New 2019 Bitcoin High’s?
Sydney! I will be with you next weekend in our first ever 2-day trading education event and I can’t wait. A couple of spots still available so get in fast or miss out!
The weekly chart has set up what I have been hoping to see. Now what we need to see is a break and some confirmed direction leading into the new week. This weekly chart will dictate a lot of my trading this week so be aware.
G’day everybody, hope you’re well? Look, wanted to give you a little bit of an update. Last, well the weekend is gone I went and did some wonderful fishing. Didn’t look at the markets at all. Basically took a weekend off because this weekend, as in the weekend coming up, the 26th and 27th, I will be presenting my first two day in-classroom event in Sydney. First one I’ve done for I think about nine years. So I’m very excited. Very much looking forward to sitting down with you guys, walking you through it, answering any questions, getting to meet you properly and spending two full days teaching you about how to trade these crypto-markets. So I’m pretty stoked, pretty excited. Finally got all the content done, the reworks, the bits and pieces I wanted to add, so it’s looking fantastic and I can’t wait to see you. Now if you are in Sydney and you’re free this weekend just come along, I think we’ve got five spots left or six, something like that. We’re very close to the 50 capacity. I haven’t got the exact number in front of me but I know we are very close to the 50 capacity. There are still some spots left though so we’d love to see you come along. After that we’ll be going to Brisbane, from Brisbane to Melbourne, Adelaide, Perth and Tasmania. So if you’re in any of those cities guys, get yourself ready, get yourself booked up, because Brisbane and Melbourne are very well booked up as well so don’t miss out. Anyway let’s get on have a look at what the charts done over the weekend. Bullish can on here on Bitcoin on the weekly. It needs to break the high that came off to see a good continuation. I’m really waiting for that this week to see if we can get above that level. If we can, then really it would suggest to me that we’re likely to see the continuation to the upside there on Bitcoin as it stands right now, because right, it’s had nearly a 34% pullback, and I’m saying, based on this chart. Oh, wrong one. Based on this chart, where I wrote it all in, you’ll note all these pullbacks. These are being 35.75 I think is the average. Now, although it didn’t hit the average, it got right, right, right back in there. So, pretty ugly on the daily, not really looking for any shorts here just yet. Nothing really on the four hour either. Happy to be sort of sitting back, and just waiting for a bit of a sign I guess. A bit of consistency in the market. And a bit of a good, a good bit of trending as well. So let’s have a look at the quick, a quick flick-through of the top 10, see if there’s anything else here. Yes, Ethereum is back up into that cradle zone. Yes, it’s in the great down-trend here. Yes, however, I’d like to see it pull back in a little bit more. It doesn’t look all that great on the four hour or any of these timeframes as you step up, so happy to leave that for the time being. Eos as well. It’s back in that cradle zone, as you’ll note here. You know, the last time we had that little bearish candle in the cradle zone we did see a very steep drop. Will we see something similar again? We’ll be back up into the region of that zone. Have to wait and see. Again, for me, if it breaks down through here, lower high, lower low, then I wanna see some continuation of these trends.
I don’t need to be on the first row, I’m happy to sit back and wait for the time being, whilst we wait and see what the greater market wants to do. Still a lumens right now, as you can see it’s pulled back up into this cradle zone. On the daily, not a great deal going on. They can’t short that anyway. XRPs bounced quite nicely off of the old support level. Look at this, support one, two, three, bang, bang, bang. It’s bounced each time. Does that mean we’re gonna get back to the top? I don’t know, we’ll have to wait and see. It just means for me right now, it is in a down trend but there is support there, okay. Not a lot, not a great deal for me to be doing right now. Litecoin, very similar to that of Bitcoin, except that it has a bigger extended fall. If we look at this, it’s probably back into about a 61.8 by the looks. Yeah, somewhere close to that. It’s kinda having a hard time around $100 right now. Again, there’s really no set-up there, there’s no trade for me at this moment in time, even if I jump to the two day. What you’ll note is that it’s not perfect, you know. It’s a market to wait for once again. There’s been a bit of patience required over the last few days. Today is also going to be requiring of patience. Look at this, we break down through this level, there’ll be a lower high and a lower low. I’m just gonna wait. Bitcoin Cash again, look it’s back into a really good spot in the daily here, if you see that here, look old resistance to became support and now it’s becoming resistance again. Beautiful spot to pull back to for a continuation to the downside. Just no trades right now. And again, there is an up trend on that four hour. I’m gonna have to wait. Binance as well. Look it’s just sort of bounced, sort of a bit of a bounce off this $24 mark up to 30, 31. Right now for me again, I gotta say it, there’s just nothing in, in play, on play there.
On the weekly here, yes it’s pulled back in, again very similar to that of Bitcoin. If we break the high this weekly, then yeah, I can certainly see further upside. But for the time being, until that has occurred, I’m just gonna be cautiously waiting to see if there’s any opportunities that present themselves. Toron the same. Big bounce on Toron, but back into a very sticky little spot there. Again, the four, it’s lost some of that simplicity, I’m not interested there. And finally Cardano. You’ll have a look here on the daily. This is actually a beautiful pull back in. The problem I’ve got is that the candle is a little bit big. If the close of the candle was the low of the candle and my stock was to go something like here, that would be okay for now, I wouldn’t mind doing that. For the time being though I’m kinda happy to leave that. I’m really in no, no position right now to, to dive in. I’m really happy to wait for a good opportunity. I had two loosing trades last week, and I haven’t had that for quite a while. And they were two in a row, so they were the only two trades I’ve had, first time in quite a while that have been down on the week. So for me, I’m just waiting for the perfect, flawless, stand-out trade. Not to say there weren’t some good trades available last week. It’s just that when one of those best times were there, I was actually at an event so, yeah. These things happen. I’m being patient, I’m being cautious, and I’m gonna be taking it pretty easy this week, getting ready for the course on the weekend. Get along, guys. Sydney, 26th and 27th of this month, which is literally the weekend coming. If you are considering coming, stop considering it cause you’re gonna miss out on your spot if you don’t get in quick. Look forward to seeing you there, guys. And for those of you who are in other parts of the country, get on and get yourself booked before they’re all gone. Take it easy, bye for now.
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