Traders, In this week's roundup, I'll cover Bitcoin, where I see it finding support and what my current perspective of future Bitcoin price action looks like. Plus, I'll take a look at a few of my recent altcoin trade entries. What was I thinking? Did I make a mistake? Let's look at the charts and discuss. Timestamps: 00:00 Intro 02:00 Bitcoin TA 11:37 Altcoin Trades
🎉 ETF Approval: A Cause for Celebration or Concern in Crypto? Hello, traders! Today's update comes with a blend of excitement and a touch of caution. 🎭 The long-awaited ETF has been approved, slicing through the SEC's comedy of errors. Yet, amidst the celebrations, a sentiment poll reveals a split view: 32% are elated 🚀, 42% content but expected more 😐, and I'm...
Daily update on Bitcoin (Week 2 / Day 2) The price of BTC has had a massive breakdown and rejection of major zones at FWB:48K and 45K. The price is showing some recovery, which could push the price to the upper zone of $45K (for a small re-test). Although this would be a small movement, we are still aiming here for further downward movement to the $34K zone,...
Traders, There are essentially four big reasons explaining this bitcoin pullback. Let's take a look at what caused this pullback and talk about where we go from here.
Today at 4:11 PM EST (UTC-5) the @SECGov Twitter account posted confirmation that Bitcoin ETFs had been approved. Bitcoin price spiked immediately on this news but the following price action is most interesting. The hacker that made the Tweet, presuming the news would create a large, sustained bullish move, likely LOST MONEY on his illicit trade. Tradingview...
Watch closely. Trade carefully. Could be a sell the news event.
Traders, Don't really have to say much more here. This is the altcoin total market cap excluding BTC and ETH. Alts continue to face trouble and it looks like more selling will ensue. Stay out of leverage and trade carefully. Ensure those stops!
I don't know about you, but with all of the hype for the Bitcoin ETF going on, I am staying pretty cautious in the markets right now. Even though there are some big movements going in other altcoins, most eyes are watching good ole BTC. Nobody truly knows what is going to happen, there is a ton of speculation going on and the price action we are seeing is people...
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.
🎉📈 "Bitcoin ETF Buzz: To Sell or Not to Sell?" 🤔💰 Hi everyone! 🌟 Today is a special episode, a special post, and a special idea. First of all, Happy New Year 🎊 to all of you! We have Bitcoin at 45K, nearing 46K 🚀, prompting us to consider our options. Is it time to sell the news 🤷♂️💼 with the Bitcoin ETF drawing closer? The market is rife with FUD 😨, and...
Not trying to introduce more FUD. I just want you all to be aware of what continues to occur in the altcoins space. As you have seen my recent video, major levels are breaking everywhere. This continues to be the case and, in fact, even the strongest of the altcoins are starting to struggle. TOTAL2 is showing a break from our ascending channel as we look to retest...
BTC looks to be in a short term distribution phase, with a likely top already in ~47k on CME. Expect moderate volatility this quarter, where I expect constant violent 10% swings in either direction between 46k and 41k until the ETF approval. Afterward, expect a drop to ~38.5k by the end of January. Note, January EOM has the highest likelihood of dropping the...
Here we see the monthly logarithmic chart for the ethbtc pair so the impending golden cross is not shown here. It is only a few days at most away from crossing and we can see here on the log chart that the ethbtc chart’s priceaction is well above an inv h&s pattern and likely has validated the breakout of this pattern even though we haven’t reached its full...
ER Analysis - Historically weak quarter and I think will guide lower for next quarter. There was massive demand in NA and globally due to Covid, but that story is fading. Look for a buy around $500-510 level. Put/call ratio almost even at .98. GL!
This seems like a pretty blanket statement, but I believe that it will succeed regardless of the type of news being reported or whether the underlying asset in question is directly the subject. What I mean is that if you were to sell all earnings reports prior to the announcement, it will be a net winning strategy. If you sell the major indices into the FOMC...
IBM appears to be hitting a wall. This could be a sell the news event now that they announced their new 2 nm chip. Most of the industry is at 7nm. "Buy the rumor, sell the news"
Orion Protocol terminal launch = sell the news event. Bull flag pattern with small break downwards and now bouncing of the .786 fib like 6 times in a row. Wouldn't be surprised to see it quickly wick down as a "shakeout / capitulation" event before reclaiming the flag pattern and then continuing on its way towards all time highs. For me? this is a buy and hold....
Hoag's 80% Value Play (Election Day Short-SELL THE NEWS) Uber looks Toppy, Multiple Potential Dbl Tops (Unconfirmed) Reasons for Trade: 1. Have retraced to areas of .618-.786, and to + .786 of its range from IPO high and most recent high, respectively 2.At volume high rn, break back into value, and held for 2 consecutive 30m candles, suggests price will revisit...