Major SUpport level is broken on Daily chart .. Also multiple testing of the trendlines Confirms that the market is weak and wants to go lower Not a fan of BTC.. Just showing my analysis that BTC can sell off if trendline is broken.. targets will be the next daily S1 and S2 support levels.. Dont forget to like and share GOOD LUCK TRADE GREEN
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Approaching Trendline
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Smoothly going like we thought it would. It is unable to break past the daily resistance level. There might be a break downward in the upcoming days!
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A big fall on btc. This went according to our analysis!
bringing too much FX to crypto.
Lack of liquidity, and latency for botting has a massive affect in regards to over correction and over extension. We don't have the ability here to have HFT.
Now Bitmex gets us close(in regards to HFT, really just LFT x2), sometimes when it's not overloading, but it only does overload due to massive liquidity modeling, so the worst essentially.
Now that being said, because of the typical 200-500ms latency, we see the enormous wicks that "break support" or resistance.
Personally I would add a .236 on both ends, and trad pivots kind of tell the same story though.
^^^ Legible chart.
^^ giant mess i look at everyday. (ignore the ghosting, had that as target awhile back, havent removed yet. was a bit early on the move)
@weslad I can't imagine why you would be using Bitstamp as an example. considering it's low volume. CB I understand, Finex I also understand, Bot Latency on Bitstamp is one of the worst though. While I don't disagree with the overall trend of your assessment, I likely would sell there as well, or take atleast 50% off the table, simply due to same reasoning, and wait to if we break pattern.
Granted, I never post so what do I know :)
Tirin
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200-500ms during high volume periods***
dralerte
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Sounds like wishful thinking.
Accumulation bots are now activate.
I can pretty much guarentee another major move to the upside before heading down.
Shorts are also dying off.
So..Short this from this level, and you will poop your shorts for sure.
You've been warned.
SwissView
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BTC FOMO debunked
This are the facts - and nothing else matter. Bitcoin ist just tradet in Korea by Korean Traders (or wash trading) by 39,91% and by Tether (Crypto Community or Washtrading) by 45%. Except this almost no one on this planet cares anymore about Bitcoin. Direct commercial sales are down by 85% since December 2o17 and direct (cross border) transactions are down 85% as well.
@SwissView, hardly matters because people are motivated by greed. One quick pump and some cnbc news will drive the masses right back into thinking... 'this time, I am going to get it right!'
Then... dump.
pkb6698
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Hi, long time no see. I want to get advice from many chartists.
This is my personal opinion, concluding summary of the things below.
Futures(CME, CBOE) Expiration Date, 50days Pattern, Comparison with 2014
Where do you think is the most likely position for BTC to rebound?
pkb6698
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Your analysis is great!!! you exactly predict the future!!
Both Coin Cap and Bitcoin arrived at bottom of triangular convergence.
Now, Can I expect that the drop is over?
What do you think about this? I want to hear your opinion.
Lack of liquidity, and latency for botting has a massive affect in regards to over correction and over extension. We don't have the ability here to have HFT.
Now Bitmex gets us close(in regards to HFT, really just LFT x2), sometimes when it's not overloading, but it only does overload due to massive liquidity modeling, so the worst essentially.
Now that being said, because of the typical 200-500ms latency, we see the enormous wicks that "break support" or resistance.
Personally I would add a .236 on both ends, and trad pivots kind of tell the same story though.
^^^ Legible chart.
^^ giant mess i look at everyday. (ignore the ghosting, had that as target awhile back, havent removed yet. was a bit early on the move)
@weslad
I can't imagine why you would be using Bitstamp as an example. considering it's low volume. CB I understand, Finex I also understand, Bot Latency on Bitstamp is one of the worst though. While I don't disagree with the overall trend of your assessment, I likely would sell there as well, or take atleast 50% off the table, simply due to same reasoning, and wait to if we break pattern.
Granted, I never post so what do I know :)