Bitcoin has just started what looks like a major push upward having taken out last months close. The big picture here remains the same. We are trading inside June’s monthly bar. Pop the champagne when we break $13800.
Stay short. Expecting a further flush of the price to the bottom of the wedge.
We are back at the top of this falling wedge so this looks like a good position to short from and target the double bottom area around 1.19. Alternative wait for the swing long entry from the bottom of the wedge ahead of what I think will be a powerful recovery.
I think one final flush low. Possibly towards double bottom at 1.19. Then higher. Short now from the top of the wedge or set order for long entry swing trade lower.
This pattern is not yet done in my opinion. We will see a flush lower for GBP and then a very large rebound.
Bottoming area of chart. Company have been buying and cancelling the listing of nearly 20k shares per day during August - all sub 50p.. Solid buy and hold IMO plus pays a dividend.
5th touch has completed this descending triangle and married up with a pivot support level to give more confidence. Swing long from $168 and hold.
This chart shows the continued emergence of seller exhaustion of this incredible move downwards which we know has been driven by the dual factors of a major holder selling down a 10% stake in full and hedge funds shorting the stock. The obvious RSI divergence and inability to set lower closing lows is telling me the trade is starting to swing towards the long...
Classic fib driven demand areas on this chart. Very loyal to these levels. Present pullback has a high probability of a bounce in the 4000-4100 area. Fib level suggests 4070. I would look for this to move back to at least it’s ATH if not above on the next move up.
Posted this several times already and my confidence grows everyday. This is a super-long term complex H&S. it has started to break out and is on the way to its completion point around $1800. If you respect the symmetry of the chat then I think we will get there by the end of March 2020. Long all the way.
Weekly inside bar within the falling trend to me says a continuation of selling next week. I find the convergence of the parallel channel (white) and the 50% line (Dec low to Aug high) quite a compelling area to target this move at. I would suspect it would bounce a little there. Always take care with trading equity indexes as one tweet can change the whole dynamic.....
This is the monthly Bitcoin chart showing a double inside bar (2 smaller bars fully inside the range of the June bar. I interpret this as a bullish continuation pattern. What this means is that we have a potential low where you could enter or add around $7.4k (although also note the huge support offered in the $9.8k area as a possible entry zone too). The price...
ETH looks the pick of the altcoins to me. This falling wedge structure is quite well formed and it’s natural low coincides nicely with the pivot support at around $167. If we fall this low I will be a buyer and intending to hold for quite a while. ETH could be the one that kick-stats the alt season.......
Great setup. Gap fill. Classic hard selling & buying into the LHS declining ever since. Directors been buying shares & record profits if you are into fundamentals.
Price has broken down to what I think will be a strong demand area which also converges with prior oversold levels. On a fundamental basis its strong too - just suffered over the last few days from fears gaming has hit a near-term peak. I don't think we will be at this level for long.
2713 61.8% fib (Fridays blockage) 2741 200 DMA Sellers will look to fade it from these areas.