FBlocktrader

FBlocktrader

When markets go down sharply, like the fast drop in BTC after the Coincheck hack, they tend to pullback and eradicate any losses in the following 24 hours. But even if you know and expect this, you have to follow price action rules and wait for long entries. How could that be achieved in this case? 1) Why was the market starting its pullback at 10.300-400 levels...

FBlocktrader Updated 

What can the market do to trap people to the wrong side and then go where you thought it would be going? This scenario is pure speculation, but a way it could play out, if you are looking for a retest of the low (10.000). Whatever happens, always pay attention to the short-term trends (inside ranges)!

FBlocktrader

Bitcoin has left the broader sideways channel, which was slightly upwards pointing, a now new downtrend has emerged. The chart shows how you can scale into a position and where to cover. All entries are based on price action rules. The cover targets are based on targets at which upside movements could start.

FBlocktrader

After the break of the big multi day downward channel, Bitcoin has established a range, or rather a broader upward tilted channel. This sideways movement can be expected after a strong downtrend. In the chart I explain how to trade this range. Right now the strong correction to the upside has nearly completed its second leg up and is making a new high. When...

FBlocktrader

We had a strong correction in the major cryptocurrencies. Bitcoin and Ether and other liquid assets like Ripple traded pretty much in sync. So this price action technique can be applied to all of them. In the chart I briefly explain in the notes why theses short entries are within my price action rules. The covering of the positions take place at...

FBlocktrader

ETH is trending down in a broader trend channel and has now reached the upper trendline again. There is a short opportunity at the resistance level (1220). If the market turns down now there is a good chance of testing the low again (1080). This retest would also be a second leg down and could also be a move inside a developing trading range (1220 -> 1080).

FBlocktrader

COINBASE:BTCUSD After the first leg down, which occurred after the break of the multi-day downtrend, there was a 2 legged correction to the upside. Now the market has reached the important 14000-14300 area. There is some resistance and and a good place to start a second leg down.

FBlocktrader

COINBASE:BTCUSD