I haven't published an idea for a while, though I have been calling some price levels. I wanted to put out an idea that shows what possible levels we have and where we could end up. The three day is nice and proper rekt at the moment. The weekly, three day and higher timeframes are all signaling a massive short. The price has failed to cross the horizontal...
Doesn't it look like we bout to crash?
Here is an idea for ASX 200 - this is a monthly chart so I think this plays out in the next 12-18 months. There are many key technical and fundamental indicators screaming this house of cards is about to come crashing down. It will rebound and rebound hard, with lots of government intervention and bailouts, but the writing on the wall is red. Some facts. 1. Home...
Here is an idea with levels to buy EOS marked clearly. EOS below $1 is always a good buy. If BTC pumps, and the whole market moons, then yes this idea will become invalidated, however until EOS mainnet is live - all price action is speculation. My suggestion is to not "short" EOS but buy at these levels.
Blue is bitcoin --- if the BTC chart really is a lead indicator ... then the next move is down. Lets see how this plays out
Cloud is resistance. Cloud can kill you. Conquer the cloud, or it will consume you.
ETH is now approaching a critical support level. If 0.083 does not hold, it may drop all the way down to 0.073. If it bounces, then the bull run continues!
So I posted a bearish chart, here I am posting a bullish chart. As a trader you must look at both outlooks and decide accordingly. While the long to short ration looks really bad right now, there is an argument to be made as we go up longs will close and people will short. Note on the chart, the levels we are at, are absolutely historic. We have not been this low...
Looks like 0.4 is a safeish target. I could add a paragraph here and what not ... but lets face it ... its bcash.
Looks like we are approaching the top on the BTC pair - 3 day chart says so. Should be a safeish short. Shorts at 0.0205 0.021
I see a H&S on the 2day. I may be wrong. However It helps to chart out all possibilities. Here is one that may play out. You can see the levels. The daily was just rejected again at the daily kejun and the 30k longs are not giving me a lot of confidence. If we have a cascading long closing situation, his may just play out. Overall I am still bullish, however if...
So - not listening to what the "pundits" say - it seems like S&P is about to go into a major correction. I don't usually trade stocks - so this would be a first for me. I may be wrong on this, take this with a grain of salt and DYOR.
Some good news, as we enter the blue box below, we are closely approaching our 200 MA. If there is any hope for this bitcoin dream to go on, that 200 MA will be VERY heavily defended. Some other indicators are, shorts are now up almost at an all time high, longs are slowly closing out, and RSI on the weekly has now hit the point where we have historically bounced....
A lot of people have been asking me for charts, and advice. In a summary, if you trade bitcoin, there is no clear position to take. The chart is bearish, but the price is not at a level where you can comfortably short. If you just want to buy some bitcoin, now is the best time to buy. Yes it may drop 2000 more, and then pump 5000. Dont chase the price, buy spot...
Simple chart like most others I post. I think the bottom is in. We will not bounce to ATH from here - some sideways slow grind motion. Best of luck.
Here is a chart. I am struggling to find a bullish outlook here. Arrows shows potentials paths that may be taken. Overall, jan 21st is important as 8hour and 6 hour have bearish twists and I believe this weekly candle will make a lower low (similar to the june dump)
ETHBTC is not done yet. Should see a retrace now, blue boxes are buys. Buy that ETH! This is going to 0.15, and then 0.2. Follow me on twitter for more calls and shit posting.
Looks like Bcash will pump in a couple of days ... maybe hours ... nice setup here. Get profits?