FenixCapital

FenixCapital Updated 

We have witnessed a great battle in recent times, and much to the relief of many, saner heads have prevailed. 1) In a textbook breakout pattern, we have recently broken out of the downtrend line and came back to touch it before taking off again. I waited for the recent bounce on the line as there was the possibility of reentering the bear channel as price did on...

FenixCapital Updated 

Get this guy to the hospital, he's not looking so good.... If you saw my previous analyses (linked) then you will know I was consistently calling retrace bottom @ 9900 - 10k where the lower center pitchfork line, multiple intraday low, AND 4H 200 MA were all clustered. Evidently that didn't end so well. As trading plans work, if the technicals that a plan is...

FenixCapital Updated 

This makes our jobs a bit easier! 1) Ever since the bottom on 06/02/2018 you can see every single daily candle on ETHUSD (left) has replicated that of BTCUSD (right) (including volume ) to the T! 2) Furthermore, even though it happened ~1 month later, ETHUSDs bear trend followed roughly the same shape, wizardry? I think not! Fractals is all it is, which are...

FenixCapital Updated 

I've been watching this pitchfork evolve since it first began and it has been reacting religiously to its levels, providing clear, concise, and profitable signals. The signal we are playing here is the bounce off of the median line and the local high ~1.251 which is expected to retrace to ~1.233 the local S/R line that coincides with the lower center pitchfork...

FenixCapital

Netflix has formed a textbook double top coupled with a drastic drop on the RSI, showing a significant likelihood of bears taking over the short term trend. Target 1: 0.236 fib @ 238 Target 2: 0.382 fib @208

FenixCapital Updated 

1) We just had a great run up very close to the bearish downtrend line and are surely overextended with divergences on the 1H RSI/MACD. 2) The recent move down pushed the 1H RSI very low which is excellent because one more push will put it clean into the oversold territory, setting up for another continuation upwards. 3) Since it didn't actually complete the...

FenixCapital Updated 

Hello lads, I hope you're ready for some action. 1) BTCUSD is forming an ascending triangle (very obvious on lower tfs) which it is set to breakout of tomorrow. 2) Anticipating a break from here up to the intraday S/R line ~9900 that coincides with the lower center band of the ~2 1/2 year pitchfork recently generated so I will be taking profit there, 3) then...

FenixCapital Updated 

If there is anybody out there still alive, it is not too late. BTCUSD has completed an excellent V bottom in it's historic fashion, complemented by record buy volume to boot. 1) The 6H chart (left) formed a clear bullish divergence from 10k -> 6.5k which is nothing short of ASTOUNDING considering price dropped ~40% and RSI still DID NOT move lower! Bears are...

FenixCapital Updated 

Waves has recently broken its medium term uptrend that has supported it for a few months. It just came back up and bounced off the lower side of it, proving its resistance. The next support that it will drop too is in the 50k sats range. Current downtrend is consistently curving downwards, indicating that a short quick drop down to the supply zone will be...

FenixCapital Updated 

Bitcoin has just completed it's historic bear trend repetition where it dumps back to the ATH prior to the previous bear trend (this one being ~7600 -> 5500). Turnaround was confirmed with the massive bullish 4h candle which has historically marked every single turnaround, complemented with huge buy volume, the likes of which have not been seen since the last...

FenixCapital Updated 

This is the last supportive uptrend line for powrbtc before it dumps to 3000-5000 sats. If it bounces here and breaks the downtrend line we will have a clear shot back up to ATH range around 14000 sats. Entry: 6800 Stop Loss: 6050 Target: 14000

FenixCapital Updated 

Today we are longing DNT/BTC on bittrex at 1000 sats. Price is approaching a major long term uptrend line that has shown its strong support many times. This is where we will be buying. Compared to historical buy volume, there has been a poor display of bear selling in this bleed out, with volume currently at its lowest, showing the bears are going back into...

FenixCapital Updated 

Ethereum Classic is continuously pushing lower with lower lows and lower highs, pushed downwards by the white downtrend line formed at its ATH. It appears it is soon to break down to the historic demand zone demonstrated by the significant volume on the volume histogram on the right hand side around 0.0021 at the 0.618 fibonacci retracement line formed by the...

FenixCapital Updated 

50/200 MA crosses are strong trend indicators on any time frame from the 5 minute for scalping, to the daily for long term trends. The 50 MA recently crossed bullish over the 200 MA on the daily time frame and the last time this happened ETHBTC increased by 530% from the low after the cross to the peak before it came down again. If this happened again it would put...

FenixCapital Updated 

Substantial project with real world demand and successful partnership trials already underway. Longing in the demand zone around 8600-8300 and holding until ~33000 (2.618 fib extension). Great undervalued project at only 300m USD with a potential growth to >10B in coming years in the 10 trillion USD energy exchange market. Entry: 8500 sats Exit: 33000 sats Stop...

FenixCapital Updated 

Dash is setting up to to retrace ~40% once again in its perpetual cycle of monstrous gains and drops in inverse correlation with bitcoin price movements. The target for this one is the 0.236 fibonacci line around 0.037. Entry: 0.069 Target: 0.038 Stop Loss: 0.073

FenixCapital Updated 

Bitcoin has recently picked up a pitchfork created from the past low at 3k and the previous bearish trend from 7800-5500. It recently moved all the way from bottom to top of the pitchfork suggesting it is most likely to retrace all the way back through from blue line to blue line (as it did). I expect another touch of the bottom blue line on this daily before a...

FenixCapital Updated 

Entering oversold territory with a strong bearish divergence on the 4H, expected to play out the same way as the pattern on 08/09/2017. Target is the 0.236 fibonacci line (formed from the top at 1900 and bottom at 1050) which coincides with an uptrend generated by the last bearish retrace. Entry: 1340 Target: 1260 Stop Loss: 1352`