Bitcorn has been Bullish since September and recent dumps have been quickly eaten up, it looks to continue on the daily. A powerful Bullish wedge break occurred last night with no signs of a re-test .
I see 780.00, 800.00 and finally 820.00 (ish) acting as resistance
0.3*BTCUSD+0.1*AMZN+0.05*F+0.1*BAC+0.1*GOOGL+0.05*TSLA+0.1*INTC+0.1*AAPL+0.1*XAGUSD, W, Long, 12 days ago
This is a simple idea I've been contemplating, specially appliccable for people using 1broker to trade, while holding BTC. If you trade with no leverage, you can afford to have things move down quite a bit before being hard stopped (losing 84% of the position's value), so this lets you keep a 'cash' savings ...
Details at chart.
Still bullish divergence which should play a little bullish at chart, sooner or later.
Still we can have in memory big potential descending triangle (expanded) with unclear (yet) lower line.
In recent days the price has moved above the 30 week (200d) EMA for the first time since the bear market began. That is, it's now above $270.
Oscillators: AO has been in the "Spring" phase of the four seasons for 11 straight weeks. Very Bullish.
Oscillators: Fisher has crossed above the midline directly from its ...
Took a new look at the pattern and I think it still is likely to play out...thoughts I'll take out a long position once it goes bellow .0085 (a couple orders are already set)...I'll reassess a larger position in a few days.
Just thought it was time to publish this update to my earlier 'Fun with Time Fibs' series. Basically it's a study of a recurring time scale pattern in the Bitcoin price structure that harks back to the beginning. According to the pattern we are fast approaching a significant turning point toward a new all time ...
Current indications are showing a potential pullback to ~$600 which conforms to a long-term support line that has been in existence for at least the past year. After this point we could see BTC making moves to a level above 2016's highs.
I will update as and when new info becomes apparent.
Feedback much ...
After a long bearish trend Monero appears to have found a bottom level around ~0.00577 which conforms to the trend line prior to the huge price spike in September, and has been starting to climb its way back up and arguably held ground particularly well during the BTC volatility during the conclusion of the USA ...
XMR will have more sideways or it will go with new leg below 0.01.
100ema test at hourly failed.
We had 3 sequences (green), now I can see possibility of 4th sequence; bounce to around 0.011 and boring sideways.
Of course if we break 0.01 with good volume, we will see new leg down (red way).
Just in case everyone forgot, here is a chart showing the results of the last hard fork. Not counting the rally the day before, ETH/BTC was up 30%.
I think we at least go to .022 but now would be our chance to break through the all time retracement of .382. If we were to rise another 30% that would put us at .025