daci

daci Updated 

We already went through the 5 stages of grief. Sentiment now seems rather neutral. There is a chance this uptrend is caused by people thinking BTC is like gold, hedging the Corona news. More FUD could therefore easily make the exuberant move outlaid with the green line while a calming-down limits the upside. Disclaimer: I don't think bitcoin itself is really...

daci

I like to watch out for high volume candles on larger TFs as a sign of reversals. Reason being that most people are just wrong - they buy or sell too late. I've highlighted some obvious examples on the chart. As always, it's not a guarantee and I've highlighted where this strategy failed - the first candle that got us over $100. Though I think this is stock is...

daci

Retracement is based on a fractal. For the record, I don't think fundamentals matter much at this point - it's mostly news, rumours and FOMO. Brings back memories of the crypto bubble, huh? The only thing I don't like about this is how crowded the shorts are.

daci Updated 

What I see: - rising wedge inside a falling wedge (bearish) - double top - bearish divergence and overbought on 4h, almost overbought on 1D - most bearish walls have fallen already (not much BTC sell bids in the books anymore), a lot of buy bids bellow - no noteworthy retracement from a >40% gain (this adds weight to the rising wedge inside a falling wedge...

daci Updated 

This is my very long-term idea of BTC, suggesting that 2018 will be a bearish fractal of 2014. BTC should become oversold on the weekly. According to the fractal, this should happen around January 2019, with price around 3k. Remember, bull traps are a fundamental component of a bear cycle, so this time it should be no different. The best trap should be when we...

daci

Bearish: - LitePay failed to launch - under 50EMA Bullish: - BTC is rising ATM - above 200EMA I think a larger move withing the next day or so will determine LTC's near future. However, I am leaning towards the bearish scenario a bit more. Keep an eye on that triangle though!

daci

This would be the finale of a nasdaq-style BTC bubble burst. The sell-offs would become slower, but bounces too. The purple dashed line represents a possible longer term reversal from the ~4-5k bounce and the red dashed line represents the worst case scenario "breakthrough", from a bounce at ~2k. Any proper bounce should happen when RSI is oversold on the daily.

daci

I think BTC will decide where LTC will go at this point, but the bearish divergence is quite apparent nonetheless (not only on RSI, but other indicators as well). If BTC decides to sink, LTC will sink with it. And if it sinks so much that it breaches the 50 EMA "support", it may go down quite a bit more. If BTC breaches and closes above 12k with confidence,...