Playing out as planned (see previous posts) Expect a pullback before we move higher. The next channel has some heavy resistance (7500-7800) so there is no need to FOMO in. If you held from the bottom now will be a good time to lock in some profits and wait for some consolidation for the next move. My target is 9800-10,000.
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Mirroring 2014 to a T. Most are looking for 1,000-5,000 for the bottom. I strongly believe the Bottom is in, due to the fact that Bitcoin is an asset and like other assets they mirror previous market cycles.
Still wise to take profits because this a very speculative space. I will keep 20% long and swing trade 75% of my capital. GL
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As predicted! Looks like we have our bottom for the next leg up and possibly the year. RSI divergence was key and a break above downtrend will be great.
But I think we will consolidate before breaking out of the trend. I outlined areas of resistance for those looking to scalp and make swing trades. Try not to FOMO because I do see some consolidation before a...
Look at the previous bear flags. Dramatic fall after the break out of channel, with the exception of the most recent one. Speculating here, like I said a breakout is coming in one direction or the other so trying to find anything to help. Parabolic extension support around 5100-5500 incase this doesn't play out.
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Looking at the ETHBTC chart and we are seeing some long lasting market structure that has yet to be broken. Everyone is using USD charts when maybe the ETHBTC chart holds the key to the future.
Interested in hearing opinions hear so leave some comments.
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Comparing 2018 price action to the ONLY other bitcoin bear market 2014. Similarities of price action are remarkable and time of the year seems to be off by a month or 2. Triple bottom with low volume, along with the decline percentage off highs being the same.
Fundamentally the worst has happen and imo it cannot get any worse. Crypto is so technical based I...
Very crucial time for Bitcoin. Will it follow the same old bear flag pattern and drop lower (little support below 6000-5800) or make a bull break. Tight trading ranger and RSI confirms the tight price action.
Fundaments: Stock market looks a little weak, could poise as a reason to leave equities and hop into crypto. Bullish news seems to be trumping bearish news...
Bitcoin responded well to the buy zone and bounced off crucial support.
Positive divergence off oversold RSI levels. Being very cautious of this move due to the lack of volume and liquidity in the crypto market. My plan is to play the hourly and 4 hour chart for short swings while holding long positions.
Keep the BTCUSD Shorts chart in mind too.
Lack of volume off the bounce along with FUD has me thinking this will go lower in the coming days. seems to be following the same bear flag set up as before (long red selling candlestick followed by dojis)
DONT be fooled, the game now is to preserve capital and wait for opportunity. Scaled in 15 percent at 6600 and I have buy orders all the way down up to the...
Not saying Bitcoin hasn't previously disregarded TA patters. 8K held up fairly well wouldn't hurt to add a position here and see if this falling wedge plays out. Will make some sense with the ending of consensus and a reduction of FUD articles. Tutes can use this as a good loading area, but be cautious just speculating.
My gamble of the year. Small position and taking a bet on this Accum/Dist divergence . These ETF/ETN's went crazy the last 2 days in a very confusing way. Putting some YOLO money in this to see what happens.
Big Market picture. Better to wait on sidelines especially with earnings creating bag holders don't get lost in numbers this is all technical, can't wait to load up on some good tech stocks at low prices =] . Hold tight and be patient till the market does its thing.
February will be a deciding month for LTC and Crypto in general. Was comforting to see BTC bounce off 8000.
I remain neutral but I have taken advantage of this dip near support. GLTA
Fundamentals to keep on mind:
- Fed rate hike
- markets preparing to pullback
- Chinese New Year
- Tons of FUD Around the crypto space (media, talking heads, etc)
* My theory:...
Needs to break that upper trend-line. MacD and RSI curling for a move and with BTC momentum this could go higher. But that descending triangle is something to be concerned about. I have been long since under 100 but if you are waiting to get in its safer to wait for a break of resistance. COINBASE:LTCUSD
WPCS great breakout. Indicators looking bearish and slightly broke trend. Will revisit under a dollar, Merger news can take this very high but it is important to manage risk. Especially since company has a history of dilution.