2 hours ago
BTCUSD, 1 Long
0 19
2 hours ago
BTCUSD, 240 Neutral
2 126
I am currently trying to study the Fibonacci sequence and some patterns.
1.168 and 0.168 are one on the most important ratio's in the Fibonacci sequence.

I looked back few months ago in the BCT chart, and I saw a pattern.
I'm not sure if I am right or not.
6 hours ago
BTCUSD, 15 Short
0 21
+OBV is high
10 hours ago
BTCUSD, 240 Long
0 59
If 469 holds, 5th Wave target 567.
SL 469.
10 hours ago
BTCUSD, 60 Short
0 46
How long will this continue?
20 hours ago
BTCUSD, 30 Neutral
0 41
As I explain in my text on the graph. Goto: coinmarketcap.com/utc_30.html
Sunday 4/26 will be fun to watch Ultracoin!

Craig Claussen
1 day ago
BTCUSD, 240 Short
0 54
December 13 downtrend continues. No sign of reversal. Recent bull runs have always ended up losing steam quickly.

Last days lower lows are leading price into a series of recent strong support levels.

This might result in a number of bull runs, potentially ending up being dead cat bounces.

As we reach lower lows and stronger support lines, the potential for reversal increases.

I'm bearish for now, but will be increasingly looking for reasons to buy as we approach 340-380 supports.
1 day ago
BTCUSD, 60 Neutral
0 283
After taking a pause from posting trading ideas on BTC (because I am either in BTC or cash and have been sitting in cash for a while now) I thought I would take some time today to review the 1 hour BTC chart and where it might be suggesting price wants to go over the near term. First off, you will notice several 'M' tops on the chart today. That alone suggests to me the bears are in control not the bulls. Couple that with the fact that the latest rally could not even get back up into the OTE short zone (rally peak was 518 and 61.8 or bottom of zone was 519) and I see more evidence that the bears are in control. Willy did get a little 'stupid overbought' there on that rally so it isn't too surprising to see Willy work his back back down into the oversold zone once again. While that may be reason for the bulls to start paying attention, we have neither a bottom in the raw momentum (MACD Histogram), a bottom in volume (OBV) or a bottom in price, Put it all together and I am still looking for lower prices ahead not higher. It do see the OTE long zone (off this entire rally from Mid April) currently sits between 431 and 456 and that shall be my target zone over the coming sessions. Should the indicators support long ideas once we get down into that range I may consider getting back in on the long side of BTC - until then....cash is king.
1 day ago
BTCUSD, 60 Neutral
0 40
Rally Here. Retrace to 50% on longer move.
1 day ago
BTCUSD, D Neutral
2 226
BTCUSD prices have been following a downward trend on a log scale since December. During this time, price has followed a mid-term cyclic trend. The time between these cycles have been increasing, although I would be surprised if the cyclic trend closely followed what I've written.

I expect BTCUSD prices to follow this trend until it can remain well above the trend for several days. When this trend breaks, I expect a new, long-term upward trend to appear
1 day ago
BTCUSD, 60 Neutral
0 38
Weak support with bullish Indicators, or Strong support with a measured move.
1 day ago
BTCUSD, 240 Short
0 42
Losing steam again..
1 day ago
BTCUSD, D Neutral
0 166
1 day ago
BTCUSD, D Neutral
3 310
The following chart is certainly not "hard" TA. It's simply an illustration of a belief I hold, and that I track in more detail through other indicators. I'm posting it in case someone finds it interesting, or wants to challenge the basic idea.

Here's the basic premise: Fibo levels, support lines based on running averages, Elliot waves -- all of those matter of course, but I believe that it is sometimes easy to forget that our simple human brains (collectively, when trading) pay a lot of attention to other elements as well, elements that may look "irrational" or unimportant from the outside.

I'm talking about "round numbers". It is my belief that, in the past months, we have seen a battle for 800 (which was lost), and more recently, one for (approx.) 600, which was also lost. The market is currently deciding whether another round number, 500, will hold or not.

Let me say this again: I use fibo retracements and other tools for more precise targets, but I do believe it is no coincidence that we've seen a confluence of the EMAs I've graphed above at prices near round numbers (800, 600, now approaching 500).

