Valeheights

Valeheights Updated 

Over 11400 I will open my shorts gradually,expecting a formation of a diamond top for a reversal of an uptrend.Lets see...

Valeheights Updated 

I took profit and closed more then half of my long position which opened at 9250.There is still room for an other upside leg that coincides with a dowtrend line (in the sands :)) To estimate how far it can go up,I used fib retracement which gives an idea about it.

Valeheights Updated 

This is becoming a bear trap.2nd leg was short and RSI didn't oversold,which means there will be a pullback.It seems to me there will be a false breakup the downtrend channel.It may be 9540,my estimation level that they can push it up.

Valeheights Updated 

In my opinion it is a good place to add shorts.3rd lower high rejection will bring us to new lower lows.

Valeheights

Fallowing patterns on a derivative charts is not a good idea,Bitstamp charts more reliable. We are headed to 8650,lets see if we can break it.

Valeheights

There can be an attack to 9600,then it will fall to 8650 to test the resistance.If it break down 8650 it will be confirmed to touch down 6500.

Valeheights

Likely to fall 6500 first to breakout 10000