josephcy95

josephcy95

I'm now in full position with ETH, expecting more upwards movement along with the coming london upgrade on 4th August.

josephcy95

If we're able to break above this triangle then we might have a small trend reversal.

josephcy95

Finally we broke the 31300~31800 range, with volume on 1H chart, next we will be testing 30k which I don't see it as a strong resistance, and the next would be 28k. At this moment I'm going to close a portion of my position and move my stop loss closer to current price, so anything happen I'll in profit from now on.

josephcy95

Today's the day Grayscale unlock 16k BTC, so far we haven't seen any significant volume of the day. Although we have a small breakout yesterday but the volume is small. I'm still holding my short Position with $BTC and $ETH right now, let's see if we can see bigger movement by end of today.

josephcy95

Another rejection from breaking out of current down trending channel, plus 16.24K Bitcoin ($500Mil+) being unlock in about 24 hours, I'm shorting this.

josephcy95

R1: 235 R2: 286 S1: 192 Ethereum still stay above the uptrend, just retested R1, will be able to see a small bull break within a a month.

josephcy95

Entered long position at 0.001855

josephcy95 Updated 

Entered my position a few minutes ago at around 0.64, probably going to hold this position for some time or until it hit my stop-loss.

josephcy95

Overall The price is now reaching the support range at $6000~6050, which previously took more than 5 attempts (Daily chart) to break through, now we're going to retest this support once again and see if it able to hold. For long-term investing perspective, this would be one of my buying levels, given if the price could hold after several tests and a sign of...

josephcy95

If we look at the weekly chart and look at the boom-bust cycle of Bitcoin, we can find some common such as holding up at a certain fibonacci level over the last few cycles, if we assume that's going to happen again, it will mean we could have a retracement to $6000, $5000 or even $4000, of course, it might not happen and just shoot straight up to new all-time...

josephcy95

I don't really rely much on chart pattern, as most of the time they just don't work in Bitcoin, especially pattern like ascending/descending triangle, but it's worth paying attention. Support/Resistance Currently we're seeing $7344 as a temporary support, and middle bollinger band as next support. $7500 is still acting as a resistance, we see lot of profits...

josephcy95

We have a $500 pullback after hitting $7500 yesterday, this may be the psychological level people taking profits, right now in this 15m chart we're seeing that the short-term downward trend line is broken, but what we need now is a solid bull volume confirmation, otherwise it doesn't mean it's over yet. It could also go sideways as SegWit2X fork is not far from...

josephcy95 Updated 

After a nearly $2000 bull run from the last low, we're seemed to reach the bull volume climax, and now in an equilibrium pattern. A few hundreds pullback from the last all-time high is a consolidation, which you can see it clearly on the daily and 4-hour time frame, everything still looks healthy. We are definitely still in a bullish trend, but I will not enter...

josephcy95 Updated 

Right after CME announce they'll be launching Bitcoin futures within their platform, Bitcoin gets another boost to set a new ATH at $6400, (less than 48hours from previous ATH.) It's obvious that we're now on an upward trend, and with all the big finance firms pouring in more funds, launching new products/services that make Bitcoin investment more accessible to...

josephcy95

Entered small position after the volume confirming the breakout from the bull flag on 4H Bitstamp. Now we're going to set a new ATH from previous 6180

josephcy95

I wouldn't go short now without a clear direction where the price is going, 5720 is a strong support, and below that there's multiple support there. We're still in an upward trend in a longer time frame, so I'd say it's still a healthy consolidation.

josephcy95 Updated 

Let's see if we can hold 0.236 fib, RSI almost oversold, bear volume declining, if the 0.236 level didn't break we can anticipate a bounce.

josephcy95 Updated 

We're now retesting the resistance 5721 at Bitstamp, which rejected multiple times previously. If we close above this resistance, we can watch the volume of next candle as a reference, if it's confirmed we can anticipate a new high.