Good evening all, keeping an eye on Bitcoin more these days. We are currently on the 8th consecutive green candle. Haven't had that in a long time. You can see my idea's of what I would like to see happen with BTC to keep continuing on this bull run. Need to break above this small daily supply zone for me to be convinced. But none the less we need to make a higher...
Well well well, what do we have here. Is this Bitcoin turning bearish? We have certainly seen some nice bullish candles recently, today especially. Price has broken out of that falling wedge we have been in for a while. For once this buy position I have been in, is in profits. I will be moving my stop loss into profits to make sure I secure some profit. If we can...
What a difference a day makes!! Two bearish daily candles and now today Bitcoin has broken below the 30K barrier. I see panic posts everywhere. Is it time to panic? Seems that way as the trend line has been broken. Im on full alert I could be stopped out any second but that's ok as I set my % risk to lose. But i still have faith UNTIL that big demand zone gets...
Good morning all. I have seen a lot of posts on social media over the past couple of days saying ''bitcoin is dead'' ''crypto is finished'' etc etc. Seems pretty strange when the price of 1 Bitcoin is $30K+ lol. It is the same price it was in January. But for me this demand zone we currently sit at really seems to be decisive in trend direction. As you can see it...
Good morning all. Checking back in on Bitcoin today. Feels really strange reporting that there has been literally zero movement compared to what's happened to the left on the chart. It is literally a sideways market. I still believe in my setup and that we are at the current bottom of the market. Will we see a breakout in price soon, time will tell. Let me know...
Good afternoon all. Just thought I would share a chart on XRP. All crypto has taken a tumble recently. But I think XRP can be a great buy for good returns especially around these prices. It was only in April that we saw XRP at around $2 price zone. Currently at 0.61c that's more than triple the price. If you're looking to make a longer term trade on crypto I think...
Well it certainly looks like Bitcoin is moving in a boring sideways movement. For what looks to be the ''bottom'' of the current bearish price action, the movement we have seen of late has been very boring. In comparison to the previously very strong movements we have seen. If you were a day trader scalping in and out then its certainly possible to scalp Bitcoin...
Good morning all, hope your trading week has gone well. Just updating quickly today on the Bitcoin buy position I took. Price is currently hovering above my entry area. Is the current price action another signal to buy with the break and retest? Only time will tell. One thing we can see is that the current demand zone has been tested multiple times and held...
Hope everyone's having a good weekend. The crypto markets never close and this weekend I thought my SL was going to be hit. But yet again this demand zone is holding strong. I would like price to break through this secondary trend line now to be confident in a move upwards. Again I say my opinion is this is the bottom. I could be wrong but if I am correct then we...
Good afternoon all. Keeping a close eye on Bitcoin lately and this very strong demand zone we have bounced from multiple times over the past few weeks. I have entered a buy on the bullish candle close from the rejection of the demand area. Technically we broke the zone with price ever so slightly breaking below. But we saw what we have previously with the bulls...
Looking back in on Bitcoin today. My last buy position was stopped out in profits. This is the best way to tackle the current Bitcoin chart. I see a lot of people calling it the end for crypto etc etc just because we have a small bearish run lol. Crazy talk, for me until we break this low I have marked out I am looking for buys. The first initial bear drop created...
Good evening all. Been a little while since we looked at Bitcoin. Was I right in calling it the bottom last time we checked in on our buy position? Time will only tell, but it certainly is giving us some hope. We have what looks to be the low and a higher high and a higher low. I am not counting any chickens yet until we break back above the moving average s it...
Good morning all, checking back on Bitcoin today. Few small bearish candles on the lower timeframes and its panic stations across the board. Last time out I drew what looked to be a bearish flag. Technically it was to drop further, which is what we got. But what I am taking from this bearish time in BTC is the strong weekly demand zone we cant push through. Three...
Good morning all, keeping a close eye on Bitcoin lately. I took the buy from the 34.6K price level below and currently in some small profits. But which direction will we take now? From a technical stand point it looks like its forming a bearish flag here which could signal a further drop. But will it follow technical or will we see some fundamental influence that...
Good morning all, back to Bitcoin today and I think we have our temporary bottom here. I placed buys here at this entry point, we are at a strong weekly demand zone, we look to of formed a bottom here, each daily candle closing higher than the last since the first impulsive bearish candle to wick from the demand zone. If you followed then make sure to move SL to...
Good evening all, hope everyone had a good weekend. Forex markets open later but the Crypto never stops. Is it time to buy Bitcoin yet? Well this is now in my first real area of interest. To the left is a very strong weekly demand zone where we had a double bottom and then the rise. In the recent flash crash on 19th May we saw price move down very quickly only to...
Who's selling Bitcoin? Clearly looks like a bearish market as stated previously. So let's take a sell if it presents itself. I have marked out the area just under 50K where I would like to see price make another lower high in this bearish movement. If we get one then see resistance then I will jump on the sell. That's what trading is about making money up and...
Well it looks as though Bitcoin has turned bearish. We have broke structure on the Daily time frame creating our second lower low and we also have our lower high. But where will it find its support? Obviously the cheaper the better for us, but can we trust it to pump so high again? Ive marked out the levels that I would be interested in buying from. I would need...