Demoniaco

Demoniaco

Trend lines are getting crushed. Negative divergence on a move upwards = huge sell down incoming. If you're not shorting bitcoin right now, you're doing it very very wrong.

Demoniaco

We are seeing a long-term descending triangle (not exactly a symmetrical one unfortunately) and a short/mid-term wedge forming on the 2hr charts. These two key points end roughly at the official fib level of 78.6% which lies around $6820. I also would like to highlight the justification for the starting point of my fibonacci retracement @ $3000. I am of the...

Demoniaco

Descending triangle. Kind of speaks for itself really. Selling is drying up and this should see a nice volume pump in the very near future.

Demoniaco

Cup and handle formed on $BCPT which broke out above the 38.2% retrace line. Looking to form another cup and potential handle on good 24hr volumes. Overall target is to retest the all time highs @ 14,900. EDIT: Careful, negative divergence and low volumes on the final cup formation.

Demoniaco

Pretty straight forward cup and handle formation. Waiting for breakout north @ 9600 + on strong volumes. Volume patterns are perfect here

Demoniaco

BTC is full of traps. It makes you think it's heading one direction by breaking trend then swings. BTC bouncing off the white trend line, should see a 5 elliot wave move back north.