JosephMoss

JosephMoss

You'd be like heaven to touch I wanna hold you so much. At long last love has arrived And I thank God I'm alive. You're just too good to be true Can't take my eyes off of you. Valli Frankie-1967 I wake up with these songs in my head, and somehow they apply to Bitcoin. As I said yesterday, we are going to go through a 2-4 day pullback, and that I figured it...

JosephMoss Updated 

I want to take you higher Yeah, let me take you higher Baby, baby, let me light your fire Ooo yeah, little bit higher Boom-shaka-laka-laka Kool and The Gang-1971 We are in the process of a little bit of a dip, while most were wanting Bitcoin to “take it a little bit higher”. This downdraft will NOT last long at all, maybe 2-4 days, if it doesn’t reverse almost...

JosephMoss Updated 

Carry The News.... I was looking for Oomph, and I noticed something very interesting this morning. The 9, 12, and 15 moving averages are crossed and rising, and just a little ways away from crossing ABOVE the 50 day moving average. This is a very positive sign if it holds and follows through and will probbaly signal a big push up when it happens. It almost always...

JosephMoss

As stated in my last update, the first resistance would be the 50 day moving average, with the next one being the bottom of the cloud. Our countdown lower didn’t reach 9 to the downside which means we could see a continuation lower or sideways if we don’t decisively break higher to at least 10,800 for today’s close and the green count numbers continue higher in...

JosephMoss Updated 

As stated before on previois charts we bounced off of the 50 Day Moving Average resistance and headed back down towards the 200, which will give us support around 8500. Watch the red numerals underneath the candles for a sign of a reversal towards the upside. These are the Tom DeMark indicators and from the looks of it, we will hit a 9 before going back up. A 9...

JosephMoss

As I said in my previous charts, Bitcoin was going to rally to about 12k-13k, which is where the 50 day moving average was at during the beginning of the rally. The 50 has come down some and currently the price is above it. The 50 is the mean price and prices always return to the mean. We also have resistance coming in at the fib, placing it square in the target...

JosephMoss

The only words I can think of is BEAUTIFUL. Looks like 12k and higher is on the horizon. An all time high of $28,000 in the next 1-3 months is not out of the question.

JosephMoss Updated 

We are riding the wave up to 12k, maybe even higher. As stated in my last few charts we were looking for confirmation by a close above 9200 on the daily chart, which did occur. Then we needed a close above 9500 for further confirmation that the bulls are in charge. That will probably be today. The chart shows resistance levels by Fibs, and the 50 day MA will also...

JosephMoss Updated 

#BTC #Bitcoin getting a nice pump today, currently around 9200. As I said in previous charts, a close above this would confirm a rise to around $12k, maybe more. 9500 would be even better. Please see other charts for further explanations.

JosephMoss Updated 

See that little blue cross under the last green candle, right around the 6000 level? (You might have to push the arrow for moving the chart forward to see it a little better. Tradingview placed it right over the last candle.) That is the Parabolic SAR indicator. It’s an important reversal signal. If you look at the little blue crosses on the chart, you can see...

JosephMoss Updated 

I have been in anguish about that 200 Day Moving Average. When I first started out with technical analysis the first indicator, and buy and sell point I learned about, was the 200. If your mutual fund, stock, commodity etc had a daily close above the 200, it was a buy signal and if it closed below it was a sell signal. While not perfect, using this with selected...

JosephMoss

Bitcoin is in a nice recovery and there is a correlation between BTC and the Nasdaq 100. (Not Shown). Nas is due for bounce and this will bring up bitcoin further. I am looking at 12k-13k for this leg, which is currently right around the 50 day moving average. Please see my last chart for further explanation of the 50 and how important it is.

JosephMoss

I haven’t done an update in a while, being content to watch. The 50 day moving average has begun to angle down, showing that trend could very well reverse and head lower. I haven’t given up hope yet as the real battleground will be staying above the 200. The 50 always shows trend, angling up, angling down. What you have to watch out for is if it flattens as...

JosephMoss

All Indicators now angling up. 50 day MA still shows trend is up. Was never worried. I’d like to see two other confirmations, Parabolic S.A.R. under the candles and a daily close above $15k and then $16k. All being said and done, we’ll see $64,000 by the end of 2018. Probably hit $23,000 intermediate term, and then consolidate again before going higher. $64K...

JosephMoss

The Truth. Higher Bitcoin Prices Coming. My purpose in making these charts is to use reason to dispel doubt. Our Key indicators will always be the 50 Day Moving Average and also the 200 Day Moving Average. When one looks at the 50MA they can see that the direction is clearly biased to the upside, so the path of least resistance is UP. This does not mean that we...

JosephMoss

Many have asked me about Ripple. The chart shows that it is currently overbought on some hype, but the 50 MA has turned up indicating a trend is beginning, but I don't like the stochastic nor that it is above the Bollinger Bands. The MACD seems to be looking to turn as well. This is a classic chart that needs a pullback for me to feel comfortable. if I were to...

JosephMoss

Sorry couldn’t resist. Looks like breakout is confirmed. We have all major indicators pointing up and 50 day MA also shows primary trend is up. The S.A.R. Parabolic, which are the dots above and below the candlesticks have adjusted to below which means higher prices, especially when comfirmed by stochastic and MACD. At this rate, I can see a steady rise to...

JosephMoss

Proper acknowledgement to the musical group The Carpenters. We are in a bull flag, triangle forming with a squeeze in the last few daily candles. (I have not drawn the triangle as I am on my ipad, bit you can see it pretty clearly over the last few days.) I would expect that as the holidays get closer prices will flux and consolidate until around the 21st of...