elitealpha

elitealpha

The descending triangle did not hold Bears are in control for now Things to watch out for: Break of support to the next target $ of ~$7500 The 1 Fib is being tested (doesnt seem it will hold though) RSI and Stoch are oversold so we might see a some buying pressure but not much

elitealpha

We have a descending triangle forming (too early to tell) and a overall falling/descending wedge (bullish) It is also testing the 1 Fib If this breaks then watch the test or breakdown of support Overall, I would wait until I get more confirmation to jump into the buy

elitealpha

We have the descending wedge forming at the moment Plenty of volume picking up Watch out for: The support and resistance areas The BO of the wedge Testing the .786 Fib as we speak

elitealpha

We have a symmetrical triangle forming Wont be able to confirm until we have a clear BO or BD Things to watch out for: Test of the .786 Fib Support and Resistance areas Still below the Ichimoku

elitealpha

Bitcoin is taking its time, so no major movement yet It needs to either BO or BD for me to have more confirmation to sell or buy Things to watch for: Resistance and Support areas The descending triangle is forming The long channel which seems more bullish Overall action steps: Being patient and seeing where the market goes and riding the trend if Bitcoin BO or BD

elitealpha

Bulls still in control Battling the $8200 price mark If bulls can win, we will see $8666, if not then $7900 Things to watch out for: Volume is still good Above Ichimoku cloud Watch for the break of support and resistance Pennant is formin (most likely bullish)

elitealpha

As from previous TA, $7500 was well tested, now is support Resistance is now at $7900-$8k Things to watch out for: The bull flag channel broke Bulls are taking the lead for now If bulls can break $7900 then $8600 shouldnt be a problem Watch for the break of the rising wedge to test .5 - .382 Fib

elitealpha

Bitcoin is rising and while alts are dying, very rare but it happens Things to watch out for: -Forming a pennant (mostly bullish) BO is likely to happen today -Testing $7500 resistance -Next target is $7800

elitealpha

Bitcoin has been holding $7300 very nicely If this keeps going $8k should be no problem If it breaks, then $6800 is the most likely the next support Things to look out for: - Keep an eye out for the possible descending triangle Or flag pattern (depending on the BO) - MACD buy signal crossed

elitealpha

Bitcoin did exactly what the Inverse H&S said it would do If this bull move keeps going $8k should be no problem Plus right now the fundamentals and market analysis are doing great with banks and institutional money wanting to invest in Bitcoin Here's what I am looking at: -H&S completed -Above Ichi cloud -Testing .786 Fib -Major Resistance at $7800 -Major...

elitealpha

We could be forming that right shoulder on the Inverse H&S if we do, then expect a bounce back to ~ $8k And then most likely one more leg down So far $6300 support has been holding quite well Things to watch out for: -Above Ichi Cloud -Broke the descending line -Broke out of the ascending triangle -Testing .618 Fib

elitealpha

Looks like $6200 Support is holding pretty well Things to watch out for: Testing btw .5 & .618 Fib Ascending triangle had a BD Next Support is $6020 If the Inverse H&S completes - most likely see a small bull run The Inverse Head and Shoulder is still valid as long as it holds above $6150 - If the Inverse H&S completes, we can see a run to about ~$7800-$8k

elitealpha

Bitcoin broke the $6200 Support $5k is now even more likely Things to watch out for: Testing .618 Fib Ascending triangle had a BD Next Support is $6020 Resistance $6200 If the Inverse H&S completes - most likely see a small bull run

elitealpha

Seems like we are fighting that $6700 number for quite sometime Overall bearish and still see at least 1 more decrease for Bitcoin > possibly testing $5k and if $5k doesnt hold, possibly $3k The rising wedge had a break down > possibly testing $6200 this week * Be a little more patience, I would do too much at this moment * Best to stay in FIAT and buy back the dips

elitealpha

I love silver more than gold...WHY Well looking at the chart and technology, gold is very manipulated and silver is almost 10x less than gold Plus not to mention 1 oz of silver will get you 6 months of food in Venezuela, not that you are gonna go to Venezuela. Right now it still needs to complete the weekly rising/ ascending triangle. I would not be buying...

elitealpha

Ethereum took a hard hit just like the rest of the market. The great thing about ETH is that it has a higher % gain than Bitcoin since it's still within the 3 digits and doesnt need much to push it Still holding my target at $380 - Forming a channel (most likely bear) - MACD signal sell signal crossed - Watch for the trend - If $454 doesnt hold, then $365 is...

elitealpha

Bitcoin has a good 10% drop due to some exchanges and FUD. What's new. Im still optimistic (depending on how you see the picture) for $5k still - Watch for BO or BD of rising wedge - If we break BD (most likely) $5924 is my 1st target > $5723 - Overall, I am still bearish til around $5k - Im waiting on the side lines and not buying or selling - Tested .5 Fib,...

elitealpha

Well folks, Bitcoin is doing what Bitcoin is doing. Slowly just sliding down the grinder. I really thought we would have broken $7k by now. Like I say, the market does what i wants and my opinions dont matter. Read the text on the charts and watch for the trend lines and support/resistance. That's where I have my money on. *Tip: If we keep going sideways...