I haven't taken a speculative in the markets since about March but I am looking to dip back in.
Not financial advice but here's what I am doing and why.
Don't follow me, I have a strong track record of doing foolish things.
My overall position is long bitcoin.
I am long bitcoin with my soul but in the spirit of stacking sats, I am looking to enter a...
Bitcoin price has been performing well recently. The last three weekly candles have closed with increases recorded and this week has brought the price of bitcoin back above $4000 and looks likely to close with an increase.
But bitcoin has risen to a point that it has failed to overcome time and time again. Since March of 2018, the price has failed to overcome a...
We are looking for to take a short position in litecoin versus bitcoin after today's upward movement. Litecoin has been performing well in relation to bitcoin after forming a high of 1514 satoshis in recent trading, over double the lows of December.
We are looking to take a short position which will be going against the general trend as it stands and will also...
All-in-all, it has been a good week for price performance in cryptocurrencies. The price of bitcoin closed the week with an overall gain after starting the week off with a drop.
However, the downward trendline which played a big role in 2018 has been brought back into our attention. Price is starting to exhibit similar patterns to those that it was showing in...
The recent consolidation we are seeing has brought the downward trendline which resulted in price breaking down in November back into my attention.
Price had mostly been consolidating for October to November of 2018 before depreciating around 50%.
We are seeing something similar at the moment with price consolidating and forming higher lows and lower highs.
The...
As much as we don't like to say it, we are on the bearish side of the fence when it comes to the price of bitcoin :-/.
The sharp sell-off seen two holy Sundays ago is what made us bearish. We have marked the sell-off with the black arrow on the above chart to make things nice and simple.
The real question is why did that make us bearish?
Here's the thing......
The drop today in bitcoin is forming a tweezers pattern for the past two day's price action. This shows a rejection of yesterdays price increase and the drop today also forms a lower high on the longer-term daily timeframe.
The candle has not yet closed but this type of price action typically would result in an increased likelihood of a movement to the...
Litecoin passed a key level on the $LTCUSD chart earlier today at $48.31. This level acted as support numerous times on the weekly chart and came into play as resistance numerous times. After a number of tests, price broke above but has since slowed its increase.
Litecoin outperformed bitcoin on this move to bring it to new highs against bitcoin. The increase...
Welcome to my first analysis TradingView'ers!
After the bullish surge for bitcoin last week, there are reasons to be both bullish and bearish. Bitcoin has so far failed to follow up with another surge even though a bull flag pattern has been forming. Since the surge last week, the price has been trading in a downward channel, typical of a bull flag pattern. This...
