ClearOpenDoor

ClearOpenDoor

The faint sound of 16,000 btc being released at once approaches....

ClearOpenDoor Updated 

Due to the tough trading range that btc has been in and its unpredictable behavior, I've kept up trying to figure out likely scenarios on price movement but am reticent to graph this thing when my analysis itself of it is fluctuating wildly. I am currently bearish on bitcoin. Very bearish. I was, however, really expecting a short but powerful move to the...

ClearOpenDoor

We may pop upward once more and tag the .786 line of the entire downward move from 41k down to 29k. Considering how btc has provided fakeout after fakeout at key pivot points recently, we may see one final jump to daily resistance at 39.25k in that zone. Or not. But either way, that .786 is totally in the cards.

ClearOpenDoor Updated 

There were some low timeframe hijinks that show whale accumulation and an attempt at a possible price reversal is happening. A kind of curved little bullish wave on the 3-min, some higher lows, a large 1-min bullish hammer where price accumulated, now trying to break upward. Seems like it will be difficult to do so after we had that big sell-off. Things suddenly...

ClearOpenDoor

The major resistance trendline has been broken through. Now we find resistance at the 36.4 level, which bitcoin will make quick work of after a small pullback. Increasing buy volume with continuous price oscillation upwards make for a tough shorting environment. Instead, wait for the right spots to long, take profits at 38k and open a short there if you'd like....

ClearOpenDoor Updated 

We may have just gotten front-run on both the .618 and the triple bottom. It's too early to tell, but I jumped in just in case. Presenting a massive triangle idea here. Seems probable that we will bounce higher, get rejected again and then make another higher low. After that we'll re-enter the 40's so, if I lose some money in the short term by not catching...

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I don't believe this. It looks like we may be doing a triple bottom after all. That way all the bulls buying higher on shallow pullbacks will get scared and sell at a loss and all the bears waiting for a double bottom at 28.8 or a lower low will wind up buying in higher again. I was hoping we were so bullish that we would attack the upper 30s with no more...

ClearOpenDoor

Greetings friends and travelers! If you are chart surfing and looking for a clean, simple and efficient bitcoin projection for the next week, look no further. Given the strength of yesterday's buying volume, we are likely to experience a lot more upside. It was the second highest buying volume candle of the year, the first of which led to a 3-week rally in...

ClearOpenDoor

STRONG buying volume today. We're reversing course again and will fight our way back up this broadening wedge. The monthly looks like death. The weekly shows that we're toast. Which is EXACTLY why this is the do-or-die moment for bitcoin. My money is in. I am betting that bitcoin will prevail here. We'll save the higher time frames and bounce all the way back...

ClearOpenDoor Updated 

Absorb a fresh set of buyers from the supply zone Pump back into the middle of the broadening wedge Get rejected, again Slowly deflate over the next two months until support finally breaks Panic-wick down to the mid-20s, then Begin steady climb toward new highs by eoy

ClearOpenDoor Updated 

We are pretty much at the bottom of the body of the previous weekly bullish hammer candle. This might be a good area to throw in a tentative long.

ClearOpenDoor Updated 

Low volume push to the upside to take out shorts. Possible to go all the way back up to the top of the master candle that got sold off so hard yesterday. After that is likely to continue drop into the low 37s before true bounce and another shot at brutally strong 41k range. If we fail the second time we are going down into the 20s; chances are high however...

ClearOpenDoor Updated 

We just had a ltf dump, then a pump, then a bigger dump through the support. Sell volume still increasing. I'm treating this as an ABC correction with 39.75k as the local B top. Targeting the red 1-hr 200-ema to close shorts and then going long.

ClearOpenDoor Updated 

A lot of people are saying this looks bearish and that this is the place to go short on bitcoin. While this is an extremely strong resistance zone and in fact it would make more sense to go short here, there are clues that lead me to believe we may break upward. For one, we are still making higher highs on every time frame close. For another, this is starting...

ClearOpenDoor

We continue to consolidate upward. Barely retracing at all. Building a large triangle on the 15-minute chart. Right under strong resistance. I have a feeling everyone waiting for a decent pullback is going to be disappointed. Get ready for a massive move from bitcoin. Very bullish. Something crazy like 20% or more if this breaks upward.

ClearOpenDoor

WABI/BTC has been in a strong downtrend for years now. Even the last alt season merely brought it back up to re-test the previous monthly resistance zone before falling back down. That being said, in a decentralized market do many coins go to absolute zero? If every centralized exchange delists a coin we have a growing number of decentralized exchanges which...

ClearOpenDoor Updated 

Okay so I'm really confused by this price action. We had accumulation and a clear harmonic pattern in play. I thought it was going all the way to the 1.618, apparently it got blocked HARD after breaking the 1.272. I'm thinking this might even be enough to force a temporary retracement. I've marked the probable bounce zone for you. The area towards the bottom...

ClearOpenDoor Updated 

We are in wave 3 now, which is the strongest wave. This last daily impulse upward should be proof enough. Shorts are getting systematically taken out. Oddly enough, the higher we go the more they continue to rise. This is the target I think btc may reach next.