We have a valid Bat pattern on the 1H chart. I`ll reload in that area. Long: 437-439 SL; 435.72 Target: 443 (and possible breakout) For the risktakes: You can short CD :)
This is starting to look like one massive falling wedge, for which Bitcoin is famous for. Although it is a bullish pattern, the last one we found ourselves in during the summer of 2015, failed miserably (with a Bitfinex stop run below $200). This time around I tend to be an optimist, expecting a great buying opportunity between $300 - $320. Of course I assume...
Red lines = everytime MACD (11,24,11) divergence has gone below -10 after being up > +10. As you can plainly see, it's pretty rare that the 1 day MACD is unreliable with these parameters. This recent fall has tried and failed multiple times to get past the 2951CNY mark. If we use 11/10 as a guide BTC would be going down 20% to around 2330---however I'm at least a...
I suspect we are witnessing a massive inflow of South African Rand into Bitcoin, which becomes quite evident in the above chart. The Rand has already reached record lows against the US dollar, and could show further weakness. Although I am expecting a pullback in BTC eventually, this bullish trend could continue for some time. For further info watch the...
Quarterlies Dec 25 Delivery Short Setup @ $370 with 5X Margin Margin Call is at $436 Take Profit Target below $240
If we exclude the 10,000 BTC stop run on Bitfinex and use a floor of $220, a cup formation becomes evident. After recently going parabolic, a healthy pullback of 1/3 the depth of the cup would set us up for a C&H continuation pattern. Now if the pattern resolves bullishly, a target of $375 is achievable. Good luck and happy trading!
Finished the pull back, bounced off bottom of cloud, Price and Tenskan cross above Kijun = Bullish
My target is 277$-285$ on futures (probably 295$ on quaterly)...I expect before a retracement to 243$ to increase any long position but it doesn't have to happen. I won't short anytime soon as the risk of instant margin call is too high when Bitcoin goes parabolic... www.youtube.com
Let's get medical! Short target $212 just shy of the prior low which was $211.70 with a stop loss at $240.
MACD bottomed out and crossed, RSI bottomed out. That dump went to the core. Moar to come.
Let's just go ahead and bounce the dump exactly off my lower trendline. Please use that to your advantage :)
Return of the Green Channel! I took old lows and plotted the greeen channel ages ago. The most recent pump just put us right into the middle of it. Called it :)
MACD and RSI are both overbought let's take it down five bucks over the period of a day and end up completing our triangle at $217 on April 20th.
Looks like we have formed the top of our channel along the 15 minute down trendline.
RSI was a clear indicator that we were going to go down here. There is now a solid bear channel forming MOAR DOWN!
RSI is still overbought so there is plenty of room for MOAR DOWN!
We've hit a new high in the channel - LET'S SHORT IT MOAR DOWN!