As seen in previous bear trends this year highlighted in gold, after a long dump we will need some sort of consolidation before another drop, some believe we will bounce up high from this area, I do not. after we test 5800 i expect consolidation and maybe a bounce to 6200 for up to a week before a sharp drop to 4800-5k once the 5800 is lost. follow for updates
A nice green candle up to give bulls another chance to break up and convince us of a reversal, BTC just went above the EMAs that it has been having trouble with of late. However the bulls must follow through with in a day, we will be paying close attention to the bull volume if it starts to die down so does our chances of a continuation & BTC will drop down and...
After a potential reversal from 5800 to 6250 all the bulls are left with is hope, its been a disappointing attempt at a reversal. There is clear support around the 6-6100 area, but how long can it hold this price up? not long in my opinion, with volume dropping by the day and all signs of bull momentum fading I'm in full bear mode still, unless bitcoin gives me a...
Bitcoin is still ranging between 6350-6800 but after BTC recent $300 move up we have since formed a higher low & now coming to the end of a short term ascending triangle, but with volume declining as we approach resistance & very little new retail money entering the space, I greatly favor us staying in the range a little longer, I would expect a retest of the...
Lets get one thing straight, Market Psychology has not changed between 2014-18 & all of the tech progressions have been priced in, the price has risen with the fundamentals. So now everyone is wondering when is the bottom? First you need to understand where we are in the market cycle. The chart shows the stages of where the market has been since the last bubble...
How to identify when you should be buying & going long & when you should be selling if you want to play the trends effectively, especially if your a passive investor this particularly applies to you. This is a somewhat simple but very powerful tool to know about how to identify the trend your in, do you know what trend your in currently? Rule of thumb for...
Watching the triangle, a break up should see us retest the resistance & continue to range, A break below would signal new lows. Volume continues to descend, bears are having a break, but bulls are not convincing us that they will reverse the down trend. Overall Bearish
Litecoin Continues to be the weakest of the the top 5, recently made a lower low where the others held a higher low. The volume overall is still declining, you could say that the bears are running out of steam, If true then the bulls are not showing much strength either. Watching the triangle, a break above we should have LTC retest the recent high of the...
Head & Shoulders Forming We continue to have low volume Still Ranging Between 6350-6650 Drop below 6350 will signal new lows follow for updates
Since The Recent Low Of 6100 Bitcoin Has Since Made Somewhat of A Reversal or At Least A Bounce, Making Higher Lows On The Way. Now We Are Looking For Bitcoin To Either Break The Over Head Resistance & Continue The Reversal Or Fall Back To Test Lower Supports, The Triangle Shows The Area This Will Happen & Likely Support Zones It Could Fall To. We Are Still In...
As Predicted We Broke Down From The Bear Flag Very Sharp, Now The Question Is Are We At The Bottom Yet? We Think Not There Is Little Bull Volume & Nothing Is Convincing Me That We Will Go Back Up From Here, A Bounce To The 7k Area Is Likely But My Next Real Target Is The 6400 Area. We are Currently On an Impulse Wave 4 of 5 In This Recent Drop & We Are Expecting...
Bitcoin Has Been Slow At Best Recently, Traders Have Been Ignoring Bitcoin & Looking To The Alts & Other Markets For Better Trades. The Market Is Still In The Process Of Discovering If The Recent Low of 7k Is Going To Hold & Trying To Decide If This Potential Reversal Is Sustainable. BTC Has Struggled To Break The Resistance Zone Outline, But Has Made A Series...
Keeping It Simple, Two Key Support Areas To Watch. A Drop Below 6500 Would Have The Bears In Full Swing Follow For Updates
Bitcoin Cash Has Been A Favorite Of Mine To Trade In Recent Weeks, Now We Are Getting To The Point Where The Market Is Trying To Decide What Direction To Go. Highlight In Green Is Our Bullish Ascending Triangle, Bitcoin Cash Will Have To Decide What Way It Wants To Go As It Draws Closer To The Apex. A Break Up Will See Our First Target Reached Fairly Quickly,...
Dash Has Been In A Downwards Descending Triangle Since The Start of The Year & Holders Will Be Getting Nervous As Dash Is Forced To Decide Which Way It Wants To Go. As We Edge Nearer The End of The Descending Triangle Dash Will Either Break Up or Down, And If Dash Breaks Down It Will Go Below A Longer Support That Has Been In Place Since April 2017. I Have No...
Bitcoin Cash Has Been One Of The Stronger Names of Late & Has Given Us Reasons To believe We Could See A Break Above Resistance, But Now BCH Has Failed its Attempt At Breaking The Upside Resistance, Are We Still In With A Shot Of Maintaining This Reversal? I think We Are, The Red Line Shows Where BCH Broke Down On The Short Term Uptrend, However We Are Still...
Litecoin Hasn't Been The Most exciting Coin To Trade Recently, Being One Of The Weakest Coins In The Top The General Sentiment Around LTC Is Boring, But This Is Nothing New, Litecoin Has A Habit of Being Boring Then Out of No Where Making Explosive Moves. Im Completey Neutral At Best On LTC Right Now, Its Struggling To Reach The Resistance Zone Above It, If It...
There Is A War Right Now Between The Bulls & Bears & Trading BTC Hasn't Been Plain Sailing Recently, With Small % Gains I Feel Most Traders Are Looking Towards The Alts For Better Gains. Here Is A Bigger Picture And I've Found Some Patterns That Shouldn't Be Ignored, And Word On The Street Is BTC Will Repeat The Last 2 Fractal Patterns Which Would Make It Hit The...