As you can see from the chart, BTC has formed a double top! Which in this case I would call a double-top reversal. This is because we have already broken the neckline at 7538, which serves as confirmation. Now even though it appears we are moving up at this moment. I would be hesitant to say that this is the end of the correction. If you google double top...
Last afternoon, BTC broke the neckline of a double bottom. This is a very good sign for BTC, as it means the bottom may be in... for now. After further analysis, it appears we have formed a bullish pennant and a possible ascending triangle just above the previous neckline. This is a very common consolidation phase after breaking above a neckline. Therefore...
We have experienced 40% drop twice, the first one took 36 bars, the second one took almost half that due to China Banning Bitcoin news and Jimie Dimon's comment which obviously is abnormal and technically we should apply some adjustment on that. As of now I am assuming that we will see the price plummets to 4400~4700 range with correctional Elliot wave ABC count. ...
During Bitcoins last retracement, the .5 fib level failed to break. Eventually leading us to the large leg up that we just witnessed. This was a very bullish move for BTC, as the downward trendine was now broken, and we have formed a higher high. Short term I am very BULLISH . I expect us to retest the top of the long term channel once again. However, I believe...
Once again we have a possible harmonic! If you followed me through my previous post you saw the completion of a smaller ABCD pattern which ended at point B of the smaller triangle. That then resulted in a push all the way up to 5900 area. So as long as we do not push past the $6020 mark, we have a set-up for another ABCD pattern! My plan of action: IF we fall...
Watch out, as history tends to repeat itself. I'm BULL until proven otherwise. DISCLAIMER: Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
BTC has once again tested the top of its upward channel. As history tends to repeat itself, one must think we will see some sort of retracement at this level. However, during BTC's bull run in August, the bulls were actually able to push through the upward channel momentarily. This caused us to form the extended channel that we are now in. Meaning it is quite...
Stratis MasterNodes confirmed to be released and collecting fees in the next few weeks via interview with C.E.O. Chris Trew. Masternodes will provide anonymous transactions for Bitcoin in a decentralized, scalable, and trustless manner, while also rewarding Stratis Masternode holders between a 1-3% transaction fee for all Bitcoins tumbled. As of today there are no...
As I am writing this, BTC is nearing the ATH that so many of us have been anticipating. However I am unsure that the market is ready to sustain these new high levels. Now before I go any further I want to mention that this is only a theory of mine. Based entirely on my thoughts and understanding of the current market. It is nothing but an idea, that is right...
Bull mania is over. United we stop this liquidation frenzy. Top 2 Bitcoin Bear trade to start now (Best since 2010 may be who entered >$4900)
LIinear Scale Chart Candle Pattern Bearish Reversal Pattern Evening Star -------------------------------------------------- AB=CD Pattern -------------------------------------------------- XABCD Pattern Bullish Pattern PRZ Support Level -------------------------------------------------- Resistance Level -------------------------------------------------- Down...
As many of you already know that BTCUSD has broken out of it's short term trendline. Generally this is an amazing signal for reversal, however, I am not convinced yet. False breakouts are one of the oldest tricks in the books. Market Makers use these to trick small fish into creating impulse positions, driving the price up or down and the volume up. The Market...
Over the recent days BTC has recovered nicely since our last dip to under $3,000. Many people believe that the bear trend is over, and the next stop is an ATH. However, I'm not entirely convinced yet. I believe that this market has been driven primarily by emotions the last couple days. Hence the massive selloff to under $3000, and then the instant panic buyback...
As you all know BTC just took a massive hit, driving it all the way down to my previous target of $3850. Many people are panicking at this point, however, I see this as a possible long opportunity. Here are my reasons why: The chart above shows a beautiful Gartley pattern, which IF holds true, we should see upward movement here soon. The ABCD pattern that I...
As you all can tell BTC has been very bullish over the last 24 hours. Slowing pushing its way upward to the .618 fib. However, buying into the .618 fib level is rarely a good idea. This is because the .618 fib is often a retracement point for a trend and as you can see, BTC is struggling to break this level. This indicates that an harmonic ABCD pattern may be...
BTCUSD/ Bitcoin 1. We have to wait. Buy Support Level 2. Elliott Wave 3 r d Wave Extension Impulse Wave 3. Corrective Wave (Zig zag Pattern) 4. Head and Shoulder Pattern 5. Fibonacci Support & Resistance Level POLONIEX:BTCUSDT BITFINEX:BTCUSD COINBASE:BTCUSD BITSTAMP:BTCUSD