The chart says it all. Just watch this...
Here's what I got. We broke down key support, got a nice bounce off the next key support, and have now been consolidating underneath key support for 24 hours.. That's bullish. That's all I have time for now but as you can see, if we break this red box we're at, I'd expect a large pop and if you didn't get in earlier, wait for the dip after the pop to buy in.
No time to do an analysis but short the red box, set stops above 8330, and let's make money. Short term scalp.
Well, BTC just dumped like a 14 ton T-Rex and we are right back at the key support of 8.4k. I suspect this was a stop run, so I have rebought here (stopped out in profit at 8550) with my stops below 8350. If we can't get some momentum here and fall sub 8350 I'll just let my stops hit and wait for another trade. However, as of now, I am sticking to the same target...
Here you have it. BTC looks to be headed to 8.9k-9.1k to shake all of crypto twitter and their bearishness (thanks for the funding on bitmex by the way, that was a nice little bonus. Depending on how it reacts at this level, I am looking to short, however may still long I will just have to see how price reacts to that zone. Happy Mother's Day, I'm sure the big...
No time for an analysis but here's what I'm currently expecting with profit taking targets of 8.9 and 9.1k and a stop moved up into profit with price. It's obviously not going to make a straight line there but over the next several days+. Breaking downwards out of this triangle significantly would invalidate that and I'd set stops sub 8.3k. At that point would...
So after taking a long and hard look at bitcoin and setting my ingrained and natural bullish bias aside, here is what I am looking at for bitcoin in the days ahead. We have a bearish divergence on the 3D chart (which of course isn't always right, the bullish divergence on the 4H a few days ago was perfect and yet wrong). It's just an indicator with confluence of...
Refer to my last post for a more in depth analysis. This is just showing how this is a key level and a place where we are likely to bounce. If we can't hold here 8.2 incoming.
Alright ladies and gents. We have been given the GIFT of 8.7k before the next leg up past 10k. I repeat, GIFT. Hidden bullish divergence as seen below. 5 weeks of uptrend in a row. Haven't had more than 1 green candle since 19k until this run. Simply put, if we don't bounce here, and hard, I'll chop my balls off. Hold me to it. Regardless if you're not in a...
As you can see, if we don't make a move up here, we will be looking at a bearish divergence on the 4hr rather with any bounce before 8.9-9k being good short opportunities. A bounce here at 9.3k is a must if we are going to maintain our bullish bias. Also, the green boxes represent key areas where we may bounce in the event that we don't bounce here.
This one goes hand in hand with my last post. Here the regular divergence on the hourly. The bottom is either set or we will get once more dip before making our next leg up past 10k.
I am expecting a bounce between here and 8.9k as stated a couple days ago. Perhaps have a small position here and add towards 8.8k with stops below 8.8k. That's my plan. Let's see what happens. On top of this, we have a nice regular divergence on smaller time frames in confluence with this level being strong support and the hidden bullish divergence on higher...
The 9.3k level was the first level of support and first place that bitcoin may bounce before the next leg up of this bull run. It's impossible to say without a doubt if this will hold or not, as I was hoping for a bounce rather than a continual retest of the support, however with the short term bullish divergences present in confluence with this level being a...
The chart says it all. Beautiful consolidation under a huge key resistance. Approaching our fifth touch of major support with higher lows after each. Expect a face melting pop.
Watch dis. 3.... 2..... 1....
Here's what I'm looking at. Bought in the green box and will cut longs below.