Looks like we may be close to seeing some short term bullish action, but volume doesn't seem to agree with this statement. (Ignore Gann Fann if angles appear wrong) (Entertainment Only)
I may consider reentering if we get a solid bounce off the upper band of the KC.
As predicted this fast pump has occurred and I believe it is close to topping off at least for this rally around 1/1 of the uptrend Gann Fan. (For some reason the angles don't show up right on post) (Entertainment Only)
If you look at the yellow circle you'll see a support cluster at 3895 if broken we will likely retest the upbound of the channel, but if Bitcoin can't break this support cluster we will likely see a flash crash in the near future. So, how do I know we haven't bottomed? The Fidelity prerelease is the most bullish news we have had in almost a year and the market...
The main question is if BTC can carry this pulse burst forward to get an upswing, but my main position is bearish. This is partially because of the near-zero effect from recent very bullish news. I suspect the chart will fallow the Gann fan to a tee as it has been recently. Long term patterns are not significant on the short term and probally will not affect the...
A best fit ascending triangle and volume suggests that we will see some continuation; beware, trading this pattern carries a high risk of fakeouts wait for volume to confirm and set tight stops. (Entertainment Only) On a personal note, I have updated my current entry/exits and no trade zones.
Where's Waldo? (Entertainment Only)
Picture perfect. (Entertainment Only)
The real question is whether or not the price will be supported by the ascending support below. (Entertainment Only)
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We can see some disrespect for the upper bound KC here, but I am honestly unsure of how the next 24 hours will play out. In the end, I believe strongly we are going to touch 3500. On a personal note, it feels fantastic to have March made right in the beginning. I am definitely feeling a little light headed and I will probably be takin' a vacation to cool my jets...
I suspect we will hold here the current support for no more than a day. Great Night for trading, two, hopefully three, successful trades marked; love having my week made before it even starts.
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We are about to see the full force of the reversal that I speculated upon for weeks. The above symmetrical triangle will likely breakdown giving a great shorting opportunity. I will probably be using medium size.