cabrego

cabrego

Hourly Look inside death dagger!

cabrego

If you haven’t seen my previous charts, you should take a look! I’ve been with this same idea for going on a couple of weeks now. BTC has formed what I am calling a “death dagger”, and I believe sub $6000 BTC is incoming! I’ve been hodling cash on the sidelines waiting to get my money in at the best time. I am not playing the swing trade game! I tried DCA,...

cabrego

I think this chart pattern that I am seeing lately should be called the Death Dagger :) First of all, NO-I do not think BTC is going to die! Although, it may be going down for an 8 count! So far my trend analysis has been very much inline with how BTC has been behaving, this is very exciting for me! There is no magic here, just using my data analysis...

cabrego

It is very difficult to sit on the sidelines and watch the price bounce, FOMO is real! I didn’t let FOMO set in because I am using my charts to guide me in my decision making process. I don’t make perfect decisions, but I am learning how to make fundamentally sound decisions. I hope you come along for the ride. We saw strong bounce yesterday followed by a...

cabrego

Over the last few days the bears on GDAX have been less aggressive but they are still around. The bears could be setting another bull trap, or we might be finding support around $7k. A few things to note: • Death Cross Spotted on the 29th and has pinned us below $7000 • New resistance forming at $7000 • If we don’t break through $7100 soon, we will likely...

cabrego

zoomed in look at the hour chart

cabrego

Hello all, if you like this chart please give a like! I am trying to build rep and I am sad when I can't comment on any posts. Still no signs of a reversal Every High Volume Buy is met with a greater sell Downward Trendlines converge near $2700 Support level! If $7100 support is not restablished, next support level is ~$5900 then $4700 then $2700

cabrego

The bulls and whales have been propping BTC up for the last week now, but despite their support the pump is not gaining traction. I am still seeing bearish indicators across the charts. In a previous charts I showed that the pump was most likely over for now, a bull trap was being set, and today I think some bulls were trapped despite my warning in previous...

cabrego Updated 

Bulls can't seem to rally to breech critical resistance zones, it should be interesting to see what happens in the next 24hrs. Moving averages indicate continued downward trend Mostly bearish volume! Bulls can't seem to sustain support levels required for any kind of near term bull run

cabrego

I don't think the pump will continue, remaining bulls will sell to retain profits.

cabrego

EMAs are converging on daily chart..

cabrego

Just a quick look at moving averages today..