Bulls seem to have taken control for the short-term but as we are making NSL's and LH's on a smaller timeframe than 1hr it is safe to assume we will continue our bearish momentum downward to either make a HL or a NSL. There is also a megaphone formation, and a harmonic shark formation. TP1, TP2 and TP3 have all been listed. (50%, 61.8%, 78.6%) If all these TPs are...
Seems bulls have lost their position in the short-term structure as we have wicked through the HL, needs to close below (aqua line) for us to have Bullish expectation failure for the short-term and back to Bearish expectation for the longer term, was expecting it to happen sooner but we retested the LH and failed to close above. Also a harmonic Shark seems to be...
Bears look to still be in control of the long-term trend downward, bulls took over the short-term for a bit; expecting break of short-term HL and then NSL for the bigger structure.
We have had a bullish expectation failure for the short-term structure upward, which means we have a bearish expectation and there is a high probability chance bears are good to reload shorts and continue shorting. Bearish expectation failure point has been listed.
Bulls may have one last chance to save it by not letting is close below $6,315, anything below that and we have a bullish expectation failure and a new bearish expectation which would mean New Structure Lows and Lower Highs. If we begin to make support above $6,315 it would be safe to go long with a S/L under that previous HL. ($6,300)
BTC did exactly as my analysis predicted - we have traced the right side of the H&S and will need to go a bit lower before the current pattern is done. Many if you probably bought some BTC between 9500 and 9600 - its been banding between these prices for a large part of the pattern. This is not a bad long position price. If you have been patiently waiting for...
BTC has been following a pretty clear H&S pattern on the USD/BTC pair. Its a little less clear on the CDN chart due to lower volumes. One of the challenges in trading CAD/BTC is having enough volume to execute your trades. I haven't seen much CAD analysis - give me a like if you care about CAD. We are going down the right side of the H&S - we may drop below...
I noticed today nobody has been charting the BTC/CAD pair regularly. The problem with the BTC/CAD pair is that it doesnt "convert" perfectly from USD to CAD and depending on the exchange you are using you might experience volume problems when buying or selling. That being said we are looking at a play of about $1000 CAD. BTC is set to slide to around the...
BTC Has confirm his 5th wave YESSS I strongly suggest you guys to wait before buying some more BTC or ANY other coins. The reason is simple... BTC Drops... And we see Blood everywhere... Please go and see my BTCUSD chart (link Below) to understand What is coming in the near future OR If you want more info, update on BTC or any other Alt Coin Join me on...
Wait till it bottoms, sell on miner load saturation line
I think if we look at higher lows since october 2015 we can clearly see slow and steady rise in bitcoins value. Market is very calm those days but overall prediction is long. I think at January 2016 we can expect price 480-500 according to this steady appreciation. If you are interested in buying bitcoin, you can do it for sure on bitstamp.net or at eToro ( ...