Nice rally with expected top at the .618 fib level . I target the breakout of the 4.2k level as a future support. (S/R flip) I still expect Bitcoin to fall below 3.2K.
Quick update. I expect one more touch with the .618 fib, it's like a tradition to get double rejection from it (also double top). Then I think we will see the continuation of the major downtrend to new lows.
Honestly I didn't expect this to happen, but also I'm not that surprised. It's been a tradition for the price to hit .618 fib extension of the previous high: I'm still bearish and I think that during 2019 we'll visit the low 3 000 and possibly even sub 3K (I still have my bottom target of 1800) because: 1. Still in macro downtrend channel 2. My...
Bitcoin had an amazing couple of bullish weeks, marking higher lows and making highers highs. Today we broke past the 150MA on the daily chart (although the price was rapidly rejected to lower levels) and now we levitate around it. What I don't see is volume confirmation. Since the late December rally the volume has been in steady decline, while the price was...
As you can see it's 5:1. Whenever the two sides were that imbalanced a huge move occurred and the direction was always to the less crowded pole.
Although I have be mainly bearish during the last 3 months I have to admit that Bitcoin is showing some strength right now. No significant dump in the past weeks and we saw a cascade of higher highs and higher lows. However BTC is still under the 150 MA on the daily. But even if we hit the bottom in December and now we are going thru the accumulation phase don't...
Exited the channel and couldn't retest it. Looking better for shorting than for longing.
Will start with the FA and the fact that Litecoin's github was very inactive during the past year. Technically, taking a look at the price action, Litecoin ran out of steam and it time for some retracement (it has done more than a 2x since it hit Charlee's target for 20$ per LTC). I think we will see a significant move in the near future and the BBW is confirming...
I've made the mistake to try shorting BNB. The setup was looking concrete strong and the price was moving in my desired direction. However I've forgot something very important. The media power of Binance... CZ is one of the biggest CT heroes and whenever Binance announce something the price goes upwards. The last thing was about the IEO and the mechanism of...
Landed well on the fibs. Divergence with the AO. +Great FA. However, BTC can always ruin the party.
The 150D SMA has been acting as a strong resistance before the 6k crash, lets see how the price will react this time. If the MA holds I'm expecting a fast dump to 3k or even sub 3k levels. If the price however goes above the MA chances are that a move to 4700 is possible in the short therm. However there is a chance of a fakeout that will trick a lot of people to...