Vikinsa's Crypto Journal

Crypto (BTC,ETH)

All trades, systems, strategies are for my personal use only. I do not intend to give any kind of investment or financial advice of any sort. I use this thread only to log my analysis, planning, execution and results of trades. If you seek any value out of my posts, you are most welcome but please do so only educational purposes.

https://www.tradingview.com/u/vikinsa/

My Strategy Discussion: https://www.forexfactory.com/showthread.php?p=12678892

AUDUSD Trade Analysis Journal: https://www.forexfactory.com/showthread.php?t=970850
EURUSD Trade Analysis Journal: https://www.forexfactory.com/showthread.php?t=970846
GBPUSD Trade Analysis Journal: https://www.forexfactory.com/showthread.php?t=970847
USDCAD Trade Analysis Journal: https://www.forexfactory.com/showthread.php?t=970851
USDJPY Trade Analysis Journal: https://www.forexfactory.com/showthread.php?t=970848
GOLD Trade Analysis Journal: https://www.metalsmine.com/showthread.php?t=971472

BTCUSD (Bitcoin) Weekly Analysis and Forecast:

https://www.tradingview.com/chart/GB...ched-Long-Now/

Bitcoin moved higher as I predicted and has hit the first profit target. It is now at a critical price level which can decide it future direction.

BTCUSD Bitcoin has been a very slow mover. Since the completion of a harmonic pattern few weeks ago, it has not been moving much. However it is still trying to acquiring long profit target.

Bit coin has been moving upwards as I predicted few weeks ago. Now it is very close to its first profit target level. So we need to be careful. My trading plan covers it from all the angles and here it is.

Bit coin profit target hit:

Traders, bit coin is till bearish/consolidating. Ethereum has given us several good trades from the same zone. Ripple is moving as expected.

[COLOR=rgba(0, 0, 0, 0.87)]BTCUSD Has completed a bearish W pattern on an important level. That can push the price down but at the same time if it breaks through that level then we can expect a higher move to the next level indicated by arrows.[/color]

Bitcoin broke-out of an important level but again struggled with 12000 level. There has been a lot of profit taking. Bit coin had a history of fake breakouts so we need to see a proper retest before make a decision. In this multi time frame analysis we see what we have for us in the next week and month on this cryptocurrency.

Bitcoin has completed a big bearish FCP pattern which has potential to make it fall. On Weekly timeframe we also see a bearish engulfing pin bar confirming that.

Bitcoin before



Bitcoin now

This FCP ( Fibonacci Confluence Zone) has 3 different important factors in it. This FCP Zone is something to watch out for. Remember anything can happen in the market so always wait for a confirmation before taking any trades. If it starts to fall around this zone we have 2 possible fibonacci confluence based targets to watch out for to start with.

P.S. (This is for education only. Not a financial advice or signal.)

https://www.tradingview.com/chart/BT...tion-Reversal/

Traders, Truth is Bitcoin has been in a parabolic move but it is no there any more. that Parabolic move is now broken. Everything comes to an end. The move has come to an end and now it is time for a correction. The fall was an initial reaction and not a correction as per-se. For a healthy correction and for it move to new heights, it needs to stay at the corrected levels for some time, consolidate and then move upwards or downwards.
There are huge arguments on what could happen with the bitcoin . When an instrument starts to move in one direction new figures, estimates, arguments, analysis and claims start to fly. Social media and main stream media start to cover that and largely speak in the direction of the move after the fact. This is because they do not want to get it wrong to save their reputations. So trust your judgement and analysis. Always think alternatively.
In this #bitcoinforecast and #bitcoinanalysis lets see what opportunities we have on #BTCUSD.
So these are the levels that you should be watching on BTCUSD .

Stay safe and Trade well
-Vik

Traders, Against all media reports, social influencers, media reports, we followed our analysis and stuck to the plan of trading what we see. Bitcoin was setting up for a downfall which was quite evident on the charts and we have been following, planning and trading it for weeks now. This bitcoin crash is of no surprise to use but simply a downfall to hit our bearish targets. In this time line video we will revisit how to anticipated, analysed and used Wyckoff Distribution And Our FCP Technical Analysis to predict and trade.