elitealpha

elitealpha

And down she goes again... This smells like market manipulation to me BTC and the market was doing so well and holding support and then BAAMMMM Watch for: - Fibs and breaks of S/R - More sell volume then buy volume Overall action: - If we can't hold support at each higher Fib, then expect a continuous downtrend - $5k seems more real than $10k now

elitealpha

Things are looking good technically and more importantly fundamentally for Bitcoin With more good news and usages coming out for cryptos and the blockchain, this will help with the market Watch for: - Testing the .5 Fib, creating support here wont be a problem - Rising wedge is forming so watch for a little pullback/bounce - If Btc can break .618 Fib, then $8k...

elitealpha

Looking good for Bitcoin We are holding above $7200 If BTC can break $7400, then we will most likely have another leg up Watch for: - S is $7100 & R is $7350 - Testing .618 Fib - Candle is above the Bolinger Bands - Testing the rising wedge - MACD sell signal crossed - Stoch RSI is oversold Overall: I have confidence that bulls are still in control as long as...

elitealpha

Pretty everything is still the same Watch for: - The break or fail or the trendline - If it breaks, watch for a retest - The rising wedge is not complete, when it does we should get a break down - All oscillators are showing downtrend momentum Overall: Still waiting to see the break of $7200 or breaking support and $6800

elitealpha

$7000 didnt hold If anything I would say Bitcoin is just having some side way momentum Watch for: - Rising wedge = bearish (watch for a test of the .236 fib) - Resistance trend line hasnt been broken or tested - S/R are pretty much the same - Still above the BB - Last candle was a hanging man (sell signal / bearish) Overall: If we break support at around $6600,...

elitealpha

$7000 is going to be a tough $ to hold My next target is around $7250, if that does hold, then $6900 is still strong support, with resistance at around $7100 Watch for: - All oscillators (RSI, Stoch, MACD) are indicating downward momentum - Candle is below BB (bearish signal) - Top trendline has been broken - But bottom trend support is still in...

elitealpha

Now $7000 is holding strong The only thing that would really stop Bitcoin is more regulations Even alts are doing better than Bitcoin Watch for: - Next $ target at 1.618 Fib ($7250) - If that doesnt hold, we can possibly retest $7000 again - Support is at $6900 (1 Fib) - Price is above the BB (bullish) - Trendline is still in tact - Many oscillator indicators...

elitealpha

Bitcoin has been at a pretty indecisive stage due to SEC and doubt and fear from the public of not knowing what the final verdict will be. The most important thing to do right now is honestly just wait til the final verdict. From what I can see, it seems the Bitcoin coin is mostly at a sideways actions. Watch for: - Break of S/R will tell us where Bitcoin is...

elitealpha

Back to $6400 again, seems like $6600 is gonna be a struggle for the bulls and breaking $5900 is gonna be a struggle for the bears. The resistance trend line broke as well Watch for: Bull channel (possible continuation or break down) Candles above BB Stoch RSI is overbought Testing .382 Fib Overall: We keep grinding between $6200 - $6400, so until I see major...

elitealpha

Bitcoin...down, down, down We keep breaking resistance and forming many new supports I dont believe we are done with this bear correction, this is still a slow and painful grind Atls are bleeding like a bloodbath Watch for: Bear flag forming Bear trend still in tact Testing .786 Fib Candle under BB If we break $5900 support then $5500 is most likely the next...

elitealpha

Bitcoin...down, down, down We keep breaking resistance and forming many new supports I dont believe we are done with this bear correction, this is still a slow and painful grind Atls are bleeding like a bloodbath Watch for: Bear flag forming Bear trend still in tact Testing .786 Fib Candle under BB If we break $5900 support then $5500 is most likely the next...

elitealpha

Bitcoin is holding the $6400 strong If we can break $6600, then $7k is still possible Watch for: The BO of the rising triangle If we break below $6350, then we are in continuous bearish momentum Overall: Wait until either $6600 breaks or $6350 break to confirm the overall trend

elitealpha

Watch for: Testing .5 Fib Below BB The BD of ascending triangle Support @ $6211 Resistance @ $6357 Overall: The next target if we keep this bear trend is $5800

elitealpha

And down she goes! The market is taking quite the blow right now Watch for: Testing .5 Fib $6387 > if doesnt hold then $5900 is next target Falling wedge = possible bullish movement Stoch RSI & RSI are oversold

elitealpha

Bitcoin is holding above $7 again Still above the BB yet below the cloud Watch for: Break of either S/R A little bit above the .618 Fib OBV is fairly low Overall: I need to see BTC below $6750 for a more of a bear trend or above $8500 for a bull trend Avoid pulling the buy or trigger too soon until we get more confirmation

elitealpha

Looks like the rumors are causing quite a stir ETC already up 17-20% depending on the exchange you're looking at Watch for: Support and resistance areas BO of the ascending triangle Testing .236 Fib Overall: Take profits with ETC if you are just getting in b/c a dump is possible

elitealpha

Looks like $8300 support broke quite easily Now bears are more in control Support = $7230 Resistance = $7575 Things to watch for: Next target is $7140 (1.618 Fib) Hasnt broken the resistance trend Below Ichimoku BB are widening Stoch = oversold MACD = histogram is about to be + The rising triangle which seems bearish

elitealpha

Bitcoin $8200 mark did not hold So now we have support at $7300 and resistance at $7800 Things to watch for: 1.618 has been tested, so watch for a retest or bounce Either a descending triangle or pennant is forming (too early to tell on the 4 hr) Overall scenario...I see Bitcoin and the market slowing grinding down from here until we get a clear bounce