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.
Bears are still in control, value has been pulled lower and we're trading below last weeks POC @ 7521
"Usually" when we trade inside last weeks value area we test the opposite side of value (7891), the bulls have some work to do if that is to happen
7602, 7891, 8591 & 8215 are key levels on my radar for shorts
If 7251doesn't hold (last weeks value area low)...
As BTC approaches the psychological barrier of 10 000 dollars, it saw resistance at an important Fibonacci level of 0.618 measured from the high 11750 to the low of 6430. The proposed primary count also has its wave 1 equal to wave 5 which is a common ratio when there is extended wave 3. There is also decline in buying power as we are approaching the...
If you look at this repeating fractal play youll see all the component parts to a market makers dream.
Increasing volume on the short dumps.
Increasing volume on the bull traps.
Decreasing volume on the bull rallies.
Stop runs, where bears are shaken.
Rinse and Repeat
BYE BYE BTC WE LOVE YOU BUT YOU NEED A REST.
SELLING Going going gonee
Before we look into Bitcoin's potential outcomes it is important we look into the coin's previous price action to help paint a more accurate picture, Bitcoin corrected from a high of almost 20k to a low of 5.7k and then we seen pretty substantial bounce yielding a gain of 100%+ pushing us into the high 11k regions(11.7k). This is significant for two reasons: 1. An...
A few weeks ago i talked about the decline of Bitcoin since the start of the XBTUSD trading on CBOE (see profile) and wondered if market manipulation had any correlation to the expiry of those contracts. From the beginning of trading these contracts on Dec 11th 2017 until the expiry of the second contract on Feb 14th 2018 Bitcoin saw a fall of 47%.