A_Boyism

A_Boyism

Morning all, this is my bullish thesis for BTC for Q1 and Q2 and will post my bear case later. I could see something like this playing out during the first 6 months of 2022, there is a pretty clean Ascending triangle on the monthly if we bounce here, leading into a H&S pattern with one final fakeout/max pain before the real breakout Q3/Q4 2022. Where BTC...

A_Boyism

Hope everyone had a good holiday break. Pretty much watching BTC as both VRA and BTC's charts are highly correlated. We're at support and I would not like to see us start trading below the wicks from September on higher TFs, if so, I will probably exit into Stables and wait and see. I think both BTC and VRA have one more sweep of the lows left to take out...

A_Boyism

Looks like VRA might be ready to push through the downtrend line. Currently consolidating below and looks good. VRA/BTC chart also looks ready for a push. Added bonus is BTC is doing the same and both are heavily correlated at the moment so as long as we get a continued breakout with BTC we should see both VRA pairs start to move. I'm looking for a move back to...

A_Boyism

Trading this range till we're back above 0.05. Looking for SFP's of these levels/trend lines to sell/short back to support, rinse repeat till it doesn't happen anymore/stopped out. Been a nice accumulation range. I think BTC has bottomed and so VRA too but time will tell. Wouldn't mine a few more swings to stuff my bags a bit more. Happy trading!

A_Boyism

Hope you had a good weekend. Looking pretty average but my main focus is what BTC decides to do as VRA should follow. Watching this Bi weekly and 3 day OB we-re currently inside of, we definitely don't want to start closing below these levels on the daily time frame. I'm buying more at these prices, whilst also selling weakness and then looking for the cheapest...

A_Boyism

Didn't get the V-shaped recovery I had hoped for, at least on the lower time frames, I expected BTC to follow the S&P but I was wrong. This dip has had some good lessons. I definitely lean on optimism to curb my anxiety and fear when I should just stay neutral and observe the patterns the charts give us. As for the current price action, expecting more crab, have...

A_Boyism

Eth/USD will likely push up with BTC as it trends up again, expecting Eth/Btc to pull back and retest previous high. I expect the btc pair to complete it's retest around the same time the usd pair is ready to break out of the triangle and both should go full send from there.

A_Boyism

Lots of similarities in price action to the 2017 November correction on the 4hr (See my related chart). Top structure is similar, capitulation and bearish retest of up trend line and 0.618, followed by a double bottom. RSI is similar on both also, BTC is just lacking a bullish divergence on the 2021 daily.

A_Boyism

Check this against my Nov 2021 BTC chart. Very similar price action.

A_Boyism

Well no pumping it apparently... BTC has lost daily support and the bottom of the broadening descending wedge pattern I have been following. From here I think we go to 46k and see if bulls can lock in 4HR divergence there. and create a nice double bottom, I would like to say we pump hard from there but it's looking more and more like a bit of...

A_Boyism

BTC retested previous resistance and the bottom of the BDW and bounced strongly. Stonks continuing to show strength. Guess now all we need to do is pump it? Have a great day.

A_Boyism

Morning all. Stonks have had a great recovery, expect the same with crypto. Quick scribble of what I expect over the coming days, retested te reclaim of the descending channel, probably spend some time here while BTC retests its previous resistance then up we go. . Manage your risk! Have a great day.

A_Boyism

All things going to plan at this point. BTC is pulling back to S/R flip previous resistance and should rally from there. Stonks have had a nice V-shaped recovery, expecting crypto to do similar in the coming days. Have a great day.

A_Boyism

Well things look a little less bleak today but we're still not out of trouble. Not too much more to add from yesterdays but I did notice we tagged this parallel channel perfectly twice, which suggests to me we are in a bullish accumulation range and unless we loose it we should just expect more upside, I don't think we'll be rushing to ATH's but the top of the...

A_Boyism

BTC broke resistance overnight and reclaimed the bottom of the broadening descending wedge, we still have to get back above the trend incline line (red) but I don't think it will hold too much resistance. Looking at order books many exchanges have a lot of sell bids at 59k, this is around the Target 1 of the broadening descending wedge so that's not too...

A_Boyism Updated 

Morning all, hope you had a great weekend. Not gonna lie VRA looks shit but there is some hope, ideally we want to see a bounce here and see the 0.618 retrace hold which would be bullish. We managed to hold the biweekly order block in purple as support on the biweekly close, we want to see that hold and preferably bounce from here. A lot is going to depend on...

A_Boyism

I was hoping bulls reclaim the broadening descending wedge on todays daily/weekly close but we're still stuck below the daily OB at 49600 and being met with quite a bit of sell pressure every time bulls have attempted to push through so we'll probably be bouncing around down here for a bit longer and may even swing below 48k again and maybe we'll get some low time...

A_Boyism

Haven't paid too much attention to the Bitcoin Bi-weekly chart apart from using the RSI as a cycle top/game over indicator. However after this most recent dip I've noticed that the 2 week order block at 48500 has been a very important macro support resistance area and we've just come back to it to test it as support after breaking out past it. On the lower time...