Weekly Wrap Up Bull Scenario (DAILY CHART) - Bulls continue to hold these levels around $7040 - RSI is just under 60. Lots of room to move. - MACD has flipped Bullish - 12 and 26 EMA have crossed-over. Bear Scenario - Bears would need to hold $7175. - Additionally, Bears would need to sell and break the 12 and 26 EMA. What I'm doing - I made two trades this...
BITFINEX:BTCUSD Past Trend Bitcoin has hit my last price target of $7127.80, 48 hours ago and is currently reconsolidating price action. It is clear that the crypto market had bottomed on the 13th of August 2018 and is ramping up for a complete market reversal to the bullish side, stemming in early to mid-September 2018. We are currently in wave 4 of Elliott...
BITFINEX:BTCUSD Past Trend Bitcoin has moved clear of bearish sentiment earlier in the week, however, is finding difficulty passing on up through the resistance ceiling of $6780. Bitcoin is still sitting above the 3 moving average periods of 25,50 & 100, which is a good indication that the bear run has concluded and we are now in a sideways market which could...
I'm still thinking this channel bitcoin has been trading ever since it started trading pretty much, holds its ground and will remain valid unless we break down from 5,000. As you can see, by the end of October, support in the channel is around that price, we can of course touch it in a fast dip, but if it breaks down that channel it means serious trouble. One that...
Whereas the previous failed rallies were only fueled by short squeezes the previous few have been directly caused by them. We can see the same trend repeating again as shorters are again still at all time high levels with what I assume to be short positions trapped underwater as we climbed very slowly to our current level around 6700, I'm watching for the domino...
Bitcoin shorts on bitfinex are approaching their all time high, what does this mean for the price of btc??? I think we are going to have yet another short purge. I expect a big green dildo to 6,620 at least. Not your normal fractal, but trading against human phycology is an indicator on its own. Like do the opposite of what cnbc says do lol. If you follow the...
BITFINEX:BTCUSD Past Trend Bitcoin has finally passed through the bearish market and is now in the clear for a bull run, the entire crypto market as of now is seeing green across the board for the second time within a 7 day time frame. Bitcoin has also crossed all 3 moving average time frames that which I typically use (25,50 & 100 periods). This is all...
My last posted chart on this subject was July 29 Will the next yellow arrow move be down another leg (continuation) ? Do we have to wait for the signal line to turn up first (will create a vertical red line when it does). You'll notice that since my last posting I've added a purple volatility box prior to the day of the signal line turning negative (purple...
Hello Guys, this analysis is very daring, however, we need to think about this pattern. We can see a Head and Shoulders Continuation Pattern. What means that? We are in a downtrend and a normal H&S confirmes the downtrend. A bearish continuation. I drew the neckline between the low from the 12th of July and the 14th of August. The left shoulder has it´s high...
This is a new update. I've now added all the volatility boxes of consecutive Williams fractal lows (blue box) and highs (pink box) to the chart. For the last pink box, the two consecutive Williams fractal highs have not confirmed yet - will remove it if result turns out different. My reason for adding more to the chart is because it can't be ignored that...
As you can see the price has respected both support and resistance lines in the past, we will be keeping a close eye on this trade as it could provide a big pip count. Entry, TP and SL will be provided for our clients once the trade becomes valid. If you are interested in joining us then message us.
BTC bounced up through the EMAs on the lower hourly time frames, but we are still in the woods. As you can see from the last trend, we tested the EMAs at least 5 times on the last descent with little traction before we resumed a positive uptrend. Many traders have been calling for bull flags and similar upward movements, but I think we need more time. We are also...
Hello, dear friends! Bitcoin shows heavy resistance at 6600 and 6800 . On other hand we have higher lows, with demand/support zone at 6200. On the left screen 1h chart, price stays above MA200 - which is bullish signal for us, lets take a look at history: July April February November September and many others times... But when it comes to ...
The idea has worked three times in 2018. Don't ask me why. Currently the Bollinger Band is registering $6,884 for the next Williams Fractal high. I expect it will change in tandem with whatever the future price is as it approaches its target. Will the success of the idea repeat? Make sure the Bollinger remains within range of the previous three targets otherwise...
BTC appears to be following my projected (temporary) move to the upside. However there are still no indications of trend reversal. If the price breaks through the previous resistance price (purple line) there might be further movement to the upside. For now I'm expecting a reversal to the downside before or from the previous resistance line. This analysis is for...
My current interest in this chart (and there are many) is trading the set up of an arrow and volation of its preceeding Williams Fractal (note that violation occurs when weekly close violates the wick - works best that way, and I've marked such areas out with a black square background and yellow border). I've provided a key to all the charts components below. This...
BTCUSD Bitcoin short term idea. Breakout of the support at $6900 in the next 24 hours, with price accelerating towards $6700. This is a short term trade, in line with the long term bearish outlook.