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Asterix Asterix BTCUSD, D, Long ,
BTCUSD: The big BTC triangle
542 0 2
BTCUSD, D Long
The big BTC triangle

Now that we finally bottomed (I think bottom around 9k was the real deal) we resumed the multi-year bull trend. Based on historic data, after negative moving average cross, we have one sharp fall and then the resistance is broke up in one move (on daily). We will see how it goes this time, but so far the multi-year bull trend in BTC is intact, which means that ...

Asterix Asterix BTCUSD, W, Long ,
BTCUSD: EMA-20 has always provided support on  weekly
1538 6 16
BTCUSD, W Long
EMA-20 has always provided support on weekly

On the weekly BTC chart, the up trend (ADX, RSI) is still strong and intact. So far, EMA-20 has always provided support and a launching pad to a new ATH, although it can take a couple weekly candles.

Asterix Asterix BTCUSD, D,
BTCUSD: Another Ichimoku cloud test - a rally always followed it
738 5 13
BTCUSD, D
Another Ichimoku cloud test - a rally always followed it

We are still in a clear up trend on weekly. Daily shows Ichimoku cloud test. During this bull market, after such a test we always established a new ATH, even if daily fell briefly below the cloud.

Asterix Asterix BTCUSD, D, Long ,
BTCUSD: Seller exhaustion will push BTC prices up
760 4 8
BTCUSD, D Long
Seller exhaustion will push BTC prices up

I know there is a gazillion of TA indicators saying we 'have to" revisit 5-8k levels, or at least go briefly below 10k. TA rules are not the laws of nature, though, just useful tools to analyze eternal struggle between bulls and bears. I think this balance has shifted slightly, but importantly toward bulls recently. On the last sell-off, despite all of the Korea ...

Asterix Asterix BTCUSD, 240, Long ,
BTCUSD: Triple bottom?
445 0 8
BTCUSD, 240 Long
Triple bottom?

What if it is a tripple bottom? Decreasing volume consistent, bullish trend on weekly still intact, in spite of very bearish short term.

Asterix Asterix BTCUSD, D, Long ,
BTCUSD: What happens after the shorts massacre?
1904 3 4
BTCUSD, D Long
What happens after the shorts massacre?

Yes, they title is intentionally provocative and at the time of this writing it is not yet clear what happens, we have fallen a bit from recent tops, it is now around $518 on Bistamp and 3180 on Huobi. But I do think, that now that players controlling tens of thousands of btc forced liquidation of almost 14 million worth of btc long, they would go after the ...

Asterix Asterix BTCUSD, 60,
BTCUSD: Triple top and likely shallow decline short-term
328 3 7
BTCUSD, 60
Triple top and likely shallow decline short-term

We can see tripple top forming on the 1h chart - and a lot of negative divergences: RSI, True Strength Index, Chalkin Money Flow. If the Tripple Top formation will complete, the decline will be modest $10. Interestingly, 4xForecaster got the same short-term support at $619 from much more sophisticated model. Long term (months) outlook remains bullish, although ...

Asterix Asterix BTCUSD, 240,
BTCUSD: Tripple top then couple of weeks of sideways below $610
1431 2 2
BTCUSD, 240
Tripple top then couple of weeks of sideways below $610

My somewhat educated guess what would happen. I think rising support line that stopped us last time at $538 will hold, but that the current (third) attempt to go over $610-613 will fail. This triangle will imho resolve upwards around the time of FBI auction of Silk Road coins.

Asterix Asterix BTCUSD, 240,
BTCUSD: Head and shoulders?
277 10 2
BTCUSD, 240
Head and shoulders?

We might have head and shoulders formation on 4h charts. Neckline is clearly rising on Bitstamp and Btce, so there is definitely bullish bias remaining. Neckline is flatter, but still rising on Huobi. To confirm, we should see price falling down through blue dash line, target price will be around $600 (green dash line). Many oscillators are showing negative ...

Asterix Asterix BTCUSD, 15,
BTCUSD: Short term bearish flag forming?
80 0 0
BTCUSD, 15
Short term bearish flag forming?

Looks like bearish flag is forming on 15 min charts on Stamp, Btce and Huobi as well. If indeed we see breaking down, to complete the pattern it should go down near the green dash line, around $600.

Asterix Asterix BTCUSD, 15,
BTCUSD: Critical support at $650?
297 12 6
BTCUSD, 15
Critical support at $650?

Looks like there is a triple top formation in 15 min charts. There is an obvious overhead resistance at $680, but triple top formation suggests the critical support is around $650. If we break it, the fall should go at least to $620. Interestingly, it was also published here that based on weekly Ichimoku clouds $650 is also a critical support. Any thoughts and ...

Asterix Asterix BTCUSD, 240,
BTCUSD: Turn for the worse
284 0 0
BTCUSD, 240
Turn for the worse

Not any elaborate analysis, just snapshot of the current situation. My working chart - with indicators borrowed from others around here - shows clearly how much have technical situation worsened in the last 24 hours. Any comments and predictions welcome :).

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