cryptotraderog

cryptotraderog Aug 22, 2021

Bitcoin seems to have formed a mini head and shoulders and price is currently breaking down at the neckline. Be careful of a price correction here.

cryptotraderog Aug 19, 2021

Bitcoin broke up from wedge: target is the top of the wedge, which is at $48K

cryptotraderog Aug 12, 2021

Bitcoin is forming a potential double top. The first top has been formed and the 2nd top is waiting for a break below the neckline of 44.6K in order to get confirmed. If 44.6K is broken, then the technical target of the double top is at 42.5K. Price is testing the neckline of 44.6K right now, so it will be very important for bulls to hold here. Be prepared. Check...

cryptotraderog Aug 10, 2021

I’m entering into a long on solusdt. Initial take profit and stop loss areas are marked on the chart. As the trade progresses, I might take partial profits or adjust stop loss based on price action. Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins. Why follow? 1. Community of Technical...

cryptotraderog Aug 9, 2021

I’m adding to my litecoin long position. Initial position was entered upon break of the w bottom pattern. I’m adding to that position as we have another breakout after consolidation.

cryptotraderog Aug 9, 2021

Bitcoin is now testing the all important 200 day simple moving average (SMA). After bottoming out at slightly below 30K, Bitcoin has mounted an astonishing rally of over 50%, having broken the 200 day exponential moving average at 40K and the horizontal resistance zone of 42-43K to hit a high of 45K. The only major level to break now is the 200 day simple moving...

cryptotraderog Aug 7, 2021

Taking a scalp long on xrpbtc. Green box is initial take profit and red box is initial stop loss. As trade progresses, make sure to take profit and/or by securing profits by moving up the stop loss.

cryptotraderog Aug 6, 2021

Wabi has been recovering from the lows and has now reclaimed the 200MAs, having closed above it for the first time in a while. If price can consolidate here and maintain above the 200MAs, then we might see a breakout and another leg up.

cryptotraderog Aug 5, 2021

Bitcoin is currently testing the 200MAs at 39.1K, and we are seeing some defense from the bulls. If we can see some more volume come in along with a strong bullish candle, could be a sign of a possible bounce from this support area. Might be a good place for a long if we can get volume and price action confirmation. Keep an eye on this one. That said, if price...

cryptotraderog Aug 5, 2021

Ethereum is potentially forming a head and shoulders pattern. The neckline is at 2660, so if price breaks below this level with strong volume, I will consider taking a short. The technical price target is at 2555. If price doesn't break below 2660, then I wont be taking a short. Check out my daily videos for more in-depth technical analysis and trade setups for...

06:26

cryptotraderog Aug 2, 2021

In this video, I will go over what to expect for Bitcoin now that it has been rejected at the daily resistance of 42.5K and the potential to increase your Bitcoin stack by playing the ETHBTC pair. Bitcoin 1H Support @ 39K Bitcoin 15Min Resistance @ 41K s3.tradingview.com ETHBTC Entry @ 0.061

cryptotraderog Aug 1, 2021

Is now the right to rime convert Bitcoin to Ethereum to increase your Bitcoin stack? One of the best risk reward trades in cryptocurrency is knowing when to convert between Bitcoin and Ethereum. You can easily multiply your Bitcoin stack while taking on relatively small risk as Ethereum is the most stable of the altcoins. So the question before us is "Is now...

cryptotraderog Jul 31, 2021

Bitcoin has been enjoying a great bull rally from the 29K bottom. It is now running into daily resistance at 42K and meeting some expected resistance. If price is able to convincingly break and close above this zone, then there is a high likelihood that price will be heading to retest the previous ATH of 65K and establish a new high. In the meantime, price might...

cryptotraderog Jul 30, 2021

In yesterday's post, I mentioned that Bitcoin was forming a diamond pattern. That pattern, however, never played out as we did not have a strong confirmed breakout either to the upside or the downside. That diamond pattern has morphed into more of a symmetrical triangle pattern, and one that is getting close to the apex, meaning that it is getting close to a...

cryptotraderog Jul 29, 2021

Bitcoin is consolidating in the 39k-41k range, forming what appears to be a diamond pattern. As the move into the diamond was up, it is more likely that price will break up from the diamond (of course, that doesn't mean a break down from the diamond isn't possible, just less likely). If price does break up from the diamond, then the technical target from that...

cryptotraderog Jul 28, 2021

While it is not certain if this will be a Bitcoin supercycle, here are the key levels to pay attention to and track on the way to the supercycle and Bitcoin price targets of 100K+. 1. 44.5K: 200 Day Simple Moving Average 2. 51.2K: 61.8 Fib Retracement 3. 59.7K: Lower high breakdown from previous ATH 4. 65K: Previous ATH 5. 100K+: Supercycle Simple, but...

cryptotraderog Jul 28, 2021

Bitcoin double bottom breakout now!! Keeping it short in order to get this out ASAP

cryptotraderog Jul 27, 2021

Bitcoin has enjoyed a huge pump from 29K to 40K, with the move from 34K to 40K being especially explosive. Whether the move was due in part, in whole, or have nothing to do with the Amazon rumors, we now need to look at the technical picture of Bitcoin price action following the pump. The first thing to note is that price failed to break above the 40K...