We can see that the upmoves on 4H chart are getting pushed down and the volume is low. This most likely means that the institutions/professional traders are setting up short positions from the bounces, using the liquidity from the retail traders who lose money with FOMO longs and triggered stop-losses. So from this short-term prediction, ETH will retest $112-$114 area.
Classic crypto Bart's Head pattern "The reason for these sudden pumps and dumps is likely to burn margin traders, whether short or long, by manipulating the market. While some believe that this is done by the exchanges themselves — which is entirely possible due to the lack of regulations — this might be related to large crypto traders" Where from here? we will...
Hi guys, I am back after a short winter holiday break with new ideas for your. What's going on with BITSTAMP:BTCEUR at the moment? Up, down, up, down, down... and so on. Come on guys, let's push this chart a little bit. What I can see now is a falling wedge in this downtrend. And perhaps we will see a nice breakout on Sunday or Monday morning. Another idea is...
Looks like the Bart dump out stopped out a lot of bulls which means it will probably be harder for price to get up as far as I was thinking. I'm moving my region of interest to start shorting back to where I first projected it previously. The lower region is mainly a fib projection of the current bart. This bart hasn't finished so it may expand lower which would...
BTC served up a Bart pattern. We're in a range and there really isn't anything to do until it pokes its way out of the value area.
Good day Traders, As expected, Bitcoin's short-lived rally had short-lived volume to follow through after its big jump on 6 Jan. The bullish inverted head and shoulders has been invalidated, and the bear flag has ultimately failed. It looks like we have a head and shoulders pattern playing out with the right shoulder currently printing as we speak. If we break...
That's something we haven't seen in a few eons huh? On the lookout for more to form...
Following the last tendency and taking into account the fact that we have touched the trendline for the third time I will place couple LONG orders with TP around $3950. There is also a possibility of FLAG formation, so make sure that one of the patterns is confirmed. WARNING: Ensure that you follow your risk and money management rules!
I know this is very unlikely, we have ema 200 as support at 4.2k, ema 50 on monthly at 3.9k and rsi lower 10 on daily. But, because there is akways a BUT, this year we have experienced Bart patterns, and I feel like this could be a Weekly Bart (could get us around $1.5k and $1k).. Don't mind, i know we are already down a lot, but this is a possibility, and...
BTC did this before, can you do it again puddin?
Bitcoin and most of the crypto market has had a pretty decent run over the last couple of weeks, but we've reached a fork in the road: Are we finally exiting the downtrend or are bear'bears taking the 'wheel' once again? Looking at Bitcoin from a Daily perspective there's a pretty clear triangle pattern that's formed and we're butting up right against the...
I’ve noticed a lot of BART moves in the charts lately. These are moves where whales pump the price, then consolidate/distribute, and after a short time dump. The result is a price chart that looks a little like the head silouhette of Bart Simpson, thus the name. If we are due for such a dump, it should still follow the general rules of EW theory and correct to...
Title says it all... watch out for skatin Barts.