ChartPicasso888

09:05

ChartPicasso888

Supports got ruptured now we retesting

ChartPicasso888

i really like the bigger time frames cause they give you thinking time, currently looking rather bearish, should bulls be looking to spoil the party then need to start printing candles above 10500

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BTC USD DAILY - Bitcoin finds itself unable to pass the critical 9700 resistance line as this wall of resistance that comes from a multiple year high crossing attempt from bulls. Failure to find support above this line will see BTC looking for resting support below at 9300 and lower 9000.

ChartPicasso888 Updated 

Been a while since i shared my ideas, well here goes something: 4h sell dot loaded, we may close the candle with a doji, MACD about to flip negative, symmetrical triangle resolution, wedge about to break, channel about to get compromised as well, all ways point down short term, first short trigger 10313 break of 200EMA Targets -10250-10192, worst case 10045

ChartPicasso888 Updated 

Short and Simple tentative entry point for a long trade. Entry: 10000 Stop Loss: 9800 Target: 10400 Trade Safely, Happy Trading Note: Not Financial advice.

ChartPicasso888 Updated 

PLEASE NOTE THIS IS TENTATIVE NOT FINANCIAL ADVICE TAKE IT WITH A PINT OF SALT! This is an attempt to identify a good entry point in the current down trend, designed to maximize returns in the short term should a vital condition be met at the low 1.27 Fibonacci Retracement. Our study uses the most recent swing low AUG 6 and the most recent swing low AUG...

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Current trading path showing signs to break to the downside, unless a surge to the upside is realized. We failing to rally past the 21EMA, even if that is breached we would need to blast past the 55EMA to register any bullish movement. Bull Targets: 10500, 10800, 11500 so much confluence on the way up we will likely not rally past that unless some magical volume...

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Been a while since we looked at bitcoin, that's cause a lot of sideways move makes for boring reviews. So here we go after the recent dump we have removed some clutter out of the chart and zoomed out for a bigger picture type of trade opportunities. What's new? -Bitcoin is approaching what we believe is the strongest resistance line going back to its first ever...

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A single swift five minute candle has brought us crashing down $600+ below the critical sloping support which proved too much for bitcoin to climb past right now. Not only that but we now find ourselves beautifully supporting on the sloping Support line and a fall below that could see us easily reach 11000, nothing out of the ordinary here so far as we still in...

ChartPicasso888 Updated 

Although the couple two days presented great opportunities for both bulls and bears the bigger picture seem to be painting towards favoring the bears. Why? We have now painted a double top rejection on the tentative sloping resistance line to the very "T"(pretty much confirmed to be a solid point of critical resistance). I am positive any trade above the...

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As predicted on our past post "BTCUSD Either way we going up...What's the Top Though?!" anything above 12000 we deemed it as a bonus and just like that we got rejected heinously at 12300 and fell in a massive landslide of almost 7%. Regardless the bulls are still in control, for now, and the sloping resistance line is merely tentative, for now. We now holding...

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As expected the slight bump on the road that saw us descend from 10800 to 10600 for almost a full day was as predicted a scare tactic to squeeze a couple longs out of their positions, please see my last post on this idea "Guess that was the top...for now"! That aside we have managed to break 10800 not only that we kept moving past 11200 in one swift move like it...

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Like text book we failed to breach 11000-11200 range and we now as of writing back to 10600 and falling, play your cards close to your chest though as this may very well be a fake-out to squeeze longs out as well. My last post has the whole story, it may be found on the chart itself or related posts, be kind to have a look, not much to say right now. BEAR...

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No matter how we look at it we look at it the bulls are in control after breaking the 10700 mark on the first attempt. We now well poised to climb towards 11000, breaching this could see us on our way towards 11500 and possibly the holy grail of the current rally at most likely 12000, anything above this should be considered a bonus. Please note this would needs...

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Dont you love it when candles make love to trend lines, they just meander as expected and every piece fall into place? Thats the beauty of technical analysis. Poetry aside, a re-cap of what happened: 1- A steady EMA 2- Slow climb towards 10200 3- A breach of Resistance at 10200 4- A rejection almost to the T on the sloping resistance and the extrapolation of the...

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We currently trading again in a tight pattern trying to breach 10200 resistance and holding 9800 as current resistance. Descending triangles are inherently bearish unless we climb past 10200 we will slowly descend past 10000 and possibly re-test 9800, 9700 and worst case scenario back-test 9300. On the bull end good news comes in the form of a steady ascending...

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After the epic 6% dump and pump, yup dump and pump that brought coinbase to its knees for a moment, we are now followed by the actual natural breakout to the upside. We now looking healthy to either slowly descend again or break the sloping resistance towards the next horizontal resistance. Targets: -On the upside, 10200, 11100 and 12000 -On the downside, 9300,...

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The bears have now tried to breach 9300 twice and counting, as a wise saying goes "Weak waters hit on hard stone until it cracks" high chances the bears are still in control. The bulls are still to climb back to 10200 if we are to set any new uptrend until then its short happy days. The bigger picture though, bulls are accumulating, i believe with the sheer...