bitcointrader3764

bitcointrader3764

RSI on the 4hr is at a place you would only expect in a major bull maket when masses of new retail investors were flooding into the market to buy BTC. And this couldnt be farther from the truth. It maybe that the current run just reflects the other major stock markets that are currently going through a denial phase it seems, as to how deeply damaging the current...

bitcointrader3764

Bitcoin coin may be going South even quicker than Sherman so hold onto your hats. Bounce on conventional markets was to be expected but the true impact of whats about to happen in the US has not yet sunk in...and being open for business by Easter is a pipe dream by an over indebted POTUS whose ignorance of the facts only belies his trying to save his own little...

bitcointrader3764

It is unthinkable - right? Well... Lets consider some issues. Technically, its possible. The graph shows a price action that takes us down....the little graph to the right showd the 50% mark between 0 and 1,618 retracement going to $290. And here is the rub. The US is failing the Corona virus test. Latest reports out of Italy are seeing younger age groups dying....

bitcointrader3764

If you have read my previous posts....well just saying! lol...here is an interesting idea. Its starting to sink in...the virus is here to stay and whilst it wont be too damaging to most peoples health, the act of containment on the global economy is only just starting to be estimated. In just two days here in sunny Spain we have gone from the norm into a pre lock...

bitcointrader3764

I am a believer in crypto and bullish in the long term but for once, there are actual fundamentals involved in the movement of crypto assets! My first aim when the market started to correct was a simple ABC correction. I have that at 7300ish. Of course there is also the H&S in play that could takes to 5900 - 6000. Also feasible. These are technical target to...

bitcointrader3764 Updated 

Chart says it all...

bitcointrader3764

Forget all other indicators unless you are a day trader...the headlline says it all...please check for yourselves...so a daily close above 8600 would be an anomaly of epic proportions... Could be the bears are just hoping to fill out the purchase orders before sweeping them up...

bitcointrader3764

We all know how unpredictable this market is. Its what makes the potential gains... and losses achievable. For the most part TA will only give you an insight into the gameplan of the powers that be who undoubtedly manipulate the market for their own gain. That being said, if the PTB use the TA to mask and justify their decisions....you only have to decide which...

bitcointrader3764

Just a thought whist things are slow..I was looking back at the bigger picture on the 1D timeframe and it struck me that everytime the prie came down to meet the 200EMA it crashed below it with some vigour. It may have taken 6 or seven days to breach but when it does....and if history is anything to go on....and we use it a lot....then the odds are in favour of a...

bitcointrader3764 Updated 

Lokking at RSI trends and possible downside reactions...the downside could point towards a 7200 crash very soon...all thoughts welcome... No advice given

bitcointrader3764 Updated 

The chart and possible H&S would coincide quite near to the daily 200EMA, something that historically was tested 3 times in 2016 around this time before halving. (Also touched a month after halving...before the take off! So we shall see. I dont see this short bounce as anything more than that...FOMO doesnt seem to figure in the volume figures....and i always have...

bitcointrader3764

The Moon...the moon...everyone cries!...the hype is at a frenzy!! Yet volume isnt rising as it should/would in a sustainable bull market...its just pumps and wane bouncing on or back from a drop below the 12EMA. Personally ill wait til it retests the channel (aroun 7600-7800), unless it goes straight to the 10,500 -11000...in which case ill see you at the...

bitcointrader3764

Im looking at every decline in the downtrend. When the price has broken below the 12 and confirmed on the daily it has led to a decline to a lower low. This last time it dropped below and confirmed and then on a low volume weekend it pushed back above and has risen to where we are now. Low and declining volume. Would this suggest a bull trap? With no strong...

bitcointrader3764

chart says it all....lets see what unfolds.

bitcointrader3764

See you all in two weeks! Bitcoin still in channel...volume is, well, just not sustainable for upward continuation...less a whale wishes to spike it. Still waiting on capitulation phase but at 5200 i dont think that will be the end. I see a run/bounce from here to prehalving... If capitulation comes before halving i would be 50/50 on a drop afterwards...only...

bitcointrader3764

Bitcoin stays within the boundaries of the down channel on a low volume spike (in relative terms). Still on track for a 50% correction....and January is the time it happens!! I find it strange that this spike coincides with a vast disparity between longs and shorts which can only mean the longs were backing the pump and the exchange was complicit...should have...

bitcointrader3764

My News Years prediction. Test 4000...we need to see some capitulation before we bottom. RSI on weekly and daily now line up wih the previous 50% drop to bottom so there is enough room now. Volume declining Mass adoption declining... Time frame for this decline means everthing is a little faster so im putting it at the latest of the week of the 10th feb but most...

bitcointrader3764

This is my chart stripped back to long term basics...and it looking very familiar..im still waiting...and recent volume would suggest that so are a lot of people...although it may just be that a lot of people have left the building...2019 seemed to be the year of forgetting about mass adoption...something that will need to be returned to in the coming months and...