kravenrob

kravenrob

You may have read it or not, that May was supposed to be bearish, and June would be bullish again. We've seen bull divergence started on May 29th. Now the price is going up, but don't be fooled and have a look at RSI, you can see lower highs, which means that the bulls are slowly losing energy. I expect the BTC price to go down again. Many experts say that...

kravenrob

Maybe I'm drawing the trend lines wrong... but EOS looks kinda on its own these days and not bearish. What do you think? I'm neutral but I realize I should have bought EOS when it was around 17.5 or so... waiting to rebuy or eventually let it rise up a bit more and short it.

kravenrob

I'm still trying to learn how to draw/count elliot waves. MY humble knowledge is based on Philakone's tutorial here: www.youtube.com He said: "If wave 2 retrace a lot: wave 3 won’t retrace that much. Wave 4 won’t retrace into wave 1 territory (peak of wave 1). So wave 4 will retrace, but only higher than wave 1 After wave 5: don’t buy at 0.618. Do fib...

kravenrob

Just for fun :)

kravenrob

Big channel, what goes up must come down as well. Planning to sell some BTC at around 9.1-9.2k. Buy back later at around 8.5-8.4k.

kravenrob

Support at around 8.5k, that would be my guess to go long again. If the price drops further than 8.5k, I guess that we can see it as a bearish signal, in that case, don't re-buy and wait that it drops further, e.g. till 8k or even lower.

kravenrob Updated 

This idea is based on the short term: climb on March 11th and drop on March 12th. Philakone -a guy that I follow and admire- normally refers to the Fibonacci 0.618 as the "magic number", and the retracement between 0.5 and 0.618 as the "golden pocket zone" to re-buy after a correction, if you want to go long. If you want to go long, please be careful and read on....

kravenrob

Just to keep it simple: yes the price dropped yesterday, after 3 RSI tops rejected, the previous bullish trend was clearly inverted to bearish. I may be wrong, but now RSI looks bullish to me, the price is going up...

kravenrob

This is just an idea, I'm not a professional, just an amateur and this is an approximate TA without considering many other factors. Sorry about that. That said, here my thoughts: - we saw resistance at around 11.7k (see trend line in yellow) - we saw a price drop till 8.5k - I believe that bitcoin can reach 11.7k again - I believe many people will take profits at...

kravenrob Updated 

Despite bitcoin going down and other alts following it, ripple seems to slightly go up. Resistance around 88k, I wonder what's next. Right now, as other alts are going down, ripple looks like a good alt to use to accumulate more BTC, but of course it's a risky thing. I'd personally buy when RSI is undersold and sell when it's close to the resistance, all of this...

kravenrob Updated 

If fibonacci 0.5 is broken, we may get opportunities to ladder buy between 0.5 and 0.618! I'm no financial advisor, just my opinion.