When Mike Hearn pushed the BTC market to a downtrend, we all got scared thinking bitcoin was going to crash and die. Listen an experiment with 8 years of choppy terrain and still moves forward and gets adjusted, is not considered an experiment anymore. It is a system that works and has been working for 8 years. Furthermore, developers do not control bitcoin or...
I expect to see a bit more of a selloff in BTCCNY. The options expirations we had on Friday/Saturday implies no downside protection, and clearly the market already started to react to the record amount of puts that expire in the 1800-1900 region for the S&P500. BTCCNY has been following the stocks' direction since July 2015, which is interesting, and comes right...
Entry: 452 Target: 469 Stop: 449 Risk/Reward: 4.12 %move: 3.7%
In this monthly chart I have outlined the different support and resistance levels on the monthly chart for Kraken. I'm using this pair, since it appears to have real volume data and a more legit price action so to speak, unlike that of other exchanges with wash volume , rogue market maker activity and whatnot. The target for the first monthly signal has been...
I suspect we are witnessing a massive inflow of South African Rand into Bitcoin, which becomes quite evident in the above chart. The Rand has already reached record lows against the US dollar, and could show further weakness. Although I am expecting a pullback in BTC eventually, this bullish trend could continue for some time. For further info watch the...
This chart presents trend signals for 8 Bitcoin exchanges, using the daily chart. If price were to move to the entries on chart before the daily close, it'll be a very high probability trade, considering the recent failure to move up, more than once, and the increased volume present on the profile distribution. Good luck if taking any of these trades, and remember...
All details at chart. My sentiment is still bearish/sideways. Apex of new triangle is about to end soon. Expecting bigger move soon... ...or boring sideways.
Details at chart. Looks like we're going down from triangle with nice fakeout 18th. If price won't come back above triangle upper trendline soon, targets would be at .618-1 fibo retrace. If breakdown is not fake, upper triangle trendline should act now like a resistance. Chart suggesting SHORT sentiment but it can go back up soon or go sideways without any clear...
Bitcoin has long been a favorite for those looking for an alternative to centralized fiat money. Although I always thought bitcoin was promising, the technological aspect always held safety and liquidity concerns. Due to the fact that it is hard to prove peer-to-peer transactions, financial institutions - especially in the U.S. - have strict policies and layers of...
Bitcoin made a nice move down and although the price action did not perfectly match my expectations, the second bearish target at 257 - 260 was reached on 16 August (see my previous idea linked below). If you are still short, now might be a good time to take (some) profit or at least tighten the stop loss on your positions for the following reasons: The last...
I'm not buying more, but I'm not selling either. It seems that btcusd is bottoming around here, as shown by the price chart. We can observe falling volume in the selloff, and more than 5 days without new lows. It's a complex chart, and conventional analysis methods won't work well with it. The trend is mostly formed by the current mining production, the markets...
We're now in smth like rising wedge pattern and (much psychological) resistance is 300$. If we won't break 300$ soon, I see posibility of LH triangle with 275-280$ revisit. Market should adjust itself with bearish div 1 to 6h. Good short idea might be SL 299.9$ and TP low risk 290, 285 or maybe even 275-280$. Good luck with trading. note: 300$ fail attack is...
Bitcoin is pulling back from the impulsive move up to 316. While I am bullish on Bitcoin in the long run, the pull back is not yet complete and the price is currently in a counter-trend correction (i.e. counter to the current down-trend, in the direction of the larger bullish trend). Two possible approaches to trade the pull back: Consider selling the Coin...
Please for details, my last published chart 4 (Hr) 2 months ago following the spike low around 151 originally outlining possible 380- 400 upside target which then looked not likely is potential back. We have been following our daily time frame chart which I have been using as our Road Map and have served us well. The larger falling wedge we have been tracking...
From my last publishing, we broke the wedge, and thus are playing out Scenario 2. This is an update of the possibilities that we face. Scenario 2a: This is a tweak from my previous scenario 1. If bulls fail to break the purple triangle in the upcoming 36 hrs, then we will see a re-test of the 210 support -- which wasn't exactly tested last time. But, if we...
I am looking forward to seeing these next targets: 1TG - $275 2TG - $305-$330 3TG - $250 4TG - $280 5TG - $240 6TG - $210 time will tell :) ...