So its another week and another BTC breakout. I have been saying for months that we will head towards $10k this year and many have laughed. Its incredible to me that people are still looking for some magic ABC correction - its just not coming yet. The SME futures will drive a huge amount of liquidity to enter the market. i Recommend looking at what happened to...
- Cloud and Ascending triangle support - Nice increase in volume - Mac-d Turned up bullish - incentive to be in Bitcoin for both coins has evaporated. Could be worth waiting for the next push throguh $320 resitence to confirm but i am bullish ETH.
This is the potential path IF we dump. I am learning bearish after we broke up-trends but we could certainly see much more volitility in either direction around the fork.
The Bears will be hunted before the fork. I know there is new money on its way who also doesnt care about the fork due to interest in investing into my fund. Hopefully the chart speaks for itself. Any questions let me know. filbiflb
Bullish Case: - Leveraged longs are closing but price is rising - CME news is bullish - The whole crypto market is in an ascending triangle and is bullish - Capital flow from alts into BTC for 2x - TD sequential monthly and weekly indicator suggests more upside - Targets would be 7k and upward after a retest Bearish Case - Touched rising wedge resistance...
This is an evolution of the attached idea. Targets now clear. Dip buying opportunity for the short term rn IMO.
- Ascending Triangle - Bullish Cloud - 'TK' Cross above cloud - 'TD' 9 Signalling end of downtrend - MACD about to cross just above bullish - Fundimental analysis www.youtube.com - Devcon 3 early November Targets are: $395 Short term November 2017 $700 Q1/2 2018 $2000 End 2018
This 2017 time cycle analysis of fear and uncertainty (driven by BB/scaling debate) followed by resolution and new all time highs looks to repeat and set to continue through to the segwit 2xActivation which will inevitably create FUD. We look to be in a FIVE WEEK run up towards $7k in September ahead of Segwit rhetoric probably seeing some profit taking along the...
- Break to the upside expected - Falling Wedge - RSI Divergence - Daily Doji candle - Selloff after 'Bitcoin Gold' will be rebought for 2x - Mac-d trying to resolve Bullish
Hi Traders - i have just completed a bit of analysis i thought i would share with you all on Youtube. It illustrates Ethereum and Bitcoin valued with Metcalfs law and is an update to a video i presented in December calling for $4,500 BTC. I hope you have a chance to review and as always appreciate any feedback Enjoy! filbfilb youtu.be
See chart Fractal and losing momentum going into the weekend. Short term bearish. Expecting bull market to resume next week.
This pattern is invalidated if we break the green support area.
Incredible run today. I present some very short term (24hr) targets. Mange this trade effectively and it presents great Risk rewards however please apply your own due diligence.
Bitcoin has made record highs again this year and is on and epic journey destroying everything in its path. Targets at new highs can be difficult to measure and using Fibs is often a measure i rely upon. This however is a geometric approach i use to assess new highs and timeframes when we are in no mans land and thought i would share with you. I am off to...
Consolodation Period to come. To Know what is to come it is prudent to refer to the past. Last time we made a big pull back after making a new all time high we needed to consolodated before we could make new highs. This is not unusual and was expected if you refer to my origional commentary. This usually comes about due to double top callers. I personally...
Bitcoin and alot of the other Coins have turned bullish. The Bearish H&S has been defeated and invalidated. Note; never marry your position as a trader. Not all trades a profitable you must reognise when previously sound analysis become invalidated. There is strong confluence across indicators that a bottom has been confirmed. (A&E Bottom, Inv H&S, Bullish...
The bear is bouncing this weekend. Targeting c. $3750-3900 partially due to a bounce from the retest around the 3500/600 support level and further compounded by high st traders closing their shorts on Friday. There is still huge mac-d divergence which needs resolving and potential H&S formation to complete on lower and higher time frames. Looking to refull...