eddicus_rex

eddicus_rex Updated 

Price is once again back at the yearly pivot and support should be very strong. I don't know if this is a buy yet, or if we'll get a break down. PA for the last few months does look ominous, although if one wanted to buy, a fairly tight stop could be placed below the pivot. A break below though could bring an extended bear run. My hunch is consolidation around...

eddicus_rex

Record longs on BFX and shorts are at a minimum. Should be interesting.

eddicus_rex Updated 

It's pretty simple. On BFX, XBT has not failed to hit the yearly pivot in all available years going back to 2014. Look for price to approach near 8100 in the coming months. From there it's anybody's guess. My guess is back to the 2020 pivot, which in all likelihood will be lower than 2019 pivot. Consolidation and then advance in 2020 and beyond. Apologies to the...

eddicus_rex

Sometime over the next two years, this is going to break. Odds are when it does, it's going to be epic. Given the bullish divergence and strong support below, I'm guessing up.

eddicus_rex

Bitcoin broke out of the downtrend channel and a lot of people are reasonably pumped... however a note of caution is necessary. Looking back at the past downtrend which began in December 2013, we notice some distinct similarities to what is unfolding currently (even the dates are surprisingly correlated). As in late '13 - early '14, price broke out of the initial...

eddicus_rex Updated 

Looking for price to grind around and slightly up over the next couple of days. Will get close to the monthly pivot and possibly retest the broken upward trend line. Caution around the 8500 level... I believe more down in the future. During the 2015 downturn price came down and tested the yearly support. For 2018, support is at 3039. Will it get there? I don't...

eddicus_rex

A moment of truth seems to be approaching for BTC. Price is nearing the end of the triangle. I'm leaning towards another move up to possibly re-test the highs and perhaps continue on. A break of the lower trend line would go on to retest the lows. The bullish rounded bottom of the cup makes me think more up than down but still a bit too early to tell. Good luck all.

eddicus_rex Updated 

While I think it might be a bit too early to go short, weekly renko indicates a possible top. I've reduced long positions and may enter a short position upon confirmation on lower time frames. Good luck everyone!

eddicus_rex

This could work well for those patient traders out there...

eddicus_rex Updated 

Zcash appears to have broken out of its downtrend as indicated by the purple line. I wouldn't expect it to go back up however immediately. Look for any buys at around 0.05. If you can get some below 0.05 that would be a bonus. Some range trades may be at play for the next couple of months. Hopefully, by the end of this year or early 2018 barring another...

eddicus_rex Updated 

So for the third straight time, BTC bounced off the upper end of the channel and has come down and hit the monthly pivot. It still could blast through it but for the moment it looks like its going to hold. After the dust settles and retraces, there may be some range moves, but barring some major fundamental news, BTC will likely keep within this ~6300 - ~8900 ...

eddicus_rex Updated 

Dark green solid line indicates the cup. Dark green hashed indicates a possible handle forming. No open positions at the moment. This will likely take a few more days to play out. I will be looking for a break up past the downward sloping "handle" once it takes better shape, but I am currently keeping an eye on the PA here.

eddicus_rex

No margin, averaged in at approx .002. See if we can't get a lift off on this. Check back in a couple of weeks.

eddicus_rex Updated 

Looks like it's coming down again and approaching the 200 MA. Area acted as firm support earlier in the month but a clean break (below the .015 area) could see this drop away. Next clear area of S/R is down at .007-.008. Orders set on Bitfinex at .019, .02, and .021. Currently .019 filled not sure if the others will. Initial target is .007 but will close if it...

eddicus_rex

Hopefully it will be swissies being eaten

eddicus_rex Updated 

ETH appears that it might be topping out and a drop could be in store. However, this could be a bit premature. I'll be waiting for divs to set in on the daily chart, like in early March, and similar patterns should also formulate on the four hour chart. Look for a drop and another move up over the next seven to nine days. This would, coincidentally, line up with...

eddicus_rex

Longterm play to the upside.

eddicus_rex

ETH might still have some more upside to it yet. Price has been bouncing around in a fairly narrow range since the end of February and now into March. The four hour chart, not shown, shows price heading into over bought so price may drop down again in the near term. The 200 MA on the four hour has been acting as steady resistance for the last couple of move downs....