JoeTrader_Ph

JoeTrader_Ph

Bitcoin follows OIL or OIL follows Bitcoin lately?

JoeTrader_Ph

Is now trading at 18 year low. Oil plunged as the demand dropped due to the travel restrictions and lockdown caused by the Corona Virus and Middle East not cutting their supply, instead they are increasing more. This could still drop or stall as stockpile will take time to be consumed even if everything is back to normal. However, Markets are always forward...

JoeTrader_Ph

Green box is all we need to watch for!

JoeTrader_Ph

Trade M-3.31: Entry: 6420 - 6390 Target 1: 5560 - 5590 Target 2: 5470 - 5510 Stops: 6725 R:R: 3.5 Entry conditions: - Drop below 6350 - Come back up but failed to break 6450.

JoeTrader_Ph Updated 

It's been a month since the last time I have posted a technical analysis for Bitcoin. So here are my outlook recently. BTC has been consolidating these past few days and it really feels like we will for the next couple of weeks until Q1 of 2020. It feels like the sentiment is the same as last year at this same time. I think 2 things will happen: 1. Bitcoin will...

JoeTrader_Ph

Few days ago, I previously published a 'zoomed out' view of what I think Bitcoin price will be in the next few months. Here's the 'zoomed in' view and the significant resistance/support levels I think we should watch. Follow me on Twitter: @JoeTrader06 Join my Telegram Trading Journal: t.me

JoeTrader_Ph

Since the pump to 10.5K, BTC is ranging between the 100MA and 200MA. When it goes up, it is being held down by 100MA. When it goes down, it is being supported by 200MA. This has become the trend for 11 days and the daily candles have tightened while 100MA and 200MA are moving closer towards each other. Death Cross in the making? It is still pretty immature to...

JoeTrader_Ph Updated 

Technical Analysis: So after the recent price pump and Bitcoin price has stabilised a bit, I'd like to go back to the chart. As of this writing, price has been held down by 100MA as much as it is also held up by 200MA. I expect we will consolidate from this 8900 - 9660 range where VPVR is observed to trade on low volume. A break above 100MA would mean...

JoeTrader_Ph

BTC is trading in middle range as of the moment. 200MA on Daily still holding BTC price below 8750-8800 which acts as a significant resistance. I will be buying in this middle range area and still neutral to bullish as long as the middle range holds. Still holding the remaining (not a lot) XBT I bought at 7750 and ETH at 169. Outlook: Neutral to Bullish in short...