tabsports

tabsports Updated 

After two months of regression and FUD creating wide-spread bearish sentiment, Bitcoin (BTC) is currently experiencing a breakout providing relief to bullish investors in the crypto space. Does this mean the beginning of another bullish wave? Or this is simply the dead cat bounce we never received two months ago? My answer is "neither." In fact, going back...

tabsports Updated 

The weekly BTC candle has approx 4 hours left, but it's currently flirting with the close from 17 weeks ago (end Jan 24, 7pm EST) of 32288.56 USD. If this holds, I see several key factors at play: Possible double bottom with close on Jan 24 Possible bearish crossover with RSI closing under 50 Massive oversell on the daily charts Historical bottoms...

tabsports Updated 

Hey there, TradingView... long time, no chat! If you're like me, you've been waiting the past two-plus months to find a clear sign that Bitcoin has either: (1) “officially” bottomed already, or (2) pushed itself to another point of capitulation, thus creating a new and (likely) final bottom. In the time since BTC dropped from 6K to 3.1K, it has not closed above...

tabsports Updated 

For anybody who's a long-term bull like me, Bitcoin's breakdown on November 14 likely felt like a dark day in crypto. For a few key reasons, the supposedly stable bottom previously held in the 5.8K to 6K range simply collapsed. Since then, it's been a free-fall to an unknown bottom. To be honest, this was a surprise as much as it wasn't a surprise. Why? I'll...

tabsports

Nearly a month ago, I discussed how Bitcoin's volatility has lessened greatly in the past few months. Save for the September 5 drop of nearly $700, the primary assessment from that idea has held up firmly. With one tiny blip excluded, the price action has remained entirely within the 6.1K to 7.4K range in September. However, there's still an open-ended matter to...

tabsports Updated 

Long time, no chat. It's been a minute, TradingView, and for a few reasons: 1) I was on vacation from late June to early July. That meant time away from technical analysis. 2) The market was predictably down, and there was little of interest to discuss. 3) Even the fundamentals and news weren't really making things interesting for technical analysis. 4) I resumed...

tabsports Updated 

Good morning, T-Viewers! I wanted to post a BUY declaration a few days back, when the RSI closed at 30.1285 on 2018-05-28, but I was still working on a new low-to-low trendline channel. Now that I've settled on a new channel, it's time to look at what's been an expected recovery for Bitcoin. Is this merely regression, or will the bulls start to charge soon? If...

tabsports Updated 

Hey there! It's been a minute, as groomsman duties and an illness put me on the shelf for a while. And boy, has a lot happened since I was gone. At last check, I analyzed the broken bull trend from 2018-05-06 to 2018-05-11. With Consensus 2018 looming, I speculated if it was best to sell or HODL. My conclusion, despite promising predictions from Fundstrat's Tom...

tabsports

We may sleep, but Crypto never does. For me personally, I crashed on my bed after 13.5-hour work day yesterday. I went to sleep wondering if Bitcoin was going to create new low after all previous lows since April 12 were higher. (For more about my thoughts on the recent higher lows, check out the linked idea.) Not only did Bitcoin break a new low while I slept,...

tabsports Updated 

It's been nearly one month since I pinpointed Bitcoin's bottom , and honestly, the price action since then has more or less happened as predicted. And yet, I've been ghost for the past week. Why is that? To be honest, there wasn't much coming to mind that needed to be published. At last check, I speculated where the short-term peak was going to be for Bitcoin ,...

tabsports Updated 

COME WIT IT NOW! What a beautiful few weeks in crypto, with the recent Bitcoin rally providing a bull market for the entire market space. This played out just as expected after I called BTC's bottom . From the time that idea was published on April 6th to the close of the 24th, Bitcoin went up $2849.92 (+41.94%) on Coinbase. Heck, even if you waited until my...

tabsports Updated 

It's now more than two weeks since my successful call of Bitcoin testing the bottom , with the BTC price increasing more than $2K since my initial idea was published. The price action hasn't been too volatile since a 1K spike 10 days ago, something which caught my attention as well. Despite this successful run from BTC, the continuous indication of...

tabsports Updated 

MAGIC is just a bunch of illusions. But then again, so are Bitcoin spikes. After very successfully calling out Bitcoin for "testing the bottom" one week ago -- unlike nearly all of tight-pictured ideas on TradingView -- I am back again to check in on our Crypto market leader. BTC just closed above my pink trendline channel. For those that didn't see my first...

tabsports Updated 

Depending on who you follow on TradingView, you may see stubborn bulls or growling bears. The former believe now and forever is the time to buy -- because of mooning and lambos and yadda yadda yadda. The latter believe that we have yet to see the bottom -- oh, and HODLing is for idiots or fools. Looking at some basic yet important regression analytics, I'm here...