Astroc

Astroc Updated 

Rising wedge was broken almost perfectly and now we just follow the scenario. Any bounce should be sold till the first target. Playing agianst the market (taking long position) is suicidal for me right now. Just join the trend. Happy trading

Astroc Updated 

Nothing really changed since yesterday. BTC is moving in BLUE rising wedge. I expected two scenarios and due to positive tether news we took yellow scenario. I don't expect BTC will dump as fast as I draw (great FUD would be necessary) but in spite of some bullish signs I still think we need to make another lower low and go below 6k.

Astroc Updated 

Well, EOS must pullback stronger. Especially in bear market we currently are. EOS still wasn't punished like all other coins and we should expect that the worse times are coming. The price stays right now in safe triangle zone but it already broke major EMA lines a few times. Very long bull run looks finished and launching mainnet hasn't moved the price up. My...

Astroc

We are moving in a rising BLUE wedge so another drop should be expected. The RED support is very heavy resistance very difficult to break. When we bounce from it setting short position is recomended. But this is less likely scenario and we probably don't even go so high. Making any long position here is very dangerous and risk/reward is too high to make any such...

Astroc Updated 

BTC made descending triangle what means continuation pattern. We should make another lower low. Most of indicators are bearish biased but the high number of shorts can result in short squeeze/stop hunting and then finally go down.

Astroc Updated 

I did big mistake tomorrow which I didn't mention yesterday. I opened long during that dip then I got scared and I closed it with loss. If I wait then I would take profit of it today but well that's how it goes when emotions play. I also overtraded and was tired. It is easier to make mistakes then. Important lesson for me. Trading is really requiring job and even...

Astroc Updated 

Bloody week huh? It doesn't matter where the market goes because we can make money if the market goes up or down. We just need to be prepared for all scenarios. For this moment we move in pink downward channel. My previous channel was wrong and we broke it tomorrow. There is also a falling wedge so it can be expected that we break out of it to make some bounce...

Astroc Updated 

BCH just broke important support. Watch carefully for retrace and short it to 0.13. That's my plan. It should follow BTC retrace. If not just short if 1h candle closes below support.

Astroc Updated 

It looks like we just bottomed for this moment and now we can watch a chance for small retracement around 7k where was previous support and fib. 0.618 is placed. Happy trading :-)

Astroc Updated 

It looks like we are moving in this small descending triangle. There are two scenarios. Or we breakout, restest and go to 7k or we break down and restest support at 6650. In bigger timeframes we should test this 7k but the question where is better position to take it :)

Astroc Updated 

Well it looks easy. Bearish pennant. Target 6200. Wait for the breakout to confirm or retrace from 1h 20EMA.

Astroc Updated 

As I mentioned before breaking 7480 would result in further drop. For this moment it's still really difficult to find out what direction we are going to in short-mod term but it looks rather worse than better for me. Of course nothing has really happened yet and we can't say the bear market is in tact BUT more and more indicators show it. It's very possible we...

Astroc

as we can watch there many similarities between S&P and Bitcoin. Before Bitcoin copied all moves from S&P and it seems that BTC will follow S&P again do the breakout finally up to 11,7 (or more)

Astroc Updated 

I would like to start short daily reports about BTC in order to keep notes what I thought about current market situation and what happened next. I am without position right now. In my opinion we follow the blue uptrend channel but there are two major obstacles which press the price out of this channel. It's 100 4hEMA and horizontal resistance at around 7780....

Astroc Updated 

There is still some room to go down. We still need to go downwad in order to touch RSI around 33-34 It will be a good moment to go long. I expect price around 7500 or 7600 where I go long. It depends on 1D RSI. If the line is broken then we have a very bad bearish scenario but I suppose that we need a very bad FUD for such scenario. Bulls are still in play just...

Astroc Updated 

BTCUSD probably forming bullish pennant but we need to confirm breakout from redline to have full confirmation. Target 9100.

Astroc

We are going up ladies and gentlemen. Expected break of resistance til' 9k. Volume is very good and momentum is high. Let's go then :-)

Astroc Updated 

We can watch bearish divergence on ETHBTC pair as well as rising wedge. Expected local correction to 0.08