BITCOIN: BTCUSD Long story short: Bitcoin good above 2750, bad below same level. Looks like the pivot for price action today. Longer story:BITCOIN: BTCUSD Even addicts have to sleep sometime. What terrible timing. Left Bitcoin with a last update to short as price came back up to test the parallel and failed - which it did precisely - but failed to write the...
BITCOIN:BTCUSD Hope you managed to get long at 2755 - it was a peach of a hit on support - I missed it. It was so damn perfect too. Damn Der. Got so carried away with the oil complexes I took my eye off Bitcoin for an hour and so much has happened... It's come back to make a perfect test of both fixed support and the lower parallel at PRECISELY the moment in time...
BITCOIN: BTCUSD Conflicting signals right now but looking like the continuation pattern will win out against the rolling top formation at present
BITCOIN: BTCUSD Still good whilst above 2800 - bad timing as it's rallied just as this is written...but Bitcoin still looks fine above 2800, stops just below.
BITCOIN: BTCUSD Every stop blown and a 10 point loss on latest long. Please tell me you guys used sensible stops. Please.
BITCOIN: BTCUSD Still looks good, but pattern has changed subtly over the last hour or so. So must now raise trigger for next long as per comment
Bitcoin: BTCUSD So far every move it makes is positive, still. To stay that way and support the next phase lift-off it must continue to hold the line...
BITCOIN: BTCUSD Fantastic price action has pushed Bitcoin through the old high like a knife through hot butter. There's more to come now...
Bitcoin: BTCUSD Clean BS free chart BITCOIN: BTCUSD The upper parallel finally popped creating another surge up to the last resistance before the highs at 2685 with a new high for the run at 2689 so far. If it runs too fast like that it's a gift to close out and buy back lower for day traders and that's what's happened again here. Now the question is whether it...
BITCOIN: BTCUSD A really exciting ride may be coming to its end. Maybe. And maybe not. Who knows? Whatever, the chart will tell exactly what the next move is going to be.
BITCOIN: BTCUSD Bitcoin has broken out finally above 2600 but is still under the control of the original parallel coming from the low. It's now being constrained from surging higher still on the upside by the same force. Unless it can find power enough to break above the line it looks like a slow grind higher from here...if things stay this way it will be 11pm...
BITCOIN: BTCUSD Testing key near term reistabce at 2595 with an intraday high right on the nail. Now consolidating again. Trigger for next long is a move above 2600 for re-test of highs at 2752
Bitcoin: BTCUST Update - Must continue to hold the lower parallel - in buy zone with stops below 2500
BITCOIN: BTCUSD Apologies for particularly long winded comment, even by this writer's standards. Hoping to make this comment last the weekend as it's gone so quiet. You can cut to the chase by ignoring this and heading for the final few lines. Volatility has dropped so hard Bitcoin has almost become a regular type of stock today. It's gone very quiet and despite...
Bitcoin: BTCUSD Tracking a new parallel and now re-testing resistance at 2445-2455. Has to push higher now or momentum will fade even more. Only looking to re-enter long on a move above 2460. Caution required here for any longs until we see 2455 beaten by 5 points now.
BITCOIN: BTCUSD Never made it to the highs yet but has gone into a smaller continuation pattern just below them. Still looks good whilst it holds the lower parallel. But the big test remains at 2350.
BITCOIN: BTCUSD Still looking good so far but has to break 2350 to stay that way. Stops for longs and next long set-up
BITCOIN: Bears can't win yet until they can break 2225-2215 and then 2180 below there. But neither can the bulls unless they can take 2350 out. One way or another, if you're patient enough, this is going to break and if it happens to be to the upside it should be worth following