Traders, True to form, though I rarely do this anymore, I’ve gone short on Bitcoin. My entry was immediate after hitting that resistance level at $60500 which I discussed in the last post. Target will be $48,300 Stop out will be about $63,000 RRR is nearly 5/1 I am confident here so I’ve risked nearly 50% of the trading portfolio. But I will definitely be...
Traders, While I have stated all along that Bitcoin could spike to as high as 55k, though 50-52k is more likely, my target of 48k has been reached and I am choosing to take my profits now. 48k is huge resistance and I will probably not trade again until future direction can be confirmed with a close above 48k and two more candles opening and closing above that...
Attempting to keep my followers up to date on the next Bitcoin move(s). In this video, I want to cover a dozen or so indicators that are giving us clues about what might occur next with old Bitcoin.
Just when you thought you were out...they pull you back in! Top indicator on the scrypto is flashing a local top... Making me think maybe we pull back through reach so sub 40K prices 35K maybe? I might place a short as a hedge. in the short term, but on a large scale I think BTC will rally to its prior ATHs and maybe beyond....but maybe just not yet. Going...
Hey guys. As you can see on the Litecoin charts in the past, a noticeable ABC correction wave is visible. If we take the similarity ratios of 1.375:1 (490D & 357D) and apply it to the current cycle, we can determine the next local top. 70 Days * 1.37 = 96 Days from the C bottom correction wave. These numbers are from the May-July correction, based on the 2018-202...
Please hit that like button if you appreciate the daily TA (technical analysis) I post regarding bitcoin every day 👍 Some factors that have really helped me develop as a trader over the last 8-9 months since i started from scratch as a day trader back after the March crash in 2020. What are they? Risk management gets brushed off as the least important area in...
Fib Fans using an anchor point from the lows in 2013 to the top in 2017. Predicted the local bottoms and tops quite accurately. What will happen in the future? I think the .75 level will be critical in the year ahead.
Hello traders! Despite the 100 millions long liquidation and the drop of 10% open interest during the epic bull trap last week, the maximum selling pressure still seems far away. The only way to go up is to dip down further in order to reach for more selling liquidity. I believe we will continue to see more moderate supply runs follow by weak demand runs until...
Expecting some downside after all of our targets were hit on the long call. Starting to see some bearish divs on the 1h and 2h with low volume pumps. Entry: 8294.5 TP 1: 8077 TP 2: 7741 SL: 8466 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a...
Hello Traders, Today’s chart will be on ZRX/BTC which may be putting in a local top that is accompanied with a potential bearish divergence. ZRX has risen in a parabolic manner a correction or consolidation is highly probable. Points to consider, - Strong bull trend on 4 hr timeframe - Price tested structural resistance (fake out) - Local support between .50...