price has fallen downward and is testing the lower edge of the 4 hour cloud.
4hour cloud has twisted bullish
rsi is nominal
stoch rsi nominal, pointing downward...sort of
volume is bearish on previous 4 hour candle
proprietary tool says we are going sideways
25.960k long vs. 38.49k short on btc/usd pair for bitfinex
I believe there is more...
I think there will be a short squeeze.
over 32,600 are short on bitfinex, while only 25,212 are short on btc/usd
likelihood of a short squeeze increases significantly, unless someone knows something else.
We may see eth/usd goto $322 or higher as well IF btc/usd goes up a couple hundred...but that is another chart.
Trade at your own risk, this trade can totally...
Daily Double Ichimoku shows $880-$900 as a target.
I would not margin trade this, because it can be a bulltrap (I doubt it, but possible).
Next possible targets would be $1120, then $1265...
Longterm targets for this year are $2700, $3k.
50-200 ema - bullish cross on daily? has not confirmed yet, but looks likely.
We might have a Kumo Breakout on daily...
Price closed below double cloud on daily candle.
Stoch is so-so.
RSI is so-so
12hr 50-200 ema will occur in a few days
2D bearish tk (not sure how much weight this has if any at all, will be watching, 1d was very interesting)
Q1 I think is bearish for the most part.
btc/usd might fall through cloud on hourly and then bounce on 200 ema.
the red line below cloud.
may be dead cat, but overall bitcoin is still bullish...this is a very short-term trade.
additionally, the price could just wick off inside of cloud and bounce, but I don't think it will after such a hard push upwards this week.
I think btc/usd is currently in leg B of an ABC correction. This mean we are going up, but not to a new high. This idea would be invalidated if we hit a new high (obviously).
Drawing a pitchfork on daily or 4h says we can expect price to head further toward the median at around 5800-7200. My best guess is we goto 6800-7000 and see if we can close above median,...
The other stuff shows we hit a new ath, but about 16-30 min ago we can see a memo saying segwit2x was cancelled.
I'm pretty confident we will see a correction in btc/usd and alts such as eth/btc start pumping.
Additionally, we can see a wick off downward on 4 hour.
double cloud has twisted and says bearish on 1 hr
cloud is red
this also means price can be above cloud and twist and easily come crashing through to 200 ema ~6900.
If you guys are going long, i suggest putting in stops as anything can happen.
resistance to test would be around 7350-7400, and 7630 (ath)
td, says we are doing ok, 30 min says maybe bearish.
RSI: 81.9458, If we look at daily, when RSI reaches over 81 and stoch goes (100,99.x), BTC/USD usually has a significant dip.
Stoch RSI: (100,99.2922)
TD Sequential: The current candle currently shows a 9. The only conflict to this is that the 9 candle price has gone higher than the 8 candle on previous day. A #9 means we can expect a dip on the next daily...
Conversely Drake's song "started from the bottom".
target for taking profit $5400-$5500
Target area is right before 200 ema as most BTC people are very bullish. I suspect a bounce before or on 200 ema for 4 hour.
-BTC/USD has been buckling for weeks.
-Volume is dropping off as well.
-4hr stoch rsi (94.8,94.789), suggesting overbought on 4 hour and...
Block #491407 has occurred in bitcoin's blockchain.
This implies Bitcoin Gold Snapshot should have been taken.
I suspect massive dumping and money will exit crypto markets as well as move laterally from btc to ALTS.
I suspect correction to ~$5350 level or lower.
Please note that the long-term trend still says BTC/USD will goto over $9k.
One thing I love to do is study ichimoku cloud patterns for eth and btc.
btc/usd has went through cloud on 1 hour.
I don't think it's done yet.
If you switch to 2 hour we can see it will likely crash through cloud soon, as well. I'd be surprised if it did not.
Daily says we are still likely, in a correction.
4h says it has reset for fuel.
2hour shows high...
Youtube stream of Ethereum Developers meeting recorded here:
Metropolis Hard fork set for 10/17/2017 block# 4,370,000 (will have to double verify, but I believe its correct)
stoch rsi on daily 85.7719,85.9971, slightly overbought
rsi 50.4481, nominal
50/200 - still bullish
price is below cloud
tk cross: bullish...
I am just holding my btc, but I think we will see btc/usd goto ~4k (or close), then fall to 3k, test support, then ~2785 and perhaps even test ~$2600 btc.
-4hour stoch rsi is already reaching overbought - 91.6,83.5 (overbought and running out of gas)
-4hour rsi 50.2 (nominal, but approaching overbought levels, closer to overbought than oversold)
-price is below...
- 4 HOUR shows a long signal entry as 50 EMA has crossed 200 EMA from bottom on the 4 hour, about 12 hours ago. This is a strong signal to try and go long.
-Stoch RSI is at oversold on 4 hour
-RSI is nominal
-my proprietary indicator shows uptrend.
-weak, but bullish tk cross 2.5 days ago
I think we will see price drop a bit more in the next 4-12 hours, then...