The Question everyone is asking: Where from here and what is the approach to take?
Note: I have a number of people I watch and listen to, to come to these conclusions.
I like to get many good TA's perspective before making up my mind.
A number of observations:
> The price hung around and above the sloping support (refer to the fib fan lines (value 2/1) with no...
Just giving a quick updated chart on us breaking the 0.382 level. Right now on the 1H it looks like our RSI is curling out of the oversoold zone, the last time we did that it bounced out of the $10,500 range back up to $12,400 - but who knows what will happen as we get near to the psychological levels of $10,000. Our next stop on the way down is $10,665 so let's...
Hello to all watching my charts
A nice situation we can follow here in these Pair
As everybody knows Bitcoin had made an enouros Rally up to 13500
which has been an overheating as we do see now.
Broke 4 supports (i have only marked 2 of them in black lines)
and the pair is now short since yesterday mornin.
But at the Level of 10600 buyers seems to set up an...
Let me start of by saying I hope you got unscathed from the 15% dump. It was cruel move, hence why its important to place stop limits (update regularly) especially when we make parabolic climbs.
Some background information as to explain this forecast:
> Lessons learnt from the Nov. 2017 BTC up trend, where a major correction took place (23
Reference for Nov....
BITSTAMP:BTCUSD
Since the recent analysis: "BTC shows first bullish sign after 500 days", BTC had a good up move last week that broke out all strong resistances between $6000 and $7000.
BTC's momentum is still strong, as pointed out by weekly RSI reaching overbought area. Next week the MACD signal line may enter positive zone, there will be another bullish sign...
24-Jun COINBASE:BTCUSD
Investing strategies by pretiming
Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk
Supply-Demand(S&D) strength Trend Analysis: About to begin an adjustment trend as a upward trend gradually gives way to a slowdown in rises and falling...
Cleaner chart of previous posting (got rid of arrows and old notes)
Does anyone have a roadmap like this???
Buy anytime we are near the PURPLE DOTTED LINE. In fact, if you believe in bitcoin , DCA (dollar cost average) on the way up and now! Anything below the purple value line is a spring/shakeout.
By my estimates and how the parabolic ascents of support and...
Hey there guys my crystal ball says that we could see a possible correction around the 10k-10.2k levels towards 7.5-7.7k range so becarefull! could short btc 10.1 SL 10.350 low leverage goodluck :)
BTC is on weak support at $9,225, currently forming a hammer candlestick. However, for the BTC to go higher, the $9350-9400 zone must be crossed.
So there is 3 possibilities :
1) BTC bounce on $9,225 and break the $9,400 ==> target the $9,800-10,000
2) Breakout of $9,225 then bounce on oblique support ==> Target $9,400 then $9,800-10,000 if the resistance...
Just updating the chart from the previous DRAFT (link > )
Overall Conclusion:
I'll keep this short as its late where I am.
We are not done yet and more highs to come.
Below are snapshots from different perspectives that will replace my commentary for now.
Cheers
SS
HRLY Chart
Current (possible) formation, bullish.
CUP still in play
4 HRLY Chart
DAILY...
Someone mentioned that this was similar to the setup around 5k so i investigated and made a chart very similar to the pattern hoping it shows light to the future. who knows, something something financial advisor.
Taking into consideration the recent news that Binance will be suspending trading for US citizens, many alts have dumped considerably
Not to mention we already warned in the last update that altcoins look BAD and that we won't be posting many signals for them and to look for LOW BIDS if you'll be entering
Our gut-feeling was right as proper Technical Analysis...
BTC has been on a long rally for a while with strong momentum pushing the price past all major and minor resistance. and as we approach the 10k resistance, will BTC be able to push pass this psychological resistance?
Price is currently forming a Rising wedge with a Bearish Divergence on the MACD but I am still expecting a push up to $9400/9600 zone where volume...
Let's see a fresh idea how the market of BTCUSD may move from here for the bullish and the bearish scenario.
The chart I am using for this occasion is 1D where we can watch a triangle pattern forming and closing up to it's pick at 9500$. The picks of triangles (almost) :) never are tested instead it breaks earlier either way. So my first assumption is that this...
