tradersnest

tradersnest

Good Support at 100 SMA, Not any huge Resistance but we still need to clear the 16,599 - 17,428 area. Expect Bullish action until Monday Jan 8 when we experience the First Quarter Moon.

tradersnest

Watching for a turn at next support level 1.317 however the USD is extremely oversold but also weak as a newborn kitten.

tradersnest Updated 

Bitcoin has respected the 50 SMA on the 4 hour chart every time it has touched it. Today 12/19 it traded thru the line. This candle has yet to close, however you should anticipate price to fall to the 100 SMA and the 2/1 Gann ratio. Be ready to add to or initiate your position on Christmas Eve for the First Quarter Moon and extended Christmas Rally. Expect...

tradersnest Updated 

The problem analyzing this pair is their is very little support for this pair due to the fact that it has been in rocket mode for the last couple of months with no meaningful correction. Well, we have one now... which will all become more clear in time. I'm looking for a bounce from today because this is the best scenario for support we have without trading to...

tradersnest Updated 

If todays low holds, it should produce a new channel. Last Quarter moon is today 12-10 Price should be Bullish till New Moon on the 18th.

tradersnest Updated 

So much talk of "CRASH". BTC is overbought and following the upper Fib Channel. Hard Fork may produce the push to higher levels before any meaningful correction. There is no resistance to a market making new highs. Projected Target between 8078 and 8122 the 1.618 projection from the September low. Stay long as more clarity develops each day. Sellers be very cautious.

tradersnest Updated 

BTG appears to be breaking out of Bullish pennant. Trade from lower time frames.

tradersnest

Triangles can produce huge wins in Currency/Coins. This is a classic formation with good risk to reward. Place stops below previous lows. Enter trade on lower time frame after closing above pennant top. Good Trading to all.

tradersnest Updated 

Proprietary Formula calculates Friday as the High (plus or minus 1 day) Fibonacci Extension Projects target just shy of $8000.

tradersnest Updated 

Bearish divergence is in place, traders should be cautious. New Resistance at ATH and upper trend line. Volume is somewhat low for the type spike over the weekend. Holding long position for more clarity.

tradersnest

After a clear 5 wave pattern, achieving heights of 1.618 BTC is certainly due for a healthy pullback. The only close support is at 23.6% retracement.

tradersnest

Common TA in all securities for the 38% retrace to be a safe profit level.