I expect Bitcoin to retest the .786 fib around 410 (even 390 is possible) creating a false breakdown from the wedge before fully breaking out. Of course the other scenario is that we break 430 within the next week with little resistance. I expect it to first test 630-670 once it breaks out.
We're nearing the end of the month long consolidation. 2 key trades: Entry here with stop loss at $400/$381, with take profit target at $467 and $666 (0.5 fib retracement from $1000 peak) $400 is a pretty important support here, if it does break we could expect as low as $315 re-test. However I do have a bullish bias here with blocks halving soon. You...
I thing the waiting time is almost gone. Time for LTC to push up!
Details at chart... If this pattern will repeat itself... ...this chart can be interesting one. Good luck!
BTC still in hangover mode since last weekend's breakout. Short term downward bias, we're still higher than we were last Friday. Hoping to pick up some coins in the lower 400's for a short term gain. For now, I'm just on the sidelines waiting for a big move in either direction.
Details at chart. Target is last high. Above 2884 cny we see pretty tight potential consolidation place. Staying above 2884 cny for longer than few days is very bullish for me (but potential sideway with chops). 2800cny should establish as a new floor if trend is really bullish.
Details at chart. Right shoulder and head are pretty similar. Important moment probably incoming - test of trendline.
All details at chart. Not shorting this but sold. BTW. Cannot publish 5m chart but 5m chart is better to see this obv HS pattern.
I think we could see price bouncing down from the 500 trendline which should form a nice cup and handle
The daily's looking nasty here. $390 has been rejected on U.S. exchanges which has negated the possibility that enough momentum exists to push to and beyond $400. Looking to add on a break of 2520 cny1.05% as well as support denoted by the thick orange line. Pseudo Analytical Indicators: New moon and Chinese New Years converge tomorrow, the 8th.
This is starting to look like one massive falling wedge, for which Bitcoin is famous for. Although it is a bullish pattern, the last one we found ourselves in during the summer of 2015, failed miserably (with a Bitfinex stop run below $200). This time around I tend to be an optimist, expecting a great buying opportunity between $300 - $320. Of course I assume...
Looks like we are in another infamous Bitcoin triangle. We had a nice short squeeze to $465, followed by a brutal long squeeze into the $350s. I suspect once this triangle resolves we should get a juicy move out of it. Personally I am leaning (and hoping) for a push to the downside. Simply looking at the Open Interest levels, I just don't see us having the buying...