Settings made by me for 4h BTCJPY Bitflyer chart with 0.05% provision (i think this provision is used by Zaif likely). Of course there is no need to play shorts (much riskier in case of spikes up with no sl on short position even with no leverage. in long position case there is no need for sl without leverage), longs should be profitable on longterm basis. I...
Here's an example of BTCJPY with an ascending scallop and down break. The price target is the valley of the pattern to the top of the pattern taken from the bottom of the pattern. This is the full price target, whereas the measure rule is 0.25*the price range. Cheers
Possible breakout if price crosses above drawn trade line on 1H chart... If crosses downside.... prepare to accumulate more near 7k $
My peer traders have informed me that the price action is currently following the chart on FXBTCJPY. (Which explains oddly-off S&R Levels) (1) This is an assumption that we are currently in a ABC correction to previous downward motivewave. (2) From smaller cycle, I am convinced that we have reached out Wave 5(Up trend) and we are seeing ending(or leading)...
1. rsi and obv confirmed doubletop : sell sign 2. at bitfinex, couldn't break 8700usd. assuming 8700usd as a neck line, we can drow h&s pattern neatly
Look at the JPY chart. Lower right.
Circle bought Polo. Coinbase dropped a 1099 bomb. Every 5am Asia Volume picks up. Lets see if it's enough. Theres no clear call here.
Added high/low price lines to better represent the premium on higher time frames. Original:
Clean and simple visual representation of the Bitflyer FX BTC premium over Bitfinex BTC.
BTCJPY is recovering from down trend. I expect the next move is around 7 hours later.
I'm using BTCJPY charts because many Japanese are recently involving Bitcoin trading because they are know about it by the television advertisement(like bitFlyer, Coincheck, DMM Bitcoin). So I think Japanese Bitcoin market has big influence in the world. By the way, despite the correction trend in the BTC market(or someone says it's time to finish of bubble...