The crypto world let out a collective groan yesterday as bitcoin again headed south. The market was starting to look like it was building for a move higher then it didn't. There are some key levels I am watching before I am overly bullish or bearish. I share those with you in this video. Enjoy!
Once again a scan of the top-10 needs to be followed by a yawn. With times like these we must plan for the next move and get a clear plan for the possibilities that lie ahead. We could move higher, we could move lower, either way I will be ready. Right now my trading activity has been crossed with bitcoin. What are your plans?
Some pretty average market activity in September meant less trades for me. October has started with some momentum behind it, will it continue, what are you thoughts?
In this video I follow up on my last about whether bitcoin was bearish. That video stirred up a good debate between both bullish and bearish camps, I love the debate so keep it up! I am about to do a detailed analysis of the top-10 to my free subscribers so if you're not already make sure you join up on the Tradercobb website so you get this video and more
Crypto trading is tough when Bitcoin is sideways like it is right now, in my opinion. Patience is required, sitting on hands is frequent and a plan you may have today may be finished tomorrow so expectations need to alter. With that being said, this is the market that moves in multiples of insane. If you are like me and are ready for moves up or down you are well...
It's said often that the race is won not during the race but well before the race even starts and trading is no different. It's not the trade that counts it's all the planning, learning and then the execution that makes a winning trader time and time again. Anyone can have a winning trade but not anyone can be consistent, not without preparation anyway.
Don't get me wrong, I would love to see the lows set and for us to move higher from this point on but the reality is I have seen this many times before and I will be trading what I see not what I hope.
Some great trades were had last week, it really was a top week for those that trade the strategies I employ. The good news is that there are plenty of nice trends out there right now for trend traders to consider. In this video I cover the top-10 and share with you my favourite two for trades in the next 24 to 48 hours.
As last week ends another week begins which is the perfect time to give you my thoughts on bitcoin and what I am waiting for. I am still very much being careful here and waiting for the confirmation, I am certainly not bullish yet but there are some positive signs. What do you thinks, are we moving higher or lower?
A quick pump on bitcoin but beyond that there isn't much to report other than a slight move in the bull's favour. I am not worried or spending any time on the conversation around bitmex simply because what is done is done and there's nothing more to it
With many in the top-10 divergent on the 4 hour time frame my focus is on ETHUSD. The candle still needs to close before we can go through the check list however I wanted to alert the community that this is something I am stalking for a short. Keep in mind daily time frame is over extended from the averages so manage your risk accordingly.
There are 3 types of trends, up-trend, down-trend and n-trend. Currently bitcoin is in no-trend as it has a higher high and lower low. It is for this reason that I am more focused on shorting the other markets in the top-10 that have great down trends.
With further declines seen on bitcoin over the weekend you might think my view on bitcoin has changed. It has not and here's why
As much as I would really love a great trade on bitcoin now it's not where the trading activity has been for me and my clients of late. In this video I take you through a few charts I am stalking and have been trading the last few days.
Today with the new monthly candles opening and a pull back in motion I think it's the opportune moment to discuss what perspective looks like and what it means for the current state of the market.
With the pull back having happened and fast we now have a bullish candle on the daily. A break up through the high of that candle would suggest we will see new highs within this current trend.
Now that we have broken the little range and not pulled back we have not got a great deal in the way resistance wise until around $9,700. Yes there are some round numbers ahead but I don't see these levels as hugely significant. I am hunting long trades.
Bitcoin remains in it's $300 range on the mid time frames. I am patiently waiting to see if we break down to offer an entry on the higher time frames over the coming days or we push up and may provide some shorter time frame opportunities. I also throw in at the end a chart I am stalking closely for a breakout.