skoracle

skoracle

BITSTAMP:BTCUSD USD strength on tight FED monetary policy alongside spontaneous negative events in the crypto space should see a test of 10k and likely a stop loss run below to around 8k

skoracle

Previous Update Posted On November 23th 2020: 61.8% to 78.6 fibo level zone extended from 1st wave of correction from all time highs provides clear positive risk: reward play for a downside correction to follow with entries preferably near the extended 78.6 fibo level short BTC at around $18,035 with stops above all time highs and just below the next big...

skoracle

Prior chart showed weekly price action, as with fundamentals...technicals can provide more perspective when taking a top down approach (4HR). BTC downside at the start of the Asia session sees 2 key shorter term trendlines and/or key price levels tested: Break below trendline support at $17k big figure opens door to stops on weak longs triggered to the - ...

skoracle

ORIGINAL TRADE SETUP POSTED FRI, NOV 19, 2020 61.8% to 78.6 fibo level zone extended from the 1st wave of correction of the all-time highs provides clear positive risk: reward play for a downside correction to follow with entries preferably near the extended 78.6 fibo level short BTC at around $18,035 with stops above all time highs and just below the next big...

skoracle

BTC SHORT TARGET ADJUSTMENT for 6:1 r/r opp 61.8% to 78.6 fibo level zone extended from 1st wave of correction from all time highs provides clear positive risk: reward play for a downside correction Short limit entries above spot prices (previous posts - preferably near theextended 78.6 fibo level short BTC at around $18,035) Stops above all time highs and...

skoracle Updated 

UPDATED CHART W ACTUAL SHORTS AND LIVE P&L UPDATES 61.8% to 78.6 fibo level zone extended from 1st wave of correction from all time highs provides clear positive risk: reward play for a downside correction to follow with entries preferably near the extended 78.6 fibo level short BTC at around $18,035 with stops above all time highs and just below the next big...

skoracle

Is 7 the Lucky Number? Every Consecutive Weekly Gain in BTC was stunted at 7 consecutive weeks maximum and saw either a major correction or minor corrections in the upcoming. As this being the 7th weekly consecutive gain, seems 7 may be the lucky number for BTC shorts - if history repeats itself, at the very least a minor correction seems likely heading into...

skoracle

TECHNICALS: .618 - .786 fibo zones key On the uptrend starting 2002 - the pullback finally reversed course above trendline support after finding a bottom at the .618/.786 fibo zone For the downtrend starting 2008, multiple smaller waves as seen in consecutive monthly big figure moves posting aggregate losses in EUR/USD of at minimum 20 big figure retraced up...

skoracle

The steep angle of ascent as seen in this most recent BTC bull run has occured only twice since 2018 (longer term daily chart), both seeing BTC trade sub $4k vs. USD within the coming weeks. - Break of trendline support would be confirmation that BTC bulls have exhausted and an equally vicious downside swing is in store - Shorts on breakouts below the recent...

skoracle Updated 

On numerous occasions, the 61.8% to 78.6 fibo level zone provided clear positive risk: reward plays for the downside corrections as outlined on charts. The 61.8% to 78.6 fibo level zone extended from 1st wave of correction from all time highs provides clear positive risk: reward value from a contrarian perspective that a downside correction is more probable as...