bwy

PRO
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About me I only post charts that have have a very high probability of success. Any risky trades I keep to myself.
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A wolf has the patience to strike at the right time. If you snap at everything you'll end up hungry.
Markets Allocation
Top Mentioned Symbols
BTCUSD 50% | 8 BTCCHINA:BTCCNY 18% | 3 OKCOIN:BTCCNY 12% | 2 LTCBTC 6% | 1
bwy bwy PRO BTCCNY, W, Long ,
BTCCNY: BTC Attacking New All Time High
558 2 11
BTCCNY, W Long
BTC Attacking New All Time High

BTC just broke the June 2016 highs of 5200 CNY. This was really the last resistance before attacking a new all time high. I would expect BTC to make a new ATH here, in which case the targets become very large. This is one of the better buy signals I've posted in BTC. Prepare for lots of volatility so don't take too much risk as it could swing up and down with big ...

bwy bwy PRO GBTC, W, Long ,
GBTC: GBTC Pullback Over
66 0 3
GBTC, W Long
GBTC Pullback Over

I just happened to look at GBTC today and thought it was interesting how well defined the pullback resistance was. GBTC is back on the uptrend after breaking out.

bwy bwy PRO BTCCNY, 3D, Long ,
BTCCNY: BTC/USD Uptrend Pullback Potentially Over
458 1 11
BTCCNY, 3D Long
BTC/USD Uptrend Pullback Potentially Over

BTC had a monthly pullback that culminated in the drop to $460. If you look at the fast moves almost straight down, it is clear this was a pullback and not a trend change. If there's going to be a lower high to set about a trend change, knowing BTC traders it's likely to take place around 4500 CNY because that's where the new downtrend line is. Personally I expect ...

bwy bwy PRO BTCUSD, W, Short ,
BTCUSD: BTC/USD Bearish Signs
456 0 5
BTCUSD, W Short
BTC/USD Bearish Signs

BTC/USD is looking a bit bearish at the moment. $470 proved to be resistance once again and has made a lower high at $466 on the daily chart. My concern is the break below this blue dashed line could be a sign of selling to come. The volume is also not matching that of a true breakout from the $420 area. The DMI has been showing lower highs on the weekly (a sign ...

bwy bwy PRO BTCUSD, D, Long ,
BTCUSD: BTC/USD Major Trend Starting
494 0 13
BTCUSD, D Long
BTC/USD Major Trend Starting

Current indication is that the new major trend is up. My suspicion is a lot of people are seeing the very long term dashed blue trendline as a significant support line. This looks reasonable to me as well as it has much more significance than the newly dashed red trendline, which has been breached on Bitstamp. The ADX is also at a historic low point, which ...

bwy bwy PRO BTCCNY, 3D, Long ,
BTCCNY: Uptrend Force Makes Breakout Likely
128 1 6
BTCCNY, 3D Long
Uptrend Force Makes Breakout Likely

Bitcoin has smashed back into the new "downtrend line" from ATH. This 3 day uptrend is a solid trend continuation of the previous 3 day uptrend after a nice correction down to the $360 area. At this point the uptrend has serious momentum just starting. ADX has turned up, CCI is just above 100, and MACD histogram is accelerating into positive territory while the ...

bwy bwy PRO BTCCNY, M, Long ,
BTCCNY: A long term perspective to help with shorter term trades
280 0 6
BTCCNY, M Long
A long term perspective to help with shorter term trades

The monthly chart has signaled a resumption of the previous massive monthly uptrend that took BTC/USD from $5 to over $1000. The ADX (the blue line on the DMI), which is a measurement of trend strength or momentum, is the main indicator I'm concentrating on with this post. Currently the ADX has switched back into rising mode which shows trend strength increasing ...

bwy bwy PRO BTCUSD, D, Long ,
BTCUSD: BTC/USD Target $440
285 2 4
BTCUSD, D Long
BTC/USD Target $440

The uptrend on the daily is progressing nicely. Volatility is still relatively low, which is a great sign for a strong trend. This is shown by the ATR indicator which is the 10 period ATR versus the 200 period ATR. RSI is inching close to 70 which is likely to go above 70 for that final push we need to break above $305. The price has formed an ascending ...

bwy bwy PRO BTCUSD, 3D, Long ,
BTCUSD: Bitcoin going higher with potential long term breakout forming
266 1 4
BTCUSD, 3D Long
Bitcoin going higher with potential long term breakout forming

Finally there's another really good opportunity for bitcoin to breakout of the downtrend here (last one was in November). I should have posted this chart earlier as my daily breakout was at 232 a few days ago, but I think this is still likely to go higher and still relevant for the larger time frames. A key indication is the downtrend is forming an ascending ...

bwy bwy PRO BTCUSD, D, Long ,
BTCUSD: BTC/USD Cautiously Back in Bull Market Territory
253 6 11
BTCUSD, D Long
BTC/USD Cautiously Back in Bull Market Territory

I believe the bear market is finally over. Looking for a decent upside move with caution that $450 presents potential serious resistance. MACD is back in bull territory above the 0 line, with momentum building up. ADX is currently in strong trend territory. RSI pushing up back above 50. CCI moving back into positive territory as well. The weekly chart is also ...

bwy bwy PRO BTCUSD, D, Short ,
BTCUSD: BTC/USD What I Beleive Bulls Are Seeing
677 3 4
BTCUSD, D Short
BTC/USD What I Beleive Bulls Are Seeing

I think bulls are seeing a large pennant, thinking that $470 will provide support along the lower trend line of the pennant. There is a possibility it might too. I'm inclined to think that it will not hold though. If this is a pennant, there is very little time and range to play around in, so it should break soon. The indicators that I use are all showing this ...

bwy bwy PRO BTCUSD, W, Short ,
BTCUSD: BTC/USD Final Destination Upper-Mid $200's (Perhaps Lower)
627 10 5
BTCUSD, W Short
BTC/USD Final Destination Upper-Mid $200's (Perhaps Lower)

This weekly chart is what I'm using to maintain my short position. Obviously the shorter term signals like the 1D or less are more valuable for spotting reversals, but I'm using this chart to confirm my belief that my 1D signals are all saying this down trend is far from over. In fact it might just be building steam. The weekly MACD has not crossed the 0 line ...

bwy bwy PRO BTCUSD, D, Short ,
BTCUSD: BTC/USD Target $440
610 2 4
BTCUSD, D Short
BTC/USD Target $440

There appears to be a descending triangle, which if it breaks would put us at about a $440 price target. RSI has lower lows and lower highs and is perfectly aligned with the MACD. As you can see on 2014-06-24 the RSI made a new low, yet the MACD histogram did not, which signaled a potential reversal coming. On 2014-07-29 RSI dipped to over-sold territory (good ...

bwy bwy PRO BTCUSD, D, Short ,
BTCUSD: BTC/USD Bear Market Starting
253 1 2
BTCUSD, D Short
BTC/USD Bear Market Starting

The 1D MACD cross over is a major signal for me that the market is now turning down. It's very important to note the crossover occurs with downward momentum building on the histogram. RSI is also showing continuous lower peaks confirming this potential new trend.

bwy bwy PRO LTCBTC, 240, Long ,
LTCBTC: LTC/BTC Rocket Primed! Clear Divergence
429 1 2
LTCBTC, 240 Long
LTC/BTC Rocket Primed! Clear Divergence

RSI and MACD are both diverging at oversold levels. LTC/USD is ready to move as well making this the perfect storm for LTC.

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