In my last Bitcoin chart, I covered the monthly developments in the Kraken XBTEUR pair. Currently we're one week away from the end of the year, and closer to get more clues about the recent developments in price action. After this week's close, I'll be able to determine the direction in the short term, and after the monthly/yearly close, I'll have a much clearer...
I expect to see a bit more of a selloff in BTCCNY. The options expirations we had on Friday/Saturday implies no downside protection, and clearly the market already started to react to the record amount of puts that expire in the 1800-1900 region for the S&P500. BTCCNY has been following the stocks' direction since July 2015, which is interesting, and comes right...
In this monthly chart I have outlined the different support and resistance levels on the monthly chart for Kraken. I'm using this pair, since it appears to have real volume data and a more legit price action so to speak, unlike that of other exchanges with wash volume , rogue market maker activity and whatnot. The target for the first monthly signal has been...
This chart presents trend signals for 8 Bitcoin exchanges, using the daily chart. If price were to move to the entries on chart before the daily close, it'll be a very high probability trade, considering the recent failure to move up, more than once, and the increased volume present on the profile distribution. Good luck if taking any of these trades, and remember...