pipcookiemonster

pipcookiemonster

Possible short set up forming on NZDUSD. Break of Bullish structure completed last week identified with red boxes. The initial break retraced sufficienty, gave us a sell signal and completed it's fib extension. We are looking for the continuation of the newly formed bearish trend. We will look for signals within the highlighted orange box. This correlates with our...

pipcookiemonster

This graph shows the previous correction cycles that bitcoin has experienced. Given this data, I personally believe this current bear market could extend for another year, going well into 2019. This also shows that bitcoin has experienced 80%+ retracements in the past, which is normal market behavior for this asset. Bitcoin has recovered from extended corrections...

pipcookiemonster

Unless the previous lower high, from market structure, at the 9.8 k region is broken, the daily trend is bearish. Price just created a new lower low and we are now seeing the retracement between the 61.8 and 78.6 Fibonacci level. Will need to look four reversal patterns on the 4 hour chart, more than likely around our the monthly level at 9.2k . If the market were...

pipcookiemonster

BTC After price rejected the 61.8 level and continued its bearish extension it bounced a little bit between the other fib levels. Then price broke the major level of 7924. With lots of bearish momentum and a major level break, I am only looking for sells at this point. For the upcoming days I would like to see a bullish pullback back to my major level giving a...