Here is a monthly chart of the Dow when Obama and Trump took office. Use this chart as a reference in your political arguments when defending Trump or Obama.
Bitcoin has broken through and closed the day above the 20k trendline (Yellow dotted line). This is a major milestone. Wait for a daily close above the 50 day EMA (Solid green line) before going long.
Bear: If Bitcoin closes the day below the bottom line, then it's main support trendline from July 2017 is gone and becomes resistance. If this happens, we will likely retest 6k, if that fails then 5.6k, and if that fails 5k. If that fails, then it's a free fall back to 3. Bull: If this trendline from July holds, then this will become the floor and we should see a...
Here we are again at a major deciding point for Bitcoin. While Bitcoin hasn't been performing well, it certainly has been following the textbook patterns perfectly. The most recent pattern that is about to confirm is a major one, and that is a double top. We have tested 11.7 twice and failed. If we close the day below the neckline of those two attempts, the...
The Dow is currently moving dangerously close to the 30 week moving average. If we close the week below the moving average, we can expect a large correction to follow. Check the history in the chart, every time we have dropped below the 30 week moving average, it was followed by a larger correction.
As you can see in this chart, ETH is getting ready to make a huge move. We have an inverse H&S and it's at the end of it's 2+ month long channel. If it goes up from here, you can expect it to fly, if it goes down, I think it's safe to assume it will crash.
We are now at the cross roads in Bitcoin, we are either going to substantially higher, or substantially lower. Two major daily trend lines are intersecting and we are approaching the tip of the intersection. Each day that goes by, the space gets smaller and smaller, Bitcoin is getting backed into a corner and HAS to make up it's mind. In these situations, you...
We have confirmed two inverse head and shoulders patterns at the exact same time, hence the price jump that followed afterwards. I am hoping this will be enough to push us past major resistance in the 10.7 area.
Upswing from 8800 to 11700 created a massive rally which eventually consolidated near 9200 levels during a few days which constituted a bullish flag. The breakout volume is more than twice the average BTC volumes for the past few sessions which is makes this long a safe bet. To add to it, it just crossed both EMA20 and EMA40 during the breakout, making this a...
As you can see, within the 11,600 - 13,000 zone there are multiple layers of resistance. The more times it has bounced off the resistance in the past, the stronger that resistance is. Here is my analysis of the strength of each resistance level. $11,600 = 4 Occurrences (Yellow) $11,900 = 4 Occurrences (Blue) $12,000 = 1 Occurrence (Green) $12,200 = 2...
Bitcoin has yes, once again broken out of an Ascending triangle on the hourly chart. Target is $13,000.
Bitcoin is ready to break above the the hourly trendline from an ascending triangle pattern. If we can close above this trendline, we will be testing 11,300. If we pass 11,300 on Bitfinex (don't use charts from other low volume exchanges) we should see another bull run.
Bitcoin (BTC) has been fairly predictable within it's channels recently, and this is no exception. The bad news is that we're currently at the top of this channel on a downtrend WITHIN the channel (although the overall channel is in an uptrend). The good news is that we entered this channel from the bottom on a trend upwards, which means we are likely to...
This may be a bumpy ride to 10k. Although I am long on BTC and we are now on a daily UPTREND since Feb 12, I expect a return to the 9k breakout before going higher. For those who bought at 9,500 a couple of weeks ago, they remember the pain they went through when they experienced a drop to 6,000. At this point, they just want to get out, perhaps break even, to...
Bitcoin is on it's way up, and I've seen a lot of speculation as to why. The answer is extremely simple, look at the daily chart. You will see the downward trend line that started on January 7th is on the verge of being broken and most likely will be broken. Smart money will sit on the sides until the daily candle closes above 8,600, but there are a lot of...
We've heard the arguments from both sides of whether volume plays a role in price time-and-time again. It's time to put this to rest. If you traded Bitcoin on Volume alone, and only bought when the volume levels reached ABOVE the purple line on a GREEN daily candle (see stars), and then waited until the price was at least 15% above your entry to sell, you would...
Look at this chart from Feb 12, and notice how the long Green candle is now perfectly forming the base of my arrow. Original analysis below: www.tradingview.com Please follow/like and I'll do some more TA in the future. Thanks everyone!
As you can see in the 4 hour chart, Bitcoin is currently violating a 4 day trend on the 4 hour chart. This doesn't mean Bitcoin is going lower, but the chance of it going lower has certainly increased. If we can close above this trend line, we should be okay, if we close again below it, it doesn't look good.