bitdoctor

06:41

bitdoctor

Everything is bleeding. The world is ending. Facts: 1. Many alts are still up significantly from their yearly lows. 2. Many alts had massive runs and you should have taken some profit. If you take into account principles in trading and technical analysis, you'll allow yourself to remove all the emotion and keep a steady eye on the bigger picture which is what I...

05:37

bitdoctor

Good morning friends! EVERYBODY is talking about RIPPLE. The dead discords are coming back to life! The army has come out of hibernation and are once again claiming they'll be rich again! Fact of the matter is, if you invested $100,000 in Ripple in January 2017, you probably still have $100,000 today. I use that timeframe because that's when the craze was...

05:10

bitdoctor

Greetings overleveraged friends! I have no reason to believe we've seen a major top on Bitcoin at this time. I've taken the two measurements from a previous video that created a 161.8% fibonacci extension box around 83.6 ~ 86k area and that was blasted through. Backtesting that would be just fine. I'd actually prefer it. Many have asked if I am short, well the...

05:00

bitdoctor

Greetings! I'll tell you that even though altcoins are doing great, I don't believe alt season has started. Certainly some alts have done very well. ADAUSDT has been one of the biggest winners, for exmaple, over the last 60 days, moving roughly 200% in a short period of time. SUIUSDT has done very well, too. Don't let that fool you. There's still more work that...

05:20

bitdoctor

It's a great day in the world and I hope you're having a great day as well. I'm looking at the potential for SPX to make a downward move going into next week as it has in prior years. I'm looking at a 5 wave structure down from the highs in early November followed by what currently appears to be a 3 wave structure up into where we currently are. If the...

04:59

bitdoctor

Quick update on NVDA going into earnings Video explains much, but from an upside perspective, I'm expecting resistance to hit at about $160 if we do get that gap up with an extended move to $168 possible. Beyond that would be a little unexpected. To the downside, I'm looking at the support at $132 and below that, $123 - all based on fibonacci confluence. There...

04:59

bitdoctor

Good morning everyone! A bit of a different video today - more of an educational video. This is how I use fibonacci when I do trading. Over the last couple days, Bitcoin has been a great asset to scalp. I don't leverage trade often, but when I do, I try and look for the high probability setups. Using the 61.8% internal retracement fibonacci (fib) level, you can...

05:20

bitdoctor

It's a great week out there in crypto land! Keeping it short and sweet today: **Market Structure Broken** - I've been saying for literally months that this lower low / lower high pattern will be broken. It has broken out to the upside. **50D SMA** - We've overtaken the 50D SMA that I've also been discussing for months. We broke out and retested it twice in...

05:23

bitdoctor

Warning - before you come attacking me full force - this is an alternate bearish scenario for AMD - not my primary scenario, but I noticed a few things that I must point out. 1. 2 5-wave structures - Between Oct 2022 and Mar 2024 we completed 2 structures that can be counted in 5 waves, but the resulting pullback from Mar 2024 to Aug 2024 came back a bit deeper...

04:34

bitdoctor Updated 

Good day traders! Alright. For BTCUSD I'm still seeing the same pattern, however things are starting to look a little more optimistic. The pattern that I've been discussing for weeks now is the series of lower highs and lower lows. Once we break this pattern, then we can start to talk about that move to ATH and ~$85k above ATH. We NEED to break FWB:65K and...

05:26

bitdoctor

Good morning! Sorry for the stuffy voice - a bit under the weather this morning. The name of the game today is trendlines, moving averages, and resistance levels. 1. Trend Lines - We've got a significant trendline that I've outlined in yellow on the chart. Great retest of that trendline just last week after TSLA earnings. Watch it in the future if price action...

05:06

bitdoctor

Greetings friends! Happy to see you after a few weeks hiatus. Here to do a quick 5 minute update on BTCUSD. Plain and simple, we're about to have a major break in structure as btc is coiling right below the major pivot from July 29th at ~$71,000 - if we break that high, the flood gates are likely to open and we could see a move up to ATH and if we break that, the...

05:01

bitdoctor

Good day to you all! BTCUSD has been consolidating in this same range for 8 months.... really irritating a lot of speculators out there. No need to fear, we're getting close to the completion of this consolidation and we'll have some resolution soon. What I actually expect that I didn't mention in this video is a little bit of a drop going into the US elections...

05:22

bitdoctor

Happy Day to all you traders out there! Alright, lets get down to business. Fact of the matter is, areas where price action previously found support likely will act as resistance in the future and vice versa. This is important for any trader out there that isn't interested in being an investor in a company and is only looking for short term upside. What we can...

05:26

bitdoctor

It's a great day! I hope you're all having a wonderful trading day! Quick update on BABA - in the video I discuss the Trend-Based Fibonacci Extension tool which is built right into Tradingview and how fibonacci tools are some of the ONLY forward looking projection indicators out there. Ichimoku Cloud is another (we'll save that complex beast for another...

05:23

bitdoctor

Greetings friends! Hope you're having a fantastic day. I want to give COIN a little love. We've been talking about important moving averages with BTC which are the 50/100/200 Day Simple Moving Averages (SMA). BTC was able to get above them, but COIN has not (yet?). BTC was also able to take out the prior significant bearish pivot (for COIN, that would be on...

05:17

bitdoctor

Great day to you all! Not a huge update but it's been a few days since I've talked about my friend BTC. In several prior updates, I discussed the importance of overtaking the 50D SMA (Simple Moving Average). Well, we've done it. The other thing I've discussed is probabilities and a break of the Lower High, Lower Low pattern we've seen since March 2024. Well,...

04:56

bitdoctor

Hello people of the world! Here's your update in 5 minutes or less on TSLA! It's going to be as simple as this: Close a daily above $235 and chances of the shorter term upside target being $265-$270 increase significantly. Right now, I don't see a trade that is worth the risk from a short term perspective. We really need to see a good break of this important...