YurloTrades

YurloTrades Updated 

Hello traders, I've been monitoring bitcoin's chart ever since I came across the falling wedge and seems to be playing out so far. If you seen my previous post you'd know around $44,100 I posted the 1-5 setup eventually breaking to the upside of the falling wedge. 25x shorts get liquidated around $46,000. CME future's gap still open at $48,000 (my next short...

YurloTrades Updated 

Hello traders, Sell orders I’m looking to possibly get filled: 1) $45,850 2) $46,400 Sometimes when things look like they'll go back to your entry it's okay to take profits (or 90%) and look for an even better entry on the initial position taken. If we lose $45,830 I'll add to shorts, either way profits are profits. Never get greedy. 0 emotions. "Plan...

YurloTrades Updated 

Hello traders, $45,000 held on (for now) I closed my short around $44,900 and am have sell orders around $45,800.

YurloTrades

Hello traders, If you've ben following my last few posts I've been saying bitcoin was overdue for a correction/pullback of some sort and it's looking like shorts are starting to pile up. Whales are short and the charts show, ignore the noise and everything you see others saying because 90% are clouded by their own emotions and aren't realistic with anything. 4...

YurloTrades

Hello traders, The daily closed below support on the previous candle and had a massive rejection from just below the $47,000 level. $44,630 is the next support level below, which probably get a tiny bounce (maybe we just dump through it) but we've pumped from $29,000 - $46,830 and this is without any sort of major pullback. $46,300 is the current resistance...

YurloTrades Updated 

Bullish market structure broken (uptrend) Market structure area of interest ($41,444) Not financial advice.

YurloTrades

Hello traders, I've been watching price action closely and while yes it's possible we fill the CME gap around $48,000, you can't ignore the fact the uptrend which previously had 2 validation touches on the uptrend which had support breaking out of the downtrend from ATH's has failed and seems to be weak. The last few hourly candles have struggled to flip it back...

YurloTrades Updated 

However, if the bearish divergence doesn't play out and we proceed higher this is where I'd like to short. ($49,000) If we get a bearish daily close tomorrow I'll be shorting though. $49,000 is just a nice area for market structure because of that resistance level thats circled in red.

YurloTrades Updated 

Hello traders, I'm not currently in any trades as I'm waiting for things to settle. There's still a bearish divergence on the daily chart which hasn't played out yet at all. Bearish divergence: 1) higher high on PA 2) lower high on the momentum oscillator --------------------------------------------------- Yes my last few posts were wrong with the timing of...

YurloTrades

Good morning traders, Possible rising wedge forming and can breakdown at anytime. There's an 88% chance this will occur in terms of probabilities for this specific pattern. If this plays out and print a lower low / lower high it's likely we get a bloody Monday and retest the downtrend from ATHs that was breached over the weekend. Stay safe, and have a great...

YurloTrades Updated 

Hello traders, Many traders who use technical analysis hear phrases that suggest a "broken support level will become a future area of resistance" or that a "previous level of resistance will become a support." For beginner traders, phrases like this sound like they're spoken in another language, and even many experienced traders never fully understand or...

YurloTrades Updated 

Good afternoon traders, I've been waiting for all the euphoric traders to catch themselves slipping acting like "up only" and the bull market is back on and today we're currently down $2000 from the local top where we rejected the 200 day MA and also printed a bearish divergence (see momentum oscillator - stoch rsi for reference) Bearish divergence: 1) Price...

YurloTrades Updated 

Hello traders, "Plan your trade and trade your plan" Buying at $44,000 is the same as selling at $29,000 and how did that work out? This is a psychological casino designed to steal every penny you have, so why do the same thing as everyone else if 90% of traders lose? Imo, it's a very clear rising wedge and I'll readjust my lines until it plays out, I'm...

YurloTrades

Hello traders, Firstly, we had a rising wedge pattern which has slowly started playing out, this can take 24 hours to eventually fall. Secondly, I'm seeing a possible head & shoulders pattern slowly coming together. Confirmation if we get the right shoulder somewhere in the grey circle. Invalidation if $44,600 gets flipped into support. If we lose the...

YurloTrades

Good morning traders, A rising wedge has formed and confirmed a resolution to the downside. These patterns have an 88% chance of breaking down in terms of probabilities, which is the opposite of a falling wedge (which is bullish) Wedge's have always been my favourite pattern to trade because the hit rate is so high. Lots of trapped longs at the top now, lets...

YurloTrades

Hello traders, I'm getting ready to short this ponzi back downt to $34,888. As long as we're below $42,000 (a fake out should be expected) so a daily or weekly close below this level is validation) I'm looking for lower levels as bulls think we're headed to $50,000 from here and that would be way too easy. Crypto doesn't do easy, it does max pain and complicated.

YurloTrades

Good afternoon traders, The target I've been talking about for days has been hit and now I'm short. Support levels to look out for: 1) $39,800 2) $39,000 3) $38,555 4) $37,999 Anything below this will look bearish. Stay safe, last few trades went well. The key is being humble win or loss, stay moving forward no matter what. We trade the charts and don't...

YurloTrades

Good morning traders, I closed my short on the retest of the breakout's trend-line but was half asleep and just waking up so i didn't post it. Entry was $37.9k and closed already but we may be headed to $40,700 - $41,111 which if you've been following my last technical analysis you'd know was my target but then price was weak so shorted it back to retest the...