tired_man_willis

tired_man_willis

I was wrong. The Bitcoin bulls showed up. Over the last few weeks we've seen Bitcoin climb it's way up. Zooming into the lower timeframes we will see bursts of the bull volume we've been looking for (should you be a long term bull). At this moment Bitcoin sits around sits around $65.8k with the local top not being determined as of yet. Should you stick to the...

tired_man_willis

Currently, Bitcoin has had some weak bull volume with multiple attempts to break out of the upper 40s and 50s. Most, if not all, attempts have met heavy resistance as bears have consistently held those levels. Despite the fundamentals of bitcoin and cryptocurrency being overall positive the news from China tightening their grip on anything related to...

tired_man_willis Updated 

Now, by definition the "Cup and Handle" formation signals the continuation of a bull move. Some will say that due to the action over the last few months that this is not the right "call". However, if you zoom out far enough, you'll see that we are still in a macro-based uptrend. That said, it's obvious what the price action will do. Enjoy the ride. I'm holding...

tired_man_willis Updated 

After the Wyckoff Distribution play I decided to keep track of the price action to see if the opposite, Accumulation, would happen. Now, I’m not saying this is 100% going to happen as Bitcoin could go both ways but I’ve been of the mind that Bitcoin would go sideways before moving to the upside so I’ve gone with this pattern and observed. Over the last month...

tired_man_willis Updated 

Short Term Outlook: Bearish Long Term Outlook: Bullish Things are not looking good for Bitcoin as it continues to fail on breaking out past these resistance levels. Most notably the range from $37.5k - $40k. Zooming out to the Weekly you can see a bear pennant starting to form up. Now, if the bulls fail to have a sustained breakout then we could expect the price...

tired_man_willis Updated 

Cardano could be considered one of the hottest crypto's on the market. Over the last few months it's hit a few milestones. Staking went live along with full decentralization Coinbase and Coinbase Pro added it thus giving it more mainstream exposure The Ethiopia deal was confirmed (www.coindesk.com) SundaeSwap ISO is getting a date and time for their...

tired_man_willis Updated 

Wyckoff Distribution Explained What the crypto market just witnessed was a near texbook definition Wyckoff Distribution play. I've explained it below. Before I begin Elon Musk did not cause this China FUD is not new The fundamentals and milestones that Bitcoin has met these last few months have not changed Disclaimer: I entered positions in both the...

tired_man_willis

If you've followed any of my ADA posts you know I've been heavily invested since the $0.05 days. This Monthly chart is very bullish. - Over the course of the last 2.5 months we've established strong support between $1.15-$1 - Bear volume has been weak - Cardano has since then been added to Coinbase Pro thus expanding it's exposure and availability to the...

tired_man_willis

This is a follow-up to my post on April 1st regarding Bitcoin's Inverted H&S formation on the Daily. As previously mentioned (on TradingView), this was a formation that I was observing to see if it would play out. Zooming out to the Weekly chart you'll see an Ascending Triangle as well. My "Blast Off" Date is still targeting May/June before the rockets begin....

tired_man_willis Updated 

The Daily pattern that seems to be forming is also within the Weekly Ascending Triangle. Be aware that it hasn't confirmed yet. Also, I know the neckline is a little off. Weekly Chart: Pay attention to the volume and short term EMA'S on the Daily.

tired_man_willis Updated 

Last week I made a quick update on ADA as it was setting up for a test of $0.50. Before we went into this bull market cycle I normally would utilize more tools to make analysis's. If you were involved in the 2017 cycle then you'll remember that indicators such as RSI and MACD became LESS reliable as we broke new highs. That said, I'm not saying that indicators...

tired_man_willis

You love to see it.... Bull Flag on the Weekly is a very good indicator for many reasons. 1) The longer the time frame, the bigger the move 2) Bear Volume is decreasing while Bull Volume has greatly increased this week. So why $64k? I measured the breakout from $20k to $42k which averaged around 110% give or take. From there I measured from $28k (Weekly...

tired_man_willis

Volume is dropping, RSI is resetting as is the market. Good time to consolidate. Still sticking to my call of $1 ADA by the June - August.

tired_man_willis

This post is focused on the Daily but includes info on the Weekly. I'm making another long term play here much like I did last summer (I said Bitcoin would be retesting $20k by winter). Looking at the Daily instead of the Weekly we can see bear volume had been increasing as we reached the TEMPORARY TOP. Flipping over to the Weekly you'll see that the last 2...

tired_man_willis

I don't really post much anymore as I am not actively trading. For this bull cycle I plan on just buying as much as I can now and riding it out for the next year. Cardano is a long time favorite and I've been accumulating this one for a while. In July, Coinbase announced that Coinbase Custody would support Cardano staking. Around March 2021 Cardano plans on...

tired_man_willis

Bitcoin has been holding steady over the last few weeks. After it's failure to drop below support we got some news today for all of us Long Term BTC holders/traders. Paypal is integrating Bitcoin, ETH, LTC by early 2021. The news has pushed Bitcoin past it's previous resistance around $12530. Up next is the resistance levels of $13k followed by $13868. With the...

tired_man_willis

Recognize that title? No? It's a throwback to the movie Austin Powers Goldmember Anyway, this is a quick and easy analysis. BTC has been ranging for the last few weeks with the pattern getting tighter. Bears have failed to break past $9800 with sustainable volume (Remember $5.8k from the 2018 bear market? Similar to that) Bull volume has been picking up over the...

tired_man_willis

I've highlighted or marked the double-top pattern that IS NOT YET CONFIRMED. This week we got the news of Battery Day and the hype has died down. Both rejections on the Weekly chart show more Bear Volume than Bull. MACD hasn't flipped bearish since March. RSI is still over-heated. The U.S election is 40 days away and there has always been a market dump around...