No-trading zone for me, I will simply wait for a breakout, considering this could be solved sideways, downwards and upwards. What I would wish for is a weekly candleclose tomorrow night above the historically important weekly EMA200 which is currently our strongest support. If we close underneath by next week´s sunday close (capitulation in a big wick down to...
people dont care for the technology really./ - "fact" A wild goose chase. Nothing more. This almost most accurate representation of previous Historical Pump&Dump take the levels with a salt of grain. nobody really knows shit.But we cant even tell whats going to happen in this moment in time how the fuk are we supposed to predict the future. TA only works cause...
It's been exactly a year since I got into this market, and it's been quite an adventure. I've learned a lot about myself, psychology, and market behavior. It hasn't been easy. However, a year of my life has gone, and I'm not really comfortable with losing any more of my life to observing this market. So, this will be my final analysis until I see fit to return,...
No need to Panic if you are a Hodler for the long term. This is Capitulation!
Bitcoin fell to new lows as I'm sure everyone frantically knows and my previous trade was stopped out. In hindsight I should not have been using Bitfinex charts. The discrepancy between exchanges makes for inaccurate TA so I'll be sticking to Coinbase for my market direction until there's parity again. Not all bad news though, we may have had the capitulation we...
Will the bears hibernate this winter? Obviously, there has been a lot of comparisons between the 2014 and 2018 Bitcoin bear markets. While the fractals haven't been identical, I think we are somewhere in the red box and will soon start the final capitulation dump. Currently, we're at the end of a massive descending triangle, which break to the downside 70% of the...
Here's another Bitcoin Macro Analysis: 1. D1 BB is max squeezed since the start of 2018 - high volatility major move soon (up or down) 2. volume is consolidating/declining - end of correction soon (move up or down) 3. some alts are starting to pump: XRP, BCH, LTC (both bullish or bearish) 4. shorts have declined from the record highs 40000 but are rising again...
Bitcoin is in a bullish pennant and we have RSI hidden bullish divergence on the 4 hour chart. BTC has found support at $6560 (0.618 fib) and we will probably have some sideways action until we have a breakout to the upside within the next day. Volume has been dropping steadily so expecting capitulation once we get closer to our pennant support. The break out...
Look at chart. The perma bulls that are going to get slaughtered are going to say short squeeze once shorts reopen at at 6900/7000 after the market makers absorb all the liquidity from 5950 upward and fill their shorts at 6900/7000. Since everyone has a potential 6900 target they will break 7k making a fake breakout appear to the upside only to absorb all your...
Bitcoin’s support zone between $6500 and $5750 has been under ceaseless attack throughout 2018 and on each occasion the buyers have come in to firm up the price, but are the cracks starting to widen? After a hard sell-off at the beginning of the month of September, Bitcoin's critical support zone (orange area) was once again tested and once again it held. This...
BTC has continued to exhibit bearish behavior over the past week, unable to close above $6540 and is now flirting near the lows of the support zone. We can see that BTC broke down from the bearflag and is now stuck in another triangle near the lows. We can expect a bounce to trigger stops above the $6500-$6600 level before continuing lower and testing the lows...
-- I don't think we're going to run away from here to the South, but sh** happens. Just a plan B. It's better to have one. So. This are our lowest supports. Still waiting for price rising up to ~6800. !! Stay tuned via discord, telegram and twitter.
During the beginning of the crypto sell off earlier this year, Ethereum was one of the highest performing alts for a great period of time. I believe this was because during the beginning of this bear market, people were not as hesitant to take risky investments such as ICOs, AND also, many ICO developers were likely cashing out their tokens for Ethereum, all in...
"Short now, and buy in at 5,600." Is what I would recommend if I were more confident in my analysis. I just want this post to point out a few things. Bitcoin hasn't reached a long-term RSI around 44 in quite some time. Bitcoin RSI was only this low in 2016 Q3-4. The prices was roughly $560. So why does this matter? The answer is entirely speculation. My...
I see the signs of capitulation in the PM minder markets. $Nugt could go up 80% like previous time, with a target of around $24. However, I'm aware we haven't seen real capitulation yet, but from a technical perspective, things looks quite safe to go long.
Get your big boy pants out guys, this one is happening real quick. I'm starting to scale in. Ammo locked and loaded to continue scaling in through the low 200's Fastmarket warning. I'm going to be updating this published post with lower timeframe stuff since the daily isn't low enough resolution. Gonna get real interesting. Going to be an interesting trade...
Price is at an even $7000. 'Rounded Bottom' or 'Capitulation'. Let's see which way this goes! (Chart mainly for my reference)
I have been day-trading almost every single day since late 2016, Overall I'm long my dream buy is 1,800 - 2,000 Everbody thinks that we are out of the woods, I am betting against that. Just another lower high, didn't even come close to 10k, watch out for old-key support/resistance levels on ALL coins. I like to check big moves and pair it up with bitcoins...