the1747trader

the1747trader Updated 

As the father of all crypto-assets, I think it's relevant to analyze bitcoin on Father's Day. I wanted to get a perspective of where we are in the cycle and I think it's pretty clear from this view. I was at work and I was playing with moving averages a little to get a clearer picture and ended up with the 17 and 47 which I do not believe are that common (compared...

the1747trader Updated 

Based on 1W 200 EMA and fib retracement.

the1747trader

Based on the previous 2018 low at the 0.5 fibonacci retracement level, I'll be staying out of the market for a while. BTC trending strongly downwards targeting around 16k (again based on previous cycle lows at the 1W 200 EMA). Price is currently riding below the 3D 20 EMA which is historically relevant and signals further lows. Next significant support may be at...

the1747trader Updated 

Minor (recent high) and major (ATH) resistance trendlines in effect. Expect consolidation trending upwards. EMAs are all positive at this point and BTC is trending between the 20 and 50 currently attempting to break the 0.786 (from 10k). Additionally, we have reached a higher high and higher low after a downtrend. Main trendline to watch is from ATH. If I were to...

the1747trader Updated 

Support area based on swing highs and lows after the descending wedge pattern. Moving averages are all positive currently and price reaction to those key areas indicates further increases in price.

the1747trader Updated 

Bullish signs but still in the center of the EMAs. Has not exited the trendline yet but is very close.

the1747trader Updated 

Set my buy order. Predicting consolidation over the next several days before major uptrend. In the last breakout, the 100 EMA was retested and held.

the1747trader

BTC short term looking at 50 EMA/42219 or 100 EMA 36600. Need a big move to confirm reversal. Would not enter without breaking out from the current trendline.

the1747trader Updated 

early target 870, next 790. will play out until resistance line is met in a few days.

the1747trader Updated 

1. Unquestionable swing highs and lows at 13,900 and 10,300 respectively give clear fib levels which line up with the consolidation area at 8,000 in the previous months. 2. The closest support at 10,000 has just been broken, so there is nothing left until the 9,000 support which was established over more points (April 29, May 17, and June 9) and over a longer...

the1747trader

We're obviously not far into the second half of the cup yet but there's a real clean parabolic slope that's taking shape steadily. There is a clear positive trend line that has been followed since the initial breakout sub~$100. This will most certainly be a point of resistance during ETH's uptrend (most likely THE point) and may very well be the support needed to...

the1747trader

Was going to look at ENG/USD but virtually the entire volume is traded in ENG/BTC so it would be more appropriate to do it this way. 1. Out of previous downtrend from early 2018 2. Significant buy volume followed by a further increase in volume, indicative of a growing interest and greater momentum 3. Double top into obvious break from steep recent downtrend,...