Good morning all, thought I would do a Bitcoin updater as its been a while. To be honest its been pretty stagnant with BTC since we dropped through that trend line . It has been pretty much sideways action. But it looks like the demand zone between 51-55K is where support could form for the next possible push north. I would like to see price confirm the trend line for the 3rd touch and continue bullish . Keep watching over the next few days and wait for price to come to us then enter. I will update again once price is in a tradable position or if i have taken a trade. GLIYF
I can see $100k in the new year but again we've had another Sell off . Induces panic Selling I'm suprised people aren't used to it now
Is the Senate's inquitiy into Tether something which could trigger even lower prices...? As far as I'm concerned - the short term trend is still down. That dip to low 40 was heavily bought leaving a large tail on both weekly/daily charts and is so far a bottom. Could it be the bottom for now? I hope not as I want lower prices for my first purchases.
The huge rejection wick has touched down to a big horizontal support, I think this will accumalate the bulls again from here
Good morning all. Having a look back on bitcoin today. We have seen price in bearish action recently. With some people calling it a crash, which is just silly in the grand scheme of things. But are we in bearish bias at the moment? What will the bottom of this short term bearish price action be? If you wanted to trade this in intra day, then you could sell here at this price with the break and re test of the secondary trend. The next option for me would be to buy back in on the primary trend line below. But will we get there? Only time will tell, it certainly would be a cheap buy in. Let me know your thoughts below. GLIYF
Good evening all, updating today on the Bitcoin intra day sell I gave out last time. We saw price break through trend and was re testing perfectly. It was the time to sell and price has respected the technical analysis very well. As we can see currently it's 3482 pips in profit on this position, was very easy one to take, and a perfect example why you should take advantage of selling Bitcoin on a leveraged account. Not just HODLING and losing money on your portfolio. I would love to see price fall further to 1- Buy more BTC to HODL 2- To buy a leveraged position for the next bull push. If you took the trade and keep holding for now. Will update again soon. GLIYF
Good morning all, having a look back on Bitcoin before the year comes to an end. The sell given out last time out has given some profits, but we have seen price re visit the entry zone, which has also confirmed a true supply zone as again we have seen price fall from there to virtually the same point. We seem to be stuck in this range from 52K-45K currently. This demand zone looks to be holding also. So if you are selling now is a good time to take some profits. The next impulsive move will give us a good indication for a longer term trade. We could buy from this demand zone where price currently sits with a small position. We can also wait to see if price wants to fall lower to the primary trend and stronger demand zone . Either way get as much cheap BTC as you can. Hope everyone had a good year. GLIYF
Bitcoin is bearish! Previous posts on Bitcoin I posted the intraday sell from the break and re test of the secondary trend line . It worked out perfectly but price was bouncing in that range throughout December. but we have finally got the break of demand for the continuation on the sell. We are heading to my desired area to buy back in on Bitcoin , on leveraged buy's and to buy physically and HODL. Currently 7300+ pips in profit with this sell, keep holding for now but get ready to close those sells and take profit. As I will be looking for the buy if we reach the trend line . GLIYF
Good morning all, good day to report on Bitcoin today. If you look back on my analysis I had that circle on the trend line drawn up well over a month ago at start of last Dec. As we can see price has touched it perfectly, you can call me mystic mac haha. On a serious note, we have hit TP zone for our intraday sell for 1:4 R:R 10,000 pips. Price broke below 40K but wicked right out and closed above trend line . That for me was the signal to buy, so I have entered a position on the daily close of that candle. Now is the hard part to HOLD. Will we see new highs this year? I'm aiming for previous high's one supply zone at a time. Hope you managed to follow. GLIYF