ZEN is in the $19.5 range atm and enjoying a nice run up. BTC however after several great green days is looking to start consolidating back down to establish a higher low on the daily to confirm a longer time frame up trend. If you are up on ZEN, this could be a good time to take some profit. BTC on the 4H also has the potential to form a H/S pattern for the...
After that huge dump, we are seeing hard support at $7280.12. Since BTC got oversold on every timeframe up to the 4H I got into a 40% position with an average price of $7313.02, with stop loss set at $7240.55, and max up size resistance set at $7576.35 for a 3.63 Risk to Reward ratio. In the next hour or so we should see a break one way or another, keep your stops tight!
My target for this current bull run is somewhere in the 7000-7500 range, over the next couple of weeks. However unless massive vol shows up then, the bulls will most likely gas out again and we will continue to head back down to 5000 for a retest of the high of Aug 2017. I expect a stronger bounce then, and hopefully we get one, because 3000 is the next strongest...
Looking more and more like we are heading to eventually test 5k. The price tested that resistance several times and actually where able to pop through, however with no follow up vol or intensity. So instead of us bouncing back into the 7k range, it's looking like more sideways action before another fall. Also the recently pump is more of a reaction related to the...
Bitcoin broke through the 7k range with animosity, we are now approaching the last Bitcoin low of the year $6444. Imho that position won't hold and right below that is the weekly downward trend line, which due to it being really close to the last low and the velocity of the current drop, won't hold either. I would not be taking any long positions in the 6k range,...
However my bet is on the trend breaking down... on these smaller timeframes we have the MAs coming in to act as resistance, and also the 7000/6999 range acting as a magnet at this point. We may bounce off 7k, but from the looks of all the longer timeframes, this will most likely be a weak bounce as we break further down, retest the lowest low and then break that...
We are inching closer and closer to the weekly downward trendline, where Bitcoin "may" bounce. However it's much more likely to break down. No bull volume and we are closer to the last low which imho will get tested again and broke as well. There is no natural support in the 7k range and once the last bottom is broken we will be on the path to 5k Bitcoin....
My last chart still stands with a weekly bearish trend: However after confirmation of a higher high higher low on the 4 hour and 6 hour looks like we will have some bullish movement on the Daily. In my opinion however we will tap out around 8800-8900 (Which is my exit) before coming back to the down trend. Saving this chart to see how my Elliot Wave fits over...
Ever since the 128-200 Death Cross on the daily here () BTC is finally heading back to the weekly downward trendline. I'm convinced we will see lower lows in the next month or so. Currently it's way too hard to day trade for me personally in the current environment, the risk to reward ratio is awful, especially since I only trade on GDAX and do not short. The...
I'm still a super long term Bull on Bitcoin, this is the most valuable asset of our time. My TA here is for entertainment purposes and is my opinion only. We still have a bearish weekly chart more resistance points than support. The short squeeze and whale activity back on 4-12-18 imho is causing this latest bull run to last a long longer than it should. Instead...
Be wary, this almost 1k jump on the hour is just going to prolong Bitcoin's downtrend. Which is good actually... instead of us hitting sub 5k next week, looking more like sometime in May now. Which could signal stronger bounce back into the upside around 5k. Instead of a weaker bounce and possible continuation down to a 4k / 3k test. Not ready to get back into...
This is a very similar pattern that is probably going to repeat. These short term parabolic bull pushes just get eaten up and destroyed, thus continuing a down trend. I believe Bitcoin will eventually get new ATH's this year, just not sure that the bear destruction is over yet. Watch the charts closely the next 5 days, if it breaks below 7k, 6k won't hold.
Looking like a possible break up in the coming days/weeks. This period followed a perfect 5 Elliot waves up and a ABC corrective wave down. Hoping that we are about to see a healthy new wave 1. The sell the news investors decided to sell off a few days early before the Feb 20th relaunch/rebrand event in Berlin. Been accumulating more lisk during the downtrend....
LSK at the 1 hour breaking through heavy resistance, possible wave 3 in action, watching for confirmations. LSK rebranding next week on the 20th, not seeing a huge sell-off like the November event happening. At this point much more serious investors, developers and project leads are heavily invested into LSK. In November it was more speculative investors trading.
SNT's mobile alpha has been deployed. SNT's development continues to be one of the most active and transparent in the Ethereum ecosystem. Longer term I would defs HODL SNT as Ethereum 2.0 with sharding approaches. Status will connect multiple successful Ethereum based Dapps and tokens. Short term looks like up trend break out into the green, seeing return into...
The 128 day MA line which has been strong support for Bitcoin has been broken several times. Trend is continuing down, if 10k support breaks again it's a long fall into the 9-7k range. Lots of bad news recently as Bitcoin merchants and businesses are dropping BTC use. Lighting network needs major adoption by said merchants and businesses to start gaining...
Checking out the 1D, 4H, 1H charts... consolidation is coming to a wedge. This is my first idea, actually seeing the same thing happening sooner on SNT atm.