While I don't know a lot about the Wolfe Waves pattern, I am wondering if it could be possible that we have one developing on the daily time frame. It may be too early to tell and I'm just jumping the gun a little. I don't think it will become apparent unless we get a point 4 to print on the chart. This will then let us determine the 2-4 line and therefore the...
It appears as if we are in the b wave of the elliot wave correction sequence. Possible (short term) short opportunity if we break below 373; however, keeping a close eye on the 373-385 channel. Thoughts? Ideas?
There is a descending triangle forming that could result in a nice short setup indicating a negative move of 20+ points.
Friends, As indicated yesterday (see here: ), I added a new feature in the predictive analysis and forecasting, which provides a "line in the sand" where bulls and bears are likely to take over, if and once price surpasses it. The condition here is one that I would define as a "BACA" (A term soe other trader came up with in a Facebook Forex discussion group,...
Friends, Predictive/Forecasting model remains bearish. Market for Bitcoin/Bitfinex has been weighed down, although some might perceive this as being a mere correction, bound into a sideways pattern - While this remains true as a matter of observation, intrinsic directional biases have favored bears for the time being - In fact, it has pushed price towards a...
Simple analysis of what could happen if November 2013 trend follows the current pennant pattern
I hope the chart speak by himself with these double bottoms, divergences and MA. OTE at 492.2 conclusion 17hours later: NICE
Well, as I thought, there is no bubble this summer. No reason to be mad about it, cause good God gave to us the blessing of short positions. It is wise here to observe that point - China trying to wall hard 3200 levels to hold us from falling more down. IF they succeed, we would see nice DB in 15 min chart with btttom on 3205 and 3206 (Huobi), and nice hiodden...
After 440$ launch, many people were expecting new bubble, we saw breaking downtrend etc. But 660$ level appeared to be extremely strong resistance and it stopped us successful. What we see after that is full bubble denial. For now, we leaved channel started on 360$ and are heading towards 525-540$ level. It could be a potential bounce, if not, we brake uptrend...
We saw several attempts tu push us below 607 level, what would end with testing 603 or even 593 support. Yesterday we bounced - I'am not sure if Dell news are important, but we started after them - and leaved downtrend started 1.07. Now we are struggling upward, 625 resistance becomes an support, we will see if it is a weak one or good enough to help us climb...
Bitcoin to a long. if we break the ichimoku cloud resistance we can see a bullish movement. I am seeing a ascending triangle. MACD is on it way to become bullish in the 3H interval. we might see prices above $700. Feel free to don't agree with my chart. I could also be terrible wrong.
Previously proposed rising wedge appear to be failing judging from the price action. Hence the expected move above 680 to 700 -720 zone is now looking very unlikely. Having struggled to make any successful bounce of 620 zone. Both the MACD and Stochastic are suggesting bearish move. If this is the case then we could have several weeks of down trend towards...
This is possibly the 5th wave taking formation, if it is, expect a strong movement up over the coming week or so.
Hey guys, it's actually the first time I'm doing this since I've only been trading for like a month now. Was learning a bit about the gartley, first time getting into recognizing patterns, and this particular pattern just got my attention, and noticed how btc's behaviour tends to fit well with it. Drew this out of curiousity, I don't mind getting some feed...
Sell your house, sell your car, max out your credit cards ;)
Bitfinex order book shows some pretty strong support with relatively heavy bidding at 601.2 - 600 USD range and this level looks technical prime for buying. However there is significant sell orders at 603.9 and 604.3 so this would likely be a good take profit point.