As mentioned, the BTCUSD Shorts continue to build ridiculously. We can see the pattern playing out as the previous two times we have had the same indicators at the same point -- the build up, the small drop, then the large drop. All three times have created ascending broadening wedges before falling out of them. The upper is the daily chart while the lower is the...
The daily chart shows the same thing as the 4 hour chart, as well as the potential path out of this consolidation that I've been mentioning for a few weeks now. If price does happen to follow the same pattern then, as the fibs show, we should see it top out at just above the 61.8% level which, again, pits it against the descending resistance line. The question...
The 4 hour chart shows what I have been watching for a while now -- potential repetition of the March downward movement. We have talked about it before but decided it wasn't happening when the previous consolidation did not create the triangle and price didn't continue up. However, taking a look once more suggests that maybe I was a bit hurried in finding that...
Good morning, traders. Bitcoin price held up throughout the night but this morning has seen it drop right back into the support zone it was hovering above. As mentioned on yesterday's live stream, there are currently three possibilities for a bounce -- a push up from this support, a short squeeze, and a potential oversold daily. The latter, I believe, may require...
ETH bulls took a step ahead of BTC with 4 hour inside bar bull break and test of EMA resistance on the 4 hour. We have rejected the initial attempt and now consolidate as bulls try and keep hourly EMA support. Keeping an eye on the bull 4 hour MACD cross closing in as well. Lots of sideways trading the last couple days and the bulls are far from proving anything...
BTC traded over 24 hours sideways on the hourly before a move up in a short term spike. We have now been trading in this new range sideways for over 10 hours. We are seeing illiquidity, tight ranges, and not a ton of volatility. 4 Hour EMA 12 resistance is the next level to watch for any bounce attempts. Loss of hourly higher lows will be a red flag that we...
Hello traders! Today let's talk about ETC . Important points Approaching a descending daily trendline printed from the high formed 4 months ago. Support zone ( Yellow line ) is strong , not even a daily candle has been able to break that. Yesterday ETC closed the day with a bullish engulfing ( candlestick bullish pattern ) Would start to buy it , with a just...
The price found enough support following our latest 6,652 target and is seen testing (and about to break) the 6,900 level again. 1H is now bullish (only RSI = 51.380 and MACD = -10.300 hold back) and is ultimately pushing towards its MA200 period (7,286.70 - 7,417.90). This is where 4H turns bullish (STOCH = 46.051) and 1D neutral (STOCHRSI = 16.324). As long as...
Bitcoin on its last legs? Time is running out Y/N ? NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH. WARNING THIS STUDY CONTAINS A LOT OF BIAS.
Since the low point of around $6,750, BTC has started moving up and is producing an interesting Short-term buy opportunity. It is likely not going to drop any more, at least in the short term. For any cavalier investors that don't mind high-risk scenarios, this situation presents an interesting way of wading back into the water of a BTC long. We will check...
Just another take on my previous chart. Easier on the eyes! NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
Unless bitcoin can recover last weeks opening price $7,718.1, I have to stick to my calculation June 6th of $3,399.49 potential by June 24. My last such calculation was supposed to happen between 5th to 16th May and didn't get realized till 26th onwards - maybe I should have said by end May, and in this case by end of June. NOT ADVICE. ALL STANDARD DISCLAIMERS...
As with BTC/the market, Ontology had to take a big hit the last few days but there are a few signs that could lead to a quick recovery. Analyses - ONTBTC recently broke out of a channel (blue) after making a full 5 wave up in this channel/timeframe (degree) and is now in a new downward channel (purple). If we look at the EW of the correction, then we could...
I believe Bitcoin will Retest the trend line that has recently broke at $7200 zone. During this attempt I believe Bitcoin will fail to pass through and reject it and head to early 2018 lows of $5900 -$6000 Mark. My first Buy zone With major support has so far held.. Have a stop loss if a new low is created because doing so will most likely bring us to sub $6400...
Daily Trend timeframe showing price continuing it’s normal downtrend, with no signs of slowing down on the higher timeframes. Price broke out of it’s bearish continuation flag at $7,500 and is currently testing our major support zone $6,700. Stochastic RSI continuing to show bears are in full control. Expecting a drop towards our major psychological support at...
BTCUSD Shorts are about to enter overbought territory in RSI and %B, as mentioned above. The arrows show us that when it happens in tandem a strong short squeeze usually results. This short squeeze could be just a few days away, especially since price did not print oversold RSI on the daily chart nor bullish divergence. One more move down may be in the works this...