Hello All, I woke up this morning,grabbed some coffee and opened the charts (a blessed life indeed) and this fractal was the first thing that jumped out at me. If you don't make it to the bottom I will tell you now I am actually short from 7190 but if this idea begins to play out I will gladly flip long. I used to use patterns like this all the time to trade...
Current position- Long from 9685 In my last analysis I predicted we could be looking at a significant correction ahead, however after we have managed to hold inside the old trading range at 9650 I must admit I am feeling increasingly bullish . A daily close below 9650 would have me looking to short and target much lower. However, given that we are trading...
Be cautious here guys, rejecting off the range EQ is dangerous. The weekly swing failure pattern that is developing is equally as concerning. Combine the two and it is time to go to cash and wait. I am short from 10230. A weekly close above the EQ puts me all in again and ready to buy the dip. Until then I will hold my short. Good luck!
Hello! What a ride up it has been! If you aren’t already long and strong from down below it may be time to start looking for some good buy the dip entries. Here is one I think would be a solid play. Let me know what you think. Red Boar
Until we close a 4 hour candle above 9200 I am considering this a deviation. I am short targeting 8800 area. Good luck
Well, maybe. A buddy of mine over in discord pointed out the fractal nature of what went on with gold and what is going on with bitcoin. Granted they do not follow each other perfectly but the case can be made. IF we are breaking out here I see no reason Why we couldnt go parabolic as bitcoin has a history of just such behavior. The real question is, are we really...
I am expecting a test of 9.1-9.3 in the coming weeks. I am bullish for now, if we fall back into previosu range I will have to flip. I am going to use this as my base chart for the coming months. I hope to update both low time frame and high time frame perspectives all from here. Follow along and lets see if we can get anything right!
Trading isn't easy, that is for sure. Of course the setups all seem easy on paper but when it comes to putting your money on the line IRL there are many traps. This is why risk managment and not going "all in" is so important. You must survive to profit. P.S. Thank you to all my long time followers and interacters. You guys have seen me at my heights and at my...
Currently Long, watching closely for a 4 hour breakdown or breakout. Longing here is obviously countertrend as we are consolidating after larger impulse downwards. One last impulse downward to put in a final bottom in January would make sense historically. Will flip short if we break down locally. Best wishes into the new year.
Imo, zooming out to the daily the current bitcoin PA is a bit concerning. Although I am personally holding large bags from 10k where I bought agressivley I must accept that for now things remain in a neutral to downward posture. If Bitcoin can gain momentum above the uptrending purple S/R line my hopes will lift. I am bullish on bitcoin long term but current PA...
Technically speaking the USD monthly chart paints an extremely bullish picture. We have broken out of a falling wedge and retested previous resistance as support. Of course fundamentals like QE infinity could dampen this scenario but technically speaking the world’s reserve currency looks strong and proud ! The future is going to be driven by technology and the...
Scale in please, there has been cases where price dropped a further 10 percent before expansion occured. On the whole we are near bottom but I would price in a possibility of further 10 percent decline. Other than that load the ship.
All information is provided in the chart. Based on daily divergence since march 2017, assuming we are at the bottom now, the miniumum pump we should expect is back to 11k and the average pump would be to 20k from here. I won't discount the very real chance we dump to the mid 6k range which would slightly change our targets. Either way we are close to the bottom,...
A historic cross has taken place and currently bitcoin is perfectly dumping into the cross. The three day 200 EMA crossing over the three day 200 MA is an excellent historical indicator. When we couple this with a weekly oversold stochastic and bullish divergence on the daily chart I believe it is time to start buying. Placing bids from here to 6400 would be wise...
Here is a trade I am taking. Follow along if you wish. Red Boar
Well, the downtrend channel which has been tested on both sides numerous times has held us for now. This descending channel coupled with the 200 daily ma provided a great buying oppurtunity and an obvious bounce point. The question now becomes can bull fend off further attempts to breakdown price and instead hold the line and reverse us? If we can reverse in the...
Holding this area on a monthly basis is super important for bulls imo. If the bottom is not in or very close to being in we will have to begin to shift our bull bias to a bear bias. We have major support confluence in this area. Plz pray for the bulas. Red Boar
Will eth pull bitcoin up or will bitcoin drag ether down? For eth looks good for continuation !