The 4 hour 200 EMA has been holding down but it looks like it may have just flipped to support, If it holds then it is obviously a bullish sign and good news for moon hodlers. Let us see what happens.
The sideways breakout of the yellow triangle could prove to be a large feather in the bull cap, however the lack of volume on the bounce after the retest has me skeptical. The green lines represent key levels which, if broken and closed above would have me buying bitcoin 0.43% . Really any sustained move above 6500 is pretty bullish especially if it comes with...
Bitcoin has broken down from the mid-sized triangle we have all been watching and successfully retested the apex, which is a textbook play, and been rejected. The rejection at the apex is a textbook retest confirming former support as resistance. The target of this breakdown is in the low 4k's. The most significant implication of the breakdown is it should give...
Different year, same tricks! Bitcoin Bulls fall for the fake rally this time it game 2 weeks later....dem bitcoin bears be sly! :) Red Boar
I wanted to make a chart contrary to the previous one I did where we took a look at a possible bearish breakdown in price action. That chart is still 100 percent valid but as the price has continued to stagnate I wanted to take another look at our mid sized meme triangle with some alternative views and a look at interactions with the key fibonacci levels. Some...
Bitcoin STILL compressing in price and volume within a third triangle, as everyone Has said the breakout/breakdwon SHOULD come with a substantial increase in volume and volatility. No matter which way this thing goes I think we will look back on this trifecta for many years to come. Good luck and God bless Red Boar
Super short term Idea here, knowing my history we will probably bart back to 6500 within the next hour or so.... BUT hey, whatever ,this is practice. We have broken down from a trend line and confirmed it as resistance on the 15 minute chart, let's see what happens!
If/when the breakdown from this triangle occurs our first target is 4200 USD, after that I expect a bull trap/ded cat before more blood is spilled. Ultimate targets remain below3k. This is a short term analysis, bear in mind we are in a much larger triangle that has a price target taking us to zero usd. Red Boar p.s. I apologize that my posts have not been...
As said I am going to try and make a short term scalp today if we go above 6620, my guess is that by publishing this we will probably go to 6620, then immidietly go back to my SL...probably some algo searching TV charts looking for small little fishies to eat up...lol anyways just thought I would share my intra day trade. Red Boar
Do Bitcoin and HMNY share a similiar fate? Hmmmm, only time will tell *shrug*
Monthly MACD has crossed! Guys today I bring you great news! I have finally figured out why everyone is so bullish! Now I see what is going on and I have made the hard decision to jump on the band wagon! Ok so here it is, 1. Bitcoin is currently in a HUGE falling wedge that has spanned many years, this is super bullish as a breakout to the upside is...
I do not trade alt coins, this is for observational purposes, let's see how it plays out.
Ripple looking like a great short opp in my eyes. I do not trade alt coins on account 1. no market liquidity 2. the possibility of flash crash to 0 at any point in time. Despite this, I do like to look at charts and this one caught my eye. Enjoy
Start looking for good entries boys! :) Red Boar
We are currently stuck in a series of 3 triangles (red, white blue) The mid sized triangle is colored white and and is currently giving us resistance to the upside -a breakout up from the blue and white triangles should lead to a test of the R1 which coincides with the largest of the three triangles (red) - failure to break out of white...
The absolute most bullish Estimate I can give on bitcion is roughly 2k USD, this would roughly match the decline the US markets took in 1929. However, as we all know the stock market was/is made up of things with actual real tangible value...bitcoin is only supported by the hopes and dreams of a million lambo dreams. So, I want to know what trading view thinks,...
I think we should get a small relief rally soon, bulls are extremely weak but even perma bears talking about taking some profit from their 7k shorts in this area...I believe the path to 5200 is upon us but I do not think we will get there until we reset a few of the short term indicators. 4 hour RSI divergence is not a fail proof signal however it is just that, a...