cryptoshort

cryptoshort

You can follow my TradingView analysis on bitcoin along with trades on here: Crypto Short YouTube Channel TradingView Charts TradingView Analysis

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Yesterday's close was higher than the Fib0.618=6464 retracement level indicating that the recent sell-off (5H - 4 Blk Cows + Downside Gap three methods) could be a correction which is also supported by PVT hidden bullish divergence on 1D that I can't weight much since the drop was abrupt (noise). The immediate resistance zone 6600-6800 is as strong as the 6K is...

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Monthly closes above EMA10/EMA12 i.e. 1Yr average, which is a good sign as it also stays flat since early April showing a consolidating rectangle. At present BTC touched Fib0.382=7480 with the strong support zone 7200-6800. If this fib level hodls, 4th corrective wave will be done. Since 1D has entered a neutral zone, it shall consolidate with a reducing volume...

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Dear all, I think I have a good idea to share for LONGS ONLY, this is unfortunate though. But I consider a long here a tough call than a short. Thus, I am sharing this! Prepare your HEIKIN ASHI chart like this. invst.ly do you see? This is a noise free chart showing a beautiful oversold condition. We strictly trade on the daily time-frame and target any price...

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Here comes a series of trades along with trading ideas and targets Today's +500 rise within an hour is the first indication of buyer's interest near 6k. However, it failed to break the swing high=6358 & was rejected near 6259. If today's close is around 6,167.4, it will form a solid dragon-fly doji alert suggesting a balance between the supply/demand and is...

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BTC is going through nearly the same situation as it was in early April. Fear and uncertainty have been dominating over the past couple of weeks. However, it is evident that it is trading within a broad channel defined by MA(365-200) on daily. Furthermore, it is not behaving the same it was in 2014/15 cycle. It is much different and has developed a triangle...

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Finally after deep-corrections, we are in a position similar to early April. The entire May went red. Now we expect June to be green. The current BB is very tight and ready to explode. I am bullish and expecting a test of 7800-8200 critical zone. if that zone breaksout with a strong candle, I will anticipate a test of 10k and most likely a new lower high higher...

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Here is my favorite RSI cross that I use on daily & weekly charts to decide a trade along with other indicators. Take a look at the chart closely and ignore moving averages for the time being. Look at the total strength, decline in trading volume without actually looking at the volume chart, and a decline in trend strength / volatility. Fast RSI (Bi-weekly) is...

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Here is my view using Weekly Chart Analysis based on Fibonacci extension along time and price. Have a look for detailed comments on the chart. A solid point to remember now is that we never fully re-traced early Feb 2018 low i.e. 6000. So, Elliott wave is still valid. ---- Comment ---- A possible bullish sketch on WEEKLY Chart - Perhaps we are seeing 9k for the...

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Here is a general look of BTC after healthy corrections in early 2018. Several important points: BTC is currently trading near Fib0.618 and was previously bottomed (Provisinally) near 6000 (Fib0.786). In Q4 2017, BTC and ADL (Accumulation Distribution Line) were following the same up-trend. Since the price divergence (end Dec / Early Jan), ADL kept on...

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Here is another short look similar to April 12 that I posted earlier. We are in another tight BB with a low volume nearly 11K. I expect the price to blow out soon - roughly in couple of days.

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This is how I see BTC. Its channel is up and the broader & general support line so far is 1Y MA. The channel is defined by MA200d and MA365d as illustrated above. If the price re-tests MA50, which is presently near 8269 & it holds, it will rebound and continue its upward journey towards 11k to 15k (max) in coming months. The failure to hold this level will give...

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Here is a text book example of Bitcoin during the recent bull run post printing a higher low. When everyone was bearish and expecting 4k, BTC surprised us with a bull run that shows a neat Elliot-wave example. If the wave-5 again dies prematurely like in Feb, we will see the continuation of deep corrections. However, if the wave-5 continues towards 9k, we will...

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While BTC trading within a tight range 6600-7100 formed a narrow Bollinger Band (BB) and approaches the next Fibonacci Time Extension / Swing Zone 13, which is normally a major swing. Many people are expecting Apr-May to be a bull run. In general, the development of Lower Highs is interpreted as a bearish momentum or at least its continuation. Nevertheless, some...

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Following my last post & keeping the short position (TP-7500) on, I am also looking forward to a breakout of Gann 2/1 resistance. Technically, 4H STOCHRSI is going up & entering overbought conditions. However, the MACD signal is getting positive. Overall, bearish pressure is high. Only a fresh meat can break the resistance significantly up to 8400 so that we aim...

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Here is an example chart to showcase the application of Gann Fan in case of bitcoin. You can clearly see how does it help you in recognizing the bear & bull markets. I have traded these positions & still trading (longs/shorts)!

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I opened my trade back in March 18-19, 2018 & didn't post here. However, I did on the other side. The current trend might be seen as a continuation of 1D/1W channel down i.e. bearish. However, I see it different & much similar to early Feb bull run. Here is a snippet of my opened trades... BTC/USD 19-03-2018 08:42 TRADES: Recalling the interpretation of this...

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Bitcoin -9.47% breaks through the major support line annotated previously threatening to change the momentum. Should every dip should lead to zero-valued BTC -9.47% , is a major question to ask ourselves. Here is my view also annotated on my blog. IMPORTANT: There are two schools of thought, (1) Falling wedge since Dec 17, 2017, is continuing till today, (2) The...