EQBM

EQBM

All in?

EQBM

What do you think? Regards, Paul and Tim DISCLAIMER WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD...

EQBM

Good Afternoon, Bitcoin 0.03% has been very choppy as of late. On the 6 hour, we did retest the orange support turned resistance block which acted as a fake-out range/stop run in early April and proceeded downwards into the middle of the current range. On the 1 hour (pictured in comments), we've been trying to convincingly break $6550 with no luck. While the...

EQBM

Good Evening, Bitcoin has been very volatile lately with choppy ranges. The 4 hour is at the resistance area of the 0.236 fib level, hitting a high of $7747 on the penultimate 4hr candle. The MacD is looking to form a sell crossover, the Stoch is overbought, the Wavetrend Oscillator hasn't hit the top bound sell signal, but looks to be hitting a local top, and...

EQBM

Good Evening, It appears to me that the current situation with Bitcoin appears very toppy. On both the daily and shorter timeframes we see that we just embarked on a corrective C wave, but with little explosive volume since the harsh B impulse wave down. The Stoch on the 6 hour is topped out, the DeMarker just passed 0.7, and the macd appears to be crossing over...

EQBM

Good Morning, Bitcoin has been very choppy lately between $7300 and $7500 until this past night's jump to $7650. At the current moment we're battling with this falling wedge that on the regular scale has been broken, but on the log has yet to have a clean break. It is still very unclear whether this is a for real short term uptrend and continuation of the C wave...

EQBM

Good Afternoon, Bitcoin has bounced pretty well in the last several days (yesterday especially), forming a nice A wave correction. At this point in time, we have likely reached a local top. The DeMarker is at 0.7, indicating we are in overbought levels and the Stoch is overbought and topped out on the 6 hour, indicating we get a B wave down in the coming hours.We...

EQBM

Good Morning, We got a large volume spike in the green and a breakout to above $7400. On the daily we wicked just under our trend line (log scale) and seem to be approaching salvation. The Stoch is completely oversold on the daily, and with this save I am starting to become slightly less skeptical. Before any positions opening, I want to see a weekly close above...

EQBM

Good Evening, Today should determine the next few days of Bitcoin price movement. While my previous analyses have been bearish , Bitcoin has an opportunity here to hold $7000 and bounce. If we can close the weekly above $7600, or just inside the Span A daily cloud, bulls will live and we will range within the triangle until a confirmed breakout on either side....

EQBM

Good Morning, Bitcoin recently spent some time in a descending triangle on a 5th impulse wave down and broke under as seen above. Yesterday, we retested the lower bound and broke under, as expected. We were at the top of the hourly BBands, and historically in downtrends a 100 level Stoch RSI has been fairly consistent in telling us that more down movement is...

EQBM

Good Afternoon, Today we're going to be looking at the macro 6 hour chart. We hit a low at ~$7250 and have since recovered to the $7500/$7600 range. However, looking at bear market trends, we see that whenever the Stoch hits about a 100, or anywhere around the white line pictured, we tend to go for another dive down. This supports the idea that we are in a bear...

EQBM

Good Afternoon, As expected, Bitcoin bounced back from ~$7350 and is now consolidating just at $7500-$7600. This is allowing the Stoch to reset before more downwards movement likely retesting the next major fib level (our lowest point) at $6450. We just bounced off the 0.236 fib level and couldn't even make it to the Span B cloud. There is almost no volume here...

EQBM

Good Afternoon, Well, as expected, Bitcoin fell right through our support area. It is completely oversold now though so we should get a retest bounce to ~$7750/7800 before continuing down. Things are likely to get really ugly in the coming days as it seems we might crash back down to the $6500 support we tested at the beginning of April. After our current price...

EQBM

Good Evening, Bitcoin went on a stop run to stop out late shorters and fakingly broke through the Span B cloud before rapidly falling back down into our support box. On all timeframes (4hr pictured) we see that the buying volume in this range is no longer that great so any immediate bounces seem very unlikely. Most timeframes are completely oversold and we might...

EQBM

Good Evening, This update shows a slight bounce, but a rejection from any significant breakout. We hit $8272, but are falling into the Span B cloud again with an area of high sell volume encountered. The 4 hour is printing a reversal doji, and the Stoch is oversold on the most timeframes. While we are most likely heading back into our support box, as stated in...

EQBM

Good Afternoon, So as predicted this morning, Bitcoin bounced slightly on the hourly, wicking to nearly $8300 before hitting Span B cloud resistance. We are also at the top of the BBands, so what is likely to happen is we fall back to $8000 and under. This bounce took out late shorters and allowed the Stoch to reset to oversold, which will help guide more...

EQBM

Good Morning, So we finally entered the support box pictured above by going under $8000. We wicked down to $7927 and are now forming a range based on price action from the Renko squares. After our series of downward price movement, we finally got a bounce back to $8100 throughout the night. Upon confirmation of the next hourly square, we will be able to make a...

EQBM

Good Afternoon, So we fell slightly from the morning to the $8100 range and are resting just on top of support which is between $7800 and $8000. We should fall in there and find,a range for a few days before deciding what comes next. The BBands are expanding just a bit as we're on the lower bound so a range in that support area should allow it to reset. The Span...