DowBits

DowBits

The chart tells everything. Isn't it? Where are we heading here? As you can see, Bitcoin closely follows a rhythmic pattern of 152 weeks of cyclical bull runs. Can this be a prolonged run given expected institutional participation post ETFs era? Cathy Wood thinks it's having towards 1.5m, which is the top boundary of the long-term channel. What are your thoughts?

02:09

DowBits

Happy Trading fellows. The Bitcoin should resume it's bull run and test all time high in coming months

05:20

DowBits

Even prices are below 200 day MA, I think market is not very predictable. The 200 MA test will trigger more volatility. Be cautious with your trades. Happy Trading!

03:34

DowBits

Asymmetrical triangle or descending triangle. Well doesn't really bother me and here is why?

06:58

DowBits

Happy Trading

03:43

DowBits

The market could break either way but trading below 50 day MA isn't looking bullish. Most ALTs also trading below 200 day MA so there is divergence there too. If the triangle break lower then fib level .5 and .618 should offer support. On the up break of the resistance level around 12,500 will favour the bulls.

04:09

DowBits Updated 

COINBASE:BTCUSD In this video, I am building a case of a 9000 bottom. Over a short term we should see the retest to the 11200 resistance followed by 11500 price target. If market doesn't revisit those levels in coming week then we need to revisit if the bullish case holds.

16:04

DowBits

Hi All, Hope you enjoy this video. To get the copy of excel sheet, write to me at info@dowbits.com.au :) Happy trading

DowBits

CRYPTOCAP:BTC Back in 2017, we could see that ALTS market cap was lagging BTC by the margin of 2-4 weeks. BTC was a defacto currency people would buy first before they get into ALTS however see the correlation in 2019. The lag had disappeared. Money pumping in ALTS and BTC happening together however BTC still quite dominant than ALTS at this stage. Most reputed...

10:01

DowBits

Hi Guys - This is a follow up video from the previous one where I shared the elliotwave counts for the top coins. If you haven't seen the last video then have a click to the link for the related video.

11:59

DowBits

Price analysis for: Enjoy the video :) COINBASE:BTCUSD COINBASE:BCHUSD COINBASE:ETHUSD KRAKEN:LTCUSD KRAKEN:XRPUSD

01:50

DowBits

BITFINEX:BTCUSD Hi All, BTC has retraced to a level where it's looking interesting. I would wait till we see some bullish confirmation but looks like it's not too far away.

DowBits

Many guys are out there still calling for short based on unreliable indicators and cross overs. The monthly chart, we have now 3 motnhs hight and looks like it going to close very strong in May. The monthly MACD is about to cross over. Any pull back offers great opportunity in this market.

DowBits Updated 

COINBASE:BTCUSD The rally has created super excitement with Bitcoin eying 10,000. It can be easily classified as Mother of all rallies however it also looks over-stretched. Based on the above wave count, it should be the final phase of Wave 5 circle in the Bigger Wave 3. If this wave count is correct then we should see wave 4 correction sometime soon. How deep...

DowBits Updated 

This is the weekly chart of BTC. The pattern on weekly RSI is quite clear. Below 50, bear market. Above 50 Bull market. The recent surge has taken weekly RSI above 50 and you can see it was the level of resistance throughout the bear. There are many other indicators which would point to same bullish momentum. You could still go for short but this is not 2018 so beware!

DowBits

Zec is bouncing off the trend line. Potentially reversing the bearish counter-trend. The upper channel line is above 1000 mark. The all-time high was around 818 in Dec so lot of rally potential. At the moment looking good for entry in a long trade. The profit target would be between 700-1000 mark.

DowBits

ETC has been hammered against ETH but here look like a 10X opportunity for contrarian investors. Volumes are low, no one interested so there is an opportunity to get in before others get interested. All minimum requirement for the diagonal triangle have been met. Looks like the low is already in place or it would form in the coming sessions. As with any low, the...

DowBits

POLONIEX:NXTUSDT Tide is turning for NXT. As the old adage. Buy when everyone else is selling. The minimum Finonacci upside is 38.2% of recent correction which is 1.05 even if the downward trend continues. The current correction has almost erode 80% of value so we might already have already seen the bottom. In that case, it should revisit the recent highs above 2...