bitdoctor

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...

04:51

bitdoctor

Hello everyone! As always I hope you're all having a great start to your week. Update on Silver in 5 minutes or less: Pattern is very similar to BTC where we've been seeing a series of LOWER HIGHs followed by LOWER LOWs, however there's a possibility that we're seeing the beginning of a trend change. We're not out of the woods. We really need to take out the...

05:05

bitdoctor

It's a great day! Quick update on our little friend NVDA. We fell below the KEY support level of $118 in late August, but we recently reclaimed that level yesterday. Now that we are here, we need to stay above that $118 level and with today being Friday, it's even more important that we stay above $118 at market close. Barring some resistance levels that still...

05:13

bitdoctor

Good morning nerds! Alright, quick 5 minute update on SPX. There's a motto for the update today and that is "We are not out of the woods yet!" We've seen a decent move the last two days off the 5400 test last Friday but even though it looks decent, a lot still needs to happen. We're still trading below the 21 day exponential moving average in a month that...

04:35

bitdoctor

Good morning everyone! Quick 4.5 minute update on Tesla! We're looking alright but in the short term, we'll need to see a move above our short term resistance at $233-$234 before we can see a move up into $240-$245. Very possible. NFP was just released today so make sure you take care for any intraday volatility, otherwise my view is Tesla is moving in a channel...

04:38

bitdoctor

Greetings! SPX is much clearer and more constructive than NASDAQ in my opinion. Keeping this short and sweet. Current bias is this drawdown is exactly what everyone expected and wanted. Currently leaning bullish for the time being while being hedged in the event NFP tomorrow causes a major market downturn. KEY level is below 5360, but I believe the more...

07:44

bitdoctor

Hello people of the world! Alright, apologies the video went a little longer than I would have liked, but ultimately what it boils down to is the fact that today was very choppy and volatile. Lots of day trading opportunities in both directions, but that certainly doesn't help the uninformed and novice traders. TWO LEVELS to pay attention to on these NQ...

06:40

bitdoctor

It's a great day! Quick update on SPX (however all prices quoted using ES futures levels). After the "great crash of 2024" at the beginning of August, we are now seeing the SPX index above the breakdown level which is a key point in determining where things go from here. From an ES level perspective, here's what I can see: KEY RESISTANCE: We have key resistance...

06:44

bitdoctor

Hey nerds! Alright, so here's the deal. In one of my previous updates, I discussed the 161.8% extension target which is the high probability target for a wave 3 and we hit it basically perfectly. Now that we've hit that target, mixed with channel resistance, I would have expected price action to pull back, which it did. The pullback target for wave 4 (at the...