As described, we are repeating july senario - expecting us to retest lows. Please see supporting chart
As charted. Short on time today let me know any questions in the comments.
Please see chart, its all there ask me if you have any quesitons. I am currently in cash until we break 4.1k
LTC has broken to the upside out of the Inverse H&S. A much clearer, clean chart than Bitcoin. 61.8% retracement of the move down = target of 43$ Target of H&E = target of 43$ 1.61 Extention of the H&S = 40$ Technically you could wait for a better entry in terms of risk,waiting on a retracement to the neckline if you wish to be risk averse. Im long from the...
Bitcoin is currently locked in a stalemate having found its legs in the low 3ks and initially breaking, we have been meandering between 4k and 3.5k. 4k appears to be an area of short interest and bulls dont seem to want to buy in until there is some decent volume over 4k. We are stuck aound the volume point of control around 3750-3800.. mid point of the...
Divergences and TPs as shown.
About to have a proper back test of critical level at 3.5k USD
Expecting novice traders to be chopped out on the way back up in the exact same way they were on the way down. Herd will lose.
If Bitcoin is a bull i expect AB=CD Fail to break resistance or find support in the suggested zone and its likely we will extend to 61.8 which is 3k
Im of the opinion we are about to gt the answer we have been waiting for good or bad. Volume is against BTC - trend and support is in favour. I dont know but i do believe we will come out fighting on the other side for vaious other reasons if you follow my most recent twitter threat. twitter.com Check linked posts for other relevant charts.
KEEPING AN EVE ON THIS OVER THE WEEKEND. lOOKS LIKE ACCUMULATION AT THIS STAGE AN OPTIMAL ENTRY WOULD BE ON LPS / RETEST OF 4575 THOSE MORE BULLISH WOULD BUY ON INITIAL BREAK OF 4600. STOP 3985 TARGET 5400
The Cryptocurrency market closed on a high last week with all major cryptos finishing the week on a green candle. A reasonably strong close for the first week of November has many analysts once again facing the question if the bottom is in. Here we take a look specifically at the market leader, Bitcoin (BTC) $6427.78 +0.14%, to see if an end is in sight for the...
As presented. Interesting to see that we have regained 2008 value, net of money increase.. which is where we have run into resistance.
Uncanny similarity for the start of EOS to that of ETH. It is important to remember that there are 9x the number of coins circulating, so to achieve the same kind of prices, the market cap would need to be c. 9x of what ETh's was at its peak early 2018. Improbable but not impossible. Given that EOS made significant gains in a bear market, i would suggest that if...
PSY—preliminary supply BC—buying climax AR—automatic reaction ST—secondary test SOW—sign of weaknessw UTAD—upthrust after distribution. Phase A: Phase A in a distribution TR marks the stopping of the prior uptrend. In a redistribution TR within a larger downtrend, phase A may look more like the start of an accumulation Phase B: The function of phase B...
Bitcoin remains trapped in the range around $6400. Trade the range until we break. Entry Stops on the lines with TP indicated. Im net long Bitcoin. Equities dumping and bitcoin remaining stable is a bullish divergence.