Re posting my original chart from last week to educate folks. Be aware of the risks in this market and understand where key levels are that show a reversal.
As I had stated before a short term ascending triangle has formed and looks dominate. It could be a strong bottom argument. Only time will tell. The ascending triangle as in all triangle patterns can be used as trend reversals. It must be noted that the ascending triangle must form at a key level of support or resistance, I like to use double tops or bottoms....
The formation of the graphic model "wedge" ends. We expect to touch the lower border of the model and recover the bitcoin price beyond the beginning of the model.
Well well well our last trade was a huge success, now I am looking at the big picture and trying to figure out what could happen next. Now btc is trying to hold a bullish line back from years ago (See green line on chart) if this line breaks down I have little hope for a bullish move until 3-4k. Fractals and ALOT of TA is saying 3k SHOULD be huge support zone, so...
2014 Correction : 2018 Correction :
random thoughts that have nothing to do with bitcoin Happiness Is A Function Of Looking At The World Rationally Trust Is Probably More Important Than Anything Your Values Aren’t Wrong, But They Might Not Always Apply Doors Open When You Politely Knock When Everyone’s On Board, It’s Very Fun To Be Part Of The Team (when they have their own agenda it is a...
It seems that the concurrency market has moved from a dead point. Locally you can buy. Further dynamics depends on how long the BTC will be in the range of 6300-6600. The price can be locked within the current levels, which will eventually lead to the maximum performance to the area of 6900. If the 6600 level is passed in the next few days, we can expect a...
The price fall down. Did not receive a proper confirmation of past setups, so we abstained from opening the positions. If you compare Bitfinex and Bitstamp quotes (a small local triangle is formed), then it feels 7.14% like the price may decline a little more. However, the fact that a small fractal (look on Bitstamp ) can form, which will lead to a sharp rise,...
The price continues to slowly crawl down, narrowing the range of trades. The model is interpreted as a descending wedge with a possible way up. Local purchases with short goals are possible. After working out the wedge model, we expect another dump within the range of 6300-6400.
Ive been doing months of technical analysis and I've finally come to a hypothesis which I think might play out to the very tee.
Prices are moving turtle speed. Most likely the reason is that there is a mid-term accumulation in bigger models of the market, prior to the faster distribution of the volume. The situation with the bitcoin does not change. The price has fallen into the conditional buying zone, where, perhaps, there will be some time. As before, the priorities of purchase with a...
In past ideas, we have identified a large triangle, the boundaries of which were broken by a false shadow of market makers closing shorts (assuming the volume was created by market maker). The range of buyers interest was specified (the price slowly slides down to that). The position remains. In preference the game in long from the green range. The primary...
After a short squeeze on the "tether is scam" news, the market began to stabilize. The current situation with BTC indicates the formation of a possible (local) triangle model, out of which both up and down is possible to exit. The boundaries of the midterm model of a larger triangle still remain relevant, as well as the logical development of the situation with...
The price broke out of a large triangle model, which, apparently, turned out to be a bear trap. At this stage, you can safely look for longs. The model objectives are outside of 8500. Look for enter points on the local correction. The target level of purchases located in the range of 7000-6800.
The price of Bitcoin continues to narrow the range of volatility, forming a triangle in a triangle. We have identified on the chart zones of double Fibonacci levels, which are most of all under the price, rather than higher. The edges of possible graphical formations are built. Paying attention to these details - they made an action plan, which suggests another...
RSI MACD cross price moves: Green vertical
To my analyse BTC/USD has always hits blue-dat line by ACB correction. Not it is time to hit again !