ontrend

ontrend

Need a break above to reclaim 53 area to return to full Bull mode. Will see what happens. until then long it and play the range back up to 49s. Lines are Volume supports for 4h, Daily, Weekly, etc. Keep your eye on your LEVELS. Cheers

ontrend

Nice 25% correction on the Ponzi. Now I am seeing a bullish triple bottom, and a slow-down in distribution. Let's try a reversal. This may only wind up being a 3-5% scalp, but think it could push back up to 37 area. ENTRY = 31750-32000 PROFIT = 35950-36900 thanks and ROLL TIDE

ontrend

Overbought, PMI, Bonds, and overblown optimism = a simple short setup. First target is 350, main target is 325 area. I see room up but nothing over 400. Cheers.

ontrend

Here are some important levels and distances from prior new highs to pullbacks, all around 15-20%, but with this particular pattern a bit stronger. Vertical dashes are measurements to highs from support and also pullback levels from highs back to support. I think we will see loads of buyers coming in at this 15500-16500 area and we will see some tension on the...

ontrend Updated 

My goal is simplicity on this one - Trend, Technical Analysis, Support Levels. Like many traders, I put too much faith in the institutional shorts in the futures trade this week and missed a perfect buying opportunity in the 13,500 area. So I'm getting back in gear here. We have reached higher highs on BTC today. In order to forecast what happens next, lets...

ontrend

Let's take a look at a lesser used form of Fibonacci - Spirals! Trend is still very bullish as everyone can see. We are testing highs again over the next few weeks. Three things can happen - consolidation through the Resistance Area, or a change up or down to the Target Area or Correction Area. All the signals are pointing to the price moving UP. My position...

ontrend

Okay I don't mean EVERYONE , but I DO mean all of you folks calling "The Bubble", which seems to be about 80% of the traders. To you I say, "No, no - we are going higher!" I put my money where my mouth is and bought BTC at my support level of 9400 yesterday circa 3:00PM CST. Look at this chart. LOOK at it. All of those fib lines hit exactly where the moves...