pietersielie

pietersielie Updated 

This is the levels i'm watching on BTC for Dow theory analysis. I definitely want to be there when this trend turns around. Ill keep you posted when some crucial levels breaks, with the implications there of. Currently 6k is the level on everyone's mind, Personally ill be ecstatic if breaks, as it would signify the next phase in the bear trend, progress.

pietersielie Updated 

Some targets for this triangle breakdown of btc, an invalidation would be if price re-enters the triangle with a close inside.

pietersielie Updated 

LTC is looking very bearish, target 35 usd

pietersielie Updated 

Two historical extrapolations of BTC, posing two outcomes, both establishes 11600 as a key level. Nether one of them has to repeat, but history is all we got to give us clues about the future

pietersielie Updated 

While BTC is stuck is in this triangle, not much action happening compared to 2017, one gets to think of stuff you never do in a trending market. This just analises the strenghth of each leg inside the consolidation, and then by basic subtraction extropolates the strength of future legs, untill we get a break out. Peace

pietersielie Updated 

BTC LOG TREND LINE ANALYSIS My interpretation of the major trend lines, support and resistance in the bear market. Since trend lines are just extrapolations of previous price action, they carry less weight than horizontal support and resistance. I will be watching these trendlines, and be looking for confirmation in terms of volume and breaks of support and...

pietersielie Updated 

This analysis is courtesy of Tim West time@mode system, and Ivan Labri for introducing me to the system, if btc manages to break the 6k low, price has a target of 3300, with expiry date of 46 days. Excuse if all don't look that professional yet, its my first post.