BTC - "In bear market: Sell the rally" until proven otherwiseDear all,
Back from holidays, here is the chart I'm following on BTC.
BTC is doing nicely, what was initially looking like a bear flag evolved into a nice rising wedge.
By demonstrating such bullishness yesterday, the wedge is now broader and open the path to the downtrend line retest.
Even though Alts bled a lot, I do expect another move downward after reaching the 7.5 to 7.7k.
My downside target is around 5.4 and 4.9k.
All the Best from the Crypto Space
Alteroc
Not a Financial advise, be a better trader tomorrow than you are today by DYOR
If you liked the idea press the like button :)
Alteroc
BTC - August Forecast - ABCD then Bearish Bat?Hey,
Here is the setup I'll be watching on BTC.
If we bounce from here we will have an almost perfect set for a bearish ABCD, last leg being upward CD.
If this patterns completes and does not manage to break $9600 with strength we will have formed a bearish bat.
All my targets are on the chart.
All the Best from the Crypto Space
Alteroc
Not a Financial advice, be a better trader tomorrow than you are today by DYOR.
If you liked the idea press the like button :)
BTC about to start 5th Elliot Wave?Dear all,
This this the plan I'll be following until the market proves me wrong, which I'm sure it will.
So I take this chart this as a guidance for my strategy.
Pitchfork has been proved useful so far.
As shown on the chart if we reach that 11.5k it will be the moment to short the market since it will need a lot of players will take profits and market will enter a correction phase.
PS: The previous idea is a more conservative approach but by calculating previous waves extension on BTC this setup is also a possibility.
All the Best from the Crypto Space
Alteroc
Not a Financial advise, be a better trader tomorrow than you are today by DYOR
If you liked the idea press the like button :)
BTC - Bullish pennant on Daily eyeing $9,000 markDear all,
Here is why I'm long on BTC, I put my thoughts together and removed my bear glasses a few days ago.
The current bullish pennant is a attractive setup, as we are in the apex SL can be tight just just 8K.
All the Best from the Crypto Space
Alteroc
Not a Financial advise, be a better trader tomorrow than you are today by DYOR
If you liked the idea press the like button :)
BTG - Bullish patterns - Good R/R ratioDear all,
I'm entering BTG with tight Stop loss:
- Price in the Apex of the falling wedge
- Current pattern is bullish (ascending triangle)
- $22 Support tested OK
Targets on the chart.
All the Best from the Crypto Space
Alteroc
Not a Financial advise, be a better trader tomorrow than you are today by DYOR
If you liked the idea press the like button :)
ETH - Decision point & at support - Target $535Dear all,
I'm watching ETH right now and it looks like a good trade setup with a RR ratio of 5.5.
We are basically at support in a bullish falling wedge, based on current resistance I will take profit at $535.
I put my stop loss blow last wick at $455.
All the Best from the Crypto Space
Alteroc
Not a Financial advise, be a better trader tomorrow than you are today by DYOR
If you liked the idea press the like button :)
BTC 3D chart - Probability of downtrend continuationDear TV friends,
There is a time to look at 1h /4h charts and now it's time to look at the 1D / 3D / Weekly.
On the 3D we can clearly see a hidden bearish divergence that has formed. In a downtrend market this has a high probability to provide continuation.
I added the different targets on the chart.
All the Best from the Crypto Space
Alteroc
Not a Financial advise, be a better trader tomorrow than you are today by DYOR
If you liked the idea press the like button :)
BTC - A perfect close below resistance + 4 bearish divergencesDear all,
Here is an update on the daily that just closed.
BTC has nicely or even perfectly closed below resistance...
In the meantime RSI is overheated and is now showing 4 hidden bearish divergence points while price is forming a double top.
Needless to say that the next days shall see some red around the charts. Especially since we did not witnessed any "fresh money" entering this bull run. It was only driven by a money transfer from alts to BTC.
All the Best from the Crypto Space
Alteroc
Not a Financial advise, be a better trader tomorrow than you are today by DYOR
If you liked the idea press the like button :)
BTC 4h bearish divergence + resistance = shortDear all,
I try to remember the hardest Lesson everyday "On green days you look for a sell and on red for a buy".
We had a good series of green...
Here we had a really interesting rally. Compared to other analysis, I don't think we've breached resistance but that we actually touched them.
In case of bullish div at resistance I would go long above. However here we have resistance + bearish divergence = short.
I based targets on previous BTC price action. Last big jump where a bearish divergence finally occured had a 61.8% retracement which in that case here would bring us around $6,700 at max.
That's the highest target of course.
All the Best from the Crypto Space
Alteroc
Not a Financial advise, be a better trader tomorrow than you are today by DYOR
If you liked the idea press the like button :)
BTC - Death cross EMA 100 / 633 like in 2014Dear all,
I want my bags of alts to be full of green candles, see BTC 0.68%at 70k, however what do we need for a strong bull run?
A strong touch to support line for a bounce.
Having a discussion with a TV member to look at a broader TF we can see that it does not look good for Bulls (right now)
Here is my thoughts, feel free to comment and exchange on this view. It's not FUD nor it's FOMO when I chart going long. Just trying to find the best buy -2.40%area :)
All the Best from the Crypto Space
Alteroc
BTC - Daily bearish divergence + resistances = going shortDear friends,
Looking at the larger picture it's currently making me more cautious about BTC right now.
Let's have a look at the Daily chart:
- RSI at 0.618 resistance
- Bearish divergence
- Price at multiple resistance and exhausted on shorter 4h TF
My short target is $6,800 for now.
All the Best from the Crypto Space
Alteroc
Not a Financial advise, be a better trader tomorrow than you are today by DYOR
If you liked the idea press the like button :)
BTC - Bearish Bat Pattern on Daily Dear friends,
Sorry for those only longing, good lucks for shorters.
One more bearish sign on BTC 0.28%, A bearish Bat Pattern has developped:
TP 1 --> $7,020
TP 2 --> $6,666
All the Best from the Crypto Space
Alteroc
Not a Financial advise, be a better trader tomorrow than you are today by DYOR
If you liked the idea press the like button :)
BTC - 7.6k then retrace to $7.1 / 6.8k (bullish sentiment)Hi there,
BTC caught us by surprise with a $1,000 dollar candle.
I thought that given the current bear market we would consolidate within a ascending EW triangle on top of the H&S pattern.
Well we went straight up. Even though a retracement is almost mandatory right now I do think that we will see a bit more upside $6,670 area (Target of the inverted H&S).
From there I will go short until the $7,100 to $6,850 area is reached (or my stop loss is reached).
This price action would create an even bigger inverted Head and Shoulders pattern (bullish) which based on measure rules would bring us to a key resistance the $9,600 area.
Afterwards? Well we will see when we are there ;)
All the Best from the Crypto Space
Alteroc
Not a Financial advise, be a better trader tomorrow than you are today by DYOR
If you liked the idea press the like button, it's highly motivating
BTC/USD- Bullish paterns: EW triangle and Inverted H&S TP $7,700Dear all,
Here is what I am following on BTC currently.
Two bullish patterns are in formation:
- The famous Inverted Head & Shoulders
- An Elliot Wave ascending triangle
Both patterns are bullish are I'm confident that we now have a healthy setup to break the Bear Market.
My Target profit on this setup would be the $7,700 mark.
All the best from the Crypto Space
Alteroc
Not a Financial advise, be a better trader tomorrow than you are today by DYOR.