Taiwan_Bear

Taiwan_Bear

First and all, please give a LIKE if you would like me to post more frequently. Bitcoin dropped beautifully as you can see from my last call (check link below). I mentioned that I was expecting BTC to drop to retest the $7050 area. Although Bitcoin didn’t quite drop to my target of $7050, I told you to take some profits of your short positions right before the...

Taiwan_Bear Updated 

This will be a short analysis. Most of my thought processes are already shown on the chart. (If you prefer analysis this way, leave a like and comment below) The long term buy between $6800 - $7300 is still in profits however there really needs to be a good consolidation and low volatility happening in order for me to call it's a bottom. In the short term, I...

Taiwan_Bear Updated 

It's been some time since my last idea. The buy between $6800 - $7300 I have been mentioning for months hit its mid-term target around $9500 within a few days after Bitcoin hit $7300. While many were still trying to figure out what news caused the surge, some of my positions were already exited with profits. The $7300 bottom in Oct is now taken out and it may...

Taiwan_Bear Updated 

This post is a just quick update on Bitcoin as I am travelling overseas in the next 4 weeks which means I will have limited access to internet during this time. I will try to give you update in my group only when necessary. You should all be aware by now that I don't give updates just for the sake of updates. On the weekly time frame, Bitcoin has found support...

Taiwan_Bear Updated 

What a dump yesterday! Not surprised at all since you all know that I have been waiting for my buy limit to hit between $6.8k - $7.3k (check link below). It took almost 3 months to complete but LOOK - PATIENCE ALWAYS PAYS OFF! The drop was awesome as we can buy with a discount! Now, let's assess what is going to happen next: $12000 was no doubt a weekly...

Taiwan_Bear

Few months passed by and Bitcoin is still consolidating between the ranges I mentioned. While many have been constantly updating their chart (triangle, downtrend channel, head and shoulders, you name it), all I said is - "Bitcoin is in consolidation, don’t guess the direction and don’t trade especially towards the end of consolidation. It’s better to find other...

Taiwan_Bear Updated 

The classic textbook resistance turned support zone that I mentioned at $9k ish has hold quite nicely for now. As you might already aware if you are in my group, I opened a position at $9750 a couple of weeks ago and was aiming for $11000 & $11900. Unfortunately the position was stopped out despite that the price did go in the direction I anticipated. Well,...

Taiwan_Bear

Nothing much has changed since my last post. The scalping buy I mentioned at $10030 was a good trade with small gain (Remember for scalping you use smaller position size). I have received a few messages in my channel and on TradingView about my thoughts of the current up movement. I thought maybe I should reiterate my thoughts from a broader perspective. From...

Taiwan_Bear Updated 

Last week when Bitcoin broke above the triangle you could see many traders were again calling it to $14k or even higher. They were so focused on the small timeframe while not seeing the market movement from a broader picture. I warned you in my channel specifically for this reason, to pay attention to the weekly timeframe as it was telling another story (chart...

Taiwan_Bear Updated 

Another great trade from a couple of days ago in which I published in my channel. We bought right at the bottom between $9,700 - $9,750 and sold half positions right at today’s top @ $12,000. If you have also made good profits don’t hesitate to show your love in the comments section below. Back on the 29th May I gave you the exact profit taking targets (Blue box...

Taiwan_Bear Updated 

Congratulations to all my followers who followed 2x of my intraday trading ideas which I posted in my public channel in the last couple of weeks. Both trades hit take profits with 2:1 risk reward ratio with one trade hit take profits right before today’s dump. Those ideas were simple yet effective. No fancy indicators, no volume analysis. All I did was defining...

Taiwan_Bear

After seeing hundreds of chart comparisons I decided to do one myself. My comparisons are simple price structures and trends. There are no counting of how many ups or downs, or how many percentages up or down, or the amount of time it took from one peak to the other. To me, none of that matters. You can try to find a chart on any stock market, indices, Forex and...

Taiwan_Bear

Many platforms/social media were inundated with the “double top” posts in the last week or so by gurus/professionals. As soon as I saw it I warned my followers both on TV and in my public channel not to consider it as a double top . Why? Because a Double top is NOT confirmed until the neckline is broken. Why does the neckline have to be broken? Because that’s...

Taiwan_Bear

It’s been a while since I showed you the 2618 trade setup. I am sure you all have read it thoroughly, made good profits from it, and have been waiting for me to show you another trade setup (I hope)? In this post, I am going to tell you one of my own trade setups, all for free, as part of my gratitude towards your support. This trade setup requires a wealth of...

Taiwan_Bear Updated 

In my latest updated idea, I mentioned Bitcoin could be at a short-term top due to structural resistance and 61.8% retracement at around $8400. Then I said the next move will determine whether Bitcoin is going to 9.5k or 7k. Well, I must say I am quite surprised as to how fast it went down to 7k. Some people thought I took profits too early @ $7340. I told you...

Taiwan_Bear Updated 

Wow!! Amazing profits since my last bitcoin update from 4 months ago. I was amazed by how accurate my last analysis on bitcoin was (Check link below). But I think it’s time to take most of my profits here. I have taken around 75% of profits at $5485 and I have decided to take another 20% now @ $7340. In terms of my positions on ETH which I have entered after the...

Taiwan_Bear Updated 

Hi guys, I am just giving you a quick analysis on LTC as many are still wondering why the rally stopped after breakout of inverted head and shoulders. The reason is simple - both weekly 200MA resistance & structure resistance are acting as significant resistance. If you have read my recent TAs on Bitcoin I have mentioned a couple of times that the weekly 200MA...

Taiwan_Bear Updated 

Happy New Year guys!! My apology for the late greetings as I have been sick (headache + coughing) since Boxing Day. Originally thought that I would recover without taking any kind of medicine but the sickness just wouldn’t stop. Ultimately I still went to see a doctor on the 2nd Jan and have been taking antibiotics and using nasal spray since. Definitely not a...