austinmfcoats

austinmfcoats Updated 

Three likely scenarios for bitcoin within the next few days. Scenario 1: To turn bullish again, bitcoin needs to break the falling resistance around 9100. This will get bitcoin out of the falling channel. Scenario 2: Bitcoin touches the resistance and crashes hard as the previous two lows. If bitcoin breaks the 6k resistance, the next stop is 4k and that would...

austinmfcoats Updated 

From the chart, we see that we breached the longterm trend line. It could be a sign that we are going further down in a few days, or that it was a false break down. However, typically on the past 2 crashes, we were following with strong buying volume as pointed out by blue arrows. Today there was not much buying volume as i would like. I wouldn't place any long...

austinmfcoats Updated 

District0x is looking very bullish on the chart, its trend line has been intact with 6 touches were it springs off the support. Based on the chart and news, i believe DNT will rally in the upcoming days. How ever if the trend line breaks down, the trade in invalid.

austinmfcoats Updated 

Seems like we are trading at bottom of trend line as we were in September, October and November of 2017. I don't see a drop to $6,000.00 light many people are calling. We could see bitcoin follow the bottom of trend line for a few months until we have a major bull run again.

austinmfcoats Updated 

BCPT is looking bullish, i think there will be another breakout based on past signals. Depending what happens to bitcoin these next few days could invalidate this trade.

austinmfcoats Updated 

Just an idea, maybe we are at bottom? Only time will tell. Chime in for ideas. *This is not trading advice*

austinmfcoats Updated 

Bitcoin cash has to hold the $2400 level for the trend line to hold. There is a short for bitcoin which may impact bcash, so be cautious. If bcash can hold up against bitcoin, expect a rally in the next few days or weeks. There is the upcoming change of the address for bch as well as it will be added to a few more exchanges.

austinmfcoats Updated 

Bitcoin to retest the top trend line over the next few days. If bitcoin can break the 16k resistance, I think we will have a good chance to retesting the all time highs. If bitcoin fails to break the resistance, it should find support at the bottom of the trendline. If major support breaks at 14k, bitcoin will probably fall down to its original support at 12.8k....

austinmfcoats

After shorting bitcoin, I see a potential long trade. Seems bitcoin may retest the 10k level again and bounce back strong this time. If the 10k level is broken the trade is invalid and will continue down to 8k or less. Place orders to buy around 10,200 with profits at 16,000. Place your stop loss orders at 9,000 to minimize losses.

austinmfcoats Updated 

Based on the chart LTC will continue traveling up if the support can be broken. If not, LTC will likely continue to go down to the $250 dollar range. This is my first posting, so do not judge!