Now is the time to get your shorts in, as the next 2 weeks are appearing more and more bearish.
Using 4 different channels (beginning 6, 3, 2 1 weeks ago), we can see a clear down trend with targets being hit almost on point.
Below are my 2 week price predictions (12 days, actually).
AUG 3 -- $9,100
AUG 5 -- $9,600
AUG 8 -- $8,100
AUG 12 -- $9,100
AUG 14 --...
Since price action always seems to avoid the perfectly symmetrical lines I draw on my charts, I drew these lines to represent my feelings and attitudes towards everyone and everything in my life. Thank you for liking and following. I will update as more price action occurs.
If $BTC breaks down from this descending triangle, we WILL see it hit $8,500 in the next few days. If it breaks north of this triangle, we could see it run to $12,000. I put the odds at 25% going to $12,000 and 75% going to $8,500.
We've seen $BTC break out of the descending triangle. This was predicted, but we need to pay close attention to the top of the descending triangle. We've seen one bounce with 30 min candles so far. If we see three bounces off the top of this triangle with 30 min candles, I will close my short and go LONG to at last $10,240 range, up to $11k.
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Descending triangle is coming to its point, and I predict it has a 75% chance of breaking down. If it does, look for resistance around $7,600. If it breaks out of the descending triangle, wait to see if it is a fake-out, and if its not look for a $12,000 $BTC price.
I'm placing a short at $9,600 and will adjust as needed. I'll keep this post updated as things...
For those who have ben following my work, you are aware that I have been going long on ETHBTC over the last few days. We are currently in an accumulation zone, which is akin to the calm before the storm or decreased volcanic activity before an eruption.
This type of charting technique is one of my favorites. I don't know what it's called, or who came up with it...
Many believe that since a multi-month resistance has been broken through, $ETH is set to plummet to the depths of Hades. Ladies and Gentlemen, were this the case, $ETH would already be absorbed by the flames of wrath and fury. Rather, look to Thor for answers. His hammer has spoke. $ETHBTC will rise again!
Looking at a weekly chart spanning over one year, we can see a channel has formed. This channel has held up consistently with great precision over the last year. I think we will see $EOS price double relative to $ETH over the next four months.
Market has been testing the $10,8k level the last 18 hours, and has yet to break through. It is clear that the market is wearing thin of it's bullish tendencies. It also follows my TA well that $10,8000 to $11,400 will be reversal territory.
In another FUD-induced scenario, we could expect BTC to fall to $5,000 - $4,600. Check yourself this weekend, as...
Over the last week we saw ETH take a hit relative to BTC. Per my analysis, ETH is oversold relative to BTC, and we will soon see a price correction between the two currencies as money flows from BTC into ETH.
Right now, I can see a price target of .130 reached within 10 days. Whether it hits this target or not, I think we are in for some good...
At work so can't get into too much detail right now, but I think the graph, title, and above sentence lay it out nicely. Be wary!
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If the Asian Bear comes out tonight, we will certainly see prices drop to $7,200 and pause slightly before dipping further.
BTC is due for a revival, but we cannot expect it to happen in a day. Play the ups and play the downs , or HODL if you wish.
1 hr MACD is showing downward momentum. 2 hr is dipping down.
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Many of my posts were deleted by mods because I included my Twitter handle in the post. I wasn't aware of the policy against that, so I'm reposting my most recent posts.
Originally posted Feb 06, 2018 @ 4:40pm PST
BCHUSD BTC BCHBTC
I'm having fun today with some experimental analysis. Perhaps I'm forcing things here--or perhaps I'm onto something.
With the sell-off we've experienced this last month in the crypto market, it's hard to make any price projections that hint at big gains. However, these posts and predictions--whether they come true or not--will provide a framework for future analysis.
Using fibonacci timezones and trend lines, one might expect the currency pair BCHBTC to double in value. I,...
We see a 4 hour Tweezer Candlestick Pattern forming. This is a good breakout indicator. It's risky to take a long position right now--I recommend waiting for a confirmed Tweezer and AT LEAST a confirmed 1 hour green candle after that.
Candlesticks are powerful tools when used alongside other indicators and market intuition/behavioral finance. I am long BTC so...