hhhhong

hhhhong Updated 

Last time, I expected two scenarios and.. Bitcoin is now fighting with heavy resistance level. But I think this level has high risk. 1. Really heavy resistance level If Bitcoin want to go up more to 10000 level, I think Green Big upward candle is needed like 12, april. Actually, it is not easy. 2. Stochastic level If Bitcoin can't go up again, stochastic will...

hhhhong

At this point, I think 2 scenarios for Bitcoin. 1. Yellow line Two types of stochastic are now going down. It can be go up once again but there is a signal for divergence. If Bitcoin goes down, yellow circle area could be support level because of Red and Purple MA line. 2. Blue Line Stochastic can go up once again. In this case, there is a strong resistance...

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I analyzed Bitcoin based on Harmonic pattern usually. However, it seems like totally reverse arrangement of MA, 20, 60, 120, 240. MA arrangement of last year is opposite. In this case, those MA line could be resistance level so that it is really difficult to make super bounce. I think touching 20 and 60 MA line is the first step to go further level. In aspect of...

hhhhong

It is not original Bat or Gartley pattern, but I can predict a little rise based on Stochastic. However, there are many resistance line, 60/120/240 MA. At this time, Bitcoin is in 60 MA line. If Bitcoin get more buying trend, we can expect Bitcoin will be in the rectangle area. The harmonic pattern could be Bat or Gartley. In aspects of long term, Bitcoin needs...

hhhhong Updated 

BITFINEX:BTCUSD is slight going down now. As you can see, if BITFINEX:BTCUSD is supported at 8000, we can expect Gartley or Bat Pattern. The bounce from 7200 is not enough to penetrate 20 MA line. For going through this strong 20 MA line (Blue), BITFINEX:BTCUSD needs a more powerful energy. If this prediction becomes true, we can expect BITFINEX:BTCUSD ...

hhhhong

In these days, I analyze BITFINEX:BTCUSD in aspect of Harmonic Pattern. However, I think the most important signal is Moving Average. In the left side, it is today's BITFINEX:BTCUSD chart. As you can see, MA arrangement is not good. A year ago, the right side chart, BITFINEX:BTCUSD 's MA arrangement is really good. 20 MA > 60 MA > 120 MA > 240 MA This...

hhhhong Updated 

Last time I talked about 7200 level of Bitcoin in Harmonic Pattern. I didn't believe this at the first time, but it became true. In this time, I analyze Bitcoin in more long term view. In Harmonic Pattern, Bitcoin is now in another Bat Pattern. However, this scenario could become true, Bitcoin need to be supported at 7000 level. By using other Harmonic...

hhhhong

In the aspect of harmonic pattern analysis, this shows the ideal Bat pattern. If Bitcoin is supported at this level, it would be going up to 11000. Let's see how it works or not!!

hhhhong Updated 

I thought the worst scenario about Bitcoin. However, it is too early to scare. I am pretty sure Bitcoin will not. I just think it is the time to trade alt coins if Bitcoin sidle along. In this time, I want to share the idead of BITFINEX:BCHUSD . Actually, most alt coins are similar to BITFINEX:BCHUSD chart, Inverse Head & Shoulder. However, every alt coins...

hhhhong Updated 

Today, BITFINEX:BTCUSD could not beat the red resistance line which is Inverse H&S neckline. If BITFINEX:BTCUSD could not be supported at the two green support line, we should consider the most serious scenario. This idea shows the ideal bat pattern. I hope this analysis would be wrong but we should consider various strategies for some scenarios.