TradeTravelChill

TradeTravelChill

Only 3 times in Bitcoins history has it lost the 800 Daily EMA. This triggered a 40-50% drop each time. The recovery back above the 800 EMA afterwards took less and less time. In 2014, BTC held the 1600 EMA as support after breaking the 800 EMA an dropping a further 53% (1600 EMA not pictured) It took 323 days to recover and then stayed above the 800, peaking at...

TradeTravelChill

What happens after a W formation? My preferred trade setup is to identify a W forming within a demand zone and take an aggressive entry off the second peak before the right side of the W has formed. If the W fails to break resistance, it's ok because I can close the trade there and wait for a new setup. But what happens when you miss the entry? In order for a W...

TradeTravelChill

BTC Wave 3 and Supply Zone around 42-43k, we may not pullback until there.

TradeTravelChill

Got the breakout of the descending wedge, currently retesting. Look for entry on 4H TF. Multiple targets depending if general market stays bullish. Needs to hold above 0.006664 for a long entry.

TradeTravelChill

Attempting a key level after an initial rejection. Waiting for a BCR within the cyan box for an entry to ride up to multiple targets. Depending on how bullish the overall crypto market is, we could see this take us beyond target three. Will reassess if we get there. Don't enter without a retest.

TradeTravelChill

Symmetrical triangle on the daily getting ready for break out. If the crypto market stays bullish, I'm expecting a break out to the upside. Will trade this off the 4H TF

TradeTravelChill

Let’s take a look at ETH long term. ETH has been trending nicely in this channel since the massive dump in March. Predicting this run will continue to around $960 which will take it to the top of the channel within the first or second week of January. I think we'll get there, possibly just shy of it, but close enough. Because I think Bitcoin will reject at...

TradeTravelChill

Ok so I hate doing long term predictions but I've taken a leaf out of a fellow traders book and I'm going to put one out there also! Predicting this run will continue to around 40k. I think we'll get there, possibly just shy of it, but close enough. And I'm even going to put a date on it - we will get there before Jan 16th. Then we'll have a big sell off of...

TradeTravelChill

*** Stops need to be re-adjusted and R:R reassessed at point of entry. As a guide, I usually count 6-8 candles back from my entry point on the timeframe I’m trading on and place my stop just below the lowest wick within those 8 candles in the case of a short, or above the highest wick of the last 8 candles in the case of the long. If this rule means your R:R to...

TradeTravelChill

*** Stops need to be re-adjusted and R:R reassessed at point of entry. As a guide, I usually count 6-8 candles back from my entry point on the timeframe I’m trading on and place my stop just below the lowest wick within those 8 candles in the case of a short, or above the highest wick of the last 8 candles in the case of the long. If this rule means your R:R to...

TradeTravelChill

*** Stops need to be re-adjusted and R:R reassessed at point of entry. As a guide, I usually count 6-8 candles back from my entry point on the timeframe I’m trading on and place my stop just below the lowest wick within those 8 candles in the case of a short, or above the highest wick of the last 8 candles in the case of the long. If this rule means your R:R to...

TradeTravelChill

*** Stops need to be re-adjusted and R:R reassessed at point of entry. As a guide, I usually count 6-8 candles back from my entry point on the timeframe I’m trading on and place my stop just below the lowest wick within those 8 candles in the case of a short, or above the highest wick of the last 8 candles in the case of the long. If this rule means your R:R to...

TradeTravelChill

*** Stops need to be re-adjusted and R:R reassessed at point of entry. As a guide, I usually count 6-8 candles back from my entry point on the timeframe I’m trading on and place my stop just below the lowest wick within those 8 candles in the case of a short, or above the highest wick of the last 8 candles in the case of the long. If this rule means your R:R to...

TradeTravelChill

*** Stops need to be re-adjusted and R:R reassessed at point of entry. As a guide, I usually count 6-8 candles back from my entry point on the timeframe I’m trading on and place my stop just below the lowest wick within those 8 candles in the case of a short, or above the highest wick of the last 8 candles in the case of the long. If this rule means your R:R to...

TradeTravelChill

*** Stops need to be re-adjusted and R:R reassessed at point of entry. As a guide, I usually count 6-8 candles back from my entry point on the timeframe I’m trading on and place my stop just below the lowest wick within those 8 candles in the case of a short, or above the highest wick of the last 8 candles in the case of the long. If this rule means your R:R to...

TradeTravelChill

I don’t normally trade this market but I’ve been watching the Dow for many, many months waiting for this. Many called this pattern since March a v-bottom. I disagree. I actually think the March drop and recovery is just the beginning of a massive long term double bottom that will span over a number of years. The recovery has only happened because of the US...

TradeTravelChill

BTCUSD Ok here’s my BTC theory... The CMEs closed on Friday with BTC at 10660. That means as long as we stay under that price on the weekend, a new gap up to that number will be created. There’s the existing gap between 9670-9930 and we have wicked down there a couple times so far this weekend. If we stay around the area we are now (10,300ish) then I have...

TradeTravelChill

WPRBTC - Looking for new entry. It needs to bounce off the 61.8 & support so dropping down to 4 hour to look for some bullish confirmation. Note: I'm not a pattern trader so I would not wait for the break out of the flag even though that's what you're supposed to do. I draw patterns to see what pattern traders would be thinking but I don't personally trade off...