This 8 week arm of the 1.5 year BTC rally is about to subside. First a little history. The Chinese investors (not the government) are in control of BTC value. The Chinese banksters are actively devaluing the Yuan. This is round two of major devaluation moves and it is nearing completion. As it completes the Chinese investors will start taking down their...
I highlighted the weekly support buy zones we have had in the past, as well as the curretly active one. The 8h setup I pointed at might not work with a tight stop, but it's still good to hold longs from 4950-5100 overall. Just make sure your risk, if adding new positions is 1-2% max, if price were to go against you and hit 4805.26. It really shouldn't, to conserve...
In my opinion we have a real possibility to go up through 450 and try to break 500 , but nothing strange if we fall to the level 350 at first. It seems we have opportunity to buy at level 350-360 once more! Though now we have a good price too. OKCOIN:BTCUSD
BTCCNY is breaking above the recent key resistance generated by the news related to Chinese capital controls. It seems that the news were discarded as a rumor, and now investors have absorbed the selling, and are ready to bid prices higher. I'm holding a 30% long position now, since I doubled at 4918 and tightened my stop loss to 4870. My average entry is lower,...
We are seeing a bit of bullish momentum in LTC today. Right now the weekly StochRSI is at the floor, the weekly BBs are tight, and price is coiled nicely at the tip of a triangle. Combine this with a Supermoon, and we could have a big move in store (If you believe in that kind stuff). Since I am inherently bullish by nature, I am long. In any case, regardless of...
The BTCUSD index chart here depicts an interesting price pattern, a cup and handle in the making. This pattern usually is powerful, specially when the signal coincides with a 'Time at mode' trend signal and is coherent with all the technical and fundamental observations we can make here. I don't personally use it for trading decisions, but it's certainly visible,...
Go back and read my previous published idea. I pointed out there is a huge difference between the Chinese Yuan/BTC chart and the BTCUSD chart. I thought I should show you the difference and speculate where this will end. First the previous devaluation the volume was very small relative to what's going on this time around. That's because the Chinese insiders...
Next Fibo line in upper channel is near $680. After it I will wait a correction.
Actually "THEY" never left. The volume of Chinese Yuan moving into Bitcoin is off the charts. It's ten to fifteen times larger than the previous Yuan devaluation I noted with the May 23 "Chinese Insiders" chart tag. The current round of volume and valuation have not been completely reflected in the BTC/USD chart. The US investors are still asleep. There is...
Details at chart. A little similar chart fragments, might be a fractal pattern here...
LTCBTC ratio has taken quite a beating over the last few weeks. However, with a little bit of patience we may be in for a bullish surprise.
long for next 66~ hrs (okcoin settlements = 3days 1hr) anticipating 255~ rise in next 66-72hrs (38$~) thought process btc futures runs the price market price of btc so the market runners just smashed their shorts meanwhile setting longs. itd be insane to long in such a spot, after such a dump but thats the beauty of market futures index manipulation (imo)
Looks like the correction is still in good form of a drawn out triangle. Wave E overthrow is valid. Breakout confirm above B - Invalidation below C.
Corrective 61.8% Fib Retrace + Hidden Bull on both RSI and StochRSI. Watch for break out confirmation above previous local high.
Possible count for trend continuation pattern. Confirmation above (B). (See Linked Chart - Meant to post w/ sooner) *Note: - It is possible the triangle has further yet and could be wider than pictured.
This is BTCCNY 2h charts from OKCOIN. It is currently find good support on 4270 level, if we can break the Fib. extension 0.236 level (that is above around 4570CNY), we should be on our way up to higher and test 4740 level again.