BITSTAMP:BTCUSD Support and Resistance Trend lines.
Self explanatory. If we use the last 3, largest retracements as a guide to pinpoint where BTC may be headed, then look no further than price to decline toward $2270. This is likely a worst case scenario, but not unlikely IMO . I'm more hopeful the market decides to keep BTC stable and up before such a retrace would take place. Note: NOT TRADING ADVICE,...
Throughout BTC history, the established support trend line from Aug '15 has proven to be a very important one for the Bulls. For 4 years now, we've seen multiple retests and Bull continuation moves started from it . The run up to $14K in 2019 was certainly a good example of the strong support, given that BTC just retraced 84+% from ATH ($20K). Now as we...
On Oct 25th, it was clear there was significant bull divergence playing out that would push BTC to the upside. Noted here: www.tradingview.com and www.tradingview.com Thus far BTC took off and we've since retraced to .886 of the prior structure high before the BIG down move end of Sept. Given the currently weekly chart CCI and Stochastic, it would appear...
This is merely a contrarian view to the current Bull run. I'm more curious to see how this scenario would play out _IF_ Bitcoin should decide to correct lower. Let me be clear, I DO NOT want BTC to reach these lower 2017 levels, but again, it is foolish to believe it couldn't! Bitcoin and crypto markets are volatile when considering the players involved. Good...
Watch for breakout above neckline to enter the trade for Target 1
While we wait to figure out BTC direction, here's several support trend lines beneath that could possibly be a pit stop if there were plummet by shorts. In addition, I've noticed there is a huge triangle that may play out ABCDE.
COINBASE:OXTUSD Another big selloff occurred from $.36, so how many Bull creatures were able to escape? We see an engulfing bullish candle occurred at .786 retracement, so someone still has interest as it bounced 3 times in the region. If most of the selling has already occurred, I'm looking to see OXT bounce up in between fibs and resistance for a scalp...
Charting what I see in the mid term TF. The harmonic is a Deep Bearish Crab, validated at 1.618, however the CD leg PRZ could reach higher to 2.618.
Historically, when RSI is oversold on the Daily and Weekly charts, expect a bounce to the upside. In conjunction with THIS oversold condition, the 233 EMA (yellow line) has acted as great support for bulls, especially at the end of 2018 Bear market and beginning of 2019 Bull run to 14K. It's important to note where the 233EMA is located also mirrors that of the...
NYSE:GE Go ahead, my flame suit is on! :) Rising Market - Triangle Correction Pattern Trade: Long in 2019 Sell in Mar 2026 Long in Sep 2028 - Ride this pony until retirement or gift onto your family. NOTE: Not investing or trading advice, entertainment only!
Noticeably the 89 EMA has crossed under the 233 EMA. Last time this happened in 2018, we saw decline and some significant bounces in those 5 months along the way to capitulation toward $3K. What worries me more about today is that all of those EMA's are converging quickly in a momentum swing downward with what appears a much higher pitch than before. In essence,...
Zone TL's match the Fib retracement areas. Let's see where a BIG bounce comes in should we get it.
I'm just going to put this out there. Clearly, massive divergence playing out on larger time frames. I don't think this will end well so here's my buy back targets. Yes, I'm well aware markets can remain irrational longer than one can stay solvent. Hedged and watching with Popcorn. :) NOTE: NOT TRADING OR INVESTMENT ADVICE. ENTERTAINMENT ONLY!
In my humble opinion, ETH appears easier to chart bigger moves than BTC has been. Crediting less trade noise in my observation. The last time I charted ETH, it was clear $3400 BTC was a buy... and it WAS! This time, I'm looking at what might happen with the BTC descending triangle, while others see it as a descending wedge or bullish pennant... See what I mean? ...
TVIX appears to like the .5% retracement levels of previous High/Lows. Looking at this setup, that would put the take profit right around $48 for this move. Good luck! Note: Not trading or investment advice. Entertainment only.
Very early to tell just yet, but WHAT IF this is an ascending triangle in the making? It would cause MAX pain to shorts and longs with $1K spreads in the fractal patterns. Note: Not investment or trading advice. Entertainment ONLY!
BITSTAMP:BTCUSD Here is what I'm seeing on the triangle. Breakout should be after E, HOWEVER, the daily Bear divergence is massive. I'm waiting for confirmation before entering here. NOTE: Not trading or investing advice, entertainment value only. Cheers!