CAVEAT: NEWBIE TRADER, NOT ACTIONABLE ADVICE! Perfect downward triangle this am, perfect buyins pushing fast rise, could keep up while prices remain low. Looks like we will have an LTC rally to get your daily gains, perhaps now
NOT INDUCEMENT TO TRADE! BTC recovering a parallel channel trend, moving up. You can see how this collides with both a recovery trend, and a more recent (but older) trend, which compresses soon. Truth be told the BTC community makes money when the price collapses, and recovers! Once they get paid, they will take a break.
LTC gathering steam to smash something, at least be valuable today. You can see these simple trend lines, and buyers recovering demand
I had said we might get to 8110 tonight pretty soon, but not with this pattern... but check out the steepness of the trend. Thanks to those who predicted a penant
NOT TRADE ADVICE -- PURE UNPROFESSIONAL SPECULATION FOLLOWS ATH tonight UTC-8, $8,110 BTC sell off around 7 pm if this keeps up this triangular support line has held up all afternoon like clockwork
Pretty flagpole design to BTC right now. I measured angles of the previous four big run-ups in price, with an average angle of 51 degrees. You can see what happens once a 51 degree angle is applied, to continue the existing trend. I increased the angle from its continuation 40 degrees to 51 to account for potential Wall Street stuff happening behind the scenes. ...
Today was a day that defied yesterday's momentum. As a learner, I had to face up to buying too early in the day, thinking we would have yesterday's aggression. Today was a day to consolidate, not move ahead. But look at all the small trades possible, if we waited for things to drop. Oh well, if parallel trends continue, looking back three months, we should reach...
Using a few pitchforks to estimate return to 8K (tonight around 10:15, UTC-8) How a few pitchforks turned out last few days, with these dramatic upswings
Look at how prices recover almost 50% of losses (over 6 hours) in one hour. The market is waking up and following along with a pretty steep recovery. People want in on what is perceived as a big momentum play.
Today had a big bat formation. Price is recovering, with these notes: Change your projection to one minute, at the tick mark I circle, here. Volume spikes, on a rising price. People want in on this rally, despite the extreme RSI. Why, I ask? People feel that they missed a buy in, during today's plunge. I have learned to love the backtrace, though today's...
head and shoulders formed for btc
after today's high, there were two bollinger compresssions, 45 and 30 minute, where prices languished. AFter that, one dramatic rise again. Then, after the rise, we are seeing another stagnant bollinger compression. Given the volume during this lull in price, we could get another jump after it. People are immensely afraid of missing the 8k top?
the public sees a return to highs for BTC, watch the parallel price momentum pre-high on the 8th... it's returned, and represents a momentum play in the minds of the public
Looking at BCH this week. Great volatility, people are buying it low and bidding it up really nicely. With a 35% swing this week, it is getting bought. A great place to trade this week, if I could just get my BTC to transfer... Also holding my BTC, it is behaving. Thinking that on off days with BTC, will look at working the BCH trade...
Average buy-in in ETH/BTC is occuring around RSI 56, a strange lowpoint in RSI, but is providing good upside, after buy-in.
My first time studying LTC chart for the day. What a great day of shooting little 1% gains. Just follow the BBs for like, 12 hours of good hits. But, you must walk away after a few hours, because it peters out. Hope it's this way tomorrow. Will likely depend on movement inside of BTC
YOY, bitcoin preserves the same monthly RSI. Overselling, overbuying all looks the same. Same darn pattern. But the last months exhibit such dramatic price rises, you have to think that the core BTC buyer is committed to BTC. Why? They perceive the same structural weakness across economies, worldwide, and that BTC is an agreed store of value. My chart omits total...