Bitcoin analysis

We have had a drop in price on bitcoin , but i only think its half lived. Im still holing my long positions. Looks to me we could see a stall in price movement here right on trend. The next couple of days will be the deciding factor for me. If trend holds and we push up to make a new higher high were golden. If it breaks trend then the lower high is real and we could see some more bearish action. Keep holding if your in, you should be risk free from the previous push anyway. GLIYF

Im still holding my longs on BTC . Trend still looks to be holding and the bearish impulsive candles are looking weaker. the support zone around 10165 seems to be a nice strong level. If we get a nice bullish engulfing candle then were on for some pips. I will close the trade if break this trend and if price looks to break below. GLIYF

Update today on our Bitcoin trade. Thursday gave us a nice bullish engulfing candle, past few days have seen a bit of consolidation. But looks like USD is losing a bit of strength so we could see another push up soon. We are back into profits again but we need to see price push higher then the last high, looks to me like it will do over the next day or so. Lock in profits, close half your position if you wish. GLIYF

Were still in nice profits on Bitcoin . As you can see from most of the crypto markets it has hardly moved over the past 4/5 days. It looks like its waiting for something to kick it into life. Tomorrow might be that day with NFP on the USD. IF you are in this trade with us i would advise to take profits or close half your position and move sl to break even. As with NFP it can go either way. GLIYF

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Great post thanks mate

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btc dump… :frowning: i hope we see a recovery today or over the weekend

Today is NFP day. Looks like its highly likely it will be the catalyst for the next impulsive move on Bitcoin . Price is respecting this triangle we are in. Indecisive structure with higher lows but lower highs. Which way will it go? were still in longs on this but risk free so any way is fine. I know one thing though trade the winning direction breakout. GLIYF

Today i wanted to do a side by side of BTC and XRP. Both are against the USD, with XRP you can quite clearly see we dropped through trend. Price has tested the break and looks to be testing it again. Still in an indecisive pattern similar to BTC . Were getting higher lows but also lower highs. Something tells me were about to see a nice big movement on both. But ive been looking to sell one and buy the other. Whats your thoughts? they seem to be respecting techincals very well lately…

Just look at the squeeze on bitcoin . i love watching these type’s of patterns play out. Im still holding a small position, still bullish for me. But could go either way. But which catalyst will it be to send it crashing or mooning? Let me know your opinion on where price will head next?

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What a lovely few days we’ve had on bitcoin . As i said on the last update the patience has certainly paid off here. Currently sitting on 1000+ pips profit. More importantly new higher high has been made after the breakout. We should see a higher low made here before a nice push to the TP. If you stayed in for this long then you can hold for TP level. Ive marked out where i think we will see price settle before some more bullish movement. Seems to be wicking out already. Take profit if your happy to do so. GLIYF

Update on our Bitcoin trade today. We almost hit TP on our last push. i dont think it will be too long before we fulfill our desired TP projection. This little zone has been wicking out on the daily multiple times. Its only a matter of time now i believe. If you happy take profit here, ill be holding until TP is filled. ill update again over the weekend. GLIYF

Bitcoin has been good to us over the weekend. Looking back in on it today we can see we are getting a lovely push up on our position. Currently we are 1400+ pips in profit. From my last post i was looking for it to retest that zone before the next push and it went exactly as expected, that kind of trading is the easiest to catch for intraday, so if you stacked up on that move well done. TP not too far away now take it if you want it. GLIYF

Always nice to report when TP zone has been hit. Thats what today is. BTC had a lovely push yesterday and today it peaks into our TP zone. Hopefully you all caught the full move of 1800+ pips. Lovely return on that one. Onto the next setup looking at a couple of entry ideas. Back down to the support level and trend for another push. Or if were still v ery bullish a nice break above this resistance zone and retest for the buy there. Look out for either one, enjoy those profits. GLIYF

Were having such a great run recently. Hope it continues up i have a good bit invested in it

Well would you take a look at bitcoin . Beautiful bullish movement. If you stayed in our long position then you would of made some serious gains. I exited at our TP zone so im looking to re enter. My ideal scenario is for price to come back to test the top of that zone it broker through on the 0.382 fib level. Watch for support forming and get in. GLIYF

Back on Bitcoin today and looking at the Weekly timeframe as Bitcoin is pushing hard lately and were struggling to find a nice place to join in on the ride. But where is it going? Certainly looks like its aiming for the high of 2019 with some nice healthy candle bodies. Got a big sharp uptrend also so i would presume it will come back so we can get in on it.
Ill be looking to buy at 12K if we can, obviously too the Us elections will play a part in its movements. GLIYF

Yesterday i looked at Bitcoin on the weekly timeframe and pointed out the 2019 high. Looking back on the daily today and we can see exactly whats happened with a rejection right off that price. Weve got a very bearish engulfing candle so a clear rejection going on. Now where can we get in on the buys? ive marked out two levels i will be looking for support to orm and get in on the bullish run. Remember to wait for support to form first and then enter. GLIYF

Bitcoin is doing great as the entire Crypto market is up due to Bullish news events. Today BTC was at $12, 177. BTC is the most used crypto currency, so a rise in it can be interesting for the market.

Well the US elections are very much looking like Biden is going to win, and Bitcoin is very much enjoying a hard bull push. Almost at 15K today, but where can we get in and join the ride? Ive marked out a few levels where i hope price pulls back too. Maybe once its officially announced we might see a pull back in price. Watch for those key levels for buys and get ready for it. GLIYF

Who dares to sell? We all know Bitcoin is in a nice bull run at the moment. but surely we should see a pullback in price at some point very soon? Coule be a nice little sell down to some support before we join in on the bull fun. Let me know your thoughts below?