blackbird307

blackbird307

Seems to me were at a turning point. S/L @ $18,500. This would be a likely Wave C completion point imo.

blackbird307

Uptrend has not been violated until today. I will consider this a more longer term sell signal once $90 is broken.

blackbird307

Weekly RSI has been very oversold for too long. The probability for a breakup increases every day, and it looks like we have found alot more significant support here than was expecting. Have already broken up on a 4 month down trend.

blackbird307

We haven't had a notable liquidation event in awhile. So I would think we may be due for one soon. Buy order set for $100 on break of support.

blackbird307

Right now it appears that although Bitcoin has made new highs, it hasn't made much substantial progress from there. On the weekly the Long term Stoch RSI has only begun curving downwards from overbought area painting a bearish bias. However, the daily is currently sitting in oversold territory, this also suggests there is a chance of price increase in shorter...

blackbird307

Hold for 6 months or enjoy your profits and buy back later. Expectation: Some sort of bounce. Reality: This

blackbird307

Pretty self explanatory chart. 1st target @ ~300 Do your own analysis.

blackbird307

If you neglect the large sell off yesterday, Litecoin appears to be forming a bearish rising wedge, higher highs and higher lows. This should mark the beginning of a sell off. To further support this idea, litecoin has also approached the top of a long term trend channel. Not shown in this chart, litecoin is currently at the top of another shorter time frame...

blackbird307

Litecoin may re-visit lower span of channel before continuing higher, testing and finally surpassing ath. There also lies heavy support. My re-entry target is ~210-220

blackbird307

Unless the movement turns around here, I can't see any prospect of retesting old highs until price drops to $140-150. Buy the reversal when it comes I suppose.

blackbird307

Heavy resistance at $200 USD. If break down, perhaps ~25% drop. I might be going against the grain of the wood with this one, as most people seem to be bullish right now. Keeping an eye on this one.

blackbird307

A quick chart after being inactive for a few years. "$300,000? You're out of your mind!". I remembered when people were baffled when bitcoin made it to $1000. The bitfinex weekly time frame shows a really nice clean channel over the last 7 years that almost fits perfectly. I bet if chart data went as far back as early 2013, we would see the $260 price movement...

blackbird307

One last drop before things start turning around perhaps.

blackbird307 Updated 

Appears to be forming a continuation pattern. Next major level of support to be at 3000$.

blackbird307

Green uptrend with small darker green band has proven to be a consistent and reliable buy area, unless of course it breaks in the near future. Smaller faded yellow line is what ill suspect to be support if breakdown.

blackbird307

Approaching lower span of linear regression channel.

blackbird307

Crazy idea, not perfect