Hello world! Simply here. Preface: It amazes me how many BTC TA's there are on this site that have the chart so zoomed in that you can only see the past week or so. If you're basing your buy/sells on such a short-term TA, you better also be a short-term trader. If you're buying BTC to HODL, then it's really only the bigger picture that matters. With that...
Looking at Bitcoin’s price action today, we see support has been found $7,500. Price respecting bearish channel structure, expecting a push up towards $8,200, stochastic RSI showing momentum heading towards the upside. A rejection from it’s $8,000 resistance leads us to support at $6,500, where we could potentially see a double bottom formation. However if we do...
Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 23rd of May 2018 . Using this buy in point and selling at today's peak price, you would have expected to net 54.35% PROFIT!!! IN 24 HOURS!!! The increase in price may also be explained by positive developments including: Feb 7: OpenFinance completes the world’s first...
After the extreme dump and extreme RSI levels the last 24 hours we have been wondering what the news was as that is often the reason for moves getting extreme. Now it has come out (interestingly timed at 4 AM US for the 4 hour bear flag) that some unnamed insiders say there is a criminal investigation into crypto price manipulation. In my opinion the timing of...
Weekly Looking at our highest timeframe we see price has bounced off our support zone 30000. Stochastic RSI showing momentum is heading towards the upside. Higher low has been formed, however we have failed to form a higher high. Price has pierced our ascending triangle, expecting a weekly close above 41000 within in the next week. Daily Shifting to our...
descending triangle - targets in charts - no indicators trading - stay safe ;)
Today’s coin of the day is Ontology. Looking at our daily timeframe we see major resistance has been hit at 9500—10000 satoshis. Price has broke out 8500 satoshi support and is now heading towards 7000 satoshis, could see a potential bounce off this level. However expecting price to return towards it’s breakout support zone at 5500 satoshis. Stochastic RSI...
This bullish flag is pretty interesting because it comes after the rally of a few weeks ago, which turned the sentiment on #ethereum. Technically speaking it lines up with either .618 Fibonacci level and a previous resistance area (around $550 handle) which now should provide some support. Might be a good point for the next leg up.
Weekly Looking at our highest timeframe we see price respecting an ascending triangle. Next stop is 50000, not expecting our 100000 support level to hold. Market is in the middle of a sell off. Stochastic RSI showing momentum is heading towards the downside. Wait for a drop towards 50000, bouncing off our dynamic and horizontal...
Bitcoin is the king of indication for crypto prices. This is true given that it is the first. Just like if the stock market index does bad, usually the stock market isn't healthy. The same applies to the price of Bitcoin. Right now it is trailing around an $8k expectancy given the recent negative correlations. (Though it was trailing towards $9k for a while). It...
Imo these markets works like normal stock markets, but in shitload of steroids. So we will see new cycles and fractals formatting more faster and getting bigger. We will see new bullish cycle this year, proly starting now or later this summer. It is getting critical for cryptocurrencies to get adapted in someway or we will see huge bubble that will proly break...
Hello bulls and bears! Yesterday before i went to bed i thought "let's take a closer look at Bitcoin about what's happening in the bigger picture". So everybody is so hyped that in the short term BTC is really trying to go for new highs while BTC has once again shown it couldnt break the 10k, just like it couldn't break the 11,7k from the previous bull...
Just thought I would use some of what I'm following to see how they worked last time. Interesting Y/N. I think I'll drop one idea which was trying to predict timing of fractal lows by multiplying distance between fractals by three. NOT ADVICE ALL STANDARD DISCLAIMERS APPLY.
BTCUSD has shown a strong rejection of 61.8 fib and is respecting the trend line on the daily time frame. If we get a breakout of the counter trendline we could see BTC make some serious moves past 10000 If we approach the counter trend line and break i will look to add to my positions if not shorts may be in play
Here we go with BTC/USD DAILY. While I'm talking BTC price is about 8217 usd. What do we have? Price has broken the 9000/8800 area, made a pullback to this area and has continued his way to 8000/7800 area. Price has been rejected once from this area. Now price seems to go to the 8000/7800 area again. This support has be touched many times since November 2017. We...
Lisk is the true “leader of today’s losers” as the currency pair has lost nearly eight percent in the past 24 hours. LSK/USD seems to hold general bearish moods as the currency pair has significantly fallen from its May highs. However, Lisk managed to leave the red descending midterm trend line and is trading higher at the moment of writing. Let’s have a closer...
Weekly Looking at out our highest timeframe we see price has is currently testing our weekly support. Lower High formed 10000 satoshis, expecting price to break through and find support 6000 satoshis. Stochastic RSI showing momentum is heading towards the downside. Daily Shifting over to our pattern timeframe we see price commuting towards the downside....
See post 19 May for explanation why I'm studying these fractal zones and how they could work. I'm shading them in grey as I go forward. Could be good for bears if market closes below $8,171.5 but not sure if also needs a wick below $8,054.8 Don't forget Comment May 20: Daily Stoch RSI (3,3,7,7,close) from May 12 is a very recognisable pattern from oversold to...