TheChartGuys

TheChartGuys Nov 6, 2019

BTC Bulls breaking from the 4H equilibrium bullish last night though not significant follow through at this point. As long as we keep the 4H uptrend the bulls keep control and set sights to the recent high 9,600. What is most notable during the last few days are the daily trend changes for ETHBTC and LTCBTC as those coins and other alts continue to gain ground...

TheChartGuys Nov 4, 2019

After a lack of follow through setting our daily higher low, we have seen both bulls and bears unable to gain a clear edge in the short term this past weekend. There are likely now a lot of bull stops under $9,000 and a lot of break stops over $9,433. We are waiting for a volume and volatility spike in the short term, which was missing for the bulls over the...

TheChartGuys Nov 1, 2019

Not much to update on the BTC front from yesterday, another potential 4 hour equilibrium as the bulls still look for the daily higher low to be found. Currently setting up as the possibility of a daily inside bar forming. If we get a bear break, the bulls will have to buy the dip quickly to not lose daily EMA12 support. With a bull break we will set targets for a...

TheChartGuys Oct 30, 2019

After a V-shaped recovery bounce yesterday, we saw no follow through from bulls and just slowly faded back to the low of consolidation. Congrats to those not acting on FOMO, as even the top of the bounce was just a 4H lower high vs. $9,575. We are still waiting for a daily higher low to be set, and we will not be confident in it until we see a 4H trend change back...

TheChartGuys Oct 29, 2019

Nice to see the most likely anticipated price action after the breakout taking place, as we patiently wait for the break which may take another day to come. I do not use the 6H chart often, but when a pattern is more long and drawn out than anticipated, I prefer the condensed version for clarity. We will be looking for a lower high to be set today, and bulls are...

TheChartGuys Oct 28, 2019

BTC 4 hour equilibrium as anticipated since our top was set at $10,540. We will be looking for a break later today. With a bull break we will be headed back to recent high and with a bear break we will be looking at daily consolidation needing to find a higher low. Currently the bulls are trying to hold EMA12 support for the 4H higher low, but we have not seen...

TheChartGuys Oct 25, 2019

Bounce finally getting some follow through, but straight into 4H EMA 12 resistance. If we see this 4H trend change get no follow through, we will be looking for a bear flag on the daily. If we get over EMA resistance, we zoom out and look for a daily lower high and watch daily EMA resistance. Currently still riding my 1 fill from $7,311 and will look to sell a...

TheChartGuys Oct 23, 2019

BTC continues to be in control of the bears with a daily lower high now set and a move back towards our recent daily lows. The weekly bear flag still remains the most likely scenario. Volatility and volume are dropping off in the space as traders go elsewhere for opportunity. BTC has a 7% Range the Last 8 Days. Just yesterday NFLX the stock had half of this...

TheChartGuys Oct 22, 2019

Little to update from yesterday! Over the next day or two this is the range to have eyes on for BTC. As long as we are within it, sideways action and lack of correlation to alt coins will be occurring. Still lots to prove on the daily chart for bulls, and ranges like this only extend how long we can see the daily sideways range continue. Crypto trades should...

TheChartGuys Oct 21, 2019

After a sleepy week of trading the bulls showed up yesterday to defend support and keep a fighting chance to try and negate the weekly bear flag. At this point the consolidation from this short term move is very healthy. That being said the bulls still have lots of proving to do. I still consider anything under $8,469 as a daily lower high, keeping the bears in...

TheChartGuys Oct 18, 2019

After cooling off shorter term (4H) RSI levels, we have seen another leg down on BTC as we approach key $7,700 support, and get closer to confirming the weekly bear flag. Even the alt coins who have been holding up much better are starting to see some signs of the bulls losing their grip. From here I will continue to patiently wait, as I have been for over a...

TheChartGuys Oct 16, 2019

BTC Bears still keeping control, though the bulls are attempting to hold low of yesterday with a 4 hour higher low this morning. A lot of follow through will be needed from bulls to mean anything, but they are not rolling over and giving up in this range just yet. We may trade within this range for the rest of the week so ensure you are able to be patient and...

TheChartGuys Oct 15, 2019

I figured today is a good day to point out all the detail as to why I am not bullish BTC right now. Could we see continuation and a higher high to $9,000s? Absolutely, but in my opinion it is not worth the risk/reward for me to be in a bullish position right now. First factor is the longer term time frame. We are looking for weekly lower highs on the vast...

TheChartGuys Oct 14, 2019

Solid bounces all around after the dump yesterday broke to lower lows on BTC. Note most altcoins held their 4H supports to keep their daily higher lows intact. XRP bulls even saw a full recovery and breakout, leading to daily higher highs like those already seen on BNB. Watching BTC for a 4 hour equilibrium to form today if a lower high is set. At this point...

TheChartGuys Oct 11, 2019

A little climax fake out, as the bears waited for one more push before going on attack. Temporary tops are set on many names as we now look for a bounce on the hourly to give us a lower high. We are also looking for daily higher lows to form at this point. Personally back to all cash from the ETH trade over the last couple days. Aside from some oversold bounce...

TheChartGuys Updated  Oct 9, 2019

Bitcoin remains within its tightening daily range after forming a 4 hour higher low last night. Alt coins continue to run with LINK, ZRX, BNB seeing solid pumps overnight last night. I have initiated a position in ETH this morning with a stop under the 4 hour higher low in the $177s. ETHBTC has seen a bull break over daily resistance, and any bull moves on BTC...

TheChartGuys Oct 8, 2019

This is the daily chart view, but it is important to zoom in and note the 4 hour time frame is still very healthy consolidation still giving the bulls a chance to break resistance. If the 4H uptrend is lost without breaking the top $8,535, we will be looking for the daily range to remain tight through the week. If alt coins like XRP and EOS that have seen a...

TheChartGuys Oct 7, 2019

BTC support held at the lows yesterday keeping the base of support at $7,700 alive at least to start the week. The bulls still have not done much to go on offense, with lots of 4 hour overhead resistance and EMA daily resistances looming, but they will live to fight another day. The play for the bulls was bottom fishing the lows but personally I still have bids...