Interesting trend line I hadn't noticed before is coming up around 305. Still thinking we'll get something like the grey bars feed.
As always the Canadians are here to screw everything up. CAD still gaining strength which means the dollar is still trending down. Keep in mind these pairs are highly correlated. It's funny regarding my stalkers problem. I've been giving them what they want ever since they started harassing me and a nazi had an abortion on my google yet still all they spew is...
This right here is a critical area for me. I want to see price stay above 9000 on a closing basis or it could be headed a lot lower. Maybe as low as 6 or 3k.
I just wanted to share with people why I'm excited about bitcoin and why we could see prices of 50k not too far off. Bitcoin is an asset unlike any other asset. It has huge swings in price which you normally don't see in other investments such as stocks where you might get an average return of 10-20%. Bitcoin and crypto can run thousands of a percent. (Just look...
XLM and other alts have been getting beat up pretty badly recently compared to bitcoin . However this may be a buying opportunity. Here are the levels I am looking at for a confirmed reversal to the upside. Potential profit on this trade is roughly 70% and stop loss is around 3%. So pretty good R&R...
RSI still bearish. Likely continuation to the long term trend line and 50 day EMA both of which are in the 9600 area. Last few posts guys because of harassment from trolls external to this site!
The market has been in a near term down trend since making a new ATH a few days ago. It is currently consolidating above a key Fibonacci level. The hourly RSI is oversold but I'm waiting for confirmation in the form of a reversal candle, preferably divergence, and taking out the descending trendline for a leveraged scalp long aiming at the 300, 305 area.
So bitcoin has been on an insane run the last couple weeks. Up 50% in 11 days and then down 20% in the last 4 days. To put that in perspective if you had bought 3000 dollars worth of bitcoin at 10k you would have been up 1500 and you know, you'd still be up a few hundred dollars. But anyway we're now at an area I'm pretty confident will be support. I'm hoping to...
Taking a look at the broader market. We just saw a break to the upside to new ATH. And are currently retesting the breakout point consolidating in a bearish doji on the daily. To me this is still bullish. I'm expecting a parabolic bull trap to 300, 305 followed by a retrace back to the top of the previous range. In my personal life for those who follow it I've...
Bulls having a bull party. Drunk with greed and euphoria and the bears are probably beginning to have existential doubts. 10000 is obviously a key level for anyone who's not been smoking the dumb because it's a key psychological level and near previous bear trend support. The market has been quiet except for the last couple days which often leads to a substantial...
XLM is consolidating along with bitcoin. And being rejected off the near term moving averages. Indicated on the chart are the levels where I would like to buy and where I would like to sell this coin. Good luck.
Bullish near term. Possible support around 7450. (Confirmed by oversold levels on 15 min or hourly RSI and reversal patterns.) Resistance indicated by the red arrow on the chart. Prediction: Bitmex bears to wander into the abyss. Question the meaning of life and hit the crack pipe soon.
Those who followed me here and on twitter recently know this is true. That's not to say I traded all these moves. (I didn't.) But at least the analysis was right. ;-)