


Bitcoin price action analysis, and bot signal review.
Litecoin is poised to test the low 60's over the coming week. My trade scanner has called a signal to go short from 64.90 with a stop at 66.25 and take profit at 62.90 approximately. This was shared yesterday around 6:30 PM EDT. These signals are private but I am sharing it here so that as a community we can evaluate the context and observe the outcome. Having a...
Bitcoin price action analysis, and bot signal review.
Bitcoin has spiked back into the high 26K resistance. While this is a minor resistance, price can go EITHER way from here. So how to navigate the risk around this highly random situation? The first decision you must make is: are you conservative or aggressive? This will shape how you interpret the price action that COMES NEXT. Having a rules based system helps...
Bitcoin price action analysis, and bot signal review.
Lower highs often lead to lower lows. If 25K is cleared on Bitcoin, 22K becomes the next relevant support area. Situations like this can be very confusing, but in this article I will explain the mental framework I utilize to effectively shape expectations and manage risk when facing technical conflicts. First we must ALWAYS accept the fact that markets are MOSTLY...
Bitcoin price action analysis, key levels, potential scenarios for coming week.
Bitcoin price action is NOW beginning to present the setup that I have described two weeks ago. It goes to show how WAITING is better than reacting. Even now, with the current setup, I am not in a hurry to put on the swing trade because of the suspect environment. Knowing how your strategy performs in a specific ENVIRONMENT is more important than just having a...
Bitcoin price action analysis, key levels, potential scenarios for coming week. Question about stock or alt? Ask in chat.
Bitcoin is consolidating around the 25K AREA support and continues to maintain a bearish bias on smaller time frames. As we go into the 4th week of August (the SLOWEST week in terms of volume probably for the year), I continue to WAIT for the double bottom or failed low BEFORE I even consider a swing trade idea. I continue to remind my followers that this is NOT a...
Bitcoin price action analysis, key levels, potential scenarios for coming week. Question about stock or alt? Ask in chat.
Bitcoin news takes everyone by surprise and breaks 28K support. My swing trade from 29,600 got stopped out at 28,300. While stop outs are never expected, they SAVE money in the long run. This is a very valuable lesson for short term traders who don't respect stops. My max exposure was 1300 points, while price went lower by 5K points. I can only imagine all those...
Bitcoin price action analysis, key levels, potential scenarios for coming week. Question about stock or alt? Ask in chat.
Bitcoin is in the process of establishing a higher low formation around the 29,300 area on the daily chart. Higher lows often lead to higher highs. In this seasonally slow time of the year, a major catalyst will have to come along in order to create enough momentum for a higher high to be realized. In this context, a reasonable level to expect for a higher high is...
How to use the search box tool for beginner traders and those new to the platform. In this session you will learn: how to access the search box, how to input symbols, how to search for symbols using relevant keywords, how to narrow your search using the asset categories and how to apply math functions.
Bitcoin price action analysis, key levels, potential scenarios for coming week. Question about stock or alt? Ask in chat.
Another buy signal will be in play upon the break of 29,200 (break above previous inside bar high), but without a catalyst, follow through is not likely. Over the previous week, I shared a swing trade long idea at 29,600 which is now in the red. I have not made any adjustments in an attempt to give this market a chance which still maintains a broader bullish...
Bitcoin price action analysis, key levels, potential scenarios for coming week. Question about stock or alt? Ask in chat.