mortonpeak

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Top Mentioned Symbols
BTCUSD 72% | 42 LTCUSD 8% | 5 BCHUSD 3% | 2 NXTBTC 3% | 2
mortonpeak mortonpeak PRO BTCUSD, 30,
BTCUSD: a 5% zone of demand support in BTC today
56 0 1
BTCUSD, 30
a 5% zone of demand support in BTC today

Great for BTC day trading, excellent upswings, seems everyone is looking at that pitchfork channel . The overall buying momentum is impressive along this 3.5 - 5% gain channel, excellent day trades. People are willing to lap it up along these trends, west coast US trading session

mortonpeak mortonpeak PRO BTCUSD, 30,
BTCUSD: BTC: today's bullish chart
63 0 1
BTCUSD, 30
BTC: today's bullish chart

took several steps to determine a set of support and resistance lines, moving up two likely parallel channels. We are still bullish as of this am, los angeles time

mortonpeak mortonpeak PRO BTCUSD, 15,
BTCUSD: a fun little drawing
63 0 1
BTCUSD, 15
a fun little drawing

how we move today versus yesterday -- pretty similar uptrends, and down throughout the day/ 24 hr Come on China, rouse it up!

mortonpeak mortonpeak PRO BTCUSD, 15,
BTCUSD: a more ferocious drive, now
68 0 1
BTCUSD, 15
a more ferocious drive, now

This upward drive is more ferocious than the last, at the start of december / end of november Its momentum is harder, more violent

mortonpeak mortonpeak PRO BTCUSD, 30,
BTCUSD: btc bullish short term
37 0 1
BTCUSD, 30
btc bullish short term

18k?

mortonpeak mortonpeak PRO BTCUSD, 15,
BTCUSD: btc slippage this afternoon
70 0 0
BTCUSD, 15
btc slippage this afternoon

Don't be surprised to see BTC slipping this afternoon. People really need to drive this price down. You can see that similar arcs of slow-down are taking place, like slip back into the upper 16000's before the Asia session tonight. Asia did not help us bid up prices last night. Was it the rise in mining difficulty?

mortonpeak mortonpeak PRO BTCUSD, 15,
BTCUSD: Looking good for the day trade -- surging on any impulse
49 0 0
BTCUSD, 15
Looking good for the day trade -- surging on any impulse

It's easy to push this market upward at this point. You can see my highlighted rectangle -- people are pouncing on any signs of momentum. Usually a rope bridge like this one is a standoff, and today it ended up in lots of gunfire. Any little twitch at the sign of low RSI or low momentum is exploding upward. Nice situtation, hard to get low RSI.

mortonpeak mortonpeak PRO BTCUSD, 15,
BTCUSD: BTC's west coast afternoon
62 0 1
BTCUSD, 15
BTC's west coast afternoon

after a difficult morning, BTC has reversed trend

mortonpeak mortonpeak PRO BTCUSD, 15,
BTCUSD: BTC falling wedge?
78 0 1
BTCUSD, 15
BTC falling wedge?

This could be a penant, with a resumption of trend line (what everyone expects). But it could also be a falling wedge. Here is Bulkowskian falling wedge playing out: 16K+ on opening day of the CME, 12/10 trend reversing late today here in California (8:30pm) per Bulkowski, http://thepatternsite.com/fallwedge.html Not trading advice!

mortonpeak mortonpeak PRO BTCUSD, 15,
BTCUSD: BTC support replay
97 0 2
BTCUSD, 15
BTC support replay

Lots of optimistic TA coming off TV rt now.... Here is the morning channel Replicating 5 day collapse, less momentum, but similar response to 13.8K, once we dip there. This is why big crashes aren't happening, it's because some guy buys it here If we're heading to 20K from 13.8, someone gets a nice xmas

mortonpeak mortonpeak PRO BTCUSD, 15,
BTCUSD: BTC cup and handle, bullish short term
64 0 1
BTCUSD, 15
BTC cup and handle, bullish short term

continuation of trend, short term bullish while headed into this constricting channel. I expect a standoff where momentum stops, we see who jumps in, seller or buyer, and everyone else looses their mind. will the cup and handle imbue some confidence, and encourage a buying spree during our lull?

mortonpeak mortonpeak PRO BTCUSD, 15,
BTCUSD: lull coming up
47 0 0
BTCUSD, 15
lull coming up

Lulls in the BTC environment lead to one of two things: a breakout or a crash. It's hard to determine which. We are likely headed short term into a low-volatility channel as the market decides what's next. As you can see, the harmonics are calming down. Rumor and public sentiment will play a role, but largely it will be about who is tempted to move on the lull -- ...

mortonpeak mortonpeak PRO BTCUSD, 15,
BTCUSD: the bitcoin rope bridge
51 0 1
BTCUSD, 15
the bitcoin rope bridge

this standoff occurs as a prelude to big bitcoin action

mortonpeak mortonpeak PRO BTCUSD, 15,
BTCUSD: chart formations: the BTC standoff
46 3 0
BTCUSD, 15
chart formations: the BTC standoff

I think we'll revisit this chart formation again: the burmese bridge, representing a standoff between buyer and seller, a virtual siege where no one wants to move, until a real move breaks out. It's tough to call once the RSI crashes, and signals a buy. You must rely upon your fundamental analysis (non technical) to gauge whether you should enter. If you buy ...

mortonpeak mortonpeak PRO BTCUSD, 15,
BTCUSD: penant holding
54 0 1
BTCUSD, 15
penant holding

Public sentiment among traders very positive, expecting big flush in price soon. Trends obeying penant this am, market respecting latest support.

mortonpeak mortonpeak PRO BCHUSD, 30,
BCHUSD: bch during btc reset
27 0 0
BCHUSD, 30
bch during btc reset

hard to get crypto out of gdax in order to avail myself of this trade

mortonpeak mortonpeak PRO BTCUSD, 30,
BTCUSD: penant redraw
75 0 0
BTCUSD, 30
penant redraw

BTC is not looking like it will recover in a week, but sooner, perhaps tonight, UTC-8, late?

mortonpeak mortonpeak PRO BTCUSD, 60,
BTCUSD: BTC: penance and penants
71 0 2
BTCUSD, 60
BTC: penance and penants

Given last night's pullback, and Asia's refusal to save it, we have a penant. BTC's favorite formation. I like to draw a horizontal at the mid point of its apex, then redraw the trend running up the spine of it, as a continuation of trend. I am drawing a pessimistic penant, assuming we're at a dip. It should hold like this, pure misery for days. Interesting ...

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