what you'd hear if Dundee took a look a this chart.
This broadening formation is breaking out to the upside. To confirm that, I want to see it going fully trough the 3k level. Target inside the chart.
Wedge morfed in an inverted head&shoulder with its neckline leaning to the right. It borke out quite good. Target is mentioned into the chart. You better move your stops fast with this one. Medium term I'm neutral.
It keeps defining boundaries, it is also approaching parabola. Not a good time to trade. I am still betting big on usd.
Parabolic advance likely to resume. You better stay around the corner. New highs for confirmation
Bitcoin going down next week or braking out from the wedge. Actually don't care, I'm full cash now. Only If we make a new high, over 14k, I will enter again.
previous parabola still broken and I've posted it already. This is thing is not tradeble.
I know the typical Mooner thinks the likelyhood of btc mooning is usually in a range between 100% e 5 billions%. I, as a Technical Analyst, must be sure only of what I am able to see: the past. What Past tells me is that parabolas, unless broken, have got a 51% chance of moving to the next upper level, which is around 10k. Whatever Head or Tails, good luck all!
2nd day off the parabola, which means heading toward an 80% retracement. Target is red line just above 4,3k level. I suggest you to buy gradually increasing exposure on the way down if you are a long term investor. If you'r technical like I am. well the answer is simple. Watch the daily and wait for a clear reversal. The most relevant levels are pointed in the...
Altough most of the proes out there are used to wait a retest before entering a long position (I love retests too in specific markets, and when certain criteria are matched), I can tell you that TECHNICALLY retest are the worst thing that can happen during a breakout. It weakens momentum and confidence in speculator. You get closer to where most of the stops are...
Altseasons usually perform during long accumulation periods in bitcoin. Does it means bitcoin peaked? I don't know, maybe, I don't predict markets. On the other side litecoin look like the vagon to jump on right now, with a tight stop loss on the ltcbtc pair. Whenever bitcoin will break out, you'll be ready for a ltc drop
Triangle doens't act as a reversal pattern very often (It is a continuation pattern actually). I will not short it. Next stop is 10k from my perspective. Btc is 'stoping by' every accumulation point during 2017 parabolic advance.
Let's say you are going to trade it, are you short or long? For me it's screwed up, I pass this one.
'Dear Lord forgive me, this is the last time I short Tesla, I promise.' (Me, May 02, 2019)