Frequently when looking at setups, charts, patterns, vertical and horizontal lines we forget to KEEP IT SIMPLE. Here we only look at the 50 period SMA, that's all. It's a very good predictor of how prices will move but is often overlooked. Price has clearly fallen below it BUT look at the action....it's very similar to what happened in February and twice in...
Just my take on storage of value.
The differences are interesting.
It looks like we are more of Silver than of GOLD. Relative to crashes, but can we actually compare these.
It seems the storage of value is moving into Metals and not digits.
I could be wrong, but this does tell a grim picture for BTC, not for Blockchain but for BTC.
It is going to take...
No1. You can see chart is showing lower low and lower high, which says us price is in clear down trend. So in down trend going short is safer than going long.
No2. We can see downward parallel channel. And now price is touching high of the channel. The high probability is price can move within this channel. To move in this channel price has to drop.
No3. I have...
According to anonymous source, next week Bakkt could get approval to launch its physically-delivered Bitcoin futures product from U.S. Bakkt is an Intercontinental Exchange platform, seeking to create a “regulated ecosystem” for institutional investors. If regulators will approve the project, Bakkt will start launching Bitcoin (USD) daily futures contract for...
What a great dip, lots of profits were made and good entries were taken at 6067 XBTH19
The trend line that was created in earlier charts has picked back up this have Viacoin MAN feeling pretty bullish.
is 7400 coming?
Viacoin MAN got drunk and saw some quick lines again and charted them out, then set a new one to see if it sets a trend or acts as a resistance to break out
He fit it into his narrative pretty well
Viacoin MAN thinks that we will have a somewhat similar pattern to what he posted.
Viacoin MAN doesnt know how he feels about saying this but he thinks his chart is...
Please make the graph smaller
The time of accumulation (very little volume) has not yet begun.
We still have a lot of time for it.
See the wedge that is forming.
See the historical and make your own deductions.
Por favor haz el gráfico más pequeño
Aun no empieza la epoca de acumulacion (muy poco volumen).
Tenemos mucho tiempo aun para ello.
Vean la cuña...
I'v had many good fitting fractals these last few months, most of which I never shared because I believe the greater the number of people that believe something the less likely it is to happen (although the number of people that view my ideas is paltry, still I'm secretive anyway). Although none of this mattered because just when we approached breakout, the...
Yesterday BTC crossed SMA20, and today attacks downtrend line.
If there will be breakout, I will definitely open long and keep it until price will be close to SMA 100. My stop-loss will be at 7330 usd.
Bitcoin had a short rally after a massive 5 wave fall from 2 days ago. The break of the supporting trendline from my previous post was fulfilled by my prediction of the break being Elliott Wave 1 for a movement to the bear side. The 5 waves have been completed and were looking for the ABC pattern before finally breaking weak support...
Dear Crypto friend, fanatics, addicted, fans, lovers and haters,
quite week end for BTC, probably is time for our lovely crypto to settle and get some quite before the huge pump of end summer, who knows.
Anyway, good sings right now, after some correction, we are undersold on the hour chart and there is a very nice bullish divergence on the RSI.
The Volume is...
So, the downtrend channel was broken 2 days ago and it has found support on the EMA 200 and 50. RSI has still room to go up before reaching the overbought area.
I think it's just a matter of time that we will test the 68,5% retrace and break it also.
I don't know many of you have in your chart that was not broken, you probably are using log view.
This 4-hour chart shows that the 200EMA is acting as resistance.
1) Primary resistance is 200EMA
2) Secondary resistance is .618 FIB
3) Support is structure at .94
4) While we are down, the channel is broken
5) Consolidation trading plans should be considered by traders
6) HODL for the Noobs
7) Major resistance on the way up at .5 and .382 is expected.
Simple is best!