Using old faithful Andrews Pitchfork looks as if we are hunting out the top by kissing the upper quadral or breaking it? Targets between $1770 and $1822 depending on time for touch?
Bitcoin has hit the upper quadral line of the long term Andrews Pitchfork so have gone short with a mindful eye on recent "All Time High" as topping formation inconclusive as yet. Short Targets : $1103, $961 & $514
After another interesting few hours on some exchanges with Stamp maintaining its "steady as she goes" status. Target : $1670 +
At first it look like a normal symmetrical triangle but now clear it was part of the Elliott Wave from Wave 5 continuation. Target : £1298 or $1684
Gone from small long to short off the back of possible Diamond Top? Target : $1422
This has to be the most scary and amazing chart I have drawn but it all lines...... woah! Warning don't trade on it!!!
Bearish Divergence is this what this usually suggests and this chart is an example of an overbought situation ~ also shown on the indicator for Relative Strength Index(RSI).
Bitcoin has now been overbought as shown in the RSI and formed large bear divergence(Blue thick lines). I have a small short position which will be increased as time goes by until targets met : $1261, $1174 & $1052.
Small long now ~ following 1.618 fib levels being hit and so expect a pullback to C following three crow candles?
Nice little tracking of Andrews Pitchfork median line so will stay long until this tool becomes invalid!
As seen from the chart the Daily Doji can signify an upcoming move one way or the other, so the daily Doji forming today or tomorrow may have significance?
From a dollar perspective with Stamp which seems to be the only sane Exchange. Target : $1600