I had my eye on this short-term support level on the Daily chart. Now a pretty interesting picture when you see it on the H4.

Trading Bitcoin with Trend lines and S/R

Another down day for BTC but the daily candles are remaining tight. Until we see one open up I don't see a trend developing either way.

BTCUSD daily price action

I don't think it is defeated quite yet. Unless it extends either in movement or in time, I think that is still a valid level. Let's see what happens...

Trading Bitcoin with Trend lines and S/R

The last good breakout we saw was Sep 24 which came after a looooong consolidation period which told me it was coming. Now here we are, a ($2,000)step lower and a similar consolidation pattern is developing. That tells me another breakout is coming ...

BTC/USD breakout strategy

Love the optimism bro! Great spin. 8k is like a magnet that we cant get away from right now though. Lots of speculation with huge moves going both ways but we are pretty confined

Is Bitcoin about to crash?

Slaughtered . We are broke the 8k mark and the short term support I had been eyeing. Where do we go from here?

BTCUSD daily price action

Broke 8k this morning! Bears dominating at the moment.

Is Bitcoin about to crash?

I'm starting to see a slight bullish trend while we are still stuck in this short-term trend. Certainly buying any dips, particularly if they touch the short-term support level I'm eyeing - currently around 8100

Trading Bitcoin with Trend lines and S/R

That 30k figure seems to be popping up quite a bit lately! I can certainly see it happening but not in the immediate future... The market seems settle in it's range currently and I think something will have to happen to prompt the breakout. Keeping ...

Is Bitcoin about to crash?

What's your call now? Seems like we are poised for another big move soon.

Is Bitcoin about to crash?

BTC seems to have found another, smaller consolidating triangle at this lower level (after breakout on Sep 24). Not much movement on the daily time-frame but some room to play on the lower TFs in the interim.

BTCUSD daily price action

30k? Maybe we could make it by taking shot-term large positions to play the bounces in the small ranges BTC keeps finding. Currently knocking around between 8k and 8.5k USD. Ambitious sure, but I think that's the only chance we have to see 30k for a ...

Trading Bitcoin with Trend lines and S/R

Tough day for the old Zuckbuck today: Visa says it won't join the Libra Association Gotta feel for him... not! I hope zuck doesn't muck this up so bad that he sets the rest of the crypto market behind even further.

Facebook Libra coin

I agree we are likely headed back to 8k but I would consider that a neutral outlook short-term since we're just bouncing in that range like you said. I guess we see it the same, just have different time considerations. Long-term I don't have much of ...

BTCUSD daily price action

Good size breakout here... Anyone have a reason for the move? It could just be that we broke that consolidating range we had been seeing

Trading Bitcoin with Trend lines and S/R

What happened? Anyone?

BTCUSD daily price action

I was listening to a stream of an Pomp's interview with Garlinghouse earlier. It was pretty much nothing in the end but it was interesting to follow along with. I think it will come out for the others soon. I generally think little-to-nothing of ...

The rise of CRYPTO - Bitcoin, LTC, Ether, Dash, Monero

I see us hugging resistance at 8,200 right now with support at 8,000. It seems poised for another significant move when it breaks that.... When will that be though?

Trading Bitcoin with Trend lines and S/R

I'm not too optimistic on BTC right now either, bud. Stay safe out there and try to improve positions where you can!

BTCUSD daily price action

Have to agree with you here! I see us consolidating in this new range hugging 8k. Trying to catch any small movements in the mean time.

Trading Bitcoin with Trend lines and S/R