Tadej

Tadej

GNT may break up

Tadej Updated 

On higher timeframes (monthly) RSI and volume are still low, seems like FIB is giving us $30k as the next target

Tadej Updated 

If we break up we may hit 25k quickly (I expect euphoria )....there seems to be a larger wall there, so I'm sure that's where we reverse.

Tadej Updated 

If we break the channel we may go to restest ATH at 20k and possibly breaking it. The downside is the lower part of the descending channel, although I feel the demand is too high to reach that.

Tadej Updated 

Although I feel Bitcoin keeps rejecting reversal patterns I feel double top, bearish divergence, and rising wedge maybe end this rally in this 20kish range. It seems like there is a huge inflow of money, altcoins are also exploding so maybe that can keep this rally going?

Tadej Updated 

Alts over the border became very volatile on these Bitcoin moves because there is less liquidity on exchanges in those. Pictured above is an extreme example of coins that have low liquidity (XEM was listed on Binance less than 2 days ago and It looks like it hasn't gained popularity/liquidity yet). I've put a low buy order in for XEM at 0.11 and 0.05, wish me luck. :)

Tadej Updated 

Based on volume and RSI on monthly time frame bubble hasn't even started, although on lower time frames we may be due for a correction. Confronting ATH around 20k$ maybe be volatile.

Tadej Updated 

BTC Bullish above MA

Tadej Updated 

Ascending tirangle + potential head and shoulders pattern.

Tadej Updated 

I think we are at important price...with continuous drop in BTCUSD I'm noticing a lot of bulls are becoming bearish and predicting lower prices (I think I've heard 3k$ most often). Seems like as a contrarian it would be a good time to buy, although I'm staying careful and letting chart/market tell which way... UP SCENARIO Bounce up on these levels (specified...

Tadej Updated 

VIX staying above 20 could mean bad time for stocks and economy

Tadej Updated 

EUR looks bad as it's economy starts to slow down (Germany slowing down, Italy already in recession) + Brexit insecurity. We were rejected at the top of falling wedge, so I expect us to touch lower side next. Technical analysis is also showing a potential Head & Shoulders pattern although volume is not there to support it (downside target at 1.04). Support around...

Tadej

Price and RSI are forming a hidden divergence which could be bearish for stock market (SPY). There is still a chance we go higher (above resistance at 272) and invalidate this pattern. Am not trading this, just an idea.

Tadej Updated 

Beside that RSI is on historical lows and chart patterns drawn seem to support it. Not buying, just keeping an eye on it.

Tadej Updated 

After a large drop of BTC vs. USD ($6,5k to $5,5k-ish on Bitfinex) RSI is hitting historical lows (set on 17th of Aug. 2015 at price around 160$, which also started a new bull run to $20k). May this mean a reversal is near and this was just a fake move to liquidate long positions? Watching closely. :) Other chart patters on mid term idea also support reversal...

Tadej Updated 

Consolidation triangle (reflecting price peaks and valleys) is getting narrower and volume is getting lower, so we should expect a breakout soon. After long bear and bouncing from $6000ish a few times, I think BTC is getting ready to make it's move. The question is just, which way? I wouldn't be surprised if (before ending this bear trend) we re-test support or...

Tadej Updated 

If we get a proper bounce at these levels I'm confident that the target will be hit.

Tadej Updated 

Because of strong move without correction I'm expecting one at these levels, where we would at least retest 7kish levels...then I think we are ready to go higher. Of course any positive news would make it explode and we may have a correction later.