As of right now I am short based off T D Sequential. Because of all the FOMO and institutional money flooding in, the sell can be invalidated, as long as next weekly candle closes higher than or equal to the close of the 9 count candle, but I doubt that will happen because this move can not be sustained, it needs a correction in my opinion. Yes, monthly 9 count...
Because of the massive FOMO we've been having I wouldn't be surprised if the next daily candle breaks the high of the 9 count, thus making it a long play, as long as that 1 count doesn't close below the previous 9 count.
Correction time. FOMO is driving this pump with Media blasts about the recent ATH. We will get a break out in the the next few hours however, down will be the ultimate movement by the end of Sunday the 3rd. This is not advice. I don't need to be right or wrong. I don't care if the market goes up or down. Make your Own analysis and trade off of that. If you...
As long as the 9 count closes lower than the 6 count, we should continue to go up more, rather than it being a sell. Once a green 1 count following the 9 count, breaks the high of the 9 count, it's a long play, with a stop loss at the low of the 9 count candle. I believe the bullish pennant will throw us up to $12,700ish.
I'm still long for a couple more days based off T D Sequential. Ideally, I don't want to see new ATH's, I want it to stay under $11,395 here on Bitstamp, because if price breaks the high of the closed T D 9 Sell candle, it'll be a long play. But, there's no telling how high price can go over the next couple days, considering there has been serious FOMO, along with...
Latest candle scores a 9 on the TD-Sequential, indicating an upcoming correction into middle/upper $7000s. (0.5 Fib-Level) Get ready to buy some cheap coins. ;-)
Technically speaking bitcoin bulls are getting exhausted judging from the bearish divergence on RSI and DMI and Tom DeMark’s TD Sequential. TD Setup on weekly will be completed end of this week with the 9 count after which pause, pullback, or reversal is likely. Correction can still stretch up until count 13 which will be the end of the year. At this point the...
This is a running thread for ₿itcoin BITFINEX:BTCUSD updates and thoughts. The idea here is marked as long until we are out of a Bull market, then the trade will be marked as "closed". Shown above the Weekly Tom Demark Sequential shows we are at a 8 count on the trend cycle, the close of that candle happens tomorrow. Regardless of the bearish divergences seen...
This is a running thread for ₿itcoin BITFINEX:BTCUSD updates and thoughts. The idea here is marked as long until we are out of a Bull market, then the trade will be marked as "closed". Weekly Tom Demark Sequential shows we are at a 8 count on the trend cycle, the close of that candle happens tomorrow. Regardless of the bearish divergences seen at $7,900 levels...
If we dont see any major manipulation today, we are on the 4th wave as of this writing, I dont typically chart Poloniex for this as the volume is not to my liking for accuracy, but Poloniex has seen some massive interest in BCH.
Elliot Wave 4 is taking us down for a .618 Fibonacci retracement of wave 3, that means we will dip to around 5k... From a timing perspective this might coincide with a TomDemark Sequential 9th Daily candle which signals price exhaustion and likely the end of the downtrend... If my analysis is right we should get there by Nov 17th, that is 5 days from now... Stay tuned!
Price seems to be heading to test the kumo flat bottom, this might be a very good buying opportunity. Keep an eye on the TD Countdown to hit 9 to go long.
BTC touch briefly the 90K zone just to pull back. Ichimoku signals a bullish bias although is very clear that RSI is in the overbought zone. BTC may very well keep hitting ATH's but I wouldn't advise to enter the market in this conditions. The TD sequential also signaled (sell) price exhaustion for the last bars, this is basically telling us that the trend might...
While there's a lot of room for Ubiq to retrace upwards back to .0009734 it is on a beautiful incline, forming a cup and TD says another couple of candles here to go. You can see all the historic support/resistance lines and how Ubiq is a good soldier following them like a group of fire ants. Makes me kind of antsy for it to get on with it already, although...
Taking a step back and looking at the Weekly ETHBTC Chart, we see that the TDSequential Indicator signaled a Buy Trade (Red 9) on the week of December 5th, 2016 around the level of .01 BTC. This level held steady until the breakout in February 2017. When the market finally reached exhaustion, we were signalled a Sell Trade (Green 9) on the week of June 19th. ...