This is what I do when I cant sleep. lol
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BTCUSDHello all. Dont hate too much but consider all things as possible. :) Many know and understand the simplicity about the ways I do things and in some cases I know the simple gets complicated. I know this presents something completely irrational to where we are today but as a TA I have to assume the history repeats itself in the market.
I am not going to give a long description for anything because I am not good for them. All I want to say is be mindful of where you are today, Take the profits you can and when you can and run with them. This is a new market and with it a lot of people are being left broke, dont become one of those people. I am not putting this chart to upset the crypto community but to perhaps make you see what could be the real outcome of BTC in the next year. If you ask me I do want a McAfee 1mil btc but given the circumstances I have to dare to doubt we will see it soon.
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Here is where we stand today based on current data. Then after 11k would be 14kملاحظة
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As stupid as it sounds I’m still waiting for the weekly to close. Reasons are simple. Fomo now and miss out later. We will have to correct in this leg question is when. I am looking at an awesome pattern but still cautious. Bull flag break out??? :) ملاحظة
I will give it a rest after this update. Little to explain. Our support in the weekly has changed since 11-2017 and it is 4.8k.
Something
Daily support still at 5.8k
Those two things is worth to keep in mind.
Here is what I see possibly happening in the days ahead. this is a weekly expectation.
if any major changes I will come back and update, if not have a nice week. :)
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Just wanted to share this ichi cross. Let's see where it takes us. ملاحظة
I guess it is time for me to give a little update about btc. As you can see nothing major has happened with btc. We traded in the same range the entire week and just now got out of that range. The reason why im giving this update is because we have arrived to a crucial btc price in the weekly chart. We are now testing the rsi resistance and if we dont push through that, I can say we will retrace. at this point I don't know how much. I expected a 10k price due to the hard pumps btc had when it reversed but we fell short losing that momentum. All I can say is trade with caution at this price levels. I will come update if anything major happens. 9.9k is our first weekly resistance. enjoy the ride. :) ملاحظة
Sorry for late update, we arrived at our first support. I am not buying anything till next week possibly, depending on btc price movements. I honestly didn’t expect to have this hard dump. I expected a more steady drop and this just tells me the market is still pretty weak. Next valid weekly support 6.5k-6.3k just keep an eye on it. Happy trading. Alts in pauseملاحظة
As I said, major events only. I opened a short and I am keeping it. Trade safely. ملاحظة
Ok the major event came a day later. The last chart waiting for a bearish signal just started to show signs of breaking down. The daily is now hanging on a very dangerous spot. As I always say, dont marry your coins and always think profits first. This is the time when I really put TA to the test against FA or any other news. There is a consensus going on and all charts went bears. Time will tell. Trade with caution. ملاحظة
Well we had an interesting closing today. Here is the chart. I also still think we will try to retest 8.5k range although volume is still super low. I will short btc till I get some reversal signal. So far it looks pretty loomy. ملاحظة
This update is to let you know there is no update. BTC going where it was said it will go. happy trading :)ملاحظة
Well after two days of the daily holding on, it finally broke down. I’m shorting the market again. Expect a pump to 7-8-8k range but volume is not there yet for it to happen. Happy trading.ملاحظة
Well... hello. We hit our higher price of 7770ish price and then retraced again. btc is still very weak and I expect another red week.
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We have entered in the bounce range. This will be a temporary bounce. 6.5k range still possible. Daily support at 6.6k. Happy trading.ملاحظة
Well can’t always be right. Lol. Happy Trading.ملاحظة
Let’s see if we can bounce back to 6.6k to get our lower high. Last time I expected a 6.8-7.2 and we barely made it to 6850. Weekly cart is in serious bear mode and monthly starting to breakdown as well. Next stop 4.1k. 5.8k target pretty much is here.ملاحظة
I wanted to give some back charts for my comments above. THIS IS A COMPARISON BETWEEN THE WEEKLY CROSSES.
THIS IS A CROSS ABOUT TO HAPPEN AND A WEEKLY SUPPORT FOR A EXPECTED PRICE TO COME.
THIS IS THE DAILY WHICH IS KINDA INVALIDATED NOW FOR THE WEEKLY EVENT TO COME. I expect to see another oversold rsi area.
AND THIS IS FINALLY THE MONTHLY. WE HAVE FALLEN UNDER THE MA GIVING ANOTHER BEARISH SIGNALS. Something to remember in the MA price action is that they tend to test it multiple time. We will see if this is the case with BTC.
Have fun trading!!! see you in a few days or weeks. :)
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"Be kind, for everyone is fighting a harsh battle.If you really want to know what people really are like, you just have to look."
This is my new update and be careful trading. Remember, markets change like the weather, suddenly.
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This price range is my short entry. 6-6k was my top as I previously acknowledged in my Twitter. Price development hasn’t changed much. Weekly still weak. Monthly still playing the recent breakdown. Still think we will see a 4.1k price in the not too far future. Monitoring the monthly for the 21 day MA to further understand where next low really is. Again as of now just looking at the weekly, price is 4.1k. Trade with caution. :)ملاحظة
Oh wow, what a change. still holding my target price of 4.1k. Last short didnt work as well but we are back to square one. If you want to know what I am thinking about btc, check my twitter. I post some charts and fun screenshots from bitmex there. Patience is a virtue. ملاحظة
and we are here in the weekly trading area. still waiting on target. check my twitter for updates. Thank you for being here. ملاحظة
We have arrived at a very important point of btc pricing. The monthly tested and broke the MA 21. For those who are hopeful in the ETFs, it is a tempting idea but to be honest I don’t see it happening. BTC needs a lot of improvements still, blockchain in general. Just remember what happened with the consensus and how market didn’t even moved and many Top TAs were mooning btc. I’m keeping my targets. 4.1k for hard bounce, 2.8-3k for porssible reversal. If anything changes, I will probably post a chart for you. Good luck.ملاحظة
Sunday is here and btc still shows massive weakness. Target still 4.1k. For now. Daily is braking down again and monthly is a must watch. Don’t get surprised by the little time frames. See you soon. :)ملاحظة
welcome to the new month where MA was tested and failed. target still valid. 4100 ملاحظة
quick long update. Good luck 
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We are getting to the bottom of this cycle. I am now entering long positions hoping for a full cycle to be completed and reach 8.1k thus giving us room for the lower and possible reversal at 2.8-3.1k. Problem as of today is the monthly went bearish and that will definitely scare a few people out due to the super low prices it could bring. A new target popped but I will wait to give it later. Happy tradingأغلقت الصفقة: تم الوصول للهدف
I should have updated this chart a while ago but anyways target was reached. New chart is now up and active.Monthly chart still ruling the market. The chart below is for a short term which is a few months maybe until may or april. We will see.
Have fun and trade with caution.
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