ashaman

ashaman

BTC and ETH are both either about to begin wave Z pf a triple combo correction, or started wave Z a few hours ago. BTC 6H RSI is showing a head and shoulders pattern. This correction began with a rejection when it tried to break back above the historic log support (the thick yellow dashed line), which dates back all the way to the beginning of 2012. A downtrend...

ashaman

The market is still correcting following the higher degree first wave of a new bullish impulse. The other day saw an attempt to break the local downtrend - a fakeout ending in a brutal rejection. My wave count suggests a triple combo correction about to start a final Z wave down, for both ETHUSD and BTCUSD. ETHUSD is also currently experiencing TTM squeezes (when...

ashaman

4H Shows two failed tests of the downtrend line along with a 4h RSI divergence. Downtrend coincides with fib. 1D and 4H Godmode are topped out, all with declining weekly volume. This bounce has played itself out, in which case the weekly lower high is set. Will be watching the action at open for a short entry. Target: 2k.

ashaman

This dead cat bounce looks to have played itself out. We've got declining weekly volume, 4h and 1D Godmode are topped out. Bearish RSI and GM divergence on 1D too. 4H RSI bear div as well . I'll be watching the action at open and either shorting immediately or waiting for another test of the 200 day moving average or 25k. Stop initially above 100-MA. Targetting...

ashaman Updated 

Daily Godmode on DJ:DJI is bottomed out, Daily RSI is in the 20s, and the market closed at a key support. A retest of the breakdown level at 23500 is expected, although it could get caught on the 0.382 fib halfway to the support/resistance level. I will be taking profit with two orders, one at the 0.382 fib and the other at 23475.

ashaman

When the US Government cut off Bitfinex & Tether's banking in April 2017, the USDT peg slippped, The USDT:USD pair on Kraken dipped down to $0.89. Then Bitfinex announced that at their exchange, that going forwarrd 1 USD == 1 USDT - that the two would be completely interchangeable for users with KYC'ed accounts. Since then, Bitfinex has been the linchpin...

ashaman

FX_IDC:XAUUSD OANDA:XAUUSD FOREXCOM:XAUUSD IMHO there is a very distinct possibility that XAUUSD has completed a full triple combo corrective sequence: Triangle + Zig Zag + flat. The upwards move the last couple days has a distinctly impulsive feel to it, with the bulls very much in control. I am very much looking forward to discovering whether this is the...

ashaman

The pattern it made today, wicking below the neckline and then pumping is highly suggestive of head and shoulders failure - in which case we have a measured move all the way to $275 to look forward to. The 3H and 4H godmode bull cross also speaks in favor of the theory. But if when volume comes in breaks break the neckline with some conviction, the measured move...

ashaman

This chart does not include historical Mt. Gox data that predates BitStamp, however it was factored in to this count.