Few people realize it, but the cryptocurrency markets have already topped.
Bitcoin is currently bouncing back to the $4,500 area, at which point big money bottom accumulators, who were taken by surprise by the recent aggressive dumps, will proceed to exit their positions by selling Bitcoin as well as other cryptocurrencies such as Ethereum.
This will create a...
The dumps are coming.
Bitcoin has only one thing left going for it: the halving on July 16, 2016. Post-halving, there is nothing holding the dumps back.
Coinbase, the most bullish bitcoin company to ever exist, is now betting that Ether will overtake Bitcoin in the near future....
The profits are waiting. This is an opportunity that I believe is too good to pass over.
We've been making higher highs and higher lows as price slowly but surely builds up a foundational structure to support a powerful breakout above what is admittedly pretty hefty resistance.
If you are a dip buyer, this is your heaven. As the market has drifted endlessly over...
I am long again on Whaleclub ›
Entry Price ~$391
Bottom entry price prediction: www.tradingview.com
Bull support is quite strong with over half a dozen touches of support trend line.
The fundamental bullish case is the halving coming in a few months. Post-halving bitcoin price is ~$200 which...
This is the only chart you need right now.
I am still long on Whaleclub from $360
However, the time to close may be approaching. This bounce is weaker than expected and news/fundamentals will probably not see it go above our high of $450, especially with massive trendline resistance.
Target to close long: ~$435
Target short after long close: ~$400
Self-explanatory. The bullish channel is solid, with 4 touches on its lower edge, and 3 touches on its upper edge. The bearish trendline is also solid, formed by the two tops seen formed at 680 and 660, but also goes back to the February sideways and slanting bearish market.
Expecting retouch of 600, followed by a bullish movement to propel price toward 700.
After breaking out bearishly from the channel, price action is ready to bounce off huge support zone around 700 to retest the bottom edge of the channel, or even dip back into the channel. Sell-off is caused by speculation around Russian news and Apple's recent ban of the Blockchain iPhone app.
We're observing two price resistance levels: one from the 820 level which has served as strong support over the past several weeks, and an upper edge resistance from the longer-term channel. Price is touching the bottom edge of the shorter term channel, but judging by the strength of the longer-term channel resistance as well as the 820 resistance level, we are...
The market is trading very close to an inflection point (intersection between long-term and short-term channels). Very often, price tends to avoid these inflection points. The market is also trading on very sturdy support (800) which is a major price reversal level.
Inflection point + breakout from long-term channel + major price reversal level point to a clean...
A clean bullish breakout above 1,000 and such a good opportunity for a retest of 1,000 support before a trend continuation. A long position would be opened just above a clear bullish candle printing on 1,000 support, after the retest. Stop loss is placed beneath support (~985) and a trailing stop loss is placed for profit-taking at .
Bitcoin price is drifting. Awaiting breakout signals from current consolidation zone for a new trend to form. Would wait for a clear bullish or bearish candle to print at the edges of the zone before opening a position.