Here I explain the differences and similarities between ETH and BTC, by this analysis, we can see the recent price drop is only because there is a big up-rise just around the corner. The BTC area is a bit less clear than the ETH, and so I presenting my analysis on the ETH.
BTC has some potential good short opportunities in the small bounces that really nicely line up with fib retracements from last year (2018), before plummeting down to a much lower region in the next 2 weeks to a month which everyone should be expecting I believe that before EOY BTC could be back making its way towards yearly highs.. With bakkt having succesfully...
RSI at the bottom, does not mean it jumps out asap. it can go sideways, on this chart 6300 could be the bottom!! looking back a the last RSI bottom, this could play out. rsi has only a hand ful of times on daily in BTC history been this low
Bitcoin Breaks Down After weeks of indecision and what appeared to be a strong argument for $10K $BTC, bear pressure finally broke through the lines and took Bitcoin down hard. The carnage on the charts wasn’t limited to $BTC, however, as all the majors ($ETH, $XRP, $EOS, $XLM) took hits in the double-digits. The surprising and impossible to predict turn of...
We have Broken and Closed below the 200 DMA. We had a confirmation Daily Candle close of indecision that failed to even reach the 200 DMA for a retest. Dominance is on it's way down after finding rejection at the bottom of a channel it rode for quite some time. The Weekly has only just tapped the 100 WMA but has long lost its 20 WMA and 21 WEMA. Bakkt has came...
OK so everything has floored, rsi, stoc, but NVT is toucning the trend line. IMO, if i was a betting man i think october 4th to 7th could see some moves, how ever!! if the NVT goes below the RED trend line its not good! REMEBER FOLKS, big massive btc moves come when the NVT goes green at the bottom, have a look people need to realise futures have a big say in...
long if you are a true believer that cme fututes gaps need filling, if we are going off CME gaps, there are two unfilled if its true that bitcoin needs to fill gaps , which so far is true regardless of bitcoin maximalists refusing to say futures has a big say in Bitcoin price, Pomp, Vays will never even consider it!! Pomp uses people pension funds respect to...
XBT lost -17.82% of it's value yesterday. ETH dropped to support zone $167 perfectly bounced from lower buy zone at $151-157. After big impulse people always buying hoping for retrace. But in 90% price keep dumping and next target for ETH is $131-125. Weak reaction for pre-bottom, no continuation for pullback to $177-182 zone. We expect green option to happen...
*Quick update* It was kinda obvious, although I posted a bullish chart last week, I was primarily looking to the downside... You can check my idea "Bitcoin fractal" where I mention the similarity between BTC and LTC and in played out exactly as mentioned ( With BTC it took less time, however). The arrows illustrate my main 3 trading plans I'm looking at.
NVT is hovering on the trend line, idealy most bull runs have started when it hits the red dotted line. BUT like ive said many times, now that futures are a big part of BITCOIN its impossible for any ... ANY one to do a TA. IF TA works then IMO we need to bounce off that re dotted line, untill then it could be a slow decline if we also break below that long...
We have implied beginnings of new trend, stay safe out there and wait for the relevant pivots to form if you're not already short
Cryptomaniacs crew! Like a wearying prizefighter, BTC is doggedly remaining in the ring despite appearances of fading energy. Bitcoin, along with the rest of the cryptocurrency market, is currently amidst an unmitigated period of indecision. Then again, you cant really complain about $10K BTC. Especially when global buyers have repeatedly stood their ground to...
Cryptocurrencies took a beating overnight with the selloff attributed to a break of 9000 and the launch of the Bakkt Platform (offering physically settled Bitcoin futures unlike CME which settle to cash). The 9000 support zone break had a lot to do with the spike lower as buyers stop levels were targeted. Watch now for either bulls to come under further pressure...
Cryptocurrencies took a beating overnight with the selloff attributed to the launch of the Bakkt Platform (offering physically settled Bitcoin futures unlike CME which pay into cash). The 9000 support zone had a lot to do with the spike lower as buyers stop levels were targeted. Watch now for either bulls to come under further pain as the stop run clears the way...
Plenty of calls back a few months ago saying we will refind this area again and we have. Wait for a stable market before doing anything rash. This is typical buy the rumour selling the news of bakkt.
Success! We have hit the 200 daily EMA which we have been talking about for months! It took a while to hit but here we are! I will see how BTC reacts in the next 12-24 hours and post an updated TA on what will happen next!