GriffTrading

GriffTrading

Bitcoin is completing what seems like its favourite pattern recently. - Start a wedge and bounce a couple times - Break out of the wedge and form a double top/bottom with the price at the start of the wedge. - Flip and blow through the wedge to hit the other side of the wedge formation. If it completes it's third one right in a row (with more historical...

GriffTrading

Golden cross at the channel trendline is a good sign! Ifthe channel is respected, 10,500 is easy. If it's broken, 8k could come and go fast. Time will tell!

GriffTrading

Somethings gotta give soon!

GriffTrading

This is a pretty nice short setup, but entry position and timing will be critical to avoid getting in a bad spot, or stopped out altogether. We're approaching the resistance trend line above, which lines up with the "shoulder" height to the left. This could be a tempting place to short, but we need confirmation first. The highs of the trend line to the left are...

GriffTrading

Price reacting to previous support zone at 1.37-1.38, coinciding with the 0.618 retracement of the last leg down. Evening star 1H candle formation, bearish divergence and a crossover also supporting short direction. Stops above 1.328 at top of consolidation zone. First targets at 1.32 in anticipation of more consolidation at this psychological number. Could make...

GriffTrading

Daily chart, even handles shown on the chart in blue. Expecting some symmetry in the behaviour around 1.3/1.4 as noted on the chart. I'll be waiting until Monday for movement.