Oboogie

Oboogie

Hi fellow crypto-traders! Looking at the 4 hours chart (which is the chart that gives me a better clue of what's going on, and of course reading TA theory, crypto-news and our top-authors, and non-even-authors like yours truly), I see that even though the bulls have been pushing hard for the last couple of hourly sessions, the MA-200 (in red) is playing as a...

Oboogie

Looking at the 4 Hours Chart, I see that if btc doesn't get to that resistance line (marked with the circle) and break it, we're doomed. That's all Folks!

Oboogie Updated 

Hi buddies, Bitcoin is witnessing a war between bulls and bears in the 9k frontier. Looking at the 4 hours chart, after sessions of depression btc jumped from that war-zone called 9k to the MA-10 (in red), located at around 9.2k. It looks as though the bears sold a good deal of the world largest crypto-currency, the bulls defended the 9k frontier pretty well....

Oboogie

The day as per UTC is closing really bad for bulls. BTC failed to get over the 10-MA in the 4 hours chart and the 50-MA is crossing under it, confirming the downtrend reversal. Looking at the Daily chart, things don't look any better. The 10-Day MA (in red) support was tested and broken earlier today. The bears seem to have everything under control, despite bulls...

Oboogie

Hi fellas, I was stoned last Saturday afternoon and decided not to close my long position. I thought the target was 10.2k. I was wrong and now I'm waiting to see if I better closed it or keep it open. Right now, looking at the 4 hours chart btc is having real problems (if you're long long me). The main crypto currency is facing a damm stiff resistance at the...

Oboogie Updated 

Hi folks! Maybe I'm too stoned but I have one thing to confess: bitcoin worries me. Taking a look at the 4 hours chart, btc find itself in the middle of a disjunctive. It has already been rejected when it tried to get above the MA-10 (in red) but still finds resistance on the MA-50 (in yellow). We still have the current four hours session and one more to close...

Oboogie

Hi people and alike, I woke up this morning noticing that the stop loss I placed at 9.5k before going to sleep, worked out fine. Bitcoin has dropped almost a thousand in half a day as per UTC. I'm now waiting to see if my next trade is going to be short or long. Maybe I'm too stoned but I'll wait to see what happens with the price and the whales. and if they want...

Oboogie

Hi fellas, BTC is struggling to break the 8k resistance. I draw a line considering the last failed breakdown and it just looks too strong, because every time the price gets to 8k is rejected over and over. The 10-hour MA (in blue) is still looking downwards, though the 5-MA is bullish at the moment. I'm afraid that the bulls won't be able to break-through that...

Oboogie

Hi again bitcoin traders :) Following what I've done yesterday, I'm moving to a bigger time-frame period and trying to see how this bearish reversal affected the current week's price evolution. Despite this one has been a very important bullish week (inside a deep downtrend), today's reversal shows that bulls aren't that strong after all. As it looks, the...

Oboogie

Hey fellas, I don't want to be pessimist, but looks like bullish momentum, at least for today upon the hourly chart, is over. Resistance line placed at around 8.1k looks pretty strong and actually rejected the up-trending rally towards 8.5k. Provided that the 50-day MA has crossed bellow the 200-day MA, which is a clear bearish market signal, it seems that the...

Oboogie Updated 

Hi :) I've been following the hourly chart and it seems that the MA-100 (in blue) is crossing over the MA-200 (in red). That would mean that the bullish momentum is just starting, isn't? I also see that the over head resistance (the 6.9k 7k line) is a stiff one. I think is going up. Education needed here lol.

Oboogie

Based on the hourly BTC/USD's chart, the 10-MA in red is just about to cross-over the 5-MA in blue. That's a bearish signal, if I-m not too stoned. Are the bulls running out of gas?

Oboogie

Hello fellas! We're still in a bearish market, I know. The weekly chart can tell by it self. But what if the still sharply sloping downwards 10-MA (in red) is the Bull's next target? At the moment, the 50-MA (in yellow) is working as support -if you're going long, and the 5-MA (in blue) is working as critical resistance for this morning's weird uptrend. Today...