Short term trades
If we stay inside the triangle on the 15 minute TF, look to long a breakout with TP at the magenta trend line 11560
TP at the 23.6 fib 11750
TP at the purple trend line 11900
look for lack of volume on the breakout and use stops in case of fakeout
If we drop out of the triangle short
then watch for bounce and retest of 11300
Here is a quick analysis of BTCUSD, 15 minute interval on the Bitstamp chart
The green line shows the support level.
The red line is the resistance.
I will be looking for action similar to the magenta lines.
I want to see the price break the resistance then that resistance become support a pump back to 8k
I have included various indicators on the chart so you...
Just scalping at the moment, still got a long open and a short from above 8700
I was looking at possible inverse Head & Shoulders on low TF but watching candles for
double bottom here and pump
pump rejection at 8k
no volume drop to 7700
flag with breakout to 8236 and final pump exhaustion around 8360
all of these are inside my main positions so just...
I see a lot of comments at the moment regarding pullback or retest.
'Ooh it's rising too steep, it's gonna crash!'.
'It hasn't pulled back, it won't go much higher'.
So here is a quick comparison from 2017 on the left and current price on the right.
in 2016-17 we saw an increase from 600 to 1200 with a pullback to 750
Then up to 1300 and another pullback to...
Sorry for lack of analysis recently.
Been busy with life.
Overall long and targetting 9600, thenn 10400
Keep an eye on futures expiry date .
So far it appears whomever is pushing the price, they don't want anyone getting a long fill so I didn't wait for retests
If you want to get the public crypto crazy again, the potential gains need to be something to talk...
Currently trading ETH
Long from 225
Bear Bull Filter identified great entries
Past 245 resistance now, there good volume for a weekend.
Almost at 23 fib on 1hr
Past 23 fib on 4hr
I expect we will drop back under though when we wick it on the 1hr
If we do I will short scalp but...
LTC looks like it could be forming a diamond bottom.
Zooming out immediately makes me ignore that for continued downsie to the LTCM19 Expiry, however BullBearFilter is showing possible long signla and stoch is turning up.
Moving averages and pointing down on the daily but only just so that could change
then factor in the LTC halving not too far away
Many systems on this planet follow 4 year cycles.
Here is a comparison from 2014 and 2018 bitcoin price.
1D charts, roughly equal time scaling, from the peak on the left to the dip near the centre is a price difference of 500-550%
Volume Profile on the left
SMA, purple 50, pink 100, white 200
BullBearFilter Stochastic by...
After circling the current fractal in play as one from May - Jul 2018, I started to notice other coincidences
I marked the weekend Friday midnight to Sunday midnight with dashed vertical lines
Next I measured the height of the two pumps from the 2018 fractal
When the first pump is overlayed on the pump from 4k, it is almost the same price increase
If the next...
Heading for target
another week before month end
Many people looking for a bang close high so always got to have a bang close low in the back of your mind
Low I will be looking for 3460
High I will be looking for 4580
Possible cup and handle forming.
Watching closely 0.0121 to see if there is another push to 0.0135 with possible wick to 0.01243.
Or will support fail and retest below 0.01
sidenote: the only tea I drink is a liquorice tea.