reppac

reppac Updated 

I've been using the low point on the 6th Feb 2018 as a focus for nearly 2 years. An example is shown here, including the recent highs, various dips, and I expect this one also. Dropping below it would see BTC hit $50k

reppac

Note to self: 'BTC has been building for a a couple of days. A small pull back was required before the return to previous levels. Resistance has been provided by January's downward movements giving us a slow pull back instead of the common 'BTC fast dumps. Wouldn't be surprised of we get up to 3285 or even a spike past it, pulling back to the 3260 mark for some...

reppac Updated 

Been very busy and its been a while since I posted. Apologies for that and thanks to all of you who keep up the good work. In two minds here, which is a typical predicament with trading. The 15th October spike that popped through the top of the long term triangle has been seen by some as a bear flag, and I can see their point, but for me there is more...

reppac Updated 

ITs been a nice ride up, and sentiment looks very good. However for any kind of continuation we need some cooling off in the form of pull back. There a divergence on the 15min and 1 hr charts on the RSI, playing into the CCI pullback on the 1day chart. The 4 hr chart shows CCI divergence and is starting to show RSI too. A 50% retrace to ~7300 would be enough,...

reppac Updated 

focusing purely on RSI, BTC' has been working along some channels nicely. The latest bullish channel has been severely broken downward and somewhat expectantly. I thus expect a sudden, rapid and large leg up, although its so tenuous, I'll just be watching and learning. The green channel is for 15 minute interval, also broken. Expect the turn probably to occur on...

reppac Updated 

BTC' is trying real hard to drop below the channel and go swimming....

reppac Updated 

Well this Gann fan is proving pretty reliable so far. Currently we are looking at another couple of days of little movement followed by a dump. This means hovering above the 6000 mark and if things follow the recent pattern, there will be a move up followed by a hug drop down. Need to be careful here. There is day trading available on the move up, but if...

reppac Updated 

15 min RSI about to be oversold - currently a flag for the next bear move.

reppac Updated 

Need to look at more details and further TA, but there is an interesting comparison here. If we do get a sharp bounce, it will lead BTC closer to the 3/1 Gann line, ready for another reversal down.

reppac Updated 

The Gann Fan is not an exact science but gives some indications of movement. I set it up after the turning point on 29th May. BTCUSD price has followed the lines quite well when taken in conjunction with other indicators. Right now price looks to have closed in on the 2/1 line, but there is room for more movement, probably going past before swing...

reppac

BTC has consistently taken a downward trend this year, broken back up until CCI hits 100, then created a new downward trend. The most recent breakout has just occurred and the upward movement is current. For any mooning to occur we need to break the orange trend line and 0.382 fib (line near $8200) & 0.5 fib ($8500). I'll try to squeeze some profits at both...

reppac Updated 

Top rectangle has already been touched so may or may not be hit again. AB wobble on the way down near the log trend line Bottom rectangle is the main target for next entry (bottom of channel coinciding with Gann 2/1 fann line). Spread entry covering the top of the box and down to the 0.236 fib line at ~7409 Note These are notes to myself, open to anyone to...

reppac Updated 

Dotted orange: Standard scale May resistance line Resisted, then broke through on next attempt Blue solid line: Gann fan 2/1 (using May 20th peak and May 29th reversal point as 1/1 line) Resisted and according to Gann should cause a reversal - lets see. Dashed orange: Log scale May resistance line Not yet reached Triangle Actually a rising wedge, which...

reppac

Blue lines show how the bounce always gives a second opportunity to enter trade after a surge either up or down. The grey box shows the next opportunity. However, my last post showed a bounce off the Gann Fann 2/1 line which should instigate a reversal. We therefore have to be careful and keep an eye on more than just price. EG: watch the CCI for indications of...

reppac Updated 

one heck of a lot of resistance here RSI downward trend CCI downward trends The support was not fully tested Bearish divergence on the 1hr and 15 minute intervals I'd be surprised if this breaks through, but if it does, good momentum will be gained. Personally I've taken some profits with reentries set up should the resistance breakdown.

reppac Updated 

BTC has divergence on the 1D RSI. We are also looking for a decent pullback to help the general bull trend. The 50% line at 8358 is a good target, with some additional support from mid-April and mid-May.

reppac

My last post showed the current 1day RSI divergence. Thought I would take a look at historical data on similar situations, as divergence doesn't always lead to expected changes. However in doing so I was surprised to find only one. It occurred at the end of 2017 and we all know the outcome of that. The StochRSI also has similarities. I am thus in a mild panic that...

reppac Updated 

The trading strategy followed here is designed to keep things very simple and minimise the amount of time spent analysing and watching BTC charts. Its very safe, so often big jumps can be missed, but the even bigger falls are missed also. Rules: Rule 1: Only buy when 1day StochRSI is bullish and above 30% Rule 2: Look to enter trade when 4hr StochRSI is...