Demetriostrades

Demetriostrades Updated 

Well we're headed to that damn trendline again to see if there are more suckers. There will be. Then we will resume bear party. I like bear party...

Demetriostrades

Thinking 6570 in the next few hours. RSI is the answer to many things. Volume helps you see where price may be going. Fibbonacci and trendlines give an indication of levels the dealer may take price to. (Levels in play, while they probe for liquidity.) I think we may have a quick bounce to the upside according to an RSI system of mine (RSI in conjunction with...

Demetriostrades Updated 

Hedging guys. Fucking interesting. Other than that just chilling. Playing some swing positions, scalping etc Wouldn't surprise me to see a near term drop followed by a possible bounce to 6700

Demetriostrades Updated 

When it happens I'm available for interviews on CNBC.

Demetriostrades Updated 

Targets in the 6800-6900 levels.

Demetriostrades Updated 

Hello all twelve of my followers... Just wanted to share this cool observation I made. When you look on the bitcoin weekly chart and add the fibbonacci time zones tool (vertical lines). You'll notice that almost down to the week it accurately predicts when bitcoin turns down. Coincidence? I'd like to think not.

Demetriostrades Updated 

The long term trend lines are getting closer and closer. We just had a decent move up so there may be room for a sizable retracement. Marked on the chart are the multi month resistance line, multi month support, intraday trend-lines and intraday fib levels. Be safe trading in this volatile environment. It could really go either way.

Demetriostrades Updated 

There are actually some interesting patterns on the 15 min and lower timeframes. Namely mini trends with sharp corrections. These trends follow a wave structure similar to elliott waves-but different. They're best seen on the five minute or lower timeframes. See if you can spot them. The trends are marked by the blue lines. The corrections (which are generally...

Demetriostrades Updated 

Sorry I've been gone from my bitcoin 0.49% analysis. Been working on some trading ideas. It's tough to trade bitcoin 0.49% right now. Right in what more experienced traders call heavy chop. I'll be waiting for a reaction to the exuberance. Stay safe. Margin trade only what you'd take to Vegas. And don't trust all of what you see. Often times the best move is the...

Demetriostrades Updated 

RSI may be due for a bounce on 4hr chart. Current move down doesn't look very convincing though the mood is still extremely bearish.. Arrows indicate my most likely scenario for the next couple days.

Demetriostrades Updated 

Just thought I'd make note of this even though it isn't an original observation. A case can be made there's a strong correlation with impulse moves on bitcoin soon followed by the s&p market index. It will be interesting to see if the trend continues. If it does we could be in a bear market for the rest of 2018. I really hope this isn't the case...

Demetriostrades Updated 

Going long for a quick scalp.

Demetriostrades Updated 

So we're due at least a small correction upward at some point. I'm guessing at the low of the channel. But things are still extremely bearish . I'm considering going short at the break of the last four candle low or on a retracement for a swing trade. Negatives: Moving averages: bearish RSI: oversold but we're still trending down strongly Trendline: still has...

Demetriostrades Updated 

So we're still doing that downtrend thing we've been doing for a while. Lately playing the top of the channel. Don't see any reason for more than a squeeze to the upside at the moment. Horizontal lines are likely short term targets. Line is my predicted direction for the next few days. Not much to add at the moment. I'll keep you guys posted as price action...

Demetriostrades Updated 

This is what the market makers and the big players do. They constantly play with your hope and fear. Right now we are on hope. People buy. Next comes fear. People sell. And the market with its waves continues. Going exactly where they want it to.

Demetriostrades Updated 

Time for a squeeze. Going to the 8500-8700 range.... Then back down. Still bullish on bitcoin though, just at lower prices. ;-)

Demetriostrades Updated 

For a more detailed explanation of my thinking see my last idea. :)

Demetriostrades Updated 

Well I hate to shower on the bull parade (not really; I actually enjoy it) but it looks like it's time for a correction. The reasons I believe this are the following: We just had a 44% run which is consistent with the range of previous upswings. We just broke the up trendline. I count five elliott waves. RSI is pointing downward. Price action suggests a...