TravisSavo

PRO
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About me I go by T, or Robert.
Joined USA
Markets Allocation
Top Mentioned Symbols
BITFINEX:BTCUSD 50% | 3 COINBASE:BTCUSD 33% | 2 BTCUSD1W 16% | 1
TravisSavo TravisSavo PRO BTCUSD, 45, Short ,
BTCUSD: It's decision time for this movement.
97 0 6
BTCUSD, 45 Short
It's decision time for this movement.

We are starting to see breaks below the trend line, signaling a reversal of trend. It either has to go above the lower trend line, or enter a new pathway that won't be upward based. With the closing of futures, and the arbitrage still being wide, I'm expecting a collapse here in the next few days.

TravisSavo TravisSavo PRO BTCUSD, 45, Short ,
BTCUSD: The slow breakdown
71 0 6
BTCUSD, 45 Short
The slow breakdown

We're still seeing a slight upward trend, but it's following a massive breakdown, and it's on low momentum with resistance lines on the 1400 holding the index fast below. I'm still expecting another 250 dollar loss before it can gain traction again upward.

TravisSavo TravisSavo PRO BTCUSD1W, 120, Short ,
BTCUSD1W: The bear opens it's mouth...
29 0 5
BTCUSD1W, 120 Short
The bear opens it's mouth...

Bitcoin is hours away from the futures closing. As you can see from the chart, the arbitrage has gone wildly out of control and the dynamic range on the index has tripled. This is a bull trap if I ever saw it. When futures close, this is going to come crashing down.

TravisSavo TravisSavo PRO BTCUSD, 45, Short ,
BTCUSD: It's decision time!
54 0 2
BTCUSD, 45 Short
It's decision time!

We had a trend reversal and consolidation against that lowering trend. Now it's time for the rubber to meet the road. Looks like we're headed down....

TravisSavo TravisSavo PRO BTCUSD, 60, Short ,
BTCUSD: Arbitrage signals bear breakout on BTC/USD
32 0 0
BTCUSD, 60 Short
Arbitrage signals bear breakout on BTC/USD

We're seeing a pull down from BTC-e against the other major exchanges, signaling an eminent breakout below the current support. Expect a return to 230.

TravisSavo TravisSavo PRO BTCUSD, 30, Short ,
BTCUSD: Mini H&S formed on BTC/USD, return to 235 soon.
45 1 3
BTCUSD, 30 Short
Mini H&S formed on BTC/USD, return to 235 soon.

We've seen the market test 232 twice recently and not been able to get below it, but now we're seeing this downtrend continue while 2 indicators that are time cycle correlated signal a strong overbought. A return to 235 is almost certain.

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