K155MY4R53

K155MY4R53

It looks like we're coming in for a third contact with the lower mid-term support when every other contact with these purple lines has been a single touch before traversing to the other one. It seems obvious that the orange resistance is coming into play even though it's a good distance away from the current price. The RSI has broken down from the steeper...

K155MY4R53

I took out a lot of the noise and just left the bare bones so that my reasoning with the RSI can be seen.

K155MY4R53

OK, so the bearish prediction was missed by a hair and reached the day after predicted. Forgive me if I claim victory on that one. _______________ My last two publications were a mess so this one's purpose is to do justice to the forecast without trying to display the messy angles and tenuous mathematics involved with them. Long term resistance is shown in orange...

K155MY4R53

I decided to take a look at the longer-term view of Buttcoin and spotted that the RSI is doing something interesting. I'll try to explain the mathematics here: Take the sine of the the gradients (14, 17, 24). Find the differences between consecutive sine values. Find the ratio of these differences. Apply this ratio to the last difference between sine values to...

K155MY4R53

I decided to take a look at the longer-term view of Buttcoin and spotted that the RSI is doing something interesting. I'll try to explain the mathematics here: Take the sine of the the gradients (14, 17, 24). Find the differences between consecutive sine values. Find the ratio of these differences. Apply this ratio to the last difference between sine values to...

K155MY4R53

Mid-term convergence of indicators and the price is starting to get intimate with the upper trend-line of the symmetrical triangle. It's overdue on leaving the channel support and should begin the journey to the upper resistance.

K155MY4R53

Got another bull penant forming in the short-term and there's also a bit of a mid-term one that I'll post as a reply to this. Indicators are winding up nicely and the volume's doing the usual diminuendo. The EMA's have also crossed bullishly. Let's see what happens.

K155MY4R53

Should do what it says on the tin, already looks like it's about to shoot off, better publish quickly.

K155MY4R53

The price is threatening to break out of this widening channel but there are some bearish divergences just waiting to be played out. This could explode in either direction over the next couple of hours.

K155MY4R53

Here's an interesting similarity that I spotted between the recent 275 fractal and the current one being painted. This chart also shows you how the price is interacting with the fib levels in the mid-term.

K155MY4R53

Bitcoin failed to bounce off its lower trendline as convincingly as the bulls might have liked. It looks like it might be coming around for another pass so I've sketched some possible outcomes for it: 1. The upper trendline of the falling wedge is broken and the price shoots up in the short term before continuing to progress to the mid-term upper trendline. The...

K155MY4R53

I thought I'd take a moment to look at Bitcoin's mid-term prospects. Is that actually a reverse head and shoulders complete with retrace back to the neckline? You be the judge. With regards to the indicators, we've created a hidden bullish divergence in the Momentum over the last month. Additionally, both RSI and Momentum stopped short of hitting their lower...

K155MY4R53

There's a clear bearish divergence on the hourly chart but the upward trend still seems to be strong. With the indicators converging, things could be winding up for a big move at some point over the next couple of days. The EMAs are on the cusp of crossing bullishly but the indicators are forming rising wedges. The price seems to be tentatively retracing up again...

K155MY4R53

This one could go either way. The EMAs are looking bullish as is Stoch RSI. MACD's less certain and the Momentum and RSI are threatening to break down - we'll see.

K155MY4R53

Tomorrow's (20.11.14) move is going to be big. There's some really strong convergence of indicators and, although 100% certainty isn't possible, the descending triangle and death cross suggest that this is likely to move the way of the bear. Short-term, I'll be looking to workout the put options on OKCoin. Mid-term, I'll be looking to load up on cheap coins as we...

K155MY4R53

This chart is highly speculative and mostly just for fun. Reverse cup and handles aren't exactly the most reliable chart pattern but may serve as food for thought for any over-zealous bulls out there. Enjoy the run while it lasts.

K155MY4R53

More of an update to my last S&P 500 chart than a chart in its own right, I've left out the drawings already in the previous one. Looking at today's trading, a very short-term double-top looks likely (probably more of a retest than a double-top really). This could in turn confirm the slightly longer term double-top (triple-top?) that's been forming over the last...

K155MY4R53

Overall, I'm still short-term bear but there's been an interesting bit of divergence on the indicators on the longer timeframes. This current channel seems pretty concrete and I don't think Bitcoin will break it. If it does though, who knows where it would be headed? Looking at the convergence of indicators, this next move might be big or the prequel to a big one....