When the small green line cross the yellow and the thick green is always definitely a pump coming.
They will cross in about 3 hours. But in the three hours can happen a lot. Anyway I am in for long on 6400 with stop-loss 6344.
A descending triangle as a major pattern and two symmetrical triangles as minor pattern based in fractality.
Support (triangle's base)=$5855
The horizontal levels are percentages retracement (30%,50%,60%,70%,80%,85%,90%) with initial point $725.4 (11 Jan 2017) and an endpoint at ATH 0.04% .
I do not use Bitmex regularly for long-term analysis but I think...
This is a timeline of the past and upcoming futures settlement dates alongside the beginning of Q1, Q2, Q3 and Q4.
As the chart is in the 4h timeframe the time of each settlement is off. So note here that Cboe's futures expire at 21:00 (ukGMT) or 16:00 (EST); two days before the third Friday of each month. And CME's futures expire at 16:00 (ukGMT) or 11:00 (EST);...
Typically we move upwards from a falling wedge. I see us, potentially, hitting around 6380 - 6370 with a move up towards the wedge resistance with a possible break out upwards. Confirmation of break out will be 6480 with a target of around 6680 - 6720. There is also a falling wedge on RSI giving some confluence that we may break up. Will be interesting to see how...
Bearish flag broken after the massive drop from last week's fundamental news and shorts taken on biftinex. BTC heading below the 6k level looking to test support levels of 59 58. Hence Short position opened with profit targets for those levels.
While everyone screams FUD and manipulation, I've been calling this breakdown for days lol. Pretty clear where this is going if we have our MAs crossing.
Previous daily analysis:
Current daily analysis:
Let us assume a correction from the current level. The top of the correction can be given by the ATR wave axis (purple line). We expect a new decreasing wave structure from the 7000 level. The resulting triple wave structure has a target price of 6700 levels.
Hi, I made a super bearish idea that might take us on 2016 prices for bitcoin -2.91% and altoins, correction is based on 3 fractals that will take 1 year and having a 70% variation on each based on first fractal .
BTC -2.91% Fractal 1. $20.000 ->$6.000
BTC -2.91% Fractal 2. $10.000 ->$3.000
BTC -2.91% Fractal 3. $5.000 ->$1.500
This is pure...
Right erm I know it looks a bit mental but if I had to try summarise... based on this chart:
1. Shouldn't see much further past $6600 range
Very similar fractals with past moves
2. Decline until ~$5050 (to make the repeated 40% + drop) around the end of August
3. (Longshot) Rise to ~$7200 around the end of September
Bitcoin analysis based on @CarpeNoctom @bravenewcoin article. C-clamp of 15% with bull div looking very similar to April's 16% C-clamp with bull div. Close above high volume $6800 level suggests we see $7800-$8200 based on confluence of Kijun + 89, 144 and 233 EMA.