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 watching 245 to see if we have support, if we do I will add long 242-238
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% Indicators: Volume Profile on the left SMA, purple 50, pink 100, white 200 BullBearFilter Stochastic by CryptoRhythms
A chart showing 2 positions 1x short from the botton about $3500 1x short from the bottom of the $4k pump Above each position are the liquidation levels at the different leverage amounts
No confidence in too many bullish charts at the moment. Janice on the checkout at the local supermarket isn't talking about crypto and until she does, you have to be cautious
I have been comparing BTC to the July 2018 period. Not at much volume but appears to be more bullish. Not sure if that is enough to keep the price at this level until June though
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...
Currently following this pattern using the fib lines on 12 hour for targets.
If ETH can pop above 152 and support follow I will be looking for 172 On the downside I will be looking to see if 142 holds
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.
Repeating pattern or Diamond bottom reversal Nice painting to keep people guessing
A well defined cup & handle on the LTC chart I shorted the top of the last leg as it was tweezer top candles on the 4hr I think a drop from current position and I will be looking for entry back to long For further information on the indicators I use Bottom / Top Finder and BullFilter www.tradingview.com t.me Check out my crypto designs store www.redbubble.com
I have a long on futures bought with approx $150 discount However I am still short on perpetual on bitmex