This morning we broke out of my no trade zone. Unfortunately it was to the downside! Breaking through $9,000 support has changed me from bullish to neutral. Nevertheless I strongly expect a bounce in the next 12- 24 hours. We fell $400 (4.44%) in four hours and $700 (7.5%) in the last sixteen hours. Furthermore we have not see the price this far below the 12 &...
Yesterday I was fully bullish and laid out a couple potential entries. I am very happy to see the most bullish scenario shaping up. We were able to breakthrough the 0.618 fib and $9,800 resistance much quicker than I expected. That also broke the neckline of the inverse h&s and provided an opportunity to buy the breakout. I started with entering 20% of my...
Yesterday I was very happy to see Bitcoin break out of the triangle in convincing fashion. I updated the post in the afternoon and said that I expected resistance from $9,700 - $9,800 where the 0.618 fib line was waiting. I exited my margin long and am currently looking to re enter. I just drew the blue dotted trendline, and that illustrates one of the two...
On April 26th I drew the dotted line down to $9,000 and explained that I need that area to prove itself as support before I would consider entering another long. Yesterday we saw the price dip down to $8,900 before quickly reversing. At that point I saw two options: Range for 3-5 days from $8,900 - $9,300 Create a higher high, and go for a $9,650 retest We are...
It seems there may be a Harmonic Bearish Bat forming on the DXY (TVC) with the 4Hourly and Daily Charts Currently the DXY is in bearish trend however TDI has completed a very small Sharkfin out of the water but no blood in the water as yet and TDI shows close proximity to oversold position, therefore we 'could' see a confirmation of this Harmonic Pattern/Bat, if...