My2Sats

My2Sats

Bulls and Bears continue to battle here. Bulls were able to defend the $10,761 low we were watching yesterday, but only by $40 so not a ton of confidence there but they did hold. $11,500 appears to be some resistance area currently as bulls have now topped out a few times in the $11,400's. I am keeping an eye on this inverse head and shoulders that shaped up and...

My2Sats

Last few charts have been fairly similar so here is a weekend update! Personally had scaled into about 2/3 of my position couple of days ago and remain in that position. I got one more small fill overnight and have my last fill sitting around 10.5k. I have personally been waiting for the pullback down to 10.5-11k as stated last chart. We topped out at $12,064 on...

My2Sats

Yesterdays chart I discussed multiple things of interest to me. Mainly we were watching the slow grind of bulls setting lower highs and lower lows on 4 hour to slowly drag price lower. As I was typing up yesterdays chart was when the bulls were showing some life and trying to shift that 4 hour trend back into the bulls favor. I discussed the low of $9651 we set...

My2Sats

Sorry, been away a couple days but BTC not a ton of change other than I did get stopped out of my last trade. Last chart I was seeking to exit some of my position for small profits after entering based on EMA support. We got the bounce to allow me to scale out a small portion and just lower my cost basis and thus lower my stop loss to break even on the trade. That...

My2Sats

Wow. Well we finally got the pullback I've been patiently waiting for after exiting my last trade. Once again, I have no real interest in chasing a move and will patiently wait for lower risk entries on trades. I've been talking about that 12 EMA for a while now and how far ahead price action had gone. We finally got the bears involved yesterday and price came...

My2Sats

Bulls continue to remain in full control to this point. I'm putting up two charts here. Anyone who has followed me for a while knows I utilize the same two EMA's on virtually every chart I post. The 12 and 26 EMAs. These remain my main support and/or resistance EMAs and for good reason in my opinion. We have our 4 hour chart which continues to ride our 12 EMA for...

My2Sats

Wow. FOMO has returned here this past week or two! And BTC is crushing everything. Many alts have continued to struggle as BTC makes its bullish move upwards. A few alts are trying to keep pace but this BTC train is rolling! So yesterday I had posted I'd be watching for the BTC move and see how the 10k test went. Well it came and it went in the blink of an eye....

My2Sats

Impressive run by the bulls. A couple days ago we were watching to see if the bulls would lose their higher lows on daily they had been stringing together. Depending on your exchange this did or did not happen. Coinbase lost it by about $50. Binance had a double bottom to the penny, bitfinex lost it by $40, etc. So depending on where stops were placed below those...

My2Sats

Good morning! This setup reminds me of a few weeks ago in May where the bulls strung together quite a few green days in a row before a decent sell off. Bulls have been in full control since the break of resistance around $8050 last week that I initially got my stop buy triggered on. I have now scaled out of about 70% of my position to lock up profits and came...

My2Sats

Wow. Impressive move by the bulls here since we watched down around $8000 for resistance to clear and create the bull break out. Last night BTC reached just shy of $9400 for a solid 15%+ gain in a few days. I personally have now scaled out of about 30% of my BTC position and remainder is riding the higher lows off 4 hour chart as stop losses. Also keeping a watch...

My2Sats

Not a bunch to update. We got the break a few days ago we had been waiting for to allow for low risk entries into BTC. We were then looking for a bull flag or perhaps a re-test of 12 EMA to see if it could once again hold as support before giving continuation. We received the re-test to exactly our 12 EMA and bulls have taken us higher again today. Traders can now...

My2Sats

Well we finally got the resistances cleared. This mornings post I discussed bulls being so close last night and was leaning towards bulls finding that move today to clear through the previously resistances laid out. Bulls managed to do just that and we saw a nice 3.5% move in about 15 minutes this morning for bulls to clear through all the resistance. This allowed...

My2Sats

I thought BTC bulls were going to bust through last night and was watching in anticipation for a while but bears clung on and held resistance so far. We had the high of $8134 on the bounce a few days ago, a lower high of $8097 and last night another lower high of $8081. I was personally watching 15 min and hourly charts and bull volume came on strong and appeared...

My2Sats

Here we go yet again. We've been watching this range for a few days and expected a 12 EMA rejection due to it holding support for so long and that often becomes resistance. This is now multiple rejections from our 12 EMA on daily. Similar to last post however, the more times a support or resistance is tested, it will eventually cave. The bulls have held support...

My2Sats

Jumping off last chart we were watching to see if bulls could make their break up after they bought the dip down for a near double bottom at $7427 and then $7450. Bulls pushed up just above $8100 only to be rejected by the daily 12 EMA. As stated last chart, what was once strong support often then becomes resistance. Bulls are still doing well here as the...

My2Sats

Wow, what a crazy day. Earlier I was watching the inside bars to see if bears would get their bear break below $7570 and then eventually below $7427. They got the bear break below $7570 and on pretty good volume for price to drop $120 in about 10 minutes. This bottomed at $7450, so holding the low of this pullback by $23. Bears were unable to get any further...

My2Sats

Keeping a close watch for daily inside bar break. We had our initial break down to $7427 two days ago with high of that candle at $8105. Yesterday we saw an inside bar with high at $7933 and low at $7570. And again today we are on a daily inside bar. Bulls really want to hold $7570 or risk a daily inside bar bear break and crashing to lower lows on this pull back...

My2Sats

Last couple of charts we have been watching for the consolidation. We've had plenty of warning signs the bulls were running out of steam and bears were stepping in. We had our quick bull break to $9090 and then a strong bearish reversal in price action and heavy bearish volume. That was our first real red flag. The bulls barely clung on to 12 EMA support on daily...