Now expecting 25 yuan target for this bear flag. Huge hidden bearish divergences on 4hr and 1hr
Huobi is in the middle of a downtrend channel at the moment. The candlesticks seems to show a rejection from the upper channel, so if the bulls don't do their move it's possible one more leg down or simply sideways. A first psicological level that i draw some days ago is the round number 2300 that we hit in this downtrend and that is acting as a support. Now i...
4hr DMI/ADX is turning up again. This is just beginning. Looks very similar to the selloff that happened at 31, Target this time is around 21.7, which puts us at lows for a double bottom
Looking at the out the daily Willy and Godmod... We got serious major buy signals down here and bottomed hard... 3070 is $500 and that puts us slap bang in the OTE and some strong resistance zones....That's where we are headed IMO
short term push up before final wave c retracement then rally
Looks like LTC is breaking down, but I'm expecting a bounce on the 78.6% fib which also happens to coincide with a possible trendline and 1hr 200ma. I'm looking to buy 30.30 to 30.70 CNY
This could turn out here... valid target is 3003 on huobi which has been the whale target all along... now they have many bag holders to help get there. Could be wrong given the masses of bullish divergences here, but were right on the upper resistance trend line. It seems the clever money could make it happen and maintain bullishness by keeping divergences in tact
Update to previous chart... We need to break this falling wedge to the downside briefly to create panic and get the whales filled up at 2994-3000 CNY...
So we've just had a 4hr Grib breakout and 1hr/4hr have bottomed. Lots of divergences on the 15m macd and plenty of support bouncing off the 50% level from lows to recent highs. This should be enough for a leg up to test the trendline above and fail again (Imo!)
Topped up here and will retrace some. I think momentum will gather and i'm targeting the confluence area around the 61.8% fib, 1.618 fib extension also the trend line from the bottom 2 lows
Short it now, great potential in the next 4 hour. Take profit: $24 Stop loss: $29.5
Better sooner than later! BTC showed us again a head and shouder formation! This will take us back to at least 3615 because there we have strong reactance from the last weeks. It's time to go short to for a few hours and wacht carefully if we break 3615. If that happen the target at least 3600 or maybe even lower. Our target is calculated just like the cup and...
Litecoin continues its downward trend to create a new bottom of 39 CNY, lower than the previous bottom. I continue to believe my previous assessment that Litecoins fundamentals are no longer enough to keep it in the position as the second place coin. Unless something very extraordinary(i.e, Litecoin on Coinbase) happens to Litecoin at this point, it's bound to...
Looking at previous moves on 2h chart the downtrend is taking the shape of a descending wedge. So it's still possible to look for one more leg down, but at some point i'm expecting a breakout to the upside, pointing around 4090 area. Good luck for your trading
These are some situations that could happen. The 3rd one is the one I feel may be the most likely on reflection having seen this type of action before. I feel resistance is weak however support is exhausted from recent gains so may just dip slightly while support is gathered ready to break through the $700 barrier.
After much volume and powerful movement over the last few weeks, I think we have reached a peak after failing to break through the $680 zone. A great rally none the less. It's time for the Bulls to recharge with a short term dip into to the $500 zone which will be seen by many as the last time BTC will be so cheap. I expect a lot of buying at these prices and a...
Previously I have covered on the triple top on the 30 minute trend which suggest a further decline down to $620. Now that the decline have been completed, coupled with a rally yesterday. A closer look into a 2 hour trend does suggest another triple top on BTCe, whereas head + shoulders on Huobi/BTCChina/Bitstamp. Both formation will most likely lead to another...
One thing I love about Bitcoin is these massive pump and dumps. When they complete I find them a beautiful thing to study and analyse. I think they are one of the most important things you can try to identify if your day trading because they happen so frequently. Firstly, this was quite a large operation. I counted roughly 50k coins injected initially and 50k...