If you have been following you may have picked up some btc around 33k, but is this the bottom and where will we go next? It looks very bearish on the daily and actually most technical signs are looking poor. However, onchain data is showing that the people selling into this capitulation are actually short term holder (bought in the last 6 months). I am not shaken...
Usually BTC will follow traditional stocks when the markets have a significant dip. I don't think today will be any different, I am expecting BTC to have another draw down! Buy when there is fear.
We can see BTC is playing out exactly as we have been predicting. I am still sticking with exactly the same strategy. I am waiting for it to hit 33k to enter a position! I will be looking to build positions into large caps also.
I really like the VPVR in these scenarios to look at areas of price where lots of high volume trading has taken place. I am seeing support as coming in at around 33k and I am going to be entering a significant position at this point. I will of course have a stop loss at around 27.5k if we break lower.
We have been following the break of 40k for a while now. It has just broken and I see no support for a while! I have a buy order at 32.5k... Waiting to pick up some cheap coins while everyone is freaking out. I will keep you posted on lower timeframe shorts also.
BTC begins to tumble, and take the market with it. I have been reducing my crypto holdings due to massive uncertainty in the markets. I am planning to re-enter if we see new ATH or massive sell-off, see my other post linked below. But for now, where might BTC be headed? I am watching the 40k mark. If this breaks and we move lower, this could cause massive flush...
There are 100s of people screaming through the rooftops about BTC going to the floor and others backing it saying it will move higher in the coming weeks. The honest truth is most of these people do not know what they are talking about. The sentiment in the market is very split with short term movements almost impossible to predict (next 3 months). If we take...
Looking for Luna to pull back into the $83 dollar range to get in on a trade. We now have a strong uptrend on the 4h, like we spoke about yesterday, so moving down to the 1h to get a trade in. Manage your risk!
I am keeping my eyes on Luna as it has outperformed the market for the last few months and if we continue this 4H uptrend I see no reason why it won't continue to do so! Had some very nice trades on Luna last year so going to looking for some positions when this market starts up again.
BTC has had a bounce but let's look back to the daily and we are still looking weak! Just got back from a nice break over Christmas but am not ready to re-enter this market. BTC just has too much uncertainty. We are forming a very strong weekly sideways consolidation and I like to trade trends. I will keep my eyes peeled on the lower timeframes but am not...
Finally we have a strong move and BTC is looking pretty positive. Waiting for a pullback for a potential trade on the 4H. If we can break 52k we may be in for a larger timeframe reversal!
The lower timeframes have fallen back to a downtrend. We can see lower highs and lower lows being printed. The MACD is quite flat so doesn't look like we have too much momentum. Another day on the side for me waiting for some stronger conviction.
This is very critical for BTC. If the 1H can maintain momentum to the upside I am going to be looking for trades and to re-enter this market. If it can't.... BTC might just be heading for another big move down.
I am looking for BTC to break 51k to get out of the 12H downtrend. I have not been trading this market for the last few weeks as it has been so messy and uncertain. We are coming up to a critical point now and I am ready to get back on the charts.
I am holding off on any trade at the moment on BTC and the whole market for that matter. It seems to be consolidating and waiting for another move. In which direction? This is quite unclear but should begin to play out soon. I will be looking to start with low timeframe trades - 15/30m - as we pick up momentum.
Most people don't know what the volume profile visible range is but it is very useful for understanding large spikes down and up in markets. Essentially it measures areas where, historically, there has been high and low levels of trading volume. The larger the yellow lines to the right the more volume in that price range. Usually low volume areas get sliced...
We have seen a large pullback on BTC with some huge moves to the downside. When we see this it is often followed by some consolidation, which this chart reflects. I am not trading until we see some trend, up or down. My sentiment is now very neutral. Manage your risk!!
The 4H on BTC forms an uptrend and some strength returns to the market. The MACD is also showing strong signs of reversal to the upside. I will be keeping a very close eye on lower timeframes for BTC and looking for trades on the 15m/30m. Manage your risk!