TradingNomadic

TradingNomadic

Our New year target of 41,937 was hit! Im starting to take a look at the chart to eye a new entry for a short term swing. I DO NOT trade my core position in BTC, these trades are meant to capitalize on volatility only. Next target will be posted tonight once we have a little more information on where we stand at these levels. Short term i think we will find a...

TradingNomadic Updated 

I drew up this simple projection chart to help myself understand where we are in the holiday move for Bitcoin. Fibonacci retracements for the leveling, and some fancy art work to calm the soul :D I am however concerned we are forming a head and shoulders pattern here on the 15min chart, leading me to believe we may have a short term forcast to the 1, and the 78...

TradingNomadic

Updated the cart a little bit. Heres a quick look at where we have been and where we are projected! I will do a full analysis again shortly!

TradingNomadic

Refer to my 41,937 chart for full analysis

TradingNomadic

34562 looks like a nice support. 34090 under that as well 33675 would be what i consider the bottom of this idea. We are sitting at the lower end of this teal trading channel, still above the heartline. 35834 is our last high, and im looking for confirmation at 35,500 If we break above the teal channel on the way up, 38125 would be an area ill look for...

TradingNomadic

I think we are locking in our first target of 35456 as long as we dont break trend! Ill put up a full analysis as this plays out a little further!

TradingNomadic

Leave a ticker for a free analysis request!

TradingNomadic

Feel free to comment with a ticker, and ill check it out! - Rochester Traders

TradingNomadic

Doge analysis request, leave a ticker in the comments for a ticket request!

TradingNomadic

These are some of the levels ill be looking at for the holiday move we saw. We are currently trending on the pink. While we did fall below it, we regained it fairly fast. Id like to see trading resume above 31535, and continue above the pink trend 32476 would be the target after that, with 33246 being the top of the trade range. If we fall out of the pink...

TradingNomadic

These price points and targets are some key areas ill be watching in the coming few days based on the projections of this move, in correllation with longer trends based on a theory chart which gives insight into targets we may see should be break above that 35,5 handle into further upside. The bitcoin indicators are areas of multiple trend collisions which, if we...

TradingNomadic

This is how im looking at the approach, referencing my 41,973 charts. This is a shorter time frame to isolate the ideas further toward our first target

TradingNomadic

Refer to my 41,937 chart for the full theory on this trend projection analysis We will want to see continued trading inside the purple channel up into the 35456 price target. If we retrace id like to see support on the teal trend, while staying inside the purple channel I think 33099 would be a good stop loss, or one of the areas outlined on the chart. 31589...

TradingNomadic

Hit both targets to EXACTLY, looking for support above 32,00 for reentry, or back down near 29,556

TradingNomadic

This theory is based on trend projection and includes variables surrounding Bitcoin right now such as the halvening, liquidity, volume, and momentum. It IS just a theory and this chart should be used more for placing entrys and exits than actual expected performance. For this theory to be valid, all points need to be full filled and price movement will likely...

TradingNomadic

Id like to see us continue above 29,335 with support and then breach 29,557 as we follow the two teal trend lines into that area. If we fall below 29335 i will be watching the boldened teal trend below that for a bounce, which i would expect as we near the 29100 area. Curren stop loss at 28846 or 28024 for cushion. If we break above 29557 i will be watching...

TradingNomadic

It looks like we have found support above 21220 and inside the purple trend channel. Ive outlined our first support region just below that point and i think its important we stay above that if we are going to see any real continuation and sustainability with this move. On the upside im going to watch for a reversal at the top of the purple channel around the...

TradingNomadic

What do you think? Im think im leaning bullish again. The question is, how much upside will we see if we break above some of these key regions? I initially had a target of 20800-20650 range