denjhanekt

Bitcoin looks good. Healthy ecosystem good. I don't care if it goes down for 2 months - it is displaying a balanced pattern and shows the Bears are not in long term control.

I am incapable of plotting a bottom for XRP. It could fall to the abyss. I hope this drop is it's 'Bitcoin equivalent' at this time last year, when Bitcoin went from $6K to $3K, then recovered. Note 50/200 MA on 1 Day - Golden Cross, now Death Cross, and let's hope for a Golden Cross. Until then - note the tag -----

Bullish

I love TA. Already one Red Candle Soldier has entered my green kill zone (perfectly, full length) and now, another. This rectangle was built, about a week ago, with simple Fibs for 2019, and a line from price action the past 2 weeks. Watching to see what else happens... ----then... commit to action? No need to trip the ambush too soon, and,...

Resistance (sloppy top line on Pennant) - is now (tenuous) support. Let's see if this new development holds. Geo-economic chaos continues and this (now) support holds - I'm buying MOR - with expecatation macro Fib levels will be tested ( to BTCUSD ATHs)

The .236 Fib has been a point of hesitation the past 6 or so weeks.

What I'm seeing: 1. low volume 2. Horribly constructed, early boundaries of possible triangle or pendant formation(s) - bullish patterns (I have white lines showing a triangle and pendant - both are awfully drawn) 3. Chop My action: Holding (as usual). Not buying anymore. Long term Bullish, currently Neutral, as in no action except monitoring. What I...

The (20/20 hindsight?) Bull run case: Green comment boxes: 1. .618 was never really established (impossible to see in real time and top, but more visible now) but price action floated above what is was to be. (think in Terminator terms - yes, I know, weird, which is why this is also categorized as "beyond technical analysis".) 2. .318 was marked, early on. At...

Last time the 50 MA crossed the 200MA, on the BTC/KRW pair, was Jan2016.

BULL Pendant formed and held overnight (overnight defined as mountain time). Might be time to play with some EW 5 counts....

2 of 2: The macro view: Once again .382 is critical, and note the orange line (what I'm calling a macro trans-sectional TA line...a median trend line). Also note the diabolical price action of past 24 hours lined us up more with the Facebook Libra presser, which I feel was very much timed due to input from dozens of top TA experts - i.e. setting up that point as...

Chart 1 of 2: Discussion of a very insightful (beautifully cruel) juncture in BTC price action.

O1, Option 1 - in play (for now, but much stronger with 4 days holding the line).

We are at the threshold --- Option1 (O1) reaffirm the bull channel (white line up). Option2 (O2) breakdown, begin movement in cone of death (for awhile), maybe even to November?

TA on XRP....right...anyway, here's something

Tuesday is ending (mountain time zone). Channel intact. Notice we are still in line with the same scene when Zuck made his announcement....I'm discounting ALL market movement from the past 5 weeks. Bullish! (always) - will be making more decisions ~Aug4th

Closing above 50 MA today (Daily)

Status as I currently analyze it - focused at this exact BTC/USD price point: --we are right back to the point when Mark Zuck'ed up my dear crypto markets - I've noted multiple times nothing made sense - in my TA sense - after the FB announcement. --Doji as I type. --Note Orange line - solid TA a line holding very, very tenuously (remember - the further we go...