comfyharry

comfyharry Updated 

Bear div developing on the daily time frame. RSI is also in overbought zone. good R/R on a short

comfyharry

Looking at this correction pattern for next point of reversal. Expect to see some bounces along the way as RSI on 4hr/6hr/12hr is oversold and daily is approaching oversold.

comfyharry

just publishing it now for future reference. not going to trade it.

comfyharry

good for a nice bounce but overall trend is bearish

comfyharry

Weekly RSI is in 2014 territory

comfyharry

ETHUSD consolidation appears to be coming to an end. Would not be surprised to see at least 2k by May as much as I dislike etherium

comfyharry Updated 

I am not shorting this but will open a 2x long if and when price reaches the blue box.

comfyharry

This are the support and resistance levels that have been playing out during the correction. Strongest support is between 5500-3500 but there will be some big bounces before BTC gets there

comfyharry

12800 was strong support that I expect to turn strong resistance. A likely scenario is to touch 12800-13000 (depending on exchange) and break down to re-test support below 10k. A 4hr candle closing above 13200 will invalidate this theory.

comfyharry

50 day Moving Average is strong support. Once this support breaks the pattern is invalidated. If this pattern holds then it should be complete towards late January and breakout towards 28k target.

comfyharry

ETHUSD will consolidate here into an asc triangle for a few days with 1k resistance levels before breaking out to another 10% move Some say there is a head and shoulders but that is very unlikely as overall trend in ETH and all other markets is up.

comfyharry

Ascending triangle on 1hr chart. If breakout expect to touch 19k.

comfyharry

Interesting pattern I noticed is that MA50 on a 4hr chart has been acting as strong support this run up since 8k. BTC touches MA50, bounces, consolidates for about a week and breaks out. BTC just touched it again. If this pattern continues we should see a new ATH by xmas.

comfyharry Updated 

BTC is consolidating after a giant leg up. There is nothing to worry about. Looking for another bounce of 200 day Moving average on a 4hr chart to add to my long.

comfyharry

Regardless if it is a stock, commodity or Bitcoin, all parabolic advances end the same way; Those late to the party end up holding the bags. As this parabolic trend continues, I expect a blow off top in 33k to 55k before returning back to mean between 3-6k. Trees don't grow to the sky.

comfyharry Updated 

Since last all time high at 11960, the market had plenty of time to exit. However it rebounded off 11500 and is now consolidating just below previous all time high, forming an ascending triangle. Ascending triangles have 70% chance to break out and as typical with bitcoin, the longer it consolidates near all time high, the higher the chance it will make a new...

comfyharry Updated 

BTC has been grinding for 6 days in the upper channel (sell zone) I believe the more time it spends here the higher chance of a breakout.

comfyharry

buy!