HorseyTim

HorseyTim

Reasons why bitcoin is bullish : - Good news on crypto in general. Volume may return and we may see sustained growth Reasons why bitcoin is bearish : - Decreased volume with price up. Means there are alot of bagholders just ready to drop. - Hidden bearish continuation on daily. The technicals say bearish but I would rather not short. Best to not trade BTC atm.

HorseyTim Updated 

The final piece of the puzzle is an inverted hammer. That usually means its sign that prices will have difficulty rising. Smart money usually exits when they see a hammer. It's a very textbook short signal and bullish trend reversal. (on top of the other trend reversal signals) Can't short now though. Need to see a daily close as a hammer first. May come in a few...

HorseyTim

Return to the mean. Where XRP is the most healthy for sustained growth.

HorseyTim Updated 

Dear Traders, Here's my gameplan. I'd like to test to my TA against this newly formed trend. I'd use this also to take profits on my alts instead of analysing them separately. Once BTC hits the main resistance. Sell it.

HorseyTim Updated 

Dear Traders, Here's the plan. Buy when the histogram starts to touch the line. The opening is going to be really small so try to get it as pinpoint accurate as possible. I can't pinpoint the price but I estimate 5.7k to 5.2k. If we go sub 5k then the deal is off. Also, take tight profits. 7k to 7.5k should suffice, we are in a bear market and we can't afford to...

HorseyTim Updated 

Dear Traders, wait. Wait for the final wave to complete and look for an extremely safe buy signal and then enter... or keep shorting the dead cat bounces. Buying now ill advised unless you know how to scalp.

HorseyTim Updated 

Neo is probably the first alt that I feel has already touched the mean. We could go lower if bad news affects the market. The RSI is spring loaded with a very heavy exaggerated bullish divergence. Neo is a solid asset methinks. The market is already full of blood and fear, but this could be the turning point. An opportunity.

HorseyTim

There is a possibility for a flash bounce coming up soon. There are major bull divs on the RSI and MACD where the moving averages point upwards. While it is quite possible that we may continue to break downwards due to the death cross on the daily, that happened 8 days since this article. The 4hr would suggest a quick turn around. Also about the G20, I think the...

HorseyTim

The market got a little too euphoric at 11700. This is probably the cleanest example of elliot wave theory happening so far. Bitcoin will probably recover, but in the meantime the chances of us hitting 6k is actually becoming more and more probable. I have shorts opened at 10600, 10800 and 10900. One more note : No point holding onto alts as well. They're...

HorseyTim Updated 

LTC just broke out and did a wave 1, I'm hoping to buy the dip (possibly around $200-190) when the opportunity arises. If history repeats if lite pay is a resounding sucess. I'm pretty sure LTC will have a bright future in 2018 and take 4th place in the crypto market. (It's a solid contender) I posted this idea mostly for my own reference.

HorseyTim Updated 

XRP will be the first Crypto to go corporate. Cue elevator music, we're going to the top floor !

HorseyTim Updated 

I see a pattern forming here. BTC will recover no doubt, but it can't possibly be swift. But that's okay, I'm prepared to hold my bags like the Winklevoss twins. In the meantime, its good to brush up on our TA's so that next time round we are more prepared. It's an expensive lesson, but the insight gained from this ordeal is worth it.

HorseyTim Updated 

Dear Traders, Identifying trend reversals is one thing, but knowing what time to do what is also important ! Like wearing sunglasses and hat in day and carrying a flash light at night is of great importance to survive. Seeing a hammer may be enough to spook you to sell/buy, but more hints always helps, like the RSI before making a decision. But from what I can...

HorseyTim Updated 

Dear Traders, I see some hints that the time of the bears have passed for now. Either the markets go bullish now or we see some consolidation in the upcoming days. But i'm leaning towards bullish, the RSI seems to be in a good spot for a strong reversal. Nonetheless, I think this has been a good correction. It should sober up the markets for a bit and I've...

HorseyTim

I have a funny feeling that the world wants us to get hooked on cryptos. Is it an agenda for a global currency system? Or maybe it opens up the possibility that one day gold will lose its ability to be a speculative asset and will be used for cabling and electronics thus opening up a whole new tier of space age technology? This analysis may be a long shot but...

HorseyTim Updated 

Hasn't quite formed yet... but considering that 1.0 is a strong support level. It's quite possible that a reversal is in order.

HorseyTim Updated 

The South Korean government wants to regulate Crypto. All's fine and dandy until the journalist show up and willfully mistranslate to create FUD. The Pennant may look like its going into a downward trend, but that's coincidental because of the news. (Alot of other cryptos are also affected at this point in time 16/01/18) Once fundamental news is factored in, it...