Saturday 18th Jan Bitcoin Analysis
starting with the daily chart today this was where i left it in yesterdays video, bitcoin has now clearly broken the top of this bull flag, the MACD on the daily is high but not even close to previous highs so still plenty of space for growth, the RSI isnt yet oversold and im expecting to see it get very oversold
i think most...
With the 200 day moving average eight over our heads and a completed retracemnt from the previous high could we be about to see another sell off.
Please watch my latest video to find out more.
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This is the daily chart, it is clear to see we have now broken out of this huge bull flag, i expect a slow breakout momentum maybe even followed by a retest of the resistance turned support before a huge breakout, there are several things required for this to happen so i shall explain, i will also explain how this theory can be invalidated and in that case your...
Bitcoin seems to be really close to a major cycle completion. These are THE key dates I have in my calendar, as well as my personal levels of interest. All the measurements, dates and cycles, were calculated using a mathematical model developed by me called "Waves & Particles". If you want to know more about it, go to the official website at www.theikagisystem.com...
IF PRICE REACHES GREEN= BUY
IF PRICE REACHES RED= SELL
Triangle forming in the BTC/USD price, much like the other one the other day (which would've been a very successful trade as predicted)
However this one is spending alot of time in the lower half of the triangle, suggesting it should break out lower. However it could break out either way. I'm guessing it...
Following on from my previous idea. I do still believe that Bitcoin is on a parabolic trajectory however, on the hourly chart we are seeing a channel being formed which may present some excellent short-term trading moves. If this channel breaks, I will be looking to short till the resistance of the parabolic trend at which point a reversal upwards would be...
We are seeing some really good bullish action from Bitcoin and many are wondering what will happen next!
The altcoins have been growing in the tune of 100-200%, and many growing 300-500% and even more... As these many altcoins pairs and project correct/retrace, money flows out and moves to Bitcoin as Bitcoin grows.
The Bitcoin Halving event is expected to take...
as you can see on the daily chart we have hit the next level of resistance however, it is pretty weak so nothing to get worried about so in todays analysis i will focus on whether or not this line of resistance will cause us bother and bigger picture what does this mean followed by what i will be trading today
starting with the 30 min chart as it has been rather...
THE FOLLOWING IS LIVE MINUTES VERBATIM @ The Reptile House's department of Freelance Skyhighatry on New Years Day 2020
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"OK... Now playing Sharp Dressed Man by ZZ Top"
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The BTCUSD market is still bearish so any resistance at the 200SMA presents a nice shorting opportunity.
Short order placed below hanging man once it closes, we still may get a better price closer to the 200SMA tomorrow.
At this stage Bitcoin is in impulse movement, which we mentioned about in the last review. We reckon the growth will continue in the medium term.
The end of this impulse movement will be accompanied by reversal formations
that you can learn about from our reviews.
(Considered coins are LTC,ETH,EOS,XRP,ETC,NEO,XMR,OMG,DASH,SAN,IOT)
Are we going higher or lower?
Although I am a bull and expect Bitcoin to go to new all time highs this year, the short term may see some more downside to come.
Please watch my latest video for more detail.
The Cryptocurrency market closed on a high last week with all major cryptos finishing the week on a green candle. A reasonably strong close for the first week of November has many analysts once again facing the question if the bottom is in.
Here we take a look specifically at the market leader, Bitcoin (BTC) $6427.78 +0.14%, to see if an end is in sight for the...
Until there is a breakout with conviction through the channel starting June 26th, I believe that 8500 will represent another lower high.
There is a lot of convergence around the $5,200-$5800 area. This was the origin of the original run that never was re-tested and fits in line with the bear flag that led to the breakdown to $3.1k.
Timescale wise assuming it...