cerncris

cerncris

Btc tightening again after recent drop. Could serve as some comfortable scalping. Need an upper break of this channel for test of 6k+ resistance.

cerncris

Coinbase announces ZRX will be listed and the price skyrockets (16%) Coinbases announces that ZRX will be first available to deposit only on coinbase pro so that the orderbook is populated. People deposit their ZRX and most likely sell to obtain profit when trading begins (with volatility). ZRX consolidates for a while and then is announced to release on iOS....

cerncris

If break support expect ~5100 - ~5500 If break resistance for weekly bull break expect long term (swing) bull movement with long term high of 10-12k.

cerncris

Enter for a break above the head (top of bear flag ~6820 ) to clear to at least 7100. Break of 6120 would be catastrophic. Could see 5700 level and further downside.

cerncris

Could retrace for months to as low as 5-5.5k stable pricing and still be healthy bull market. Would expect a reversal sooner than that though. Looking for upper channel break.

cerncris

Have been in a swing trade since reversal. Waiting patiently for a bull break to continue swing position to 13.5-13.8k. Reassess upon break of support (green) and at target.

cerncris Updated 

ETH showing support and bull follow through. Not necessarily inverse relation to btc, bulls could follow thru with btc strength as well.

cerncris

Potential large scale C&H on btc. If bull follow through, expect upper 13k resistance. Next target below 8800-9200 support is 7800. Risky times.

cerncris

Waiting for break of cup, looking for continued consolidation.

cerncris

Possible H&S pattern forming. Could also be an equilibrium pattern bear flag looking for continuation. Careful trading, let's hope she breaks up!

cerncris

Poor support established on meteoric rise. Correction seems to be inbound. Support levels and time series based trend lines generated from TA and QA. TA includes elliot wave theory, top analysis, fib levels. QA includes stochastic control process algorithms + brute force path optimization with reinforcement learning. Could be dead wrong, but maths and history...

cerncris Updated 

The excellent Chicago CME group news has pushed BTC to extreme heights. It did so with little resistance and thus formed little support on the way up. Now we see the bull volume and interest has come to a climax and it begins to dissipate. Low liquidity and scarcity of coins on several exchanges has allowed BTC to reach very high levels and a correction is due...

cerncris Updated 

Likening Ethereum's rise to that of a tech start up: we see heavy interest from investors with tons of good news and updates to the platform pushing eth to all time high >>> investors become aware of scaling issues with ethereum and bitcoin hard fork drives fear and speculation so the dump from all time highs begins >>> bitcoin regains strength and pushes for and...

cerncris Updated 

H&S as an indicator vs. predictor. Zoom in for more details. Outlined some possible H&S psychological patterns. I hear this term a lot and I see it appear often on all timeframes. In my opinion, it is hard to advise acting on this psychological pattern as the pattern forms. Hoping for the completion of a H&S pattern or basing a short/long during the formation of...

cerncris

trendlines im looking at for a breakout

cerncris Updated 

Big things soon. LTC breakout coming with good risk/reward depending on entry.

cerncris Updated 

Bearish return to market and failed bullish pattern could signify another elevator down in the short term.

cerncris Updated 

Bear daily closure on 9/20, but continuation pattern based on assumption of reversal to bull market >> could see more stair stepping back to previous highs as resistances are slowly shattered, and supports are slowly formed.