I used to think BTC was the only show in town. When I first started paying attention to, and trading Crypto it seemed like BTC was the big dog, that all the other little dogs followed. Etherium proved otherwise this past week. BTC is down 3.84% in the past week (at time of writing this), and ETH up 14.45%).
I guess it's time to start paying attention to the...
Everyone has been seeing this massive triangle for the past couple months. But there are also these mid sized, and smaller triangles within the main one.
Everyone has been wondering what the next direction will be.
I think all three triangles will tell it.
I think that BTC has clearly been in consolidation over the last couple months.
What consolidation means is that a big move is coming?
So which direction? That's the question.
I think a body of a candle outside of the grey box implies the next move.
I had to adjust this a bit due to recent developments, but the analysis still is the same.
If this holds true, the good news about this is that the 3rd leg in an impulse wave should be the strongest. And we are at the very start of it.
My RSI is also screaming buy.
As always, this isn't just analysis for you all. I am actively in this now, as with all my ideas.
Personally I am not sure what to this about Elliot Wave Theory, but the start of this bull run, looked very much like the 1-5 impulse wave, followed by the ABC correction. If true we could be starting a new impulse wave up.
Disclaimer: This is not trading advice, this is just my own personal analysis, and strategy. Take it for what it's worth or leave it for what it's not.
First off all you have to know if we are in an uptrend, or down trend. There are many indicators of this, but one of the biggest is higher highs and higher lows on the daily for an uptrend, and lower highs and...
First of all this is not trading advice, saying that seems to be needed as a standard disclaimer.
Now to the meat of the post.
Was today a dead cat bounce on facebook, or a signal of a short term downward trend reversal?
All my long term charts are pointing up, but we obviously have had a short term reversal due to the Powell Put (this actually sent the market...
Disclaimer (because maybe this might need to be said?): This is not finical advice. This is just an idea I am publishing to share it (because I think it's a pretty good one), and get feedback on, to hopefully make better for the benifit of us all.
This is just an idea I am publishing, to start a discussion. The chart at this point is meaningless. It's just the...
Disclaimer: This is not trading advice, just my perspective.
BitchCoin's long term trajectory is more clear to me now.
I call it bitchcoin, because it doesn't really play by the rules (e.g. yesterdays incredible swings and volatility.)
I do a lot better trading stocks, then this unregulated, and subsequently unpredictable "Stock".
But the chart is clear,...
In the entire course of this run up, on the 4h, it has never broken (on close) the 90 moving average, or even tested the 200. We have had both occur in the last two days. This definitely signals a break of the uptrend of the last month.
The TSI, and the MACD always lag a bit behind, but if you look at that RSI, and that STOICH... I am guessing it's going up from...
QCOM has had quite a run, but this has been overdue for quite some time. It took longer than I expected, but it's finally flipping on multiple short term time frames. Qualcomm, from my observations moves in multiples of four time increments on this chart. Anything less than eight minutes is basically meaningless, unless you are day trading a run.