Coinathlon

Coinathlon

Feel free to leave any remarks, comments or your idea on where we are heading. 8K will be a big level to break

Coinathlon

Historically, Bitcoin has had the tendency to rally quite nicely after showing five consecutive green candles on a weekly chart. In the past three years there were five occasions in which Bitcoin rallied between 35% and 212%. On two occasions it flipped and turned bearish for an extended period of time. It will be interesting to see what the weekly close will...

Coinathlon

Please feel free to comment your thoughts or remarks on my charting so we can learn form each other. - Bitcoin formed a double bottom - Followed by a symmetrical triangle pattern - Volume decreasing in the triangle As we know, symmetrical triangles can go both ways. We'll need to watch for a breakout or breakdown followed by a sharp increase in volume....

Coinathlon

Please feel free to comment on my charts with your thoughts or remarks! - Yellow line = long term resistance (since 26th of april 2018) - Yellow line is forming a long term descending triangle with the weekly support @ 3347 satoshi's - Broke out of a falling wedge and is now in an upward channel - If momentum lasts I'm expecting a test @ 4010 satoshi's before we...

Coinathlon

- Descending triangle pattern is generally bearish - Support and the base of the triangle both lie at 5844 satoshi's - Should we break the 5844 level the most likely support will be at the 5536 level. This has held since the 4th of december 2017 - Very low volume

Coinathlon

- Double bottom formation - Bullish divergence on RSI - RSI going up - Weekly resistance @ 2331 satoshi's broken Looking for support at the weekly level. Target: 2818 satoshi's

Coinathlon

Ethereum is has set a higher low and is waiting to follow-up with a higher high. This descending triangle however, is showing that a higher high is rather unlikely. On the bull side of the triangle: its base is resting just above that daily resistance of 22474 satoshi's. I'm expecting to see a breakdown and then a retest around the 20423 satoshi-level.

Coinathlon

- ETC creating a descending traingle, which usually have the tendency to break to the downside - Volume is nowhere to be seen, will need a spike upon breakout if we want to see a sharp move Breakdown target: daily resistance @640 satoshi's Breakout target: weekly resistance @946 satoshi's

Coinathlon

- Daily resistance @8054 satoshi was hit - Weekly resistance (since 04/2018) also hit @8054 - Possible Head and Shoulder pattern forming Targets: 1. 7179 (daily) 2. 6266 (weekly)

Coinathlon

$BTC closing a bearish pennant on the 4H chart Could go either way Waiting for breakout before I enter

Coinathlon

Market are down, but ETH is holding strong. Looking for a bounce of the .382 FIB. If it holds, I'll enter. TP: 28000 sats. If it breaks -> back to the drawing boards