tommytoan11

19:54

tommytoan11

Touching 48k is impressive, keen to see how this daily closes, if we don't get above 47.2k in the next day and record a lower high on the 4 hourly, I think we come down to test this ascending wedge lower trend line. I'm getting the impression BTC is rounding off at the top here, that 50k may be as high as we can get, great time to take profits. Still a period of...

19:55

tommytoan11

Triple top?! Third time on lower time frames we coming up to this 46.7k mark. Clear resistance, Do we break it? If we break below a couple of the lower trend lines I have drawn... things could get nasty. If we break 46.7k, I think we could get to 48k to 50k. A lot of the market is long here judging by open interest, which means if there's some sell off, things...

19:41

tommytoan11

Bitcoins recent bullish breaks at 41k have followed us through to a peak of 46.7k. Many of us were expecting more forever green always up price action, but now we are all starting to be reminded there is such a thing as overbought. We are sitting with indecision right now, do we want 50k or do we want to revisit previous resistance that's now support? MY ROUGH...

19:46

tommytoan11

BTC has formed a significant higher low, another significant break of the range 41k, and a significant break of the most recent high. Damn good signals. A longer time frame swing trade I believe is on the table, but there's a lot of risk being 12% from the recent higher low. Though you could structure your trade around breaking back below 41k to invalidate. My...

19:54

tommytoan11

(So hopefully my internet issues are behind me, have had 2 failed vlog uploads, which sucks but moving on and should be uploading more regularly now.) Being totally honest, I entered a short at first 40k touch, got stopped around 41k, possible I would have entered another short (I'm backtesting these trades so its dependent on me being honest with myself!!) and...

19:59

tommytoan11

A ton of volatility again today. So apparently that pump was off some amazon fake news??!! For real?! That's all it took?! Imo lets not ignore the fact a ton of money was just itching to jump back in on any pump. Then some tired old recycled tether news dumps us... I'm pretty over the news for crypto. Think I prefer tracking all this from a purely TA-centric...

19:55

tommytoan11

I've been schooled by the markets the past few days, I was mostly blind-sided by the break to 35k, and 99.99% of the world population cant see the 36k to 40k pump. That was nuts. I will be honest, I don't think I would have bought the breakout, and any longs I may have opened at 30k would be mostly closed at 35k. So if you are looking for analysis and...

19:58

tommytoan11

*uploaded this morning and appears we broke that trend line! So my 'slight' bearish bias got a little out of hand haha, I try to keep it real and for the most part I have done that here, but certainly I didn't see a distinct bounce. In hindsight it makes complete sense, if you break below major support and theres no fear or panic, a bounce makes more sense. The...

19:57

tommytoan11

BTC price has broken below 31k range, finally, and had a sharp move below 30k, we hit 29.3k and are now essentially sitting here waiting for the daily close. If price can get to 29.5k area and close on the 1 day.. that will have significance. After that, we would need the next daily candle to close entirely below the 30k mark to signal some big ole...

19:54

tommytoan11

*Hmm think the vlog was a bit loud today! Will get it better next episode This squeeze is still squeezing! More lower highs! BTC has now backed itself into such a narrowly ranged corner we are bound to experience some pump or some dump. Short term I have to admit things looking a little more bullish, I think we could experience some reprieve here. We need to see...

19:55

tommytoan11

BTC is going full contortionist on us right now. These previous 4 lower highs on the 4hour chart are really starting to make things look bearish for BTC. The continuation of this pattern of decreasing highs suggests price wants to retest 30k and possibly lower. This range and general chop is just bad place to be trading, at least for myself and many others....

19:56

tommytoan11

BTC looking like it wants to touch 35k more times than a catholic priest touches... ahem! BTC has retested and bounced off the upper trend line of descending triangle multiple times now, my confidence in this pattern is beginning to waver, or it could just be I had a shitty sleep and my mood is a bit low! I have seen a descending wedge being floated by others...

19:59

tommytoan11

BTC is trying over and over to break this 35k resistance. Right now its locked in the lower half of this range. Technically, for one of my strategies, I should be in a long off of a successful retest bounce from the upper descending triangle trend line. My target on that would be 39k to 40k. My stop loss is moved up to break even since getting to 35k. MY...

19:51

tommytoan11

BTC has broken the trend line of this descending triangle again. This pattern is starting to lose significance.. but still relevant for now. Its changing by the day really. I'm also tracking a lower significance ascending triangle, of which we are testing its lower trend line. Patterns within patterns. I'm not convinced by these small pumps, not sure if it has...

tommytoan11

Cake is desperately trying to break this trendline, it needs to break it to go higher, its failed it many times now. Its a bearish pattern of sequential lower highs that is starting to squeeze price. $9.5 is major support, $8.3 is the last line of defense. BTC revisiting 28.8k and going lower may very well break CAKE's back and most of the ALTcoin market :( I...

19:56

tommytoan11

We had a false breakout at 35k, we got up to 36.5k area then fell down to retest the trend line, which arguably did create a buy signal for my breakout strategy. I did no enter it, cant remember if it was because I was sleeping or working! But technically it was a buy signal for me. This trade would have got stopped out. We are back inside the reservation now,...

20:00

tommytoan11

BTC price is going off the reservation here, we could be starting to form a new pattern. This is a breakout of a descending triangle on the 4h (lower significane) and its towards the end of the pattern where you can expect some squeeze that leads to volatility.. A breakout here is on the lower odds side of things, but market don't lie, so lets see if it can close...

tommytoan11

If support line is retested there's a trade opportunity to go long to 0.1 area. BTC is potentially entering a squeeze zone and could get very volatile, stop loss on VET is essential here otherwise you can get gigarekt. And essential to take profit and not get greedy, when things get bearish you get less greedy. Don't go looking at 0.137 with stars in your...