tradermoth

tradermoth

Keep it plain, simple and minimize the noise! On this chart I am showing you the timeframes of events that occurred in the previous bear market. Now, this chart will of course only make sense if we follow the same trend of the previous bear market of course, although I think its great to keep an eye on just in case we do! Important to ignore your favourite...

tradermoth

Keep it plain, simple and minimize the noise! Here we have a bear flag on the 1hr timeframe with no real support. We broke out to the downside, now I am waiting for a bearish retest to confirm lower prices. I expect some buying pressure from the bulls around 28-29k, but after they lose and 28k breaks I'll be shorting note: 27.5k, 26.2, 23.3 aren't real...

tradermoth

Keep it plain, simple and minimize the noise! We nailed our last few trades! :) Sorry for the phone upload, but here we see the bull flag we were watching has turned into a descending broadening wedge (bullish pattern). If we get our confirmations, my target is around 33-34k. Also not surprised if we just nuke straight through this, as the market is clearly...

tradermoth

Keep it plain, simple and minimize the noise! We nailed our last few trades! :) Sorry for the phone upload, but here we have an inverse head and shoulder retesting the neckline with a bull flag (continuation pattern). If we get our confirmations, my target is around 33k. Also not surprised if we just nuke straight through this, as the market is clearly...

tradermoth

Keep it plain, simple and minimize the noise! Here we see a gigantic ascending triangle, with the bottom acting as a strong support since 2020. Vice-versa with the top of the triangle acting as a strong resistance. We have now officially broken the support. The top of the triangle is now acting as support with the bottom now resistance. If we stay in the...

tradermoth

Keep it plain, simple and minimize the noise! Here we have a bear flag, or what some people where viewing as an "Ascending Triangle". It doesn't matter which pattern it really was, as all patterns have the probability to go both ways. We broke out to the downside, now I am waiting for a bearish retest to confirm lower prices. The reason I am waiting for a...

tradermoth

Keep it plain, simple and minimize the noise! Here we see a bull flag on the Bitcoin daily, on the inverted scale. Inverting the chart is great to really bring things into perspective sometimes and see what your missing. This pattern is a bullish pattern , however every single pattern has the probability of going both ways. Since breaking this pennant to the...

tradermoth

longed 43,500, targeting 44,800, taking profits at 44,600, stop-loss at 42,800 bull hammer, followed by morning star on 1hr timeframe morning stars are bearish > bullish trend reversals however I expect it to hit the band at around 44,800 and either come back down or go sideways for abit this is a small risk trade for me, where If I get stopped out I don't care...

tradermoth

Keep it plain, simple and minimize the noise! Here we see a bull pennant on the Bitcoin daily, on the inverted scale. Inverting the chart is great to really bring things into perspective sometimes and see what your missing. This pattern is a bullish pattern, however every single pattern has the probability of going both ways. Since breaking this pennant to the...

tradermoth

Keep it plain, simple and minimize the noise! Inverse head an shoulders forming on the BTC 1hr timeframe, this is a bullish pattern. This may give a big enough of a push to crack through that 42k resistance. Will be interesting to see what happens if it cracks the 42k resistance... will we fake out or continue to 45k? Only time will tell! There is also a...

tradermoth

Keep it plain, simple and minimize the noise! Head an shoulders forming on the BTC 1hr timeframe, this is a bearish pattern. If pattern is successful, ill be ready to short and take my first profits around $39.5k. With any trade, ALWAYS be patient wait for confirmations to avoid any fake-outs. I also have a short term bullish idea that I will post directly...

tradermoth

Keep it plain, simple and minimize the noise! Clear double top pattern on BTC playing out. First target around 40k, 2nd target 39k. Notice how the pumps are getting weaker and weaker 👀 Now is not a time to get caught up with what your favourite influencer is saying and is more of a time to stay safe and aware. At the moment - the market is sideways, choppy...

tradermoth

Keep it plain, simple and minimize the noise! Here we see a bull pennant on the Bitcoin daily, only problem is that this is an inverted chart... Inverting the chart is great to really bring things into perspective sometimes and see what your missing. If this confirms, it could have the potential to break the neckline on the massive inverse head and shoulders we...

tradermoth

Keep it plain, simple and minimize the noise! Here we see on the inverted Bitcoin chart, a very large inverse head & shoulders pattern formed that started in August 2021. If this inverse head & shoulders plays out, expect huge dumps - have marked rough levels of support. BEST case scenario for the bulls is if we completely reject the neckline and shoot for the...

tradermoth

Keep it plain, simple and minimize the noise! Currently on the chart we see Bitcoin retesting the previous broadening wedge. If a bullish retest confirms, we will be placing longs and taking profit between the 43k & 44k area. Failing to hold here will result in a loss of support, which then we will be watching for a bearish retest confirmation to place shorts...

tradermoth

Keep it plain, simple and minimize the noise! Here we see a large ascending triangle pattern forming with the probability of a 77% chance of breaking to the upside and a 23% chance of breaking to the downside. Daily MACD about to cross green, while the RSI is showing an ascending triangle or you can also view it as an inverse head and shoulders - they are both...