Hello friends. Bitcoin appears to be forming an IH&S. This is something to watch closely. I think there are many signs right now that we have entered an accumulation period and the bear market, slowly, will be coming to an end.
I am short here. Let us see where this takes us.
The chart speaks for itself - I am neither long nor short here, but its something to keep an eye on. TRX Handled yesterday's minidump with class, and there's definitely something in the air this week....
Expanding on my idea from earlier, I am further convinced we won't go past 6440 before continuing our descent. This bounce was expected off the fib, but Bitcoin was kind to give that much. Volume is extraordinarily bearish, and last time we stalled at this price we saw a quick and violent move down to the 6190 support - from which I am not sure whether or not we...
This was a fractal I was looking at last night, unfortunately I was not comfortable sleeping in a long position. The signs, clearly, were there, and the market makers went for it. What can we do now? Well, we have yet to make significant progress to the top of this fib channel, and I don't see the follow through on volume I'd like right now. More than ever, I am...
Hello Traders! This is an update of my chart from the other day, in which I suggested we would be dropping from $6500. This played out nicely. Admittedly, I closed this trade because I was not comfortable with the probability of Bitcoin exploring the top of the 1.618 Fib channel ($6900). However, I factored this greatly into my Ethereum short which is looking...
Good afternoon friends! I hope everyone is safe throughout the weather we've been having on the East Coast. Alright, looking at Ethereum, we definitely have potential for more upside here, though we appear to be in the early stages of rejecting the .5 Fib channel. Even if we end up trading along the bottom of this channel, a short entry here would be just...
The chart speaks for itself, this idea is invalidated if we break $6600 where we will start looking for long opportunities or, reevaluate the situation.
Friends, the last few days have been slow going, but I think we will be ready here for a new trade soon. Let's see what Bitcoin decides to do in the next few hours.
Hey guys, here's something I've been looking at on the four hour but only recently has it started to make more sense. This is a really nasty Head and Shoulders that is targeting around the $4600 area though I'm not sure we'd go quite that low. Either way, I think there is room for more downside on Bitcoin - but the future is still very bullish! Stay safe traders,...
We either need to bounce, very soon, or we'll be testing 6200. I am short here but watching carefully.
Does head & shoulders even work? Let's find out...
Take profits upwards of $7k
Hey guys! I'm definitely feeling a bit bullish on bitcoin today. Technicals are great, but I feel that too often TA on TradingView neglects the emotion of the market as an indicator. Lately, we've been hearing much about $5k, even from Tone Vays - who I respect. But, even the best of technical analysts, or the smartest of us, can fall prey to emotion - we're...
Hi everyone, this is my first chart, I would love some feedback. Speaks for itself, I believe this is a very important stage for Bitcoin. Right now, I'm looking at a break above 6321 to signal a bullish trend. A Breakdown below 6175 and we're looking at possibly testing a new low. We'll see what happens.