WaisTrades

WaisTrades

So watching the charts over the past week, the price action felt very familiar like it has happened before. I'm a big believer in fractal patterns and looking between early June thru mid July, the movements are uncannily similar. The MACD and even the RSI looks alike! Aside from fractals, the price action has been indecisive over the past week. We did see a nice...

WaisTrades

Hey Everyone, Quick analysis of Bitcoin on the Daily. We can see here on the overall move, BTC has either formed a triple bottom (Bullish) or a descending triangle (Bearish). On the short term, prices have been moving in a good steady uptrend which leads to our approach of the (Dashed Red) downtrend line. Here is where things could get interesting. At this is...

WaisTrades Updated 

Off my previous analysis where bitcoin breaks out of the falling wedge, we did see price break out the downtrend channel. But looking at the volume, it shows very weak signs and it could be overcome by bears easily back into the channel. Some good signs show as prices bounce above the falling wedge as support, but we need to see some interest in volume soon for a...

WaisTrades Updated 

Bitcoin forms a falling wedge and as bearish downtrend weakens. Not a clear divergence out of the overall trend yet but bullish signals show on the short term. Hopefully we can see a breakout tonight of the falling wedge or we will pull back down to $5800 for a bigger rally. $58xx shows a significant price point for support so if we do come back down, we can...

WaisTrades Updated 

Is this the final bear run before the big bull rally? There is a possibility we may have found bottom yesterday and support was found @ 6000. Crash pattern looks awfully similar once again to my July's repeating fractal post which indeed followed into a bull run leading up to $8500. Will history repeat itself again? Well just see. Set up your trades on the...

WaisTrades

Been taking nice profits by watching closely to the RSI and downtrend channel. Anytime the RSI was oversold/overbought on the 15 minute chart I closed out my position and bought the opposite. I am not a financial advisor and trading with this pattern may expose you to high risk to volatility. Please trade with caution.

WaisTrades

Looking again at the repeating fractal and opening up the RSI further indicates me there is another big push on the way. Left chart shows Aprils push to $10k and RSI movements closely resembles our recent jumps on 7/16 (6200to7300) and 7/23 (7700to8300)

WaisTrades

Bitcoin currently trading nicely in a symmetrical triangle pattern. Also taking nice gains bouncing off the top and bottoms of the inner triangle. If pattern plays out we should see a break out from this pattern to $9000 as momentum is still bullish. Bullish symmetrical patterns usually plays out bullish but could also break down. There is 25% chance of retest of...

WaisTrades

After yesterdays spike followed by today's pullback, we now start looking for where the current trend is going. BTC breaking out of our uptrend channel shows clear signs of bullish movement. Where the bottom of the pullback is is yet to be determined but we should be watching the upper trend channel for support and areas to buy.

WaisTrades Updated 

Target $7800

WaisTrades

Break out to 7800?

WaisTrades

BTC making moves today and we can take a nice little profit shorting it as it falls below neckline. I am overall bullish bitcoin but the I take opportunity trade whichever direction it moves. Please take a look at my repeating fractal idea to see where bitcoin will go in the coming week.

WaisTrades

Bitcoin currently show patterns of previous fractals that moved price from $6500 to $10000.

WaisTrades Updated 

BTC falls to previous support zone. Upwards trend channel still intact.