Slightly different view point with the Bitfinex platform vs Poloniex, which it appears to narrow in on the finer details. I prefer this chart! Cheers!
I would like to first discuss the "Throw over" channels and Elliot Wave: Ralph N Elliott discovered that price would often pattern in a parallel channel, and not only that, but he often recognized, that on both sides of the channel there was a zone, which he referred to as, " the Throw over" channel. After studying channels & Elliott wave for many years, I can not...
It's been awhile since I've posted a BTC chart. The last chart, I believe, articulated this line, which I believe most people are aware of, but I thought I'd add this potential fractal that I've been following for some time now.... So, either a drop hard to flush everyone, or we break the red line and head higher! Place your bets! Good Luck!
Again, rare charting for me to reveal publicly...my concern is, once revealed, "they" will change it (whoever "they" are)! LOL! I trust that if they change it, I'll find the pattern again...apparently markets are more about algorithms driving price, and they will leave some type of 'markers', which they can conceal, but not completely hide! How else can one...
EOS is lagging BTC! If you follow my work, then the pattern and targets should be straight forward!
Very rare chart for me to offer this information...I typically hold back on some of my cards! To me, trading is like crossing a busy highway! It's VERY important to look both ways at all times! So, despite posting some bearish charts regarding XRP's price, you should also be aware that I am EXTREMELY bullish on XRP!!! Following this pattern has helped me to...
The Descending Triangle has not worked well for Bitcoin, so I thought it might be worth comparing to XRP! I'm not a Perma-bear! I'm just open to the idea that price can be manipulated much lower!!! Remember, we are lacking Regulation Clarity, and Ripple doesn't mind unloading large blocks of XRP, which has an impact on price! Regards!
Boo! Happy Halloween everyone! It must be Halloween because I am handing out some awesome treats today!!! Earlier I posted a potential bearish fractal for XRP, which I have been following for several weeks. But this comparison pattern to BTC has been on my radar for a LONG time. At this point, I am not willing to label it as a 'fractal', but rather a very similar...
Fractals can be very useful, especially when you're on the correct fractal! This is the short term bearish fractal that I have been 'eyeing' for some time now! Remember, Fractals are often very similar and not always exact, but by nature, they are eerily similar!!! Cheers!
Before we panic, let's see if this fractal remains true to the previous one! Also, some support levels if it doesn't hold!
While Bitcoin has provided some powerful bullish moves recently, I thought I'd point out the obvious, which is, it is nothing more than touching the under side of a MAJOR trend line, as I see it, and it could still prove to be the last touch before heading much lower. With that in mind, BTC price, in order to confirm the bullishness, will need to simply close...
I'm not a big cloud cover guy, but I do pay attention to certain aspects of the cloud cover, and I find it interesting how price recently snuck over the top of the cloud, and price looks like it is testing it as support. Will it hold? We shall see. I think the overall sentiment is Altcoin winter is nearing an end, and it seems like most people that i follow are...
I wanted to offer an alternate path for future price movement. The upper channel line is key, and when price decides to go above it, then we can start to look at the correction being complete...until then, price is still correcting. I've studied channels and price for many years, and in my experience, price will almost always find the median line before exiting...
I do not have time to offer much details here and now, but I will try to do so later! Tonight's close is important, which could affect the path, but overall this is what I have been tracking for quite some time. Cheers!
Those that have followed me know that I have been a fan of the 125 MA daily, and mentioned in a previous post, if the 125 breaks, that's the clue, which it did and now BTC is looking for support. If you scroll through some of my old stuff, you will also see that I have referenced "MY LINE" in the past, and I am posting it again! This should be pretty solid...
Since the latest price action, I have decided to update the channel lines! As you can see, the price action has dropped out of the lower channel, and yet remains in the "Throw-over" zone! At this point, price really needs to hold the outer dotted channel line. First, let me address the statement, "Dude, it's blown out of the channel"! For anyone that has studied...
As I mentioned last time, the 125 MA was the key to Bitcoin's price remaining bullish. Once that broke, you should've been out! Let's see if it repeats and finds support with the 250 MA... Good Luck!