This chart is Heiken Ashi with SCMR Trends. Long/Buy entry is at a break above the potential bullish reversal candle (blue) with stops below previous candle low. Once the trade is underway, if price action prints a neutral (gray), stops should be moved up to the low of that candle to reduce risk. I might also consider moving stops up to structure around 240 if we...
We are approaching a conclusion for the battle over the 200's, and if I had a crystal ball, I could tell you how this will end. But, until that tech is available, all I can do is entertain you with my bold pontifications of the future... So much going on across so many time frames, where does one begin to filter out and isolate the important information in all...
As forecast last week, price is set into motion, jumping towards probability levels: 1 - High = 260.00 2 - Moderate = 270.50 and 3 - Low = 285.22 Background geometry acting as the principal engine. The larger picture remains under bears control (see prior analysis here: ) David Alcindor Predictive Analysis & Forecasting Denver, Colorado -...
Details explained on the chart. (It looks overloaded, but zoom in for more detail on wave counts) I expect wave 3 to finish somewhere around 210. Not below 200. Price should break below 200 during wave 5, but not before.
As you can see yesterday it formed A bullish harami, so expect BTC will go up.. I'm not pro in here but the there is a harami already, saying that " Hey I'm going up =D ( Bullish ) "
We are still good in following our roadmap for longer term based on daily chart of BTC which I published nearly just over a month ago. Since then as many of you already know, I have been sharing my shorter term updates charts in the Bitcoin Chat. It is possible that we might have already topped for what might be wave 4 shown in our roadmap chart which in Finex...
By taking into account several fib extensions based on those multiple impulses which we had during last 3 months it seems like if we're going to break 300 then it will probably be rejected around 340+/-5 and will try to go back to test 300ish as a support level. The peak at ~340 will form a new ascending triangle which will(hopefully) be broken by a new "hey guys...
There is noticeable difference between a BITFINEX and a BITSTAMP 4h chart. Bitfinex: triple top is flat wave 1 does not overlap wave 4 (blending the 2 exchanges price does not overlap therefore, I consider this a valid 5 wave count) see user chessnut's 4h BITSTAMP chart linked in related ideas below Divergences on RSI and Stochastic suggests the bullish...
We've had a Crab pattern (grey pattern) complete nicely at the 293 level. I'm looking for a retracement to the 0.618 area around 255-260 before moving higher to the 300-330 region. We also had a Bat pattern completion (just short of the 0.886XA but I'm counting it anyway as most would shadow the level rather than aim for a direct hit) which resulted in a 0.50...
Market is driven by all the People who dont know where to stand on low volume. My Personal view says that it'S more probably that we breakdown(but thats just an oppinion). My chart says "be neutral and wait for an breaktout" and thats what i will do.
As you can see in the chart, this whole down leg (from mid November) has been a sequence of break support, make lower low, retest breakout level (support turned resistance), break support etc. You can see in the chart where each retest has occurred and we are now at that level again. We are also ~$10 off the 10 November 2013 low. To me this says we should see a...
We've had a strong bear run, but it's over. Bears will take a breath or two while we retrace some steps and touch base with some moving averages.
Looking at the indicators that I use and the chart for Bitcoin I am still bearish and don't think the bottom is in. However I expect some kind of bounce of the $210-200 level. There are a few reason for this but the main ones are the RSI i s nearing resistance on the multi month trendline down. Also MACD is extremely oversold and there is a pocket on the volume...
Here is the link about where &why I shorted. it's a picture uploadenfoto.nl
USE MAKE IT MINE PLEASE TO SEE IT BETTER WITH ZOOM AND SHIT 1hour chart is a good balance between the slow but reliability of the daily and the fast pace of the 5min trade. Charting Theory says, opn a fib reverse you short on the 61.8%. Which just happed on Finex. Based on human emotion, everyoner thought we're gonna go down, so everyone was short. Since...
Three months ago I published an idea (see: Related ideas) which is still very possible. I added more bad news that I googled. I updated the bats to be more precise, but my prediction of C in the second bat was perfect. Let's see what about D. Have a look in RSI - it looks very bullish (yellow lines). We shouldn't have much to worry about.
the chart is self-explainable. Check out the other updates of my most successful Bitcoin analysis.