With treasuries below inflation for only the second time ever in history (btw first time happened at the end of 2016 before monetary tightening). Global CB's are co-ordinating easing this late in the cycle makes it a matter of 'when rather than 'if' BTC will explode. This is the perfect environment to be adding on the dip, and a must have for all portfolios! My...
On the Crypto side, the market couldn’t make up its mind whether to break $10,000 or take some profits. After a little bit of both types or price action so far this week. Cryptos were generally positive and the dollar offer seems to have returned. Mildly positive headlines on the nCoV front regarding antidotes, combined with reports of some returning to work is...
Being overly defensive is not an act of religious charity, rather a strategic advantage to flow from the demand zone that we established with the Bakkt Floor. There is only one exceptional case in which a weak swing has any justifiable claim to be over-protected, that is when it is being nursed through the function of a growing giant. For example: The base...
The healthy retrace in Crypto markets clearly over. Crypto buyers leaping forward, this time rather than with that distinctive youthful arrogance and energetic flow we have a far more gentle and modest approach. To avoid any room for misunderstanding, we absolutely must dig deeper into the importance of flanking . In this position, note how sellers would be...
S Curve is about to be born.
en.wikipedia.org The less you know about this, the better really. You'll have to come back to this idea in a decade to find out what really happened. I hope to be wrong so I can learn from the movements to improve this system. Each line, green, orange and blue, are fibonacci tools using the powers of 2, I've hidden where I've placed them and how I've used them....
The channel displayed above is one of the most pre-historic channels in Bitcoin's history. It's first intersection was back in Nov, of 2011 with a second touch in Aug, 2015 which conceived the channel. IF someone would have used this channel back in the 2017 rally, they would have been able to successfully call the top of 20k. For almost a decade now, this...
A quick update here to dissect the possible motives behind the exchange and cast some light over the possible technical targets in the sequence. In order to dig deeper into the pursuit of position exchange, we shall in what follows highlight the occupation of zones for strategical importance and the apparent desire to exchange sides will fall into our lap like a...
It is important now for us to take a retrospective view here on the lows that we have been discussing. After the early stages in the swing, as you shall soon see, my dear reader, it is frequently very difficult to chase breakouts as they force into action. In our sense, you can see our opponents (bears in this case) are fleeing, so we should inflict double the...
BTC volumes are impressive and longs starting to follow through notably more aggressive ahead of CME. Even if the Global reflation theme materialises next year, as many are outguessing, while this artificial USD devaluation would help support growth in the short-term, the erosion of confidence in the establishment and monetary system will have significant...
Eyes on BTC edging lower and being supported by renewed demand interest. Losses are marginal as we creep into the 6,000 handle with expiries later in the month. Expecting BTC and other major Cryptos to ebb gently higher as we await the macroeconomic backdrop to eventually feeding through into Cryptocurrency strength; given the punitive carry, the bar for...
Don't typically enjoy adding to the endless Bitcoin Chart posts, but this is really great chartology. Everything is clean: Trendlines, Fib Extensions, Patterns, Elliot Wave Counts, Divergences I don't trade Bitcoin, I never have. Just like looking and tracking how different parts of the market are moving. YITB, - RH
After nearly a 40% drop from the retest of the bearish pennant at 10k, Bitcoin is now setting on the trend line that supported the 6k level back in 2018. So far, BTC has actually broken below this level, and has since seen roughly a 10% bounce so far putting us back above. However if history repeats itself, which it often does, this historic trend line should...
We have a bullish pattern ( Head and Shoulders ) but don't hurry to buy Wait for the resistance to break (neck line) buy in the first correction as shown in the analysis
BTC - After a big wave of international BTC buying yesterday, the London open has been rather calm - foreign accounts continued their USD selling but in much smaller sizes. On the news front, in the evening there was a headline saying “Bakkt Bitcoin Futures reached a record high” - important for those positioning for Bakkt Bitcoin Options contracts on Dec 9th....
Mr. Pips says you can long BTCJPY with very little risk here. Mr. Pips' proprietary indicator shows you that the price was strongly rejected at My Indicators Main Trendline/Zone. This is a clear indication that the price is going to go up! There is no other indicator available that will show you these important price zones. This is NOT Murrey Math Lines. These...
Although timing has been difficult, I remain bullish and expect momentum to build on this move. Rallies back above $9,000 will no longer attract selling interest and there is little in the way of near-term resistance. Looking for more opportunities to buy into dips. BTC will be sticky ahead of the key Bakkt Floor and ahead of a breach there are better expressions...
2019-11-18 BTCUSDT Analysis BINANCE:BTCUSDT BITFINEX:BTCUSD BITMEX:XBTUSD