diederikdehaas

diederikdehaas Updated 

It does not happen that often, but my previous analyses was really right on the mark. I called the bottom pretty much exactly when it happened (writing Idea takes time, otherwise 4h screenshot would've been taken earlier) and we rebounded to $11.8k where I predicted $11.4k. And I saw that the price broke out of my trend channel it then exceeded (slightly) my...

diederikdehaas Updated 

In my idea "BTCUSD at major resistant point" I talked about the Cup & Handle formation and that the target was $5500 and we've come very close to that now. In my idea "BTCUSD at important support levels" I wrote the following: "So that leaves me to think that the rebound will be just another dead-cat-bounce. That I haven't noticed much (or anything) negativity...

diederikdehaas Updated 

We have now arrived at the 200d MA and the momentum indicators are quite oversold right now. We're now also at the bottom (actually a bit below) my downward trend channel and another Fibonacci support level is also close by. Also various known/famous Technical Analyst predicted a price target of $7500, which probably various people will use for getting back into...

diederikdehaas Updated 

Bitcoin on Bitstamp has arrived at multiple important resistance levels. It first broke down on an inverse Cup & Handle formation, went all the way down to my first Fibonacci level and it's now bouncing up. And now it has arrived very close to that inverse C&H's neckline (little under $12700) while also coming close to the downward trendline over the most recent...

diederikdehaas Updated 

After my previous idea about Head & Shoulder pattern on the 1h chart (linked below), there's now the same pattern forming on the 4 (and 6) hour chart with a top at $4480 and a neckline on $3930, making for a target of $3380. The momentum indicators (RSI/MACD) continue to weaken, making me think a further correction is coming. With all the uncertainty regarding...

diederikdehaas Updated 

My first time publishing a review/idea, let's see how it works out :) Last couple of days I've seen several times that what once was support became resistance on the hourly chart. Combine that with the momentum indicators showing a divergence for some time now, ie price making new highs, but RSI/MACD not, but instead making lower highs and lower lows. And now...