TomProTrader

TomProTrader

Ethereum has been one of interest lately - Looking now for a nice trade which we can take when Bitcoin has a nice defining move - as Ethereum follow Bitcoin in turn. Eth is currently trading right up at the 50 moving average resistance, with some side-wards movement lately after hitting a bottom. There's not much bullish enthusiasm right this second but we're...

TomProTrader Updated 

Price nicely staying around the prescribed levels, and now it's time to figure out the levels where the trade can specifically be engaged. It's been a bit of a waiting game the last week or so, so it's good now that there's 2 levels that a long opportunity can be sought out. Bitcoin -0.41% has 2 levels to trade. They are: 1) Bitcoin -0.41% bounces off of the...

TomProTrader

XRP moving EXACTLY AS PREDICTED! I only say that because I know it's everybody's favourite line :-) Price is correcting nicely and fallen very nicely since the move began downwards. Price is in a limbo at the moment and the chances of it rising right now are quite low. Price needs to come lower first and blow the steam off of the bears. Really, this isn't a sign...

TomProTrader Updated 

Same thoughts as before, but upside possibility is increased now due to promising candlesticks. There's a few conditions to be met in order to fully confirm the up move. They are: 1) Bitcoin 0.77% must NOT close below 6560 again in order for the bullish breakout to stand. 2) Price must break above 6660 (If taking an aggressive stance), or 6749 (Conservative...

TomProTrader

Bitcoin, in spite of breaking out from the side-wards resistance, doesn't appear to have done so with much strength. The overall market sentiment seems to be weak. Yesterday price broke the side-wards resistance line. It initially started off with a HUGE green candle, which by candle closing, closed with a HUGE wick resulting in a shooting star signal, which...

TomProTrader Updated 

Yesterday I made a very clear analysis that contained 2 absolute FACTS. They are - If price is BELOW 6790, it is BEARISH territory. If it goes ABOVE 6790, we are in BULLISH territory. After reading peoples comments in my comment section lately, it is clear to me that people are not reading the text of the analysis, but rather, look at the arrow and make an...

TomProTrader Updated 

"You can lead a horse to water but you can't make it drink" - This analysis is what Bitcoin will almost certainly do. I am saying this as to warn the bulls in advance. Bitcoin is in a technical juncture. Price has been at the mercy of technicals which just keep getting the better of BTC at every turn. It recently found resistance on long term side-wards...

TomProTrader Updated 

For those of us who trade XRP, it has been an exciting couple of weeks to say the least. 18th September saw XRP take a huge upside move which was very good to see in a market that's seen nothing but downside for so long. Like any large up move of this scale, there is going to be a correction, and with corrections sometimes they take longer than others. When XRP...

TomProTrader Updated 

Bitcoin has been awful to trade for a while now and continues to consolidate. I've seen a lot of people posting bias analysis here because they can't figure out the current trend rationally, so I've posted my 2 cents here with a balanced analysis so that you don't lose money on the impending move. Bitcoin is trading smack bang on the side-wards resistance/support...

TomProTrader

Bitcoin seems to be lingering in a rather average range at the moment with not a lot going, but despite this we can (With a degree of accuracy) predict 2 possibilities for Bitcoin to move. Price is currently supporting above the 20 and 50 moving average, and looks like it could use them as support. The candles however, look weak. Price doesn't look very strong,...

TomProTrader Updated 

In my last analysis, I predicted XRP would have a nice breakout to the upside from a side-wards resistance line that I drew on the chart (See my related ideas links below for more details of this analysis) and since then, it's gone EXACTLY AS PLANNED! :-). Price broke out nicely, and the buy was exactly on the side-wards resistance turned support according to my...

TomProTrader Updated 

Yesterday I posted a bitcoin analysis where I expected BTC to take a quick tank to the downside from current levels, however price did indeed go to the side-wards resistance line and then later break down from there. Price did actually try and break the resistance line but stalled after breaking the line, creating a bull trap where the noobs got burned because...

TomProTrader Updated 

Made considerable profits over the last 2 days with Bitcoin and some altcoins, and my V.I.P members followed my signals and profited the same! Well done to you all :-) Bitcoin right now looks weak after a move down from the side-wards resistance line at 6830. Since breaking down, price has attempted a small recovery rally that in my opinion has ultimately failed....

TomProTrader Updated 

I have received many messages regarding what I think of ripple. So why did it take so long for me to post on ripple? Because I like to know what I am talking about before I speak. Ripple began a spectacular pump that begin on 18th September and continued until hitting a major high at 0.7860. Since then, price had a violent upside wick, which then made price have...

TomProTrader Updated 

In my last analysis I gave a "left or right" analysis where we would either break the side-wards resistance we was just at, or we would fall from this level. This is now "it's either up or down" move per se, it was me identifying the level where resistance was right now and that was a key level. Those who don't see the point in an "up or down" analysis obviously...

TomProTrader Updated 

Ethereum had a massive down turn. I mean, not only did it completely get decimated to the downside, but it even decoupled from Bitcoin for a short time and then went it's own path, which was down massively. Price is nicely above the 20 and 50 moving average at present and looks quite comfortable up there. Due to Ethereum decoupling from Bitcoin, even if bitcoin...

TomProTrader Updated 

Bitcoin is now trading right at the top of the side-wards resistance, and appears to be showing strength right at this level! 4 candles back there was an impressive pin bar candle which appears to completely decimate the bears and shows a genuine bullish buy back. I know someone will say "But tom that candle looks like a hanging man therefore you're an idiot",...

TomProTrader Updated 

Price is currently trading at 6700, which is right at the moving average converged resistance levels, and right up against a new side-wards resistance line that can be found on my chart. (For more information on the moving average converged resistance and the horizontal resistance in play, do see my related ideas link below for more information regarding this.)...