lwils2169

lwils2169

We may be forming a small descending channel on BTCUSD, providing a good opportunity to short this security if we get a breakdown from this channel. Conversely, if we breakout of this channel with enough volume, this would trigger a long position.

lwils2169

We have just had a hard dump for BTCUSDT, but we new nearing a level of support. This is a nice entry point for a long position. I believe bitcoin will have a bounce here. We are bullish over all, and this correction is an opportunity to long at a discounted rate. Let's see how this plays out, I will update you guys in my next post.

lwils2169

Check out the linked post - I said that if we break out of this descending triangle I will be taking a long with the SL just within the triangle in case we get a breakout confirmation. Well, this is exactly what has happened, and now were are testing the 52k level. This is very bullish for Bitcoin, and I can definitely see Bitcoin reaching AT LEAST 100k by Q2 2022.

lwils2169

BTCUSD has formed a nice descending triangle, with breakout time within the next 27 hours. I would be favouring the bullish break to the upside here, with 70% likelihood, compared to the less likely outcome of a breakdown, which I am giving a 30% chance. The reason for this is because we have underlying bullish momentum now, and descending triangles are bullish in...

lwils2169

BTCUSD is breaking out right now after a bullish divergence. We have broken above the resistance of the descending channel - and my long is already up 8.8% (10x leverage)

lwils2169

BTCUSD is now at the top of this descending channel, hitting the target for my long position for this morning. I am now looking to go short here if we see a rejection with bearish momentum. However, if we get a strong break and close above this resistance level, you better believe I am going long again :)

lwils2169

In my last post I said it would be a good idea to place a long position if we see a bounce from this support line. Well, that is exactly what I did, and my position is already up 4.9k. I might sell half the position soon and add a trailing stop loss, just in case it does actually break the channel resistance.

lwils2169

BTCUSD has been channeling for the past 24 hours, and now we are seeing higher highs on the RSI and a slightly ascending level of support on the price chart. When (and if) we reach this support level again, if we get a volume supported bounce, this will be a good time to go long.

lwils2169

Check the linked post for proof - I noted that we had hit the support line in a descending channel, and that now would be a good time to go long if we got a bounce from that support. It turns out we did get that bounce, and now this long is already in significant profit. Congrats to my followers who took this trade with me :)

lwils2169

BTCUSD is at the bottom of a descending channel, and if we get some support here this could make an excellent entry point for a long. However, if we break and close below this support level, that would be a good signal to go short. However, I predict that the long potential is higher than the short potential, and taking a short here is riskier because it's betting...

lwils2169

BTCUSD has broken out of a w-pattern and is now retesting 50k. This is very positive for the bulls, and the bull cycle continuation as a whole. If we break 50k here today, I would be anticipating 55k within a week. Insofar as trade setups, we're a bit too late to long this breakout, so I am waiting for some consolidation into a more predictable pattern. I will...

lwils2169

BTCUSD has formed a double bottom around $46,530, a bullish sign that may see us retest 50k once more. I mentioned this support level in my last post, and it is a good idea to keep an eye on it - another successful bounce will be a good opportunity to go long. However, in the case that we break below this support, and close below it, I will personally be going...

lwils2169

We just saw a really strong bounce from the red support line, and I am anticipating that this will hold over the next 24 hours. However, if we do break down below it and close below, I would be personally entering a short position. For the long scenario, I would be waiting for a successful bounce again from this level, or a swing low followed by bullish momentum...

lwils2169

Check my last post for confirmation - I gave this a 70% chance to break to the upside, and now we have had a significant pump which would have made decent profits in a long on even relatively low leverage (2.5-3x).

lwils2169

BTCUSD has formed a strong descending channel, which I am giving a 70% chance to break to the upside. We're bullish on the larger time frames, and this is just a natural correction is what is the larger bull cycle continuation.

lwils2169

BTCUSD has rallied above 50k again for the first time since May 15. We broke above a volume supported consolidation range, and now BTCUSD is in a low-volume node, which should be faster to move through. 60k is not too far off in my opinion.

lwils2169

The green box I have drawn shows the main area of resistance for BTCUSD. It is currently in a high-volume node, as there is a large amount of volume in the current price range. This means we should expect this type of ranging market for a while.

lwils2169

BTCUSD has broken out of a well-established descending channel, and is now rallying towards 50k. The price pumped over 10%. I recently posted about the potential for this to happen. On leverage, this would have been a particularly profitable trade, and congrats to anyone who made it. Happy trading :))