ChartAddicts

ChartAddicts

*Obviously, we are in a sharp decline at the moment. The market will have periods of high volatility and choppiness while it settles into a new range. The best plan of action is to focus on intraday scalps until we have enough structure and movement to determine a larger opportunity.* Daily: Bitcoin closed as a bullish hammer and has now tapped the...

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Daily: Bitcoin closed bearish on the day. There was a very nice rejection just above $29,000 yesterday, which pushed the market upward and gave us a dragonfly doji closure. This is generally seen as a bullish sign especially on higher time frames. Until we see a break and closure on the daily under my key level ($29,500) I will remain bullish; we often see an...

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*We saw a major dip at the market open for the next daily candle. I will remain bullish until we dip and close below 29.5k on the daily, this would invalidate my short-term bullish bias.* Daily: Bitcoin closed bullish and is testing resistance at $31,700. We need to see a breakout above $31,700 for continued momentum on the intraday. This was the second largest...

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*Looking to buy market up to $33,500, I expect a short-term bullish recovery in the market.* Daily: Bitcoin had a strong bullish closure today and our price action looked good. Our support level is strong and the market should continue higher from here. My next resistance target is $33,500 and CA members are currently positioned in a risk-free swing from buys...

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*Bitcoin is showing some promise of a short-term recovery, I'll look to buy the market up from any retracement's.* Daily: Bitcoin closed as a bullish doji after breaking out of the wedge consolidation we’ve been trading in-between for the last two weeks. We have seen a bullish move towards $32,000 as expected and I do believe we have room to push up towards...

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*We saw a liquidation of orders as price dipped below $28,600 for the first time in 14 days. This was the bearishness I was expecting over the day though we still have not broken out of this tight daily range. The longer we stay here the stronger this support level will be, if we break higher I'll look to buy the market up to $32,000. If not, we may see another...

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*Daily range is underdeveloped, we need more structure to build a bias. Trend is currently bearish but my bias remains neutral.* Daily: Bitcoin closed bearish and is ping-ponging between the local highs and lows of the current trend. We have been moving within this tight range for over a week and a break should be coming in the near future. Our current...

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*We may see a flip in the market if the DXY turns bearish and we see a bullish reversal in indices. This all can add short-term bullish confluence.* Daily: Bitcoin closed bearish and price is currently ranging between $30,500 and $28,600. There is some buying pressure pushing price higher and I may look for a buy position over the weekend if we can see the...

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*$30,000 is THE most important psychological level on the Bitcoin chart. I currently hold a short-term bullish bias towards $32,000.* Daily: Bitcoin had a bullish closure today following a retest of support under $29,000. We are now building structure at arguably the most important support level on the charts. The $30,000 psychological level is extremely...

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*6 weeks of continued bearishness, one of the longest and unattractive trends we've seen in Bitcoin. I will only scalp the market until we can develop some substantial structure on HTF.* Daily: Bitcoin closed bearish for the fourth day in a row. Price is continuing to drop and we could see $29,500 as the next major support level. We have failed to build a...

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*Downside target of $36,500 was hit after some choppiness and volatility in the markets. I hope to see a floor being developed within this price range. This break of our trend will allow price action and structure to shift in the market, potentially giving use clearer opportunities than what we've seen over the last two weeks.* Daily: Bitcoin closed...

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*High-impact FED news tomorrow, I am neutral on long-term direction but I am still looking for shorts down to $36,500 in the short-term. Bitcoin's price action and volatility will be affected tomorrow, possibly substantially.* Daily: Bitcoin closed bearish and we are now testing recent lows on the intraday. Tomorrow is an important day in the markets as we...

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*Currently neutral on higher time frames, I am looking to take shorts if we can break under $38,300 and retest that level. That is my intraday bias, until we create a higher-low on the daily, I will not look for buys.* Daily: Bitcoin closed as a bullish doji with a very small body and long wicks. This is showing massive indecision within the markets and it...

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*No need to overcomplicate the chart. We are entering a transitionary period as we move into May and we also have FED news next week. This will have a dramatic impact on Bitcoin so it's best to only look for scalps until then. Only if there is volatility to trade.* Daily: Bitcoin closed bearish after retesting our support turned resistance. This is a...

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*Structure is becoming more clear, I believe we will be bullish once we create a higher lower; though we could still go as low as $36,500 before that happens. I would only take scalps for the time being.* Daily: Bitcoin had a small bullish recovery wiping out about 50% of the bearish price action we saw yesterday. The market has been very volatile and...

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*BTC has shown its hand, we are continuing this downtrend as most expected. This will be a choppy range, it's best to let price develop before looking for swing trades.* Daily: Bitcoin liquidated all orders built from our strong daily recovery yesterday. Price is approaching the lower teal (or black) trend line and I believe we will push higher after...

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*Neutral until we see tomorrow's daily closure and intraday structure.* Daily: Bitcoin had a secondary dip as expected, followed by a strong recovery. We traded up to our major resistance level of $40,500 and the price action from here is promising once again. If we can build more bullish structure, we could see longs from our original level of $39,750 or...

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*We saw a fake-out as buyers were liquidated over the last few days. It has come to my attention some people do not understand the use of wick-to-body trendlines, which are used to delineate breaks in structure which can be capitalized on when coupled with additional confluence. (Support/Resistance levels, MA, etc..) This is a great way to understand how price...