Tired of watching prices follow coinbase down a rabbit hole???
Coinbase has widely abused it's users, with a "beginners" platform charging up to 4% interest in AND out, without so much as letting customers know that "Coinbase Pro" exists, let alone at a completely dissimilar website known as gdax.com , where the maker/taker model exists. Worse yet, Coinbase is not...
Left is current BTC price action on the daily timeframe, on the right is BTC on the 12H Timeframe.
Using the QuantRsi to find hypothetical Support targets, and Heffae Clouds as a guide for price movement. In this case, both indicators align to paint the same target.
Showing a prior instance of similar setup on the right pane.
Still, with no clear explanation, this is the reason why
I WOULD NOT BE HOLDING ANY FUNDS ON EXCHANGES.
GDAX - Finex spreads have widened dramatically:
Not because of tether, but because of the widening spreads at a time where liquidity has NOT dried up. The spreads widened DURING the 6K...
Spreads between the major exchanges have widened, with opportunities for arbitrage despite the arbitrage paradox axiom that these opportunities may remain short lived should arbitrageurs neutralise them.
Similarly, following 2008, Covered Interest Parity has not held true in foreign exchange markets.
Initially, the violations...
$7000 didnt hold
If anything I would say Bitcoin is just having some side way momentum
- Rising wedge = bearish (watch for a test of the .236 fib)
- Resistance trend line hasnt been broken or tested
- S/R are pretty much the same
- Still above the BB
- Last candle was a hanging man (sell signal / bearish)
If we break support at around $6600,...
$7000 is going to be a tough $ to hold
My next target is around $7250, if that does hold, then $6900 is still strong support, with resistance at around $7100
- All oscillators (RSI, Stoch, MACD) are indicating downward momentum
- Candle is below BB (bearish signal)
- Top trendline has been broken
- But bottom trend support is still in...
Hi TradingView Family,
Hope you all are doing well during the slight downturn in the market. While we are still a long ways away from a "bull" run and i think that will not happen until Q1 in 2019 (i have personal theories and TA's drafted on that front that i shared with my telegram family).
We are entering a consolidation phase for the next couple months but...
Hello fellow traders to a long overdue update on BTC.
I went private with my charts for a minute, but have since decided against that decision. I don't believe there is any true privacy on the internet ;-)
With that said, looking at the 4hr we are in dire need of some healthy correction. If you missed that bullrun, you missed that bullrun. It is as simple as...
My original target still remain the same but its time to start getting bullish for the next move up and i expect BTC to push to $9500-$10000 then fall and as i said it before we will see $3000-$4500 by September this year. so here is you last chance for longing . wish everyone happy trading .
Hello everyone. As promised, ETH is next for an update--and an update it surely will get ;-).
Without a doubt, Ethereum is showing some mixed signals. The most recent price action has buyers coming in at the golden zone. This is a hot spot for a potential pivot, which could potentially place us in an ideal entry area for the beginning of a 3rd wave. Will we...
Well folks, Bitcoin is doing what Bitcoin is doing. Slowly just sliding down the grinder.
I really thought we would have broken $7k by now.
Like I say, the market does what i wants and my opinions dont matter.
Read the text on the charts and watch for the trend lines and support/resistance. That's where I have my money on.
If we keep going sideways...
So he we are everyone, with an update on the Great Bitcoin.
We now sit at the 786 of the current swing low to swing high, and whether you are labeling that impulsive wave as a 1 or an A makes a HUGE difference regarding where we stand now. Buyers came in as expected at the 786 swing retrace; however, from one look at the trade volume on GDAX we are seriously...
What if the too massive spikes we had were just bull traps and takeouts? If we look past those spikes we see a great bull trend channel. Looks like a double bottom is still needed. Im thinking a double bottom at about 110-113 before we start moving up again.
Not trading advice DYOR
This trade idea is still playing out pretty well. I did have to adjust it a bit for time but the general path has been pretty good since late April. That dump we had a few weeks ago threw the top of this channel off a bit but I think we see a retest of $114ish and depending on what the bears have left maybe even $96-$100. We can still get a good bounce at the end...
Bitcoin bulls ran out of steam and stalled out at $9900 last week then failed it's attempt to break back through $8700 this weekend. It's pulled back about 50% of the +$3000 gains it had from the middle of April thru the first week of May. All of the Consensus hype about big price action actually was just the opposite. We could continue to have another 2 weeks...
Bitcoin never stops surprising us. $8400 is the real test an has been for a while. Remember we are still in a bear trend, so be on the look out for bull traps
Some things to watch out for:
- Bull channel forming/ bear flag
- Testing $8400 and .382 Fib
- If the triangle is still in tact, we will see $7350
- Bottom of cloud, watch for the break
-Needs to break...