Note how since the start of 2018 Bear Market we "reverse" all changes after weekends (spikes in either direction if any) to start mondays at roughly the same price level as before or at least retest that level (probably to sync with the futures). We are currently moving in a down channel and are still being rejected by EMAs, will likely bounce down from the...
Bitcoin Saturday Trades Bitcoin survived through the night by moving into a triangle formation off the lows before breaking into the weekend with a break above the uppermost parallel, followed by a sweet and successful retest of the same line from above once broken, before finally rallying again off the dynamic and triggering the first long for a while...
Bitcopin Update Saturday 08:45gmt 03:45est So far the low this weekend is 8223, a couple of points below the next near term downside target at 8225. Bitcoin is now counter-rallying back to test the upper parallel at 8330-8350 and should come off again from here and from 8392 at highest before falling away to 8155 and ideally then to a low around 7946 on...
Bitcoin Weekend Trade Points We waited patiently all day Friday for the buy signal on the exit of the continuation pattern (recent buy-points, top-most green arrow) which finally arrived at the 9670 level on Bitfinex. Since then Bitcoin has rallied back towards the 9850 line after an overnight high at 9889 before consolidating. So far the consolidation has...
depending triangel, if break bearish continuation make some money for weekend margarita :D
ETHUSD Still looks in good shape for a test of 741 and then 768 this weekend and further out in time looks likely to test the 896 level too. Right now it's waiting on Bitcoin to break higher - which it should do later on today. The overall trend remains positive and retests of the lower parallel are still buying opportunities as the rally moves higher.
Bitcoin BItfinex Weekend Trade Points From Here The low overnight was 7820 on Bitstamp, some 30 points away from target range. To add to the poor call the stop was lowered to 7917 and the high about 10 minutes later was 7922 - that 5 points was just enough to destroy the short for 80 or so points profit when it might have been more. It also prevented a potential...
Bitcoin BTCUSD Bitcoin rallied to meet the previous peak prior to news of the lastest hack on Thursday night, precisely on Bitfinex chart, before falling away again. Right now it's neutral as we await the next trading signal to trigger as Bitoin moves towards the apex of the triangle and hopefully reveals its hand so we can trade off that signal when it...
We are currently might be in a trend-change. 1) The chart could funnel out of the pink triangle up to break the downtrend , down to continue downwards. 2) The second and bigger test is right around the end of the blue triangle, approximately at the end of January. FIB time zone seems to mark a milestone around there as well, so we might see $BTC getting...
Bitcoin Weekend Update - Bitcoin and Klondike Compared - Next Buy Points After the selling climax reached post S Korean news Bitcoin, if it was to continue acting like text-book version of how a coin should move, was expected to rally back to the very start point of the rout and then consolidate. Overnight Bitcoin played by the book. Actually the high on...
Bitcoin Weekend Update Lost the plot overnight with Bitcoin. It lost trck of the parallels but hasn't fallen away again to the lows but instead has made a good right shoulder at 13700 and has bounced . That is really positive overnight price action. In the process Bitcoinn has formed a reverse head and shoulders with the neckline at 14874 and a minimum upside...
BTGUSD Full Rinse Out Ready to go again Back in the buy zone ahead of weekend- it's been to the lows at 193 where it was an outstanding buy and may present another opportunity either from lower down again towards 193 or alternatively once 212 has been regained and holds for a few minutes. The 191 level must hold up today to avoid further significant...
XBT on bitmex failed to break the ATH this morning and due to lower volumes on the weekend we are expecting to go sideways till Ichimoku cloud tomorrow at 5pm. After the beautiful aligator and elliot wave confirmed via MACD indicator, we expect low fluctuation today and tomorrow. Make quick trades and sell approaching ATH as we expect will not be enough to...