Recent blog posts

I am now in a small loss and think that the price will hit my stop loss.

The Bitcoin continued the sideways around $40k. I think that you are bored of my standard analysis methods. Today let's use the trend and countertrend lines in our analysis.

We can see that it formed the symmetrical triangle. This type of patterns have 2 possible scenarios

While the Bitcoin is staying at the same level let's try to understand what is going to happen globally. We can see that the BTC is forming the 5-waves Elliott

Yesterday we bought the Bitcoin at $39300 according to the strongest long signal. After that the price pumped to $41500 and now we are going to understand at which levels

You already know that I suppose that the Bitcoin is in bear market, also you know that I executed long trade at $36300 because the bounce was anticipated.

Looking at the local timeframe I suppose that there is high probability of dump next 24 hours. Why?

I thought that the potential local bottom is going to be at $37500, but the BTC hit $38300 and now is forming the reversal setup.

That is why I will not be surprised if this major resistance is going to be broken easy.