Which way does it resolve? That's another matter, and I don't have a good answer. I see substantial differences now when comparing it to the false breakout in March, so that way I'm bullish, but right now, it looks like we're slowly grinding down again, which makes me at least short term bearish.
1 day ago
BTCUSD, 240 Short
2 119
EDIT: The publishing distorted the trend angles... look below at the picture I was trying to show.

When using the bottom candle as a guide, notice the bear avg trend line is symmetrically right along the bottom of the bull trend line. The angle of the bull bottom tips point to a location on the bottom candle. Our current meandering is waving like a flag that is now unraveling indicating a change in course soon. We're on top of a thick, 4hr Ichimoku cloud. The Fibonacci time scale show each price movement, save two near the top. We're way past the last two historical bottom trend points (in the dark blue line), yet almost near the mean bottom trend line. The only other bottom trend line is way down south near 200... where no one really wants to go.

Does this point to a minor upward spike on the 24th?
(I would zoom in but the angle lines don't react well to change in scale.)
2 days ago
BTCUSD, 60 Neutral
0 34
Looks like now's a great time to set some stop orders. Whether the triangle is actually a continuation pattern I'm not 100% sure. If we do break downwards, I wouldn't expect it to push much past the old-resistance-now-support-midterm-trendline. However, if in your own analysis you do not consider that trendline to be broken yet then you should disagree. 'Officially' neutral since breakout can occur in either direction, but as mentioned in a previous chart I have already opened a bullish position.

Note to Bitfinex users: Though my stoploss was set to $490 and we have seen the price dip to that point a few times, Bitfinex has not executed my stop order. My guess is that it's because the price was only there for a couple seconds at most, and the system didn't get to me before the price rose again. Can't bee too sure though. Thought it worth mentioning.

Edit: Yes I realize wave 3 is shortest. The count is a bit ambiguous, and I missed that while proofing. Wave 3 actually may extend to where subwave ii of 5 begins, making that wave ii actually wave 4... I think this is a wave extension that makes it difficult to count.
2 days ago
BTCUSD, 1 Short
0 74
I've being testing this Scalping Strategy with the help of this Post here: http://forex-strategies-revealed.com/scalping/eurusd-bollinger-bands-scalping

Using this method shows that 80% of the times these Price actions are very successful.

Credit goes out to Chelo who post the Original Scalping method here: http://forex-strategies-revealed.com/gbp-jpy-scalping and Hessel modified after that to get most out of it: http://forex-strategies-revealed.com/scalping/eurusd-bollinger-bands-scalping

I found that if you have MACD/RSI indicators as well you can get a more accurate signal.

Note: It is recommend to take the entry when the price moves between amber and Blue Bollinger Band (with Standard Deviation 3) but this time it even worked when the price just hit near Yellow Bollinger Band (with Standard Deviation:2).

TIP: Make sure RSI go above 70 and reversing down (Don't wait until it hits 60) or go below 30 and reversing up (Don't wait until it hits 40)

Hope this helps
2 days ago
4 462
When binned over the largest period possible, we easily see the RSI (Relative Strength Index) fall dramatically, indeed nearly vertically, at the end of each 'bubble', as expected. I suggest that one should make a note of the first significant recovery segment after these drops —as indicated by a relatively sharp/discontinuous change at one end, creating a region of convex interior— and record the relative percentage change over which it occurs: call that "A".

The next time a relative percentage change is observed ("B", say) to be greater than or approximately equal to the inverse of "A", (i.e. B ≳ -A), where it is again bounded on at least one side by a semi-discontinuous change —up, down or sideways; it does not matter— forming another mostly convex region, (as in the case of "A")— I claim that this will signal the bottom of that short-term crash and thus begin the interlude before the next 'bubble' inflates.

[Note: At the time of publication of this chart, the aforementioned principle appears never to have been violated only within Bitstamp's historical data up to that point. However, to my knowledge, this pattern is not currently consistent with any known methods of traditional technical analysis. It is merely an observation, over a relatively small amount of time.]

Edit: For a more expansive view of this concept, including implicative evidence regarding the recent bubble period offset correction, see my chart image here https://www.tradingview.com/x/2ZphB9B8/ or an earlier version (same content) in the comments section.