mmacwj

mmacwj

plotted BTCUSD fractals on the RSI, on the weekly..

mmacwj

im pretty sure once we see parity of BITFINEX BTCUSD prices with all exchanges then a reversal will happen.. BTC is still paying for the USDT creation.. So there have been new buyers but they are still just filling the gap created by the USDT (Tether) generation.. currently we are at approx $200 offset between Bitfinex and Coinbase exchange prices.. so half of...

mmacwj

current price based on last ath break in april and some fractals gave me a top of 1050 ish and a pull back of 800 ish on the way to 1800 sats.. it could overshoot into 2ks and then follow an abc retest while adoption takes place for assets.. if the current retrace plays out then this price should form a strong resistance after ABC at 1k ish

mmacwj

BTS approaching a major resistance point established after December 2017.. There has been an gradually rising support since March that has held.. surely an imminent breakout is due?

mmacwj

a wild attempt to chart BTC today based on current data - purely using this as a test chart for records

mmacwj

as before but on the 4hr

mmacwj

The two charts show how viewing the current BTCUSD price trend and breakouts are considerably different when seen in LOG scale view and LINEAR scale view. While i use LINEAR scale for the majority of my charting, I often switch between the two scales, especially when there has been limited movement when price crosses one resistance but fails to make the scale of...

mmacwj

BTCUSD has following lower channel.. lots of compression forming here.. there is one hell of a fight to keep BTC above the sideways resistance which it broke a couple of days ago.. i guess one has to sit and wait while the BEARS and BULLS fight it out Rocky style.. www.youtube.com

mmacwj

ignoring the possible bearish descending triangle, XRP seems to have found some support at the previous pennant breakout level.. (see prev chart linked below) the 4hr chart shows XRP is low on RSI & MACDs about to cross.. the sideways resistance line drawing in closer and yet to be broken since recent ATH.. All points to be coinciding with a potential BTC move...

mmacwj

Crypto is looking for a solid move with continued stability or some upwards movement with btc pushing the sideways resistance and the market looks for a long overdue break.. ETH looks set to break upwards out of its bullish pennant, with talks of sharding and new tech to alleviate the short sellers maybe some decent price movement. The upper ranges as seen on the...

mmacwj

will it hold the support and break upwards?

mmacwj

will btc break resistance? and continue upwards within channel? only a few days away from the main resistance line if btc can maintain this price and pass sideways through its upper resistance surely an upward movement will follow.

mmacwj

will btc break resistance? and continue upwards within channel? only a few days away from the main resistance line if btc can maintain this price and pass sideways through its upper resistance surely an upward movement will follow.

mmacwj Updated 

As BTCUSD encroaches its upper resistance there is also pressure from the lower resistance "red line" (NOT a flat bottomed triangle), so far BTC has stuck within its channels as per my previous posts.. If BTC fails to break this lower resistance line in the enxt day or so, it seems the increasingly desperate shorters are failing in pulling the price lower since...

mmacwj Updated 

revised

mmacwj

I don't usually trade or publish much below 1 day charts but XRP has pulled me back in.. in the past these bull signals produce results. Will XRP buck the trend if and when BTC hits its resistance and carry on up or retrace? Huge movements in the past could provide the volume.

mmacwj

BTCUSD is now approaching the bottom resistance of it's Bull channels, a 5k dip would tally within trend + fractals say we could be approaching a breakout point and a push to further heights. I have also marked dip curves in volume that appear prior to rallies.. thanks to John for reminding me of this long term trend chart..

mmacwj

revision of previous chart with tighter resistance lines