KurtisDunphy

KurtisDunphy

This is my personal plan. Should we continue to trade within this wedge formation, I will be taking profits in the areas marked in red, and reaccumilating in the areas marked as green. A bullish break to the upside of the wedge will render this analysis void. :)

KurtisDunphy

BTC has hit my upper tagrget of 43K. In recent weeks, weekends have proven to be most volatile for BTC and often to the downside. Personally, I have taken profits and will be looking for a rejection or breakthrough of the resistance line in question. A rejection will see a restest of 42k, at which point I will continue to build my long positions cautiously.

KurtisDunphy

Look for a confirmation break / rejection of the 4 month long resistance line.

KurtisDunphy

Look for a break of the wedge for confirmation of a bearish of bullish continuation

KurtisDunphy

nice and easy...

KurtisDunphy

Break of the green support line would suggest a retracement to 40k. Break above the key resistance at 42.6k would result in a run up to around 46.5k

KurtisDunphy

Failure to re-enter the wedge formation could result in a continuation of the bearish break down to to 38.8K, a further break of which would take us down to 37k. Long term I am extremely bullish on BTC, but in the short term if this plays out successfully it could result in a great opportunity to accumilate further.

KurtisDunphy

History repeats itself.

KurtisDunphy

As depicted by the chart I have created, BTC finds itself in 3 macro trading ranges. Each range should be approcahed differently. BTC is currently entering the oversold region of the chart, signalling that it is time to accumlate. BTC's fundamentals remain strong with continuous news of insitutional adoption. Weak hands that sell in the days to come will be...

KurtisDunphy

Bitcoin is has been rejected perfectly from the intial target of 55-56k. It is to be expected that bitcoin will form a higher low, before making it's continued move to the upside. Please view my previous post for your information. Today, abn inverse head & shoulders formings, as well as support being found outside of the downwards facing wedge BTC previously...

KurtisDunphy

The price of Ethereum (ETH) is increasing at an exponential rate - parabolic. A curved trading range has formed that can be used to determine the possible boom & busts of the asset. SHORT/TAKE PROFIT: When in close proximity to the RED trend line. LONG: after a confirmation bounce from green trend line. STOP LOSSES: When a significant break of the parabolic...

KurtisDunphy

History repeats itself time and time again. The price movement of BTC over the past 24 hours has resembled that of what we saw in February. A continuation of this dip would likely be short lived. I see any DCA entry below 50k to be incredibly wise. Short sellers should beware. The porposed changes by Biden would take months to take effect, the dollars continues...

KurtisDunphy

ETH is trading within a maco wedge. A break of the current support line would see a bounce around the 1.5k region. At this point, I would be looking to sell my non-existent house and go all-in. Taking profit above the £1,840 mark would be wise whilst we await a bullish confirmation.

KurtisDunphy

The bisector of current wedge BTC finds itself in meets perfectly with the previous all-time high. This can be used to confirm a bullish or bearish continuation in the days to come.

KurtisDunphy

If support is broken, this TA will become nullified. But so far BTC appears to be showing some strength. Institutional buying pressure + ETH bullish sentiment = Bullish BTC breakout at the end of this formation. (most likely, in my opinion)

KurtisDunphy

If the trend is to follow the descending broadening wedge formation, The next bearish target for Bitcoin will be around the 16.2k mark. A break below would see our next line of support at around 15.6k. A descending broadening wedge is generally a bullish pattern, however, given the macro bearish momentum I would not anticipate a break out on this...

KurtisDunphy

CRO appears to be rounding off, meeting with pre-Bullrun support levels. There is still room for a 15-22% move to the downside before the floor would be met, so trade cautiously. Cost averaging may be the best approach with this one. Long term future for the company is still strong with news of expansion across multiple new countries. It's worth bearing in mind...

KurtisDunphy

Over the years I have made many common mistakes, and so I hope that by listing what I have learned, it may help someone speed up their journey to becoming a successful cryptocurrency trader: Don’t jump into trades without consideration. Evaluate, set buy/sell orders, and use stop losses! Remove emotion, look to buy during periods of fear. Go against the...