YurloTrades

YurloTrades

Hello trader, Below the grey rectangle box I'm a bear, above bullish. $52,000.

YurloTrades Updated 

Hello traders, Nothing has changed on the BTC daily timeframe, still inside the rising wedge until proven otherwise and these patterns have an 88% chance of breaking to the downside, plus the downtrend from ATH's still hasn't been retested after breaking out. I'll be posting updates from now on only on the 4 hour and daily timeframe as I'm wanting to stick to...

YurloTrades

Hello traders, $BTC update: 1) haven't retested the downtrend from ATH's. 2) possible head & shoulder's. 3) chasing green candles never ends well. 4) lower highs until proven otherwise. 5) 0.618 fibonacci (golden pocket) untapped. 6) bulls euphoric over a $2000+ pump. 7) rising wedge broke down. See you on Monday, stay safe. 👍

YurloTrades

Hello traders, Thought I'd post my current thoughts on the market and touch base with the tradingview community. Buyers failed to reclaim $45,000 and hold it and the daily timeframe is still looking nasty. MACD has flipped red for 2 consecutive days and wouldn't surprise me if we dump more before trying again for another push higher. I'm looking at $42,999...

YurloTrades

Hello traders, I'm short and looking to enter a scalp long around $42,999 as long as the reaction from this level is good. Stay safe.

YurloTrades Updated 

Hello traders, Fun fact: falling wedge's have an 88% chance of breaking to the upside in terms of probabilities. I'd rather not bet against those odds. Stay safe and see you tomorrow.

YurloTrades Updated 

Hello traders, Possible 1-5 wave count falling wedge if this plays out over the next several hours. if we do end up breaking up, my target would be $47,000. Stay safe and have a good night. Not financial advise.

YurloTrades

Hello trades, My last post was the daily timeframe, but here's a different perspective of the hourly timeframe which is also know as a lower timeframe. (ltf) If this hourly closes around $45,000 I'll be buying the next dip on low leverage, this is just a thought. Falling wedge's break to the upside most of the time with an 88% chance if this pattern plays out...

YurloTrades

Hello traders, Sorry for not posting yesterday. I was still trading and caught a nice long from $45,450 and closed it already and have shorted once again. Summary: 1) breaks downtrend from ATH’s causing a $7000 pump. 2) fills the future’s CME gap at $48,000. 3) forms a rising wedge. 4) retesting the rising wedge support is around $43,333. 5) retesting the...

YurloTrades Updated 

Good morning traders, After a nice $2000 dump I've secured some profits, and the hourly chart seems to have found support at $46,000 short term at least. Wouldn’t complain if BTC retested the top of the rising wedge around $49,000 so I can short higher up before we actually dump. It would be the 3rd validation point on the resistance upper trend-line, but just...

YurloTrades Updated 

Good morning traders, First of all, please do me a favour and smash the like button or leave a comment 👍 Second of all, bitcoin had printed a falling wedge pattern over the last 24 hours and confirmed a breakout to the upside (which has around an 88% chance of doing so) which is a very high probability. We rejected the previous high of $48,150 and I'm looking...

YurloTrades

Hello traders, We've confirmed a breakout out of the falling wedge & now I'm looking to long the dip on the retest of the falling wedge's trend-line which hypothetically speaking should act as support and get a nice bounce from there and likely head to $49,000+. The last hourly candle as you can see confirmed a bearish engulfing candle which usually results in...

YurloTrades Updated 

Good evening traders, Daily closed just happened, expecting further upside over the next 24 hours. I've got orders around $49,000 to fill my long & short simultaneously. Stay safe, and remember "plan your trade and trade your plan" 👍

YurloTrades Updated 

Hello traders, Rising wedge pattern formed on the 2 hour chart, these have the opposite resolution of a falling wedge which is bearish for this pattern. The falling wedge from $41,100 I've posted prior played out with the 1-5 wave count, so I'm going to do the same thing but reversed. Stay safe and have a great weekend, I'll post on Monday with an update. 👍

YurloTrades

Hello traders, I've predicted the 1-5 wave count from the $44,100 area breaking out of the falling wedge and everything went accordingly to plan and the 5th wave has now been completed. Future's CME gap at $48,000 has been filled and I'm expecting a violent move down next. 25x longs get liquidated around $44,900. 10x longs get liquidated around $42,222. Stay...

YurloTrades Updated 

Hello traders, Looking for a successful retest of $44,700 to retest the broken rising wedge before flying towards $46,000. May not happen, but ltf is overbought and usually the safest thing to do is long the retest, not the breakout. Stay safe.

YurloTrades Updated 

Hello traders, I'm working today but wanted to post this technical analysis incase it occurs. There's still an open future's CME gap around the $48,000 level. If we do break above this falling wedge, I'd expect something like this. Please note, it's possible we fall to my previous target of $41,444 however if this falling wedge confirms today/tomorrow at some...

YurloTrades

Hello traders, First of all, please do me a favour and get this technical analysis to 30+ likes to unlock tomorrow's TA post 👍 Second of all, we've broke above the rising wedge. If things continue to go as planned eventually we should end up retesting $46,000 (25x short liqs) and then $46,400. Looking for $48,000 to fill CME gap sooner or later. Goodnight.