fxtraderanthony

fxtraderanthony

This set-up is fairly probable if #Bitcoin manages to push through to this next resistance level. I've layered in shorts all the way up. Other possibilities are A) $BTC goes on a ridiculous parabolic bull run and everyone on twitter and youtube start screaming moon and lambo (if not already) or B) price action doesn't quite pick up steam and drops off here. See...

fxtraderanthony

Here we are again, #Bitcoin at a critical level testing resistance. Do we consolidate a little and dump or do we break resistance to the upside.. there's an argument for both bulls and bears as always. My sense is this is leaning toward a possible short opportunity, although we really dont know yet. Its a waiting game, watching to see how volume and price action...

fxtraderanthony

Here's my market analysis for $BTC at this moment.. in a nutshell: price consolidating, testing some resistance, I'm anticipating a little more consolidation. 2 possibilities... maybe a move to upside before dropping or just a dip from where it is right now. Signals are not strong enough for me to enter a short right here, and if it does happen to drop from here...

fxtraderanthony Updated 

$BTC I've decided to layer in some shorts on this red candle here and see where it takes me.

fxtraderanthony

$BTC still consolidating. Im expecting #Bitcoin to either drop from where it is or even spike to the .5 or .618 fib levels before another move to the downside. The market is dominated by bears with price action consistently making lower highs (since December) as we can see clearly on the 1d. Each leg up has been a struggle and getting weaker as time goes on....

fxtraderanthony

$BTC consolidating and could go either way. If we get a break to the up-side I'll be considering layering in shorts from $6800 to $7000. If it breaks to the downside I'll try to catch it also. Just sitting back watching and waiting for now.

fxtraderanthony Updated 

$BTC 4H I entered a long position based on some bullish momentum in the indicators and the squeeze forming. Target around $6500 - $6600 with stop loss under the .786 fib in case It decides to head south. Let me know if you want to try out the indicators for a few days.

fxtraderanthony Updated 

$BNB #Binance showing some interesting signs of upward momentum. I like the squeeze, oscillator signal lines all crossing up and price action shifting from oversold zones. Its the squeeze that has my attention. If this follows organic price movement I have no doubt theres more to the upside. HOWEVER MM's and their trading bots have a habit of interrupting the...

fxtraderanthony Updated 

This $ETC squeeze is interesting, all indicators pointing north, we have green volume, green Heikin Ashi candles, if this was purely organic price movement I wouldn't hesitate. BUT we do have some stiff competition with bots and MM's in the space making as much money from retail traders as possible. In any case I entered a long position here with stop loss in...

fxtraderanthony

Taking a long position $BNB based on price testing this major support level , all indicators on both 1D and 4H oversold, red volume drop off, heikin ashi doji . As we know however, the market moves in mysterious ways and even though indicators give us good signals, there's always the possibility that the market moves against us. Setting stop losses as I prefer to...

fxtraderanthony Updated 

$BNB is one of my favorite #Alts for playing support and resistance levels. See my short video covering the reasoning behind my entry: youtu.be in a nutshell, market overbought, green volume picking up, tested major resistance level, bottoms alerts indicator drop off, potential for a nice little impulse leg here. Worst case for me right now is zero loss and the...

fxtraderanthony

Basic Attention Token is one of my favorite alts of late. It has held up nicely while $BTC and other Alts have tanked. I've uploaded a short video on my reasoning for taking up a long position here, check it out: youtu.be I will admit, this is a risky trade so please don't copy my call here. This could go in either direction at any time. There's no real trend and...

fxtraderanthony

Im back in $BTC (tentatively) with a long position tonight based on the divergence, green candles, and bottoms indicator. Stop loss in place under support. I think the divergence speaks to me more than anything. This can go either way though, and its a risky trade. I'm prepared for Bitcoin to turn around and head south but willing to layer some buys in now and if...

fxtraderanthony

Bitcoin testing .618 and .7 fib levels 1D, I see potential for price to break below the red kumo cloud and we have a descending triangle that doesn't give me a lot of confidence in a another leg up at this point. My 60%/40% slightly bullish sentiment has now shifted to 50/50, and even perhaps more on the bearish side. Im trying to shake off all the news, youtube...

fxtraderanthony

$ETC Ethereum-Classic has had a nice impulse leg up. It's stalling at resistance and I'm expecting a retrace before another move. I'm bullish overall, but always cautious of set ups to liquidate retail traders as usual. Price playing out in overbought zones, some green volume which has backed off a little. This could go either way, my sense is 60%/40% favoring...

fxtraderanthony

Could this be the start of $BTC Elliott Wave 5 move up? We are testing a critical support zone here on the .618 fib. We need price to remain above this level for the EW to maintain integrity. Oscillators are showing overbought, and there are signs of life. If we bounce here, it will instill confidence obviously, however if we break this level down to the .786 fib,...

fxtraderanthony

Made a re-adjustment to my EW to work with the Heikin Ashi 1D candles.. assuming green candles the impulse waves and red candles the corrective waves makes sense. In this scenario wave 4 is testing the .5 fib level and there's a good chance it will test the .618 given the red volume and oscillators heading south. We either bounce for wave 5 between (.5 or .618)...

fxtraderanthony

I decided to exit my position $BNB / $USDT based on the oscillators showing a bearish divergence, market overbought, price testing resistance, volume drop etc. It may deceive me and go higher, and if it does Im good as I've had a pretty good run with this last move at 9%. Chart says it all really. Also, check out my video on the tops and bottoms indicators I'm...