larsontw16

larsontw16

Short and concise as all of my charts are. I believe in the methodology of coming up with a fundamental approach to reading the charts, and simply test these beliefs with TA to either confirm or reject the fundamentals. This late-week rally leading into the weekend has A LOT of stipulations involved which is why it is very difficult too identify a clear and...

larsontw16

Very simple chart. Things are going wild right now in the market and playing daily options may result in you getting burned. The Fed has shown with their unlimited QE that they are willing to do what's necessary to prop up our markets. That said, looking at the extremely low volume the past week, you can see everytime there is an influx in volume, the ticket...

larsontw16

Going to keep this one short and sweet. We are all struggling to identify this market and make the right entries. With bailouts and economic relief coming in at never-before-seen levels before and businesses still closed for the most part, Q1 is not going to treat anybody well this year. There is ample evidence of further downturn in the market which is leaning me...

larsontw16 Updated 

Let's talk 2020 3rd Halving Coming in May Bitcoin's halving is when the network’s issuance (inflation) rate is reduced by 50% every 4 years. This reduces the amount of new Bitcoin entering circulation every day and increases the mining costs. How will it effect us in May based on history? I broke it down into two focus points: 1 year leading up to the...

larsontw16

.618 Fibonacci Level is holding strong right now. This point also coincides with the upper channel limit. There's a newfound steam behind the bulls lately so if this level breaks upward, I expect it to plow through to over $10,000.

larsontw16

This chart here is extremely self-explanatory folks. RSI is in the toilet and trends are repeating themselves. This is the fourth iteration of the SAME exact pattern now. We have a peak, see a correction, price runs up fast, and then drops even faster. And what has happened the last three times this took place? Price bounced and we see bullish sentiment...

larsontw16

This is going to be the only Bitcoin chart you need to see folks. It's not fancy, not using thousands of indicators, or anything - because they aren't necessary right now! Bitcoin just saw a surge from $6,900 to an astounding $8,000 at it's peak this morning. Watching that run up gave me a larger adrenaline rush than anything has this past bearish quarter. Why...

larsontw16

Can't elaborate much in this post unfortunately as work is calling but I wanted to get a quick TA up here on the BTCUSD Daily. You can see from my first post the same trend lines were drawn a week ago now. They are still strong as ever and the daily candles have been respecting them. I would love to hear some arguments toward this post but I don't believe BTC...

larsontw16

Good Morning TA Junkies! Getting right into it, I want to first say that I am still very much so bullish on BTC and will continue to be so until close below my very strong trend line on my previous Idea. That being said, we are in a 1H bearish channel and price fluctuation is a great way to skim profits in markets like this so I wanted to post another idea for...

larsontw16

Thanks for checking out my first TradingView post. I have many years experience in TA and welcome any comments or upvotes! Getting right into it, I will continue to have my fiat reserves on the sidelines until this cycle completes itself, which should occur very soon. As you can see on my charting, bearish trend lines have been respected and no upper limit...