$BTC Update 8/7/18
Hourly: Third touch on 7150 resistance. Bulls will need to keep knocking on that door if they want to break through and up to the ~7400 target
$BTC Update 8/7/18
Weekly: Remain bullish as we continue to trade above the bottom of the S/R range
Daily: Watching 2 things - iH&S playing out with 6750 neckline and looking to close above the 7150 resistance. If so, targeting ~7400
$BTC Update 8/6/18
Watching the H4 chart closely here in the final hour as a close above the 0.618 fib retracement mark would keep the hopes of a ~7300 bounce alive.
A close below and 0.618 fib becomes resistance and we range between there and ~6700 support
@Crypto_Range@Lucid_TA@Crypto_Macro I would say forget all the fancy indicators until you can nail S/R fundamentals and then and only then start to apply other indicators (along with the basic understanding of them) and start to connect the dots as it applies to S/R levels
$BTC Update 8/5/18
While the weekly close may look ugly ("bearish engulfing"), the fact that we closed above the Resistance-turned-Support is BIG. I am cautiously optimistic and will be looking for a bounce to ~7280 once we clear the LTF resistance at ~7060
$BTC Update 8/5/18
Brief support found on the 0.618 fib retrace line. Looking for a bounce back into the 0.5 fib before the leg down to the 5800 range. Currently looking to get out of a long in the low 7k range on the bounce and then short entry around 0.5 fib
@HonestlyCrypto I'm trying to share my journey as I grow and evolve as a trader on mex. BTC maximalist here so trading BTC mostly, have shitcoins but try and stay away for the most point. I think I create some solid charts using fundamentals :)
$BTC: Wasn't pretty but bounced back into support range as expected. Didn't hold within the range long enough for my liking and now the 4H tf shows a bear pennant. Something to keep an eye on.
$BTC update:
With the bounce on the hourly I've averaged into my 7775 position. Full position avg now stands at 7689. Looking for a bounce back into demand zone.
$BTC Update 8/1/18
Here's what I'll be watching today. Descending triangle on the lower tf's (1H) breaking into the upper supply zone range. Will be looking to potentially offload some of my 7775 long that I got caught with yesterday. Will re-eval as pattern takes shape
$BTC: Absolute battle going on at the 7,000 resistance mark. Though something to keep in mind this is really the first time testing this level since we crossed it on 7/24 @CryptoCred wouldnt you say this is a high probability retest?