Been out of town for a little while...BTC on the weekly chart is still downtrending. Still not trading long term until I see BTC break, and open and close above that .5 retrace.
Were still sitting in this downtrend channel yall. We need to see an open and close ABOVE that trend line...without that, we dont know for sure if the BTC pain is over! If your trading, you better be shorting...If you dont know how to short, and you go long, understand youre going to feel the pain if we keep on going down to the 5k area. HAPPY SATURDAY!
Sorry for the lame joke...I really just wanted you to click my shhh...but seriously...
I have no idea what I am doing. But i do know BTC isn't going up...thats for sure...
BTC has opened and closed below my trend line on the day chart. That says to me that were going to continue to bleed this sucker to the bottom. 8.9k is my next target which puts us around the 50% retrace level. My little head and shoulders I mentioned yesterday played out..its ugly, but it played out.
$8900..lets see it!
Comment, let me know your thoughts on...
Im liking what I see. BTC came up a little past that crucial 11.5k level and touched that resistance around 11.7k
As you can see, the sellers were waiting up there. More likely than not, we are going to see this wave continue to a bottom. I am waiting to see the completion of that little head and shoulder reversal, as well as an open and close below my trend line...
"This time we're gonna get funky
Everybody clap your hands
Clap clap clap clap your hands
Clap clap clap clap your hands...."
Were there ladies and germs. We have arrived at that crucial trend line/fib level of 11.5k...
BTC didnt quite get there...YET! We did see a nice respectful kiss of the ceiling trend line and have since bounced down to the 10k level and are...
Well we had a nice little breakout up to the 1..bounced on back to the .618 and back again to the 1...we could see LTC fall into this little range for a little bit before it makes its next move. We still have some dead space below that needs to be taken care of, so keep that in mind if your trying to get into this trade. Ask yourself if the juice is worth the...
Checking back in on OMG this morning and you can see a nice little head and shoulders forming up on the 60 min chart..
Dont be surprised if OMG heads back down towards that .618 for the square up and retest.
Im watching for a break and close below the neckline to confirm the H&S...may be a decent little shorting opportunity for those of you that dabble on the...
I am not currently in ADA, but if it gets back down there to the .236 i may start giving it the eye. Apparently ADA's next update is in T minus 15 Days...who knows what kind of influence it may have, if any. Either way, around march 4th, if this thing respects its trend line and fibs it will be around my sweet spot. Thats my theory...Lets see how it looks in a...
I didnt only miss the first buy at 100, but I missed the 2nd. SO, now I am waiting to see moves towards a retrace to the 170-185 range before looking for an entry. Are we going to break through that roof around 240 or head on down and bust back through that .618? Time will tell!
BE ON THE LOOKOUT! OMG looking sexxaaaayy. We retested that ceiling, forming up a nice little Bandera de toro! Keep an eye on BTC, were coming up to a crucial level: if BTC starts a 5th wave, OMG may feel a little pain and this whole trade goes south; or BTC has already made its reversal and is heading up beyond the 12k level. Who knows in crypto!? Finish out your...
