thomasvandenabeele

thomasvandenabeele Updated 

I'll be brief: that's a pretty significant downward channel, since september 2018... As long as we're in this channel, I'm short on ETHBTC.

thomasvandenabeele

FCTBTC has been extremely boring for the past few weeks, bouncing around in a range between 0.00146 and 0.00184 with no decisive action up or down. No way to tell how this will unfold - it might keep showing the same boring behaviour - but FCTBTC is starting to become one to watch again. If price moves above 0.00184 even failing to make a higher high and getting...

thomasvandenabeele Updated 

Not too much info needed here: we're heading towards a squeeze that will decide about three key resistance levels: - on the shorter timeframe we have .887 retracement at around 1497 sats - on the longer timeframe we have .887 retracement at around 1485 sats - and of course, we have 100% retracement at around 1432 These are the levels to watch in the next few...

thomasvandenabeele

Well, it's been a looooooong and boring time since I last posted here about BTSBTC, and I guess we are finally at a meaningful point. Looking at the chart, it's not a question of wether or not the fib channel is valid or not, because it obviously is. The million dollar question is: will we stay inside the fib channel or not. If we stay inside the channel, we...

thomasvandenabeele

Since a couple of charts I've been bearish on BTSBTC, in spite of the price moving higher over the past 2 weeks or so. I'm confirming my "Messy Macro View" idea here: there's a strong downwards fibonacci channel at play here, and very little to be excited about in the crypto market. As I've said before, everybody is basically waiting for everybody else to start a...

thomasvandenabeele Updated 

A little close-up action: will BTSBTC stay inside the Fib channel shown here (so move down towards 1500 says) or break out through the top? Bear in mind that, on a larger scale, we have been dancing around the same trendline of another (larger) fib channel for a day or two now. Decisive action will come within the next 24 hours.

thomasvandenabeele Updated 

A close-up to support the idea I just posted, of what might be a last 5-waves down. If the fib channel plays out, we'll see a move up to the 50% line around 1760, and then a move down. Support to break is around 1350 (big significant