Adding a low leverage short here and will add more a little higher.
You can use the ETH/XBT pair.
Look for a 38.2/68.1 pull back from here.
Won't re-enter until I see volume confirm.
Hit the 161.8 target.
Bearish Div on RSI
Strong Supply Order Block
Hey Ripple... err, I mean... XRP Fans!
I got a lot of great feedback for doing my Bitcoin giveaway and decided to giveaway the #2 cryptocurrency by market cap.
XRP was one of my very first trades in crypto and it treated me very well... and I'd like to give some back.
Since I first bought it in 2016, it's had an insane ride for price.
It's one of the most...
Have the lows already hit for Bitcoin... or is there more to come?
Let's put some money on the line and pout out our predictions for year end 2019.
Mine is $12,360.
I'm offering up 1 Bitcoin for grabs to whoever gets the closest to the price of Bitcoin on 12/31/2019 at 11:59pm EST.
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Good morning traders!
So far, so good.
Bitcoin is off to the races and filling out a symmetrical triangle.
It's currently right at resistance and potentially forming a bull flag.
The volume is low though and we are starting to see some bearish divergences on the hourly with the RSI and volume.
Look for a potential...
Good afternoon traders!
If you read my economic collapse prediction on October 4th, you would have seen the swing high failure on the RSI as well as the sell volume that accompanied it with a prediction that the double top would result in a massive sell off.
Well, here we are... 16% down and panic starting to unfold across the...
Good morning traders!
We got a very nice reaction off the 200MA that I mentioned in my last chart.
So far, the 38.2% fib level is holding, but we may not be 100% out of the woods yet as it looks like a bear flag may be forming.
The weekend volume is very weak and it's important to not over trade during low volume/low liquidity times as the risk of Bitcoin...
Good afternoon traders! Today, I'll give you a more technical chart, but I will continue to update the magnet chart soon.
Technicals are saying we should see a retrace with lower volume and a hidden bearish divergence, but the selling volume/selling pressure isn't there yet. Bulls went into hibernation on this rally.
If you've been following my magnet charts,...
An Ode To The Magnet:
When all was at a loss, and salt was at a high,
The magnet showed up, to pull us to the sky.
The hero we needed, but certainly don't deserve.
Our prayers were answered, our calls were heard.
When darkness loomed, all feared the worst.
Short sellers calling $1000, Bloomberg the hearse.
"Bitcoin will never die", the magnet said to us,
In my last analysis, I predicted the downward move from $6400 when everyone was bullish to $1,000,000, and this time, i think a big move is coming.
I could be very wrong here, as we're been stuck in this downtrend and knife catching is usually not the...
It's fun and exciting to get caught up in massive projections and run-ups, but it's impractical as traders.
Click the +1 like button if you agree.
Let's get back to reality and focus on the here and the now so that we can stay profitable and make consistent gains with our trades.
I have been guilty of doing that sort of post when I was first on here, but will...
Short term, we're not seeing much movement out of Bitcoin.
Not much has changed on Bitcoin from yesterday as it stayed within a $50 range.
We are in a rising wedge while it's having some difficulty breaking through the fibonacci levels.
Even still, this area is a no trade zone for the most part due to the low volatility and the lack of direction from the bulls...
- Strong rebrand with only downward price movement (indicating accumulation)
- Bounced on the .618 Fibonacci with strong support
- TD9 Buy set-up on the daily chart.
- Strong support level from back in april.
- Nice doji with strong buy volume follow through.
- Double bottom on 4 hour RSI
- Expectation of at least a run to the .0026 level for 26%
- Will watch for...
Bitcoin finally got some movement last night as it retested the $6500 - $6550 trend line that we were hoping for.
This trendline has held back Bitcoin for the past several months and we were expecting a pull back to add in on a long.
If you take a look at my chart below, you can really see how much Bitcoin respects the fibonacci levels from short term to long...
> Bullish divergence
> RSI support bounce
> Strengthening RSI
> The buybook is stronger than the sellbook
> Broke the down trend
> Holding the .618 support.
> Amplify Airdrop Snapshot in January (expect price to rise over the next 2 months)
> RSI remaining quite bullish.
> Maintaining the .382 support and bouncing off the .5 support.
> Rising RSI with a swing low failure and bullish divergence.
> Expecting an impulsive move to the 1.618
> Great risk/reward