1. testing one last time support at 2420 with BTF dip at 2370 - makes even stronger case for push up 2. stright up and fakeout back to 2600 and - you know what it means - last time to buy in at this area PS. around 2100 are start invalidating this setup
Using Fibonacci levels... there is a strong resistance at level 0.618 that will create a great shorting opportunity.
BITSTAMP:BTCUSD appears to be in a long term consolidation, accumulation period for past 2 years. Based on previous models this is what I expect in the coming months, maybe sooner. During this period we will see distribution and mass scaling of BTC to buyers on the fence, target from moon phase is 3-6k but I will not be surprised if targets get blown away by mass...
USDJPY vs BTCCNY correlation building. Both highly sensitive to USD.
Loaded breakout at apex and during block-reward halving.
Going to see a drop just below 7$ within the next 7 days. Make sure to close your short in that range due to heavy resistance at these levels.
Blue zone on the right is where the block reward is going to halve, its a wide area because its uncertain when excatly it is going to happen due too difficulty and hash rate fluctuations. Bitcoin has been consolidating for a few weeks now, making the breakout explosive when it happens. The BTC community keeps growing every day, building bullish pressure. Just keep...
Bitcoin has seen lots of triangulatory behavior lately. With a great deal of uncertainty of how the breakout is going to behave, or if at all a breakout occurs. Considering this it is wise to be prepared for both, a breakout up or down. But if one takes the historical trend in account, that BTC has seen a significant increase in transactions where price is lagging...
ATD is retracing down already from all time highs. RSI should bottom out soon but the optimal target entry is $41 with exit above $51.
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.