Whats up Peeps, Check out the head and shoulders forming on XBT/USD (Bitcoin). I'm tracking a few option possibilities, if neither one of these routes takes shape, abandon the idea. Yellow - Option 1 Cyan - Option 2 White - Previous Support / Resistance Looking for a close below the 'Neckline' to SHORT / SELL Bitcoin. Looking to Buy and Close the position in...
Whats up guys, Tracking a potential double bottom on the 15min Gdax. Looking for a breakout above the 'neckline' for confirmation to go long. Bitcoin is likely entered into a bullish pattern, however, further declines are still possible before continuation in the Bullish direction, so use caution on your trades. As always, intelligent disagreement is...
What a crazy ride!!! Bitcoin bounced so hard off the 200MA like it did in mid March - (both bubbled on the chart). I would expect to see bitcoin retrace (possibly another nudge up to 9800+- before a decline. I think that bitcoin has exited the Bearish (red) downtrend channel, as the upper trend line has been broken on both the Non-Log and Log Scales. Look for...
Bitcoin is at the Top of an Ascending Wedge - Bearish Signal Bitcoin is severely Over Bought on all time frames with the RSI Bitcoin is still bearish and within the bearish downtrend channel on the Log Scale My Best Guess is that Bitcoin will dump at around 9400-9600 down and begin a descent into the upper 7's / 8k. Purple Lines - Speculative Ascending...
Rising Wedge(Purple) / Head and Shoulders (Yellow) Upper Major Downtrend Channel Line Red Log Scale Chart DYOR
Explained on the Chart. As always - intelligent disagreement welcomed!
We are at the top of the major downtrend channel - I still have a bearish sentiment in the near and medium term. This chart and most of my others are completed using the LOG scale - as i will always do on a long term outlook. Red Line - Major Upper Downtrend Line Cyan Lines - Speculative Bear Flag Route Purple Lines - Speculative Bear Flag Lines Yellow Line -...
Short Term Bear Flag Painted on the 5 and 15 Minute BTC USD Chart Wait for a 5min Bar Close below the lower flag line - and short - Target Close around 7600-7700 Medium Leverage Tight Stop Loss in case it reverses fast LEGEND Purple Lines - Speculative Bear Flag Lines As always, intelligent disagreement is welcome www.bitmex.com
Short Term objective of 7950/7900. Scalp Opportunity
Hello All - Crazy Times in the Crypto World - Some very important Trend Lines are approaching and I am very excited to see how the market reacts at these points - Specifically, the Upper Red Major Downtrend Line as well as the Upper Cyan Speculative UpTrend Line - I feel like we're in a teetering point here where this market COULD go HUGE in EITHER direction....
ADA/BTC Bull Flags have been successfully being painted for a few days. White Lines - Previous Support and Resistance Purple Lines - Speculative Bull Flag Lines Buy Target - Above Top Flag Line (Purple) - Sell Target - Green - > Red Area of the range with increasing risk Wait for a confirmation above the Top Flag Line before moving - As always, intelligent...
I'm seeing what could potentially be a BEAR flag. If confirmed, this will be a solid indicator of a GREAT SHORT opportunity. Look for a solid bar close (or two) below the bottom of the bear flag channel (CYAN colored) before opening up any big SHORT positions. LEGEND - Cyan - Speculative Bear Flag Channel Lines Red - Major Down Trend Channel Lines Pink - MInor...
Light Blue - Speculation Channel - Not sure about this yet. Gray Blue - Speculation Channel - Not sure about this yet. Red - Major downtrend channel - confirmed multiple times already - It should by all accounts retest this line in the near future.
...who think they can read charts with fancy mathematical reasoning. It is a lot simpler than people like to think - www.bitmex.com You can LONG but use extreme caution with Tight Stops and Take Profits. You can much more comfortably SHORT this market at the moment. Just A Single Man's point of view.
BEARish Bitcoin - Whales will be whales - and will continue to eat the Crill. Tip of the day - dont be crill www.bitmex.com
Red - Previous Major Downtrend line (bottom channel line) Purple - Forming Minor Downtrend Line White - Previous Resistence . Support Levels What will BTC do at the Major Downtrend line - a close below this line could mean major downside - Im off until I see how the market handles this major line.