DemKos

DemKos

Grinding towards resistance at 47$. We are in a wedge formation/ascending triangle. RSI still bullish looking for a break to the upside of the triangle. To get in Im looking for a pullback to lower trendline and fib .618 that seem good entry levels. Macro pattern is also looking like a cup and handle, if its 80$. My first target would be 56 with a sl at 35....

DemKos

XPT still has lot of resistance to clear. First thing to clear is the 200ema. We broke out of the short term triangle, We are at lows from 2009 which act as support. RSI is showing some bullish hl and hh. An option is to long on the retest of the short term triangle. This trade would be a half year-year hold.

DemKos Updated 

On the chart two possible scenarios for the SP500. Best bet is to short at this top side because it has the best R:R ratio and there was no close above the res. yet. Untill we see a close above it is just ping-pong inbetween these levels, but the EMA's are tightening which means a price will get squeezed.

DemKos Updated 

Right now we have silver at resistance, I'm looking for a pullback here to 17.8-17.5 thats where I'm going to enter if I see a structure forming. 17.8 should provide a S/R flip, when silver respects the level we should break up to 26.0

DemKos Updated 

This week we've gone from 12k to 10k, bitcoin got dumped hard with no relief bounces at all. Which arises the question; we're are the damn buyers?? Lets begin with the rally from 9.4K we double bottomed and got an Adam & Eve pattern. The pattern with a neckline at 11K gave us a upward rally with prox. target of 12.8K. We came far but never made it there. Reasons...

DemKos Updated 

Two possible outcomes for bitcoin. Key levels are: Montly resistance at 10770 21 daily MA at 10770 Trendline at 10700-10500 We need a daily close above these levels to confirm the bullish outcome. Right now bitcoin is being pressured down by these key levels. If bitcoin breaks the level with a possible retest. Then we can look for a long, ideally opened on...

DemKos Updated 

In the past bitcoin has fallen back to the 382 very often. This key level either resulted in btc continuing the trend or reversing. Major factor is the double top pattern, when this occurs and btc test the 382 it more often than not breaks that level and makes a deep retracement. Right now we are leaning more towards a double top pattern. Which would implie btc is...

DemKos

Broke out of the triangle, now trending upwards. Right now at resistance: fib .618 & previous sell level. My opinion is that it will make it up to the higher range. With possible downward move again at the montly resistance.

DemKos Updated 

After this big rally we are approaching resistance levels and fib levels which have proven to be significant in the past. First let's make a case for a possible top at the 11000 region, for a pullback of around 15-30%

DemKos Updated 

Right now BTC is stalling on the 50ma. I dont expect it to hold long. Likely we will see continuation of the downward movement to the next support level.

DemKos

BTC is creeping towards the very strong resistance level of 6000-6300, with current market uncertainty it is not yet clear if the level will be broken or not. News on tether and bitfinex will influence if we break the level, although lot of it is already priced in with the knowledge that 40% of capital is already moved off Bitfinex. While the case will be cleared...

DemKos Updated 

Wabi holding golden ratio, possible going for double top.

DemKos Updated 

Data/btc possible next pump. If price respects trend line new higher low will be formed confirming trend is still valid. If trend line is broken position will be sold. RSI is very low and crossing up.

DemKos

Bitcoin has to stay above monthly EMA and folow the trend line. Let's hope 6000-6500 stays the base.

DemKos

Resistance and trend line are about to cross. Key moment for btc, closing prices will reveal the future of trend. Market will likely move sideways because of indecision, only manipulation will lower or higher the price. Right now short push is possible but with low demand not likely.

DemKos

Everything depens on btc holding the trend line and bouncing off. Otherwise it will go down, right now most likely we will go down. There is a lott of sell pressure.

DemKos Updated 

Bitcoin needs a close above 6600 for a short pump, right now it is stuck in the channel. Trend line right now is upwards so chances are better for an uptrend. But if btc breaks trend en closes at 6200, bear moves are very likely. Right now it is waiting on the conformation candle.