cmorak2

cmorak2

XRP broke it’s consolidation during the beginning of August with the most recent bitcoin plummet. It has been failing to correct back to the $.45-47 resistance levels since. The red dotted lines represent two different 2017 support lines that I feel are very accurate. I do not draw my trend lines from wick to wick or body to body, more so I look for more...

cmorak2 Updated 

My opinion, this couldn’t be a much better position for entering a LongTerm NEO position. The price level is nearly December 2018 lows and looks to be stabilizing a higher low between December 2018 and now, and also another higher low from the last dip from 10 days ago. There should be a tight stop/loss set around December 2018 lows. We should see a push out of...

cmorak2

Took a nice long week off and haven’t looked at my laptop since, and seems as the market is recovering well. Market cap increases for BTC and overall market have been nearly 30billion within a 10 day span. This shows market health after our nearest dip down to previous support levels. I am posting this short term analysis as I have noticed a complete switch...

cmorak2

The last time BTC shorts were this high, we saw a heavy short squeeze causing a drive in price by 2,000 within a week span. Could this be a huge sign of a bullish reversal? Look for confluence on volume and candlesticks for a breakout today-the end of the weekend. Let me know what you think about a possible short squeeze! This is my personal opinion, this is...

cmorak2

I have adopted a new indicator into my strategy that uses EMA’s/Stochastic/MacD, and it is the one all the way on the bottom labeled ‘btcusdshorts-btcusdlongs’.. this measures the amount of short positions and long positions within the public market and shows them with a dual linear pattern. Following the public markets opinion of btc can very much help with your...

cmorak2

Bitcoin could not hold up the gains from yesterdays spike, and came crashing back down to previous support levels. We could see a rebound off these levels of support back to the 6,450-6,500 price range but I believe we will be seeing more consolidation over the next few hours with a return overnight into the 6,500 price level. Intraday, I am following...

cmorak2

Bitcoin forming a Gartley on the daily/weekly. Price must extend fully to the 9,000-9,100 price level to complete the 1.27 extension. The Complete Gartley indicates a reversal pattern, so we can look for a heavy drop in price if D is accurate with the correct extensions. This does not mean this WILL happen, but we should look for heavy resistance around D price...

cmorak2

Bitcoin broke out of the downtrending channel a week from today and has been consolidating all week retracing and extending between the 6,220-6,620 price levels. I am anticipating another retest of support before pushing back to 6,600 price level since another lower high was made yesterday. My entry and exit are marked on the chart. Two price directions with...

cmorak2

The Eur/Usd has found previous support going back to 16/17 price area after breaking the late 2017 support of 1.155. The current price is trading at 1.152. Looking on the Weekly, price action is beginning a reversal in the current downtrend and headed back to the 125 EMA, this price level will act as heavy resistance. A close above the 125 EMA can signal...

cmorak2

1. Bitcoin can follow the bullish momentum that it's been following the last 5 years, with slow gains over the next 1-2 years, with an extreme breakout by 2022. 2. Bitcoin can not reapproach the longterm trend line, and break down over the next year or two. 3. With mainstream adoption and the adoption of blockchain, I believe Bitcoin will follow the bullish...

cmorak2 Updated 

The indicator group I use ( MacD , TRIX , Stochastic ) is showing bullish momentum, along with the last two (4hour) candlesticks showing bullish engulfing and now added buying pressure with the close on the last (4hour) candlestick fully engulfing the 8 hour period before that. We must see a close in price above the trend line which is currently around the 6,600...

cmorak2

Since 08/14 we have seen an increase in Btc cap by 4.3billion, btc has been bouncing between 6,600 resistance and 6,250 support over the last 3 days. Btc has pushed thru to 6620 but could not close above that resistance level. It has not touched the 6,250 price point in 3 days now with higher lows each day. The volume we’ve seen within the last month has been...

cmorak2

This is a strategy I've played throughout the last few months to conserve losses with Bitcoin during the downtrend waves. There is heavy inverse correlation between Bitcoin and Binance Coin. This strategy should be used with other confluence of price action and TA in order to find entry and exit points. I look for divergence on all indicators and reversal...

cmorak2

1. There is bullish momentum holding the price level above the 6,450 support level but much resistance around the 6,500 price level. 2. The daily candlestick is tempting resistance of the 55 EMA, bitcoin must close above the 55 EMA in order to keep bullish momentum. 3. If the 55 EMA is rejected and bitcoin cannot pass thru resistance levels, we can see...

cmorak2

1. Bitcoin is rejecting pushing forward as it hits the 55 EMA resistance and begins to pullback. 2. With the first shoulder starting on 08/10, BTC is forming an inverse head and shoulders pattern. 3. The head had an extension down to the 5880 price level with a pullback to the neckline around 6400-6450. 4. We need a retracement down to the 6k level and then a...

cmorak2

Bitcoin technical analysis focusing on FIB RETRACEMENT during this wedge. Bitcoin price is currently 6,573 1. Indicators showing overbought levels on the 4hour and under. The daily has indicator confluence and indicating a bullish reversal thru candlestick pattern and resistance breakouts. 2. Key resistance levels that must be broken, 6,620 and 7,160 for full...

cmorak2

I've seen a million falling wedge drawings and I'm unsure if I agree with the starting points and the formation of the wedge. I do not believe it should be drawn from BTC's highest point. This is my analysis based off the TA I've studied.. 1. Bitcoin Retesting 6k support which was broken down to 5880 earlier in the day. 2. If broken 5880 is the next level of...

cmorak2

I've seen a million falling wedge drawings and I'm unsure if I agree with the starting points and the formation of the wedge. I do not believe it should be drawn from BTC's highest point. This is my analysis based off the TA I've studied.. 1. Bitcoin Retesting 6k support which was broken down to 5880 earlier in the day. 2. If broken 5880 is the next level of...