zippy1day

zippy1day

Everybody patiently waiting for bitcoin next move!

zippy1day

This would be a very strong buy signal according to the link below if this was this pattern? Anybody who had doubts about the Bitcoin Bella direction of travel now must know she will rocket!

zippy1day

I think the Ether Bullet train will take on more passengers including myself. I don't see this as a doomsday situation but a chance to consolidate whilst these two Cryptocurriencies, BTC & Ether, come to terms with each other..... so I am prepared to be long of both!

zippy1day

Can we call the Adam & Eve bottom in? I would say yes right now as the candle has closed above the 29/05/16 high. I expect it to push on now up to the $472 recent high where the Stair and Elevator came into play. Still watch for a retest of $445 which intersects my bull line and on upwards to break $475. Of course this could happen without the retest but time will tell!

zippy1day

Sorry for the "Goblintown".... just made me laugh from the chat room! Still bullish although possibly going to pullback to A,B,C,D,or E to satisfy bears. Seen lower targets but this would probably mean Ether has had a relapse....doubtful?

zippy1day

As on the weekly chart posted earlier I expect the same conditions to apply!

zippy1day

This formation stills carries weight imho! If the ascending triangle is confirmed by breaking through $475 eventually? I am long now at a strong support level $445 which maybe again tested in the coming weeks before this prediction is confirmed but as always Bitcoin can be an unpredictable beast and so be prepared for the unexpected. In the event this does play...

zippy1day

I now think this has to happen to confirm the short term Adam & Eve Bottom, with the possibility of it hitting the top end of a possible Ascending Triangle which is being formed? Whether it breaches this is debatable at the moment so could still fall back to test the Bull Line again. All this is supposition as always with Bitcoin but a fellow charter is thinking...

zippy1day

I was looking for a lower bottom for the Stair & Elevator pattern so to put in a suggested Adam & Eve Pattern as suggested by a fellow charter I would need to see resistance A busted in a convincing way?

zippy1day

With a small long now and waiting to reenter along the blue buy line if we retrace that far? I would say good time to short especially if it reaches my upper target 0.0258?

zippy1day

If having done a little research I have found that if this is to be a Stair & Elevator Pattern which in turn would be bullish? The bottom would have to come in around $428 ~ $418. Now to be perfect it has been said the retrace from X to Z would have to be 90% from the 09/04/2016 low which would be Y and a price around $418. If anybody would like to shed any...

zippy1day

Watch out the Ether train may be slowing! Hidden Bear Divergence

zippy1day

After today's strong rise I would be surprised not to see my target in the coming weeks. I would suggest my Falling Wedge (Reversal) Pattern has now been confirmed?

zippy1day Updated 

Maybe this is the way it will play out with this ABCD pattern with A~C being as near to 0.618 as you can get? It would tie in with kissing the recent Bull Line and continue on upwards! Also bringing us down to the recent bottom of the stairs and so ground floor for an analogy LOL,

zippy1day

Now we seemed to have bottomed out with a solid rise today....lets take a peak at the possible future? Obviously Bitcoin seems to having quite a big say in events so this may still have some ups and downs before rising to target 0.05.

zippy1day

This weekend may well decide the next few weeks future with Bitcoin looking weak and in what I believe to be a "Stair & Elevator" pattern ~ new to me so not sure how far to fall? At the moment it looks like it could test the $420 ~ $425 levels or slightly lower. Next support around the $412 but not strong as is $400 due to a thin Ichimoku cloud, so in any case...

zippy1day

stockcharts.com If you look at the example in the link provided it has all the makings of such a pattern? In conjunction with other bullish signal like a Bull Divergence at the probable bottom!

zippy1day

I have put some detail on how I think this may play out, so earlier $350 target looks unlikely but as I have said before Bitcoin can surprise with flash crash. I n recent month's the likely even such as this is unlikely as Bitcoin has been very stable if not boring! Whether this happens over the weekend or not I am not sure but history tells you it is odds on. I...