Buying the ETHUSD & BTCUSD dips. Anything under $800 is a good buy on Ethereum as we were just in the 1.5k range. trade.kraken.com $BTCUSD is as looking good for a short term bounce back up, anything under the 7k range on BTCUSD is a good accumulation buy.
Yes, Possible Short on Bitcoin, big players just want to push it lower as possible and fast burst rally took a break, so if doesn't break last higher point we can see a big drop, but thinking for me, I'd sell at 12.000 around. However this is just an idea and this Crypto isn't in my Portfolio and probably the day I consider to put money on, I'll be Gambling with.
All relevant information is on the chart. Follow me on twitter @thefiniteidea
XBTEUR (BTCEUR) / Feb. 2018 / KRAKEN / Daily updates on the chart!
BTC has bullish divergence on CMF and RSI on the 4hr chart, what looks like the beginning of a J-hook reversal, a potential descending broadening wedge - charted, and 4hr Stoch RSI oversold. I am cautiously bullish. But keep in mind, we are still in a bearish trend until we are not.
"And I looked, and behold a pale horse: and his name that sat on him was Death, and Hell followed with him." There are two successful buying strategies in trading. In the first, you ride the tail of a comet; buying with strong momentum propelling you into the stars, your equity curve buoyed by cherubs. In the second, you watch and wait in monk-like silence, as...
BTC going down to the the oversold area on the RSI, major bullish divergence identified. Prices touched the 200 MA but will have to wait and see if the daily candle closes below it. If we bounce here, there will be major resistance at $10.4K where it was previously major support. Neither bullish nor bearish at the moment but still rooting for you, big brother BTC.
Taking a look at larger time frames, we see a potential bullish Gartley in the making for BTCUSD. I still believe we are on course for another leg down for this correction, but it very well be the final stand. This chart shows our original bearish Gartley, and it's target zone between the 1.272 and 1.618 fib extensions. Somewhere in this zone would satisfy the...
Well, Bitcoin is in pretty healthy correction, but we are near very dangerous zone. Never underestimate the power of Fibonacci. Waiting for bottom.
My recent posts have been forecasting for $7,500-$8,500 BTCUSD, and I still think that is on the table, but perhaps not in the immediate future as we failed to break below the 0.786 fib support. I think we will be looking to complete a bullish cycpher retrace today sometime with my intra-day target being $11,800. I also posted last week about a potential Adam and...
COINBASE:BTCUSD / BITMEX:XBT Has been in a complex combination correction for sometime and appears to be preparing for the final leg which will make sense as CME Futures are expiring today. We can see a triangle forming an on the hourly and price is approaching the point where it will either have to breakout or breakdown. This pattern is a typically bearish one...
My first proper TA prediction! Clear triangle formation in a downtrend. Look for steep downside breakout. Oh, and I do not give advice. You do not want my advice. This is not advice. This disclaimer isn't even advice.