Romeo_

Romeo_

Hello, nice to see you again.. Now I want to show you the possibilities for bitcoin price movement based on my indicator. Bearish divergence in daily time frame showed up with the orange, coincide with the price touched the upper channel line, and 50 Weekly moving average is stay on 5480. This mean that bitcoin stopped at heavy resistance around 5500-5600. As...

Romeo_

Hello, I'm back with current bitcoin technical analysis. I'm gonna show you the most useful indicator that most people use in forex trading, and I try to apply it on my chart. This indicator called T3-CCI. On the weekly chart we can see that the same pattern happened on bitcoin, same as 2014/2015 correction pattern. There were three down curve formed until June...

Romeo_

And now, bitcoin struggle on 6200-6250 range, at coinbase.. if it break 6250 with volume, it can go up to 6350.. But, I got a vision that bitcoin will repeat the triple top pattern. Seems like bitcoin loves this pattern so much :) This condition will bring bitcoin back to test 6000 level, if there is volume supporting the dip, it can go down to 5900 with a nice...

Romeo_ Updated 

Here it is.. another bigger triple top formed. BULLS, You need to get out of this, really.. What do you think? :) Triple top target based on triangle is around 6000..

Romeo_ Updated 

Now I want to talk about bullish perspective for bitcoin. As far as I can see, bear is weaker and the momentum is almost gone. IF the bottom was in, I can say that this is a healthy correction for upcoming months, IF the bottom was in this is the wave 2 correction and it can correct up to 5756 (as the bottom in finex was 5755) OR this is the beginning of wave 3...

Romeo_

In my oppinion Bitcoin is still playing several pattern with a key support level at 6100 and key resistance at 6400 and 6530. As long as bitcoin doesn't break 6100, it will be good for bulls that indicate big double bottom formation is in play coincide with the tripple top pattern finish at around 6120. But, IF bitcoin break 6100 key support level. Big bear flag...

Romeo_

Hello my friends,, In a week or two, bitcoin needs to make a decision whether to up or down. The chart shows several pattern that indicate the movement, from last weekend bitcoin shows a beautiful triple top pattern that shows us as a bearish reversal pattern, but it was holding strong at 6200 support line. When I see the bigger picture, there are 2 possibles...

Romeo_ Updated 

So far, bitcoin is struggling with the low volume in the market. All I can see, bitcoin still on a dead cat bounce and more sideway movement with low volume, it means that bears are still aiming to dump the market when it touch a certain price. The question is how high can it go before dump? My eagle eyes just telling me something interesting on this slowly...

Romeo_ Updated 

Bitcoin right now is still targeting the golden retracement at 0.65 fibonacci retracement from 8.5k high and 5.9k low on Coinbase Exchange. I can see this happened before, then it dipped exactly at 0.786 fibonacci extension. With this overbought market, I can assume that the maximum target is the same at the golden zone 7500-7582. After that, to finish the last...

Romeo_

DON'T THINK TO MUCH, THIS IS SIMPLE BUT REALLY WORKS!!!

Romeo_

Hello guys.. hope you got a lot of profit with this bitcoin rally.. Bitcoin is still heading to break $10000, I have my primary count that now bitcoin is on 5 of 1 wave and it still not done for more 2 days approximately. The complete Elliot wave count with the combination of fibonacci extension and retracement, bitcoin will hit the upper resistance at...

Romeo_

There will be another run up for NXT based on my TA analysis. The price now is on must buy zone. We will see the triangle broke around 14th to 15th January. This is the second chance for people who still hold NXT. BUY ZONE 2700-3000

Romeo_

Here is it, I got the same NXT chart pattern. Now NXT is in the accumulation phase, there is no high buy order book on BITTREX but the price still stable. Prepare yourself for the next RUN! What do you think? :)

Romeo_

NXT chart movement is still on uptrend. Before I share this idea we got new point at 2241, so here I can make other straight line that shows other triangle form. Now at this moment we got 2 triangles, small one with purple and green lines, big one with green and navy blue lines. The analysis, if the purple line broke, the price will go down to 1700-1800. If not,...

Romeo_

NXT fibonacci retracement, High point at 2200, low point at 1250. Combine with two straight lines, uptrend. It shows that it will pull back to range 1600-1700. I think it will be nice next entry, NXT still bullish until Hardfork on December 24th-25th. Catch the Waves!!!