Posts by CryptoPatterns
BTC has held above $3500 as patterns indicated, but we’re far from seeing "bullish follow through” — yet…
Bitcoin's drop below $3500 yesterday was part of a sharp drop throughout the crypto market that may have had something to do with news about artificial price pumping in large altcoin Tron, however from a technical standpoint a fast drop for Bitcoin was also anticipated on any drop below the strong support built at $3500.
There’s been little to discuss in the crypto market over the last week, but that may be changing soon.
We’ve had some nice trades recently that had large returns in a very short time — specifically BSV and FCT, but it’s been a LONG time since ALL the safe trades we share are profitable, but that’s what happened since our last post. It’s a bullish sign that smaller and midcap cryptos are moving up — and some are moving up quickly.
You know we’re watching the crypto market like a hawk so why no trade updates on the “big” move higher?
Here are some things we’re focused on based upon the current setup
There are multiple patterns and indicators on BTC, ETH and ETC that say we might be seeing at least a bounce — and possibly more?
We didn’t have virtually any big moves in the crypto market for months, then November gave bulls a bunch of BIG MOVES they didn’t want
We’re getting close to year end and long only hedge funds and whales are likely trying to pump up profits to salvage what has been a horrible year for crypto
Get the message? There’s some bullish signs but currently no clear trading edge and until there is the edge is WITH THE BEARS.
Coinbase errrr….. BCH continues to control the market with their fork dispute.
XBT double gap pattern delivered again, but not exactly a moonshot so far
This is a time when managing risk is VITAL to your trading future.
Anybody trading crypto anymore?
We think VOLUME will be the final decision maker for the broader market to breakout to the upside or breakdown and retest or break 2018 lows.
ARE WE IN A “NEW” CRYPTO MARKET?
After a weekend of game playing, there’s a few crypto updates worth sharing.