i looked at bitcoin i was looking for a similar price action to happen in the yellow box to the previous section, low and behold we got similar price action. price came down to support and we got the push up. If you followed that was an easy intraday trade. Currently we see price sat at the top of this range, we need to breakout of here to see...
Looks like BTC is in a range at the moment. We got a nice push up to the top of the range, so to me it voids the H+S that people said they could see. We have since seen a drop but it has rejected right off the .236 fib level. Its most likely we will see another bear candle when this closes. Im looking for a similar price action to the previous square box like we...
Looking at bitcoin again today. i think we are reloading the gun for our next wave continuation for the bull. We had our initial 3 waves up. Got the drop from the halving release but weve consistently stayed above the 200 day average. I think we can count this lower high as wave 1, im looking for price to retrace and collect alot more support at the demand area...
So the BTC halving has happened and not so surprisingly BTC dropped against the USD. I would presume the traders took price down to collect alot of stop losses from the people jumping on the bandwagon that BTC will rise instantly when the halving happened. I bet alot of people that dont like any Drawdown will of jumped out of the market in fear, or had their stop...
Looking at Bitcoin we can see once we cleared the resistance level for bullish movement we have had 3 clear bullish waves. One of my mentors taught me about the 3 waves motions. price has naturally had a retrace after the bullish momentum. Gladly we havent broken back below the first wave and found support just above the $8K level, were also still way in the...