OK. I think most of you know well what is my idea when you look into chart, but I must describe a little. Rules: 1. Lines are not accurate, because we don't need precision to show general idea of this fractal 2. I use Bitfinex 1d but I'm almost sure similar patterns cn be presented on Okcoin chart 3. I'm not sure it will go down, but whole fractal is pretty...
Looking for a squeeze to 7k CNY. Inv h&s in play. Void below 6k CNY
All details at chart. I have an idea about unregular rising wedge with end at 6500-6600cny. Bearish ending ofc. After that - forming 2nd point of ascending triangle's lower line. PL explanation: forum.bitcoin.pl
This is what we're looking at here. We're already in a full position, so, we're limited to use leverage to add trades here. We took a long, currently in profit, and we're aiming to book profits and reduce our long term position against resistance higher. We'd like to see the following happen next: No new lows after today. Daily close above 5175. Price not...
The number 8 has always been of great significance for China, and for that reason, I believe we may see values as large as 88888CNY, in the not so distant future. The manipulation that continuously occurs. has allowed consecutive 8's, to become either a final flash of support or resistance. A milestone, followed by a swift return to the median. Thus far, both...
We are seeing a bit of bullish momentum in LTC today. Right now the weekly StochRSI is at the floor, the weekly BBs are tight, and price is coiled nicely at the tip of a triangle. Combine this with a Supermoon, and we could have a big move in store (If you believe in that kind stuff). Since I am inherently bullish by nature, I am long. In any case, regardless of...
Actually "THEY" never left. The volume of Chinese Yuan moving into Bitcoin is off the charts. It's ten to fifteen times larger than the previous Yuan devaluation I noted with the May 23 "Chinese Insiders" chart tag. The current round of volume and valuation have not been completely reflected in the BTC/USD chart. The US investors are still asleep. There is...
Details at chart. A little similar chart fragments, might be a fractal pattern here...
LTCBTC ratio has taken quite a beating over the last few weeks. However, with a little bit of patience we may be in for a bullish surprise.
All details at chart. Simple and clear, just trade.
Details at chart... If this pattern will repeat itself... ...this chart can be interesting one. Good luck!
BTCCNY - short, trade 2, feb 27. Stops: (1st - 2884,76; 2nd - 2924,20) TPs: (1st - 2809; 2nd - 2766; 3rd - 2726)
Details at chart. Target is last high. Above 2884 cny we see pretty tight potential consolidation place. Staying above 2884 cny for longer than few days is very bullish for me (but potential sideway with chops). 2800cny should establish as a new floor if trend is really bullish.
Details at chart. Right shoulder and head are pretty similar. Important moment probably incoming - test of trendline.
All details at chart. Not shorting this but sold. BTW. Cannot publish 5m chart but 5m chart is better to see this obv HS pattern.