BTC retraced as expected. Doesn't look super convincing on the bounce so I'd wait for it to post some actual volume or a good period of consolidation before putting out longs. If we move up watch how we act around the previous support level. If this turns heavy resistance expect more downside. Interestingly, looks like the whole pump up close to the ATH was a...
Things aren't looking good on the BTCUSDT 4H 1D and 1H charts. Below major EMA's currently on 1H and 4H charts. Still room to fall on 1D. We saw a bounce get rejected out of oversold on 4h Stoch and back to a bear cross. 1h stoch in freefall and not oversold. 1D just turned into what looks like an incoming free-fall in the middle of the channel. MACD bearish...
Looking at the BTC 4H chart. Just some quick thoughts. First off, if we did have a down channel it looks like we're holding steady through it, or I just drew it wrong. That does happen. Unfortunately. For example, thought I saw a head and shoulders yesterday on the hourly, turned out to be the left shoulder if it is a head and shoulder at all. We can't get...
As stated in my last publication for COMPBTC -- not much to reiterate here so I'll regurgitate that publication with some modifications: DISCLAIMER(1): AS OF 08/02/2020 ALL PUBLICATIONS & SPECULATION ON MARKET CONDITIONS IS STRICTLY FORWARD-THINKING CONJECTURE & OPINION BASED ON MY OWN RESEARCH & EXPERIENCE FOREX TRADING CRYPTO; LET ME BE PERFECTLY CLEAR ABOUT...
I've spotted what is called a Bart Simpson pattern which is usually a pretty good sign for gradual increase. Other currencies have had this same pattern and led to gradual increase. hopefully bitcoin will get its bullish attributes back soon
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Hopium we see a BART/SFP with ascending triangle breaking down down to 78xx on wick or 82xx-84xx for line chart & then boom to 10k
Short intraday bias, still don't have an actual position on this yet, will mainly be looking for a support/resistance style of trade where it dumps below and tags prior support, probably the bottom of the bart itself. Once it gets to 5800 or so I will be looking to add on to my long term long account and buy crypto on a dollar cost average basis. I will not be...
When it heads up to the top of a channel like that in a big swoop then stalls out the most logical thing in a bear market is to expect a bart. People are getting all frothy about it shooting to the moon from here but I am not buying it. I am not actively shorting it yet but I am lightening up a little on the long term long positions I accumulated at lower prices...
This pattern on OBV has happened many times before during bart BTC patterns. It's consistent with the other analysis mentioned in the attached chart. I expect the X point to be the high and the next target is the bottom of the channel below Y.
The recent distribution bart/bull trap showed up on the 15 minute OBV as divergence similar to this previous chart on that idea: It seems like it's not so easy to actually use OBV to identify it as a bart while it's taking place since it's very dependent on finding the right bar length (that is, 15 minutes works better here than 4 hours). However once it is...
Are you ready? There is literally no reason or usage for Bitcoin to be over valued. Currently 30-40% miners already unplugged and today there is a 14-15% drop in difficulty in Bitcoin network. insights.glassnode.com Transactions dropped under 300k per day and continues to drop. Activity is only between exchanges and very few whales. Otherwise BTC is a No Mans Town.
Not counting on it, but seen barts play out like this before
That was quick. :D Now I will wait and stay short until the market will provide some more indications. Mike
Hi people. Few hours back I was still LONG and waiting for what BTC will tell. Now I cancelled my longs and we are going short for short-term correction. Too many wicks on top.. price is continuously rejected from higher prices. Too many chances to break out. But at the same time everything looks kind off nice and safe.. It seems too obvious that BTC is forming...
Is Bart going to upset once again or will he be merciful this time?