Tom Demark count gave a red 2 on the 4H chart which is a clear sell signal. I expect the price to fall down till 12667 support zone. I think 12667 will hold. If 12667 breaks next support is at: 11842. I never short BTC, I look good positions for long re-entry. Here is my idea for shorters: Short at: 14500 Take profit at: 13000 Stop loss: 15900
The title says it all, but for the sake of our fans, followers, and critics what we have here is the road map to the most epic bull run in history. Bitcoin, the story of the underdog of global currency. Bitcoin went up against every major financial institution on earth. While many from the start looked and said it was nothing, and as time progressed said it...
Trying some new things. Looking for a correlation between the channel movement percentage and the predictability of a high increase breakout. None of this has been tested, but, when we hit the breakout for the next level at the + integer. We may see a bigger marginal increase until the next level of resistance. Lets see how it goes.
To those that asked me yesterday, I indicated that if we cross $11,900 (GDAX prices), that would trigger a short-term buy signal from which we could get a range projection target of at least 800 points. As I write this, we are seeing a gain of 1000 points, give or take, and now the question turns to: "how much higher can we go?". BTC' has ignored the overbought...
Tom Demark count gave a green 9 on both daily and weekly charts. This is a clear trend reversal signal. I expect 2-3 days sideways then the bear trend will start. There is a huge support at 9997 (Fibonacci 0.5). I expect that area will hold. If it does not hold, next major support is at: 8000. I do not think we will touch below 9997 because of the mass media...
As we can see a neutral trend for a while, attention to support lines and moments to re-enter the market. Prices and signals to be careful are in the chart. Hope to see mooning as correction could already happened. Market sentiment is bullish in my point of view with lots of news about adoption. Cheerz
XBT on bitmex failed to break the ATH this morning and due to lower volumes on the weekend we are expecting to go sideways till Ichimoku cloud tomorrow at 5pm. After the beautiful aligator and elliot wave confirmed via MACD indicator, we expect low fluctuation today and tomorrow. Make quick trades and sell approaching ATH as we expect will not be enough to...
Finally some n00m on bullmex. Some quick positions, trend lines and trades I made today. I've been using Ichimoku these past months and in November it worked really well for me. XBTUSD on traditionally ultra bull @bitmex broke Ichimoku support on 1h after a 17 day bullrun and there are always good trend lines to follow for a quick buck on these occasions.
There is a trade opportunity for this Bear Market. Able to short until first and second level of support. Reversal probability is coming and crypto investors will be able to win a 37% after Down Trend is over. As we can see a rupture of the ichimoku cloud and forming Elliot Waves in this down trend. We also see a non recovered market that can possibily if it...
Bitcoin Cash has exceeded expectations. Reaching a stunning 2800 USD high! But beware, there is a ticking supply bomb on the horizon, and it's a very dangerous one. Fundamental Bitcoin Cash will not be the new Bitcoin. Their solution is short minded and BTC will keep the throne. Not going into detail about that subject now though, I expect most have their...
Tom Demark count gave a green 2 on the daily chart. This is a clear buy signal. On weekly chart we are at green 9. Which means this is the last week of uptrend. I expect the bull trend will continue for up to 7 more days till we reach 10K. At 10K we will have a mediocre correction. 10K is the psychological level and many people will take profit at that...
Currently we have a red 8 on Tom Demark count on 4H chart. This means that down trend will be over in 4 hours. On weekly chart we are at green 8, which means there will be 1 more week of uptrend before possible bear trend starts. On 4H Chart, Stoch RSI is oversold which is a clear buy signal. Also we have hit the lower Bollinger Band area, which is a clear buy...
BTC could not break out in the bull trend and bearish trend has started. Tom Demark count is currently red 5 on the hourly chart. Which means we will have up to 4 more hours of bearish trend. Scenario 1: Price will drop till 7475 support level and bounce from there. Scenario 2: 7475 will not hold and price will drop till Fibonacci 0.5 6945 Here are two trading...
Tom Demark count gave a clear green 2 on a daily chart. This means bear trend is over and bull run has started. According to Tom Demark count we will have 7 more days of uptrend. Oversold Stoch RSI and Fibonacci confirms this. I expect 2 scenarios in coming 7 days: Scenario:1 Price will go up till 7500 resistance level. Scenario: 2 7500 resistance level...
Bitcoin is in the territory of burning out the last of its fuel on this bull run. With the recent bearish Tenkan/Kijoun cross on the 4H, the slowing momentum on this recent bounce off the upper 0.5 (green) pitchfork line and the lack of strong overall bullish sentiment, price looks like it will return to the lower 0.5 (green) pitchfork line at the 0.618 fib/200...
As you know, I do not short Bitcoin often. I wait for an opportunity for a re-entry and always make long positions. According to my analysis, bull trend is over and price will drop. You can either short BTC, or wait for a re-entry position for long. Tom Demark count gave a green 9 on the daily chart. This means bull trend is over. I expect up to 9 days of down...
Tom Demark count gave a green 2 on the daily chart. This means we can have up to 7 more days of bullish trend. Stoch RSI is oversold, this also confirms the upcoming bull trend. Wall Street's interest over Bitcoin is rising. There are now more than 120 hedge funds focused solely on bitcoin. I expect a new ATH within 7 days.