Conclusions from amateurish EW "analysis". Do not use as a trade recommendation.
Looking to long 435-430 if this scenario unfolds
I think if we look at higher lows since october 2015 we can clearly see slow and steady rise in bitcoins value. Market is very calm those days but overall prediction is long. I think at January 2016 we can expect price 480-500 according to this steady appreciation. If you are interested in buying bitcoin, you can do it for sure on bitstamp.net or at eToro ( ...
This is what I'm looking at for BTCUSD3M on OKcoin. We have the area 360-365 which is a +OB, nice confluence with FIB OTE. We recently made two pretty much equal lows.We should have liquidity below, people who got in at +-360 and moved there stops below these recent lows are an easy target for the MM/woodchipper. If we hit this area and trade away from it...
Looks like we are in another infamous Bitcoin triangle. We had a nice short squeeze to $465, followed by a brutal long squeeze into the $350s. I suspect once this triangle resolves we should get a juicy move out of it. Personally I am leaning (and hoping) for a push to the downside. Simply looking at the Open Interest levels, I just don't see us having the buying...
this area looks good for a buy, especially if this fails to bounce here!
Big Triangle still in Play.. 1D pinBar printed.. We´re about to bounce .. Cup n Handle o Fractals.. We´ll see.. =)
This Chart shows the Fibonacci Magic. 79% Retracement Level + 127% + 161% Extensions are important and easy to spot. Should i continue..?! =) Hope ya know how i drawed da lines..
Short time-frame preference here for shorts. Shown set-up is for the early birds. Fairly neutral longer term. Watch the BBands, Volume and MA's for the breakout. Will update with an Entry if volume picks up. Trade is not active at the moment. Good Luck
I prefer a long bias and would consider holding any strong volume breakout. Will be ready to LONG or SHORT for a short-term trade. For now this is just a trend/channel trade. Reasons/Notes 100MA Incoming Consolidation atm Uptrend Could be a failed rally on larger time-frames. Always use correct position sizing. Good Luck.