


TRIFRACT
Price at least short term looks like this is not the top for this move.
Original idea: Now is one time to SHORT actually. The next one is all the way up in the 11K area for Bitcoin. Either we fall now and make a second top a little higher for a lwoer low OR if you see price move past 9250-9350$ and we confirm the 11K move where the next area to short will be.
BTCUSD moving to the upside , short term bullish, move up
Resistance holding for now, a bit of a pullback to 8.2k >?
Cashed in the Longs from 7.6-7.7 area. And this one: Now Bitcoin has to choose 8.900-9100$ area resistance and a low below 6.400$ OR it can extend to 11,200. The smaller time frame projection for potential top just above 9k tyoe of scenario: In all honesty , my gut feel tells me we are going to head higher due to the Bitcoins volatile nature. 6.400...
Next Trade - if Gold If price gets inside yellow circle - Long
It's just a matter of time. Minimum mission in BTC for this move up from 6.4 is 8.7-8.8k.
This chart is a follow-up to the LONG position @ 7.6k here: * IF * it does, I will be looking for two highs hitting resistance , second high should produce a top(at least a temporary one) and a good short somewhere in the 9.x area. Price should get below the support for a short while before producing "The High" for this move up. After the high is hit, a...
To be used in conjunction with this one: and this one:
BTC taking a breather/forming a bullflag and next week up for 9.x k top ? I wanna see two things: 1. IF and where BTC gets support for a move to 8.15-8.2 -> draw a parallel from the same downtrending slope - this will be support. 2. Where BTC is on 12th of January - if still in this range and already formed a bullflag -> then the next big move will be up -> 9.xk top.
A little bit of a breather in BTC. Will probably start moving inside a downtrending channel(bullflag) before the next push to the upside. Watch where it bounces for the first time and watch for an entry on a second or third bounce from the same downtrending level for a move to 9.x k When price is moving to the upside, its best to look @ downtrending slopes to...
I am now experimenting with a math/geometric way of figuring out - how high a price can bounce in a downtrend ? How low can a price go down in an uptrend ? before the trend is changed. And even more important , if you know something is in a downtrend and there is no visible resistance as now, we are out of the original channel - where do you short exactly with a...
Does not mean to short it, look my previous idea: Breakout traders seeing OBVIOUS 7.8 breached to the upside are now going LONG with big margin, there is a good chance BTC will retrace to take them out before reversing back to the upside.
Do not get your eyes off the ball or you risk losing your hard earned money. EUR/USD is still in a downtrend and unless it closes 1-2 weeks above 1.13 level, price is expected to go down HARD. This idea originates from this chart: We did not get to 1.14 as per the original idea as it took A LOT MORE TIME. Still the idea is the same.
Bitcoin has no obvious structure to the upside as of now BUT it is meandering near resistance without signs of further weakness. Choppy action , both bulls and bears are a bit confused about the action. Shorting does not work as price immediately goes back up, Longing does not work either since November 2019. All signs show that Bitcoin is now trying to reverse...
First you can see this idea posted back in MAY: So I was looking for a top in BTC and a continuation of the downward trend at two places 5.7k and then 9.1k. The almost 500% increase caught me off guard. BTC humbled me by not being able to forecast the top and I was off by 5000$ !!! Embarrassing to be honest with you. It did finally top and now we are seeing...
BTC is now acting as stuck to resistance which is a very bullish sign and shows we are ready to breakout. Maybe a small move down first before the spike. Price is supposed to stay ABOVE the low @ 6.5 for this to remain true. 6.5 shapes as the LOW for 2019. Let's see how it shapes up. The other scenario besides an imminent breakout is first a spike down to the...