westonnn

westonnn

Bearish div forming on 4h and Daily. One thing could spook the market and cause a sizable sell off. It's a matter of time at this point for a 5-10% correction

westonnn

Last Call was way too early, you know the saying. Sometimes wrong timing is good as a wrong trade. Should have waited for these confirmations to print. 1h: Bearish reversal candles printing nicely - Bearish Div - Still overbought - Sell Count - beyond both b bands 4h: Barring a shot back up to 11200 we have a bearish reversal candle (shooting star) here...

westonnn

-Amazing move to the upside, but bitcoin is looking exhausted up here and overextended. -CME Gap still possible to get filled. -Depending on the close of the 4h candle possibly have bearish div. -Overbought on every time frame. -Don't get caught holding bags here on swift profit taking. IE: Moves back in may 9.4k to 8.4k, 10k to 8k, and 10.4k to 9.1k. They...

westonnn

I will admit my last idea was way too early for a long position, but sometimes you have to be wrong. This time I'm highly confident in this position. Bitcoin is a creature of habit and I'll show you why. Long Entry: 865xx-87xx SL: 8580 TP: 95xx-97xx Past: If we take a look at the chart from the previous bottom and bounce at 8100, we can see a bottom followed...

westonnn Updated 

This is similar to the drop to 8k a few weeks ago. We subsequently pushed to 10k afterwards. Relatively low risk at these levels barring any unforseen news or traditional market crashes. Beyond oversold, selling will be exhausted soon. As 1h starts to turn, longer time frames will. If your long is underwater anywhere from 93xx-95xx. Hold on you might get a...

westonnn Updated 

Hi everyone, I'm back with another simple Idea. Scaling in my short entry around: 97xx-99xx PT: 91xx-92xx We failed to break the previous local highs on the daily and can't really make the push past 9900. I am fully expecting a retrace here to the mid to lower 9k's. Stop loss at 10150 and let her ride. Reasons: 1. We've hit sell counts on every hourly...

westonnn

The beauty of my trade set ups is that it works both ways. Long here PT: 92xx-93xx Reasons: 1. Vastly oversold 2. Bars trading beyond both bolli bands 3. Think this just a whale doing whatever they want and will return to 9k range 4. Look at move on May 15 2019 5. Halving FOMO This is not to be taken as fact and I am not an advisor. Good luck to all.

westonnn Updated 

Fairly similar set up to my Previous idea. Entering shorts with tight stops around 98xx-9900 PT: 94xx-95xx Reasons: 1. RSI: Double oversold top 2. Trading beyond both Bands on hourly 3. Sell counts showing up and we're a few candles beyond the sell count candle. Good luck out there. This is purely circumstantial and not to be taken as fact or trading advice.

westonnn Updated 

BTC is a creature of habit. When we run up like this it is followed shortly after by big selling pressure. Scale out of your longs comfortably here in the 94xx range and into shorts. Ideal short range 9450-9600. Here are the reasons I would trade this. 1. RSI on 4h is 93 ffs. I Don't even need to continue after this but I will. 2. The Candles are trading...

westonnn

Classic bull trap after such a sharp and drastic drop. Retesting lows in bound

westonnn Updated 

The circle is your buy zone coming into the halvening. Hammer it home folks.