See my previous bitcoin analysis to see how I successfully predicted Bitcoins path weeks ago. We have now shown strength on the weekly chart, with a strong bullish break & candle formation. See my Daily chart analysis for possible reversal soon, to retest the low of the uptrend. I'm still overall bullish for the next year, but do expect small pullbacks over the...
Update from my last bitcoin analysis. Short term bullish (net 3-6 months), long term, we'll see once we retest the red lines indicating resistance & then fall back & hold the white diagonal line, signaling a trend continuation to the upside. If this happens, that's when I'll look to add to my crypto positions. News does't matter to me. I'm a trader. All trades...
I haven't posted in a while because since I entered a position in my SPX index fund, there hasn't been much to say. Until now. I'm posting this chart to show my updated levels & chart analysis. I'm NOT adding to this position until we retest the (diagonal) white line, indicating the current trend that we are in. At which point, we will either hold the trend for a...
Litecoin’s chart does not have to follow the chart of BTC, ETC, or any other crypto. From my analysis, LTC has not broken out into it’s potential like Bitcoin or Ethereum has. Litecoin has much more potential at this point, especially for those with a smaller account. This is a wave beginners can ride. Adding majorly to my position.
BTC is a waiting game for now. I've drawn possible levels of support.
Bitcoin has just retested it's previous level of downward pressure. This could just be a pullback which will push us above the highs or a failure back to the $35,000 level. The current candle formation, within this short term downtrend, is showing to be extremely bearish. Look for price to retest one of the solid white lines I've drawn, before adding to you...
If you haven't gotten into AMC long, this is the time. Regardless of all the talk about the short interest, or other fundamental factors, the technical chart shows a perfect entry. Whether you want to day trade this or hold it for a few weeks/months, this is a great momentum play for any trader of any skill level.
I'm still long Bitcoin from the $9,000 area. See my previous analysis, linked below. Mass adoption of crypto for payments, money transfers, & store of wealth is still possible, but in my opinion, not yet 100% reality. I'll go into more detail about my fundamental analysis at a later time. For now, these lines shown on this chart indicate the technical trend that...
Short explanation: Wait for price to drop to my drawn lines before buying or adding to your positions. These lines indicate the areas that the big buying is currently taking place in bitcoin...AKA the uptrend Long explanantion: My drawing projections aren't always 100% accurate, however, it's all about direction & areas of obvious buying pressure. The lines I've...
This is a retest of the Hell that broke loose. Ask youself a question...If there was that much selling here, what's the probability that price will fall big the next time price comes here again? If the answer is more than 50.1%, you should probably take the trade. Price might not be guaranteed to fall as far but you've got a clear signal that you could bank at...
See my previous BTC analysis'. As long as we stay above $8,000, we WILL retest $20,000. This move will more than likely take another 3-6 months to complete. I've got Bitcoin in my long term account & don't plan on reducing my size until at least $15-18,000. I plan to Daytrade all 1 hour pullbacks for income trades, over the next few months. Buying at key Fibonacci...
Projected road map for bitcoin.
Reguardless of the world's current events, you better believe that stocks can rally to new highs & continue climbing. Reguardless how many people die, businesses fail, or governments collapse, this can happen. 1. The real people/companies/funds who have the money to keep in financial markets play their own game & are not about to let it fall apart. 2. The richest...
See my previous analysis where I entered short. I'm taking a small loss in this pair & switching to a long position, expecting my projection to the upside to play out. Too much buying strength is coming in here at a critical support level.
Short set up on the continuation of this bearish diagonal wedge pattern. I've notated what a reversal to the upside would look like, in which case, my stop loss will be hit.
See my previous 3 posts about the 1 Hour Long entry I took. This chart is an update, based on the Daily timeframe profit targets. The #cryptocurrency could easily reach $13,000 in the next week or so, as strong buying momentum has continued outside of the descending wedge (pullback). I am also long #Gold, #SPY (US500 #Forex), & Oil (usdwti)
Quick update on my previous Bitcoin entry LONG. Things to consider: 1. Diagonal trend breaks (Descending wedge patterns) are generally the most predictable & strongest breakout patterns. Not that I'm a "pattern" trader, its just that charts with lots of liquidity have generally predictable behavior. 2. The 1st projected target was hit & there hasn't been a...
The 1st profit target for my previous post has been hit. This is a great place to take partial profits, if you entered that trade with me. If BTC is to continue higher to the next targets (noted in purple), price will need to hold above the GREEN line I've marked. This is a diagonal channel breakout, however, it does NOT guarantee a continuation back to the...