ZorosonD

ZorosonD

On the daily time frame bitcoin is still in the consolidation range. The 10 21 and 50 moving averages are way above the 200. I'd like to see all four bunched tightly together before considering a long or short. If price action continues as it has then this could happen towards the end of March. On the 4hr time frame bitcoin has broken out of my descending...

ZorosonD

It's playing out slightly quicker than anticipated but it's going in the expected direction, minus the fakeout and chop. On the 45m tf I am looking for one more lower low to touch or break the falling wedge's support. There could be another fake break out and it could be a big one to trigger shorts before liquidating them with the reversal. I think a 104,000...

ZorosonD

On the 45m tf I see a choppy falling wedge. Beyond the chop, if price action can respect the emerging pattern then I would expect an upside measured move breakout towards 104,000 later in the week.

ZorosonD

Looking at the 4h, I anticipated at least ±10% on the breakout, which still might happen although it looks less likely as time passes. It made perfect sense to begin the week with liquidating the long positions. It would either have been the longs or the shorts - someone had to take the hit. I cautiously played both sides and benefitted from a short sell of...

ZorosonD

Weekend triangle pattern formed the 4hr. I expected a Monday breakout to the upside with price action triggering long positions then liquidating them on the way to the GETTEX:97K region. The reverse could also happen. Breakout to the downside, trigger shorts, then at LSE open on Monday, price reversal, liquidating shorts while rallying towards $112k. On the...

ZorosonD

Triangle pattern on the Daily. Clearer on the 4hr. A bit choppy on the 1hr, 45 and 15min as would be expected. Pretty much respects 0.236 and 0.785, and more recently 0.5 and 0.618 Fib levels. I’m expecting an early morning breakout to the upside at the start of the week with $109k in sight. Chances are, if enough retail think it’s breaking out to the upside,...