Reference the chart to see the 2-day historical volatility index squeezing quite hard here at a major support. We are either about to see a BIG move up or a BIG break of support into a move further down.
Personally, I like to judge the incoming direction based on current market drama.. crypto traders love to give reason for moves AFTER the fact.
While BTC fees...
You can buy the BTC pair, or you can buy USD pair. I would put my eggs in BCH-BTC though.
If Bitcoin sees a crash due to high fees and long confirmation times, BCH will really shine versus it.
Best case scenario is a Bitcoin Cash pump WITH Bitcoin... but either way, the chart's setting up well. MASSIVE multi-month pennant forming here with measured move to the...
Price action and volume profiles matching up very well. I'm expecting next couple of weeks to give us phenomenal volume.
I'm seeing a lot of mixed feelings in the market. The inverse head and shoulders people calling that the bottom is in, and the naysayers saying too many people are bullish. Here's the thing: the dumb money will win sometimes, so to...
Hello guys!
As you can see, we nailed our prediction for a drop. Now what we're looking for is a slow decline to the .382 fib retracement area. I am NOT counting that wick above our 1, as it was clearly a bulltrap, and we did not close anywhere near it - Hopefully you did not get trapped. :)
It seems that the fibs are being much more respected (actually to the...
I changed around some numbers for Bitfinex traders.. gotta love Tether.
I expect we continue from my previous idea here: . The recent pump has NOT changed ANYTHING until we can manage to break the red line on that chart, until then I will only be adding to short positions. However, if we do manage to continue the climb price, I will have to reconsider my...
I expect we continue from my previous idea here:
What we're looking for is a nice bear trap down to the .382 fib. I expect us to break 3500, but it's very important that it's not for a long time. If we stay under the .382 for more than 24 hours, I will be closing longs, and looking for entries around the 2.8-3k level.
However, a drop past the ~3350 level is...
This is a very basic idea for a short. SL around 4070. A break of 3775ish area will spell panic for anyone long. The double top was suspect, and could mean we go higher.
The risk is relatively high on this one, but there is a very good chance we re-test lower before really pumping bitcoin.
We need a little shakeout. Let's see. They might want another round of...
Hello all,
Getting euphoric yet? This pump was designed to get new traders and highly leveraged traders to enter very risky Long positions. The volume on the last pump was very indicative of a 'push to fill'. I'm not saying it was 100% to fill large short positions, but it definitely seems like the case. Shorts STILL need to test the 3.3-3.5k area before...
A clear rejection of 3.8-4k was expected in this scenario. We will be waiting until price reaches the last congested area of 3.3-3.5 before we will be entering back into longs. There is a very easy stop-loss near 3.3, so the r/r is healthy. I'm looking for more expensive Bitcoin before this rally is over. You may be surprised at what prices we can accomplish on...
Bitcoin is having similar price action to what it had in beginning of 2017 bull market, except this time to the down-side. Expect some hefty 30-40% buy wicks in this range.
We are sitting in the lower bounds of our exiting range. Keep a close eye on bitcoin price.
Bitcoin is having similar price action to what it had in beginning of 2017 bull market, except this time to the down-side. Expect some hefty 30-40% buy wicks in this range.
We are sitting in the lower bounds of our exiting range. Keep a close eye on bitcoin price.
Bitcoin is having similar price action to what it did at beginning of 2017 bull market, except this time to the down-side. Expect some heft 30-40% buy wicks in this range.
We are sitting in the lower bounds of our exiting range. Keep a close eye on bitcoin price.
Areas circled producing very similar price action. Expect to see 1-2 ~40% moves in this range. We are in the lower range of exiting prices. ~$3100 local bottom is not confirmed.. yet! As you can see, in 2017, we made slightly higher high before the selling wick. Exact same price action (except being the inverse) to what we're seeing currently in bitcoin.
Let's...
