Traders, I must warn my followers of the resistance level that Bitcoin is now up against. Bitcoin has been shocking the world with price action these last several months and now would seem to be fairly over-extended. Additionally, Bitcoin has a serious resistance level that it must move through if it wants to move higher. I am normally not an overly dogmatic...
Trading is slower recently with less than usual decent trade setups. But this looks like a good setup. With VRVP supporting current price with high volume and this coinciding with the bottom of a larger up-trending channel entry here is nearly as good as we can expect. Additionally, our daily RSI is in a fair range. We do have some resistance to get through. 237...
Traders, I will probably not be posting as frequently this next week due to some personal matters that require more attention. Thus, I thought pushing out another general update on where we are currently sitting in the crypto space would be appropriate. As you have seen, I have still been busy entering trades in alts. The main reason for this is Bitcoin’s...
Cup and Handle neckline has now been pierced. I'm betting this plays out. Entry 1.80. Final target 2.52 with profits along the way. SL 1.57 for a 7/1 rrr and up to 50% potential profit!
Another trade I've taken today is here on DOT. Once again, my proprietary blend of custom indicators are all flashing green. Reinforcing the bullish signal is, of course, good volume support on the underside of price along with all SMAs (50,100,200). RSI is hot but not in overbought territory as, it would seem, everything else is. I can see us double-topping...
All my KAVA indicators are set to green and with our VRVP PoC under price as support along with our 50/200 SMA's, I think entry here in KAVA is of good value. I will be targeting .87-.88 cents with a SL just under the 200 SMA at around .72 cents. The RRR here is 1/2. Not bad for a likely 14%+ profit potential.
I’ve got another trade for you all here in Aptos. Nearly all of my signals are flashing green on APT. I can’t sit the sidelines waiting on Bitcoin here. I’m in at $9.50. Targeting $11+. SL is $8.73 (just under the VRVP PoC) for a 2/1 rrr.
Bitcoin has given us our expected pullback and now we must look at the support side to study which supports will hold price and for how long?The first option, as of this post, is that the pullback will only last till Tuesday (U.S. stock markets are closed Monday) and then the buyers come back via BTC ETFs. If this is the case, it may also mean that our RED...
I haven't been posting as many trade here to tradingview due to time constraints. But here's one for you guys. My next pick goes to DYDX. You can see we have a breakout from a bullish triangle and a solid point of control just under us on the VRVP. I’ll target somewhere around the double-top area (4.14) for a 4/1 rrr. SL will be 2.93. My port weight is 20% on this...
Traders, Bitcoin has crushed the 48k barrier finally. And with that we are on our way. The long-time Cup and Handle Pattern that I have been alluding to for so long is now in play and tells us that we should easily reach 80k this year and maybe as soon as mid-summer. With our 48k on the underside of price, we can now expect to use this as support. We also have...
Let’s make this as simple as possible for Bitcoin. It’s really this - Bitcoin must beat 48k to continue the bullish trend and confirm that larger cup and handle pattern is in play which will take us to 80k. If we don’t beat 48k soon, then I expect another small pullback. However, it may not be as deep of a pullback as other analysts expect. According to my chart...
For my final long (sorry tradingview followers as I have only had the time to post a few of my trades here but you know where to find the rest), I chose Matic. Nice little cup and handle. Above VRVP POC and above all SMAs. Entry was .86. Final target is 1.03 with profit taking at .94 along the way. SL is .80 with a rrr of 3.5 to 1.
I suspect AVAX will form a double-top before more pullback. Cup and handle pattern is now in play and takes us just shy of our $48 price. I plan to some (maybe half) of around 42. I will then move my SL to break even and let the rest ride, trailing stops as we go.
Traders, Believe it or not Solana has still got more juice in it before a bigger pullback and this inverse head and shoulders pattern is now in play. Target will be 135. SL is around 100 with a 3-1 RRR. Stewdamus
Numerous indicators are showing that Bitcoin may want to retest that 48k resistance level again. The retest comes quicker than I anticipated by I am not going to fight price action here. VRVP and FRVP support strong accumulation at or near the neckline of that inverse H&S pattern I have drawn. Neckline has been broken to the upside where there is not a lot of...
Traders, Per usual, I am a little ahead of the crowd here. But I feel it's better to have all perspectives in mind and to be prepared for multiple scenarios than to have never seen it coming. With that being said, here's is a potential future pattern on the BTC daily that may be developing and is something we should all be watching carefully because if it plays...
Just wanted to give you all a quick summary of where I stand regarding the recent Bitcoin price movement. In short, I believe that Bitcoin could possibly still tag 44k before the sellers come back again to take us back down to 37-39k. This is where I start to make my re-entries once again, DCA'ing it as we fall. Plus, we'll start by looking at the DXY and SPY and...
Traders, As expected, Bitcoin has now arrived down at my $39,877 level. This is a target that I have set for the beginning of my DCA entries. I think we could come further down to my channel support areas and I will add more here if that occurs. But, if we break those supports, I will exit and look for lower entry points because, at that point, I would expect a...