Johnthebull

Johnthebull

Some high level pieces of the puzzle that I am keeping an eye on as we go through this bull market. Not a short term recommendation to buy, or sell.

Johnthebull

The way I'm currently seeing the big picture. Similar curve as the past bull run which seems to be holding up so far.

Johnthebull

Look at this run up to 2014 to 2018 The next 80 days it went up another 300% Not saying it doesn't go down a bit from here first, it may need to go back to mid or low 40s again. but it is still on a very similar track.

Johnthebull

I don't think this is what is going to play out, but its the one thing that concerns me about ultimately continuing this bull market in a couple of weeks.

Johnthebull

BTC Still hasn't broken out of its recent channel. During the last major bull run BTC went up about 163% in 6 weeks, down 43% in 4 weeks, up 163% in 8 weeks, down 40% in 2 weeks, up 158% in 8 weeks, down 30% in 1 week, and finally up 262% in 5 weeks, followed by a 70% correction. In this buill run, we have followed this pretty closely so far, which is how I...

Johnthebull

Going long

Johnthebull

I believe the next week is the last chance for Bitcoin to continue going up. We are still in bull market territory with pull back similar to other bull markets. The bottom is either in (or will be in) by next week, and we begin a powerful move forward... or we don’t. My money is still long for the moment. We’ve come this far, we can go a little further.

Johnthebull Updated 

Plans haven't changed for me. Still riding this thing sideways.

Johnthebull Updated 

You can see its most recent drop bounced off the bottom of the triangle perfectly. Easier to see on the one hour chart than the 1 day chart I published yesterday.

Johnthebull Updated 

btcusd - still moving sideways a little while longer

Johnthebull Updated 

Not sure this is the big long term breakout, but its a good first start

Johnthebull Updated 

We are above the long term trend line, and we are above the line for lower lows the last 5 weeks. We are now bouncing off of the declining lows line, and will bump into the long term trend line (Red dash line) in the next day or so (magnifying glass). I think it will be an important decision point for us. That said, I'm very bullish right now. Don't be that...

Johnthebull

Bitcoin has been volatile lately, and we've gone outside of my initial channel. Its possible there is more of a pullback too. That said, i think we are still just in a consolidation phase and ultimately will break higher again soon. Try to keep your eye on the prize and the longer term goal, and don't get lost in the 5 minute charts. I myself haven't been...

Johnthebull Updated 

We are at a decision point. I'm going to be bold and stick with my plan, as at this point its playing itself out as it should. Long here to 17k.

Johnthebull

You can see bitcoin bounced off the bottom of the channel. If we break through it and stay below it, it may invalidate my current trade plan. I'm watching closely.

Johnthebull

We are experiencing volatility. That said, looking at the weekly charts helps keep it in perspective that the bull run is still on track. If you are looking for shorter term trading ideas... 11,500 is strong resistance right now. Below that, we'd likely test 10,400 and/or 9,600 again. Then bounce back up. I'm not one of these people that thinks we will retest...

Johnthebull Updated 

I'm not VERY certain here, but it bounced off 10k twice today, both quick and with pretty good volume. I think sentiment has been pretty bearish since the top. This is a possible sign of reversal for me. Anyone strongly agree or disagree I'd be interested in hearing your thoughts.

Johnthebull Updated 

Approaching the top of the large channel since the down turn began. Low volume right now, and a bit of bearish wedge forming. Ultimately I'm interested to see if we bounce off it or can breach it.