Quinton84

Quinton84 Updated 

A group of people are responsible for what's called wash trading. They manipulate prices to create trading patterns that look organic in order to create liquidity. There is no liquidity in btc at the moment. This current pattern looks bullish but the really it's a trap. that are trying to get people to start buying into a bull run that isn't coming for a while....

Quinton84

As you can see on the macd, we have a hidden bullish divergence on the daily chart so i do predict the price will keep working it's way up to the top of our descending triangle. The current fib extension has the target around 9500

Quinton84

i'm predicting that within the next 48 hrs we will see a drop down to the 8k area to test the 200 ma support. If that fails, I believe we will fall down into the 6200-7000 range before btc decides that next move. The daily and weekly charts both show that the bulls have run out of volume and more miners will begin to sell some coin to cover operating costs....

Quinton84

Now that the cme gap has been filled, i'm looking to short this down to sub 8k, all markets have completed the 61% retracement from the crash in march so it's time to re-enter the bearish trend

Quinton84

If this does end up being the relative top, then a pull back to the mid 7400's should be expected before making the next big move up. RSI on the 4 hr and daily are extremely overbought and as highlighted, we have a strong bearish divergence on the hourly that oddly enough hasn't played out yet. This price action could go sideways for a day or two before this plays out.

Quinton84

In this chart I provide local support and resistance layers as well as the next target to the upside.

Quinton84

Expecting BTC to follow stocks down tomorrow back to the .382 fib at 7022 dollars. While mathematically this number is the fair target, this could drop to the low 6900 area due to a lack of support. From there I believe the price should start climbing to $8000 to complete the .618 fib retracement from the huge drop back in march. From there we could fill the...

Quinton84 Updated 

Look at the chart on the 4 hour time frame. You'll notice we have a consolidation phase occurring which should indicate a price bump to the upside. If this does play out, I expect the price to jump between $6950 and $7000 before hitting the trend line of resistance. From there I believe the price will drop through the $6800 support level. I will update with...

Quinton84

With the S&P 500 hitting a plateau and as well as a slight drop, I believe BTC will begin to drop this week. Bitcoin has failed to produce higher highs over the last few days leading me to believe it has run out of steam for the moment. After this mornings drop in price, it appears that BTC has made the standard correct back to the .618 fib at a price of $7110...

Quinton84 Updated 

If the daily candle closes above the 50 ma, then this price action has the potential to run to 8k before dumping. Because most drops come with a 61% reaction rally, then 8k is possible. I ran a fib retracement from February 12th to the bottom of the dump on March 13th and found that a macro reaction rally would put us at 8000 which is the .618 fib line. This...

Quinton84

I'm expecting to see sideways movement for the next 24-48 hours in 6675-6800 area before making a climb back to somewhere around 6975. Then i'm looking to see the death cross occur approximately Friday. I will be posting updates of expected targets as we get closer. One could assume that a play to 8k is on the table before falling back through the 7k resistance...

Quinton84

By Thursaday or Friday at the latest, I see a potential death cross forming as the 50 MA could pass down over the 200 MA on the 3 hour chart. I used the 3 hour because it seems to be the most accurate for me looking back at past performances. This next dump could be triggered between the prices of $6750 and $6880. For those unfamiliar with a death cross, a death...

Quinton84

Looking at the daily chart, it appears we have 1 or 2 more days before the rug starts getting pulled out from under BTC. All those who take a high capitol low leverage short will make some great money over the next few days. Position entry should be between 6900-7000 and look to take profits in this order depending on comfort and patience...6750, 6500, and 6300....

Quinton84

Given that we are now in a down trend with confirmed lower lows and lower highs, typically old support will act as new resistance. Now that the stock markets have daily and weekly sale indicators, I don't predict the price goes any higher than 6900 today. I tagged the expected targets for short positions over the coming days.

Quinton84

We just went below our 200 day ema as well as the trending resistance line. Could be the last time we see 7k for a few months

Quinton84

This sudden price jump along with the potential retesting of the previous trend line leads me to believe another good drop is inbound.

Quinton84

i've been using this trend for trading all day with success. With the lack of volume and majority sell pressure and all algorithmic trading, it has been working. just be carefull with longs in case someone dumps.

Quinton84

Over the last 24 hrs, the selling pressure has been about 33% higher than the buying pressure based on data collected from Bitfinex and Coinbase. I don't expect that to get any better through the weekend, but i did notice some decent sized orders on the books for the $6750 area. With the volume being at an annual low, the price should bleed down to those...