A new mean reversion pivot is defining itself, we're likely to see an explosive move after it's crossed or if Bitcoin Rejects from it.
What i'm looking at going forward in the upcoming week or two.
Never has Bitcoin been so at risk of failure.
It's fun and exciting to get caught up in massive projections and run-ups, but it's impractical as traders . Click the +1 like button if you agree . Let's get back to reality and focus on the here and the now so that we can stay profitable and make consistent gains with our trades. I have been guilty of doing that sort of post when I was first on here,...
Today Bitcoin exploded higher up over 10% at multiple points throughout the day. As I'm writing this it's off it's highs by a little, currently trading at around 8.31%. With a little room before the next major area of resistance, I think we may see another 4-6% move in BTC before things start to get dicey. Around 7800 we have the confluence of Fibonacci...
In this video we look at the 2013 and 2014 crashes and what were the preceding and succeeding market conditions -- and what that means for us now in 2018... A new bull market has started - but the risk to roll over into a crash is still there.
Bitcoin has been forming a bearish pennant pattern since early 2018. When looking at the pennant we generally make our bias whatever price was doing going into the start of the pattern. In this case the pennant began shortly after a very strong selloff in bitcoin that saw 50% of it's value disappear. That would make this pennant bearishly biased and we would be...