acatwithcharts

acatwithcharts

I'm publishing this on the daily though technically the candle isn't printed yet just to include the daily Murrey's Math Oscillator (4h has printed several candles above this line). I don't think I've yet seen an indicator do a better job at calling crypto bottoms than this one on the daily chart, and it appears to have called the bottom for ETH and both of BTC's...

acatwithcharts

2 weeks ago, BTCUSDLONGS/BTCUSDSHORTS was 1.6 and ETHUSDLONGS/ETHUSDSHORTS was 0.55. Today, BTCUSDLONGS/BTCUSDSHORTS is 1.1 with shorts at a near ATH and ETHUSDLONGS/ETHUSDSHORTS is at 1.9. This seems...explosive...for one or both of the top two cryptocurrencies. ETH has seen a noticeably larger fall from its peak for 1424 in January, having lost about 3/4 of...

acatwithcharts

Halfway through March, BTCUSD ended a plummet through major resistances with a huge bounce from 7200 to 9200, but momentum waned as it reached the downtrend channel. It crashed hard, flagging a bit above the 7690 Fib line, before crashing that too. The panic was enough to flash crash Okex while BTCUSD finally found a floor first at 6500 and then 6400 on a retest...

acatwithcharts

After a week of thrashing about after breaking out of the descending wedge making several possible patterns, we had settled into an apparent symmetrical triangle (orange) containing most of the range from the week. About 24h ago, the bottom started getting pushed on, but was holding out quite well around 8400. So well in fact, and at such cost, that I was...

acatwithcharts

he beginning of this week looked very promising for BTC -3.56% , with rapid gains that appeared to be pulling us out of the depths of the crash pattern. Then we started dropping and filled out a new giant bear flag (or if you prefer, bearish ascending wedge - just depends how you looked at it and where you drew the lines. With rising sell volume and weak rallies...

acatwithcharts Updated 

ETH is on the verge of breaking out of the bull flag it made yesterday. Moreover, it's currently making a smaller bull flag right under the top it needs to break through. It's there anything more to this chart? It can't actually be this easy to call, can it? Am I missing something? ETH, like altcoins generally, has just been beaten so far into the ground so much...

acatwithcharts

NEO and ETH are in the same pattern right now - but NEO seems to be lagging ETH slightly in actually breaking upwards.

acatwithcharts

I noticed some large sales in ETH and BTC on recent individual minutes on Kraken and Bitfinex. Someone fished all the stop limits on ETH down to 440 on Kraken. Somebody out there sold a lot of ETH and BTC on multiple exchanges for some reason. I looked at BTCUSDSHORTS. TTM Squeeze is firing on that 30 min chart right now and shorts are finally starting to rise...

acatwithcharts

We broke the wedge today. We haven't tested any of the resistances above, but we reversed from catastrophe for now, at least. We seem to be slowly flagging up now instead of down. At least in the short-term, it's hard to see us not at least going up to test those resistances. My call yesterday after we crashed the 7690 line looks dead wrong. The eternal bull...

acatwithcharts Updated 

Thoughts are on chart. Ready to change my mind and say that this isn't the crash yet this weekend if we confirm the breakout. I'm an amateur and you definitely shouldn't take anything I say as financial advice. I would appreciate any feedback.

acatwithcharts

The local bottom is just one single massive buy on the 1m chart. 20/20 hindsight: that was an important signal and probably one to keep looking for in either direction. I'm an amateur and you definitely shouldn't take anything I say as financial advice. I would love any feedback.

acatwithcharts Updated 

This is the path roughly of the 2014 crash. Timing and some of the details would almost certainly be expected to differ. We have to decisively stay above the 7698 retracement line with more than just a wick and higher volume at longer candles to invalidate the scenario. A similar resistance line at this point in the 2014 crash. The 2014 scenario looks...

acatwithcharts Updated 

Bear flags upon bear flags including right now. TTC Squeeze on the 4h and 3h towards the pre-existing downward trend. We're bouncing around a major support/resistance which we already broke in a bear flag. This looks grim. I would not want to chance a long position anywhere around here without some kind of clear confirmed pattern break. I'd want to sit and wait...

acatwithcharts

Anatomy of the 2014 BTC crash: it's the same pattern we have now, except we were traveling at about 0.38x the time scale - then our double top was cleaner and we started moving even faster relative to it. We broke the 0.302 Fib retracement for the continuous weekly bull run since 2015 (7690) today. The comparable resistance line in the 2014 crash was tested...

acatwithcharts

TTM Squeeze is active on the 4h and momentum matches the previous momentum. You know, the momentum where BTC just dropped like a rock on repeated bear flags. Also, we're still making bear flags on low bull volume. It's on at 4h, continuing to be on at 3h, and flickering whether it's still continuing after being active almost 2 days straight at the 2h. Being long...

acatwithcharts

I took a look today to see what BTCUSDLONGS and BTCUSDSHORTS seemed to be saying about what's going on. Bulls are leveraging faster than bears. Actually, it's more like both are leveraged but there are more bulls maintaining their leverage than bears. If we were going up on rising volume, that would seem to be pretty bullish, an indication that bulls are more...

acatwithcharts

Hindsight is 20/20 - we've been in a continuous squeeze on the 2h chart for ~36 hours. It just didn't look like it at first because it started by reversing upward momentum, not to mention the several hundred point fluctuations but the timing matches the breakdown of the bear flag pointing to 6600. It seems that being short without being so leveraged that the...

acatwithcharts Updated 

We have bear flags forming in a fractal pattern pointing down to a retest of the 6600 low, if not a test of even further Fib levels. We also have an apparent descending wedge culminating at 7200. Both scenarios say that the local maximum is either here at ~8300, maybe as high as ~8500 depending on how far the current bear flag gets, but what happens next depends...