We are probably getting closer to the bottom, 1 or two weeks away, after some more fakeouts and chop in our current $1000 range. Shorting now doesn't make much sense, but if we get back to the top of our range with at rejection from $8600-8800, I will be shorting. Think we should get a nice capitulation wick down to this weekly support, and that's where I'm...
Analyzing charts and trading are two very different things. In hindsight, scaling in at this green box was the play I should've stuck with instead of stubbornly holding onto my $8200 long, which was planned to be a scalp anyway. I struggle with the discipline to cut my losers immediately, and this is just another example of it. We take many swings, never...
Reduced trading of BTC can easily cause price fluctuations.
We are keeping prices along the trend line of the 4H chart, but I don't know how or when it will change.
The downtrend line and the lime green uptrend line of the 4H chart will intersect around October 18th.
There is also an intersection of the most important trend lines around October 27.
Our previous analysis has been broken, however, today we have another opportunity. Please understand that we are in a quite sensitive period and all normal trading knowledge can be broken at anytime, so be wary by setting Stoploss for all trades
As we can see on the chart, BTC is stuck in a channel and now this pattern has been around for 23 days, long enough to...
There is some accumulation now.
It will be a Sell opportunity if the price will cross the Support/Resistance Zone and H4 candle close below.
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i'm sure this probably seems far fetched, but I recognise some similarities between now and a few months ago.
the main trigger for me in this assessment is the SLR (Linear Regression Slope),. which has not been in this current position since Jan/Feb on the 4H.
the difference between the two time frame in question is an agreement between the Alligator and the...
(Updated For BraveNewCoin Liquid Index as requested to show this trend actually dates all the way back to 2011 and earlier!)
This chart illustrates long term extrapolation of the log chart trend for Bitcoin , with key Arc trends which could hold a clue to the near term future and longer term trend.
In Summary there has been 4 periods of 'mean' bullish growth /...
Through 2019 Bitcoin has once again proven to be the best performing asset available to the masses, far surpassing the expectations of even the most bullish commentators in the space.
A staggering recovery from lows around $3.2k of 2018, accelerated through to highs of 13.8k - around 4x to its peak.
After such an impressive move to the upside, one which fast...
Bitcoin's price action reached the top of the accumulation area at $8 800 today. The price sharply went down afterwards which indicates weakness and insufficient of volume. Market players have not enough power to break the parallel channel moreover the support of a smaller channel was broken down which represent a rejection of another attempts to go higher in the...
The parabolic move is undoubtedly the most sought after pattern for traders and investors with huge upside in a short space of time with followed by a blow off top.
Typically there are several periods of consolidation or 'bases' which are established with increasing range between each of the moves.
The final phase is a usually the most violent in its upside...
One of the most common questions I get when it comes to altcoins is, "should I trade or should i just buy and hold?"
For most people, buying and holding (or hodling) is often times the best answer.
It's less time intensive and you don't have to think about it too much.
The problem (and often asked question) is, "when should I start buying?"
For that, I would...
They broke through the middle of the channel, settled on the support of the previous channel in the region of $ 8100.
The blue line acts as support. Locally, it can still grow to $ 8250-8300 as a test of the broken level.
And there you will need to watch the mood of the market ...
We are under EMA8,21,50,100
Pretty simple chart here.
The altcoin marketcap has seen a nice rally upwards with Bitcoin through the second quarter of 2019, however couldn’t really outperform Bitcoin (aside from BNB and LINK).
This is identical to the first stages of the last bullcycle. Through the mid part of 2015 the altcoin market cap also had a first push upwards, basically through...
Bitcoin couldn’t provide support on the 21 EMA unfortunately and broke down from it and the descending triangle.
The breakdown from 21EMA was pretty likely to occur if the pattern decided to drop south, as the EMA was moving just below the support at the descending triangle floor (9300$).
So what’s next on the TA of Bitcoin? Macrostructure broken?
No, even if...