How I see the market is as follows:
Weekly close is coming near. A close above the green weekly hor. resistance would be very bullish. close below and imo it's a clear rejection with lower targets possible.
From a bullish perspective PA is above the weekly middle BB and hasn't touched the top BB yet. This target coincides with the white TL and an...
IMO these pivot points have always been the main resistances and supports for Bitcoin. Price has reacted every time it encountered one of those lines.
Therefore it is good to see that price has broken above one of those horizontal resistances. A close above 9.6k would set up a move towards 10.17k and more probable the next resistance line at 11.5k
A quick chart, but a good one.
This fib channel is a thing of beauty. Doesn't need much explanation. You can see how price reacts to the fib lines.
Price has remained in the top half since march 19th so a break of the median line would be notable. Every fib line has been respected very well by bitcoin so it would be safe to say that whatever direction...
I want to share a very special chart with you today. It is one of the most interesting charts I've made so far.
I have often seen people using curved TL's to encapsulate all of the PA of Bitcoin and predict when THE bounce will happen. And even though I acknowledge the use of the curve with for instance parabolic moves up or down I think you should take...
LTC found support on the 4H200EMA and the top TL of the triangle and just made a bounce. For now it looks pretty solid, but to be safe I want to see some htf candles close above these resistances.
Assuming this breakout is the real deal my bullish Elliottwave count would suggest a top target of ~$80 correlating to:
- the 0,618 fib line of the Pitchfork I...
I'm always on the lookout for that one amazing pitchfork that price really seems to respect. I think I found that one on Litecoin. This Pitchfork encapsulates all the price action of Litecoin very nicely imo.
It's the inside PF taken of the first three major pivot points and 7 years later price is still respecting those fib levels.
I've put the most...
I've been posting my ideas for a while now on Twitter as Cryptotoad, but I though why not also post on TV as here I am not limited by 280 characters:).
I'll be posting my analysis on TV from now on, but if you want to catch my daily posts on the crypto market plz consider giving me a follow on twitter.
Anyway let's get to it. I love using Pitchforks as...