Wait for MACD line do bullish divergence or crossing up zero line and buy. Simple and useful.
This has to be the ugliest chart I've seen in a very very long time. Where to begin... The top was put in when the US SEC ruled against allowing the Winklevoss twins to create a BTC backed ETF. They had spent the last 2 months accumulating asset to back the ETF and then dumped it all at once when it was obvious they should put their money somewhere else. That...
Since the LTC/BTC ratio broke below .004, the accumulation / distribution indicator has been rising (on Poloniex). For the last 40 days, traders have been acquiring Litecoin. Today, over 1.6mm+ LTC were bought on Okcoin, which is an unusually large amount of coin. Buy volume is increasing and sell volume has decreased. I am bullish.
Alle details at chart. I see 2 options: longer 5 or 5 with res at .764 Fibo and soon abc with target .618 and trendline (yellow)
If we're still respecting that trend 1255 could be a good buy zone on quarterlies
Read along while humming ZZ Top. This leg is formed much better than the blow off top leg 2 months ago. The only problem is volume is diminishing and that usually is a sign of the end. There are some contradictory indicators. MACD and RSI are showing this rally to has a little more room to grow. The angle of this leg is unsustainable and the price has...
OK. I think most of you know well what is my idea when you look into chart, but I must describe a little. Rules: 1. Lines are not accurate, because we don't need precision to show general idea of this fractal 2. I use Bitfinex 1d but I'm almost sure similar patterns cn be presented on Okcoin chart 3. I'm not sure it will go down, but whole fractal is pretty...
My Happy New Year prediction. A possible bullish scenario for Bitcoin until the summer of 2017 based off Gann lines. Gann lines got a lot of respect in 2016, acting as support and resistance at pivotal(!) moments. (8 I extrapolated the rally of June 2016 (the halvening - dum dum duuuum!) and applied that for the first semester of next year. Using Gann and...
Some idea, I'm not professional trader, just show you my MACD strategy system. Lets just wait what will happen.
Bitcoin Long Term Trend Analysis: - Pitchfork - Logarithmic scaled Chart - Volume - EMA - Trend Channel - Long Term Trendline - Fibonacci Retracement
Continuing with the downwards trend after the PBoC market intervention on the Chinese exchanges at the beginning of the month and followed by the elimination of the no-fee policy by the three major exchanges in China, I think bitcoin will continue to go down to around 4750 CNY considering it's bullish tendency is at pause. Bears are in control again but not for...
The Chinese Yuan devaluation is now complete. The Chinese banksters realize the insiders can move money in and out of Bitcoin as a value store. A fake investigation of Chinese based Bitcoin exchanges covers the insiders asses while preserving this avenue for their future devaluation shenanigans. The result: No more margin trading (unless you use some other...
All details at chart. I have an idea about unregular rising wedge with end at 6500-6600cny. Bearish ending ofc. After that - forming 2nd point of ascending triangle's lower line. PL explanation: forum.bitcoin.pl
This is what we're looking at here. We're already in a full position, so, we're limited to use leverage to add trades here. We took a long, currently in profit, and we're aiming to book profits and reduce our long term position against resistance higher. We'd like to see the following happen next: No new lows after today. Daily close above 5175. Price not...
The number 8 has always been of great significance for China, and for that reason, I believe we may see values as large as 88888CNY, in the not so distant future. The manipulation that continuously occurs. has allowed consecutive 8's, to become either a final flash of support or resistance. A milestone, followed by a swift return to the median. Thus far, both...
In the words of Alan Greenspan, you know the rumpled old geezer that speaks in rhymes, said something about irrational exuberance in the markets, I will invoke those same words. BEWARE OF IRRATIONAL EXUBERANCE in the bitcoin market. What's causing this straight up spike in price? The China devaluation of the Yuan, the India currency confiscation, and here's a...