Simple time at mode analysis suggests BTCCNY has increasing odds of retesting the 3510 level from where the 9 month downtrend that sent it down after the all time high expired. It's possible to get back up to the mode by early as December, 2015, and we also have a monthly uptrend signal which points to a rally that should reach 3054.91 by June, 2016. Price action...
Few clues: -look at first support line (start ~223$); each time we touched line price went up hard with rsi>70 -this strong bullish trend doesn't care about RSI, so we see bearish divergence -we jumped into 2nd support line and made 2 HH -now we're touching line 3rd time, so we "should" make solid bounce and form right shoulder of HS (left shoulder started with...
A clean setup is the best to see where we stand. As you can see, a dotted trenline (blue) + a cup and handle pattern (purple) drive us to a ceiling around 1900CNY. A breakout at that level could be a confirmation of a new bullish trend.
Don´t be fooled by randomly drawn trendlines...
As of today, we can clearly see a bear flag forming on the daily. This is bearish and a continuation pattern. Take a look at the bear flag pattern, also check out the bull flag trading pattern which is better explained. As a trend following trader, I am short and I will continue to follow the trend religiously. I do not know if bears have enough selling pressure...
Friends, Price is likely to encounter a significant support at 1445.00. Breaking of that floor opens price to the following Predictive/Forecasting Model's target: - TG-Lo = 1089.93 - 10 APR 2015 This would only represent a smaller aperture to the prior analysis done over this following chart: Source of predictive analysis and forecasting: This chart...
Shopping for Bitcoins in the wall street? That's your one and only choice for now, and if you're bullish on Bitcoin this is it. This stock have been hammered from $10 to less than $0.1 last year, and it looks to be finally bottoming here with a break to the upside. Bitcoin ETF launch could blow this straight to the moon with all the hype, yet only retracing less...
Greetings to the TV community. Here's a good opportunity for the bulls to prove they are still alive. As of late, selling has been showing some signs of exhaustion and important support levels have held in a long consolidation while the big bears don't bite, creeping up making -borderline- higher lows since the January 15th bottom. The red trendline that dates...
BTC could dip once more to test demand levels @ 1.44 ext. A sustained, summer-long bull-run (C) would be healthy.
BTCCNY has completed most of a flat correction after a violent dip to the 1400 area. The flat, a 3-3-5 has begun with a simple 3, a characteristically deep retrace 3, an now it is evident that the wave C, necessarily a 5 wave impulse is an expanding diagonal. Expanding diagonals are built of 5 waves of three abc's, which must overlap in an expanding wedge, and...
Incoming :) We're reaching the end of the consolidation triangle. Volume profile currently shows bearish bias as we're trading below the demand zone, the bottom support is being tested much more than the resistance too.
So i'm expecting minor wave C down from here. I think we've been building a minor wave B flag to the downside here and expect a break lower soon, maybe to retest 210-200 at a push. Lets see, this pump looks weak imo
Its obvious how this have all been planned all along, together with possible insider trading. (coinbase) Having the first US 'regulated' exchange will not instantly bring us to the moon. Its all hype and speculation to lead people into believing that fresh money will pump it. So much for Coinbase having a teaser site ( coinbase.com ) Learn from the lesson and...
After the near term bull trap finishes, price should continue down to bottom to complete Wave C and start new cycle to ATH, with bottom target of 1390. Target of 1390 calculated by determining estimated end points of Waves C, V, 5 and v (and later little 5), by looking for fibonacci clusters that coincide with all waves (and little wave 5 once little waves 3 and...
Price broke out of the Wave 4 triangle (black triangle) to start wave 5 and finish the short move up of Wave ii (of Wave 5 of Wave C) with a target of 1756 before starting descent down for Wave iii of Wave 5 (to complete Wave C and start new cycle to ATH). Target of 1756 calculated by determining estimated end points of Waves C, 5 and v, by looking for fibonacci...
With baited breath the BTC trading community has been waiting for a big breakout for the last two weeks. Short term position holders were split on which direction the price would go, but the sentiment was universal that something was going to give. Finally 2 days ago we received the break we had been waiting for, down. Bullish margin holders were crushed, and I'm...
Auspicious convergence. Never mind the comment about the reward halving, was using wrong info, that is not scheduled till 2016. Probably a good buy signal for even the most bearish of trader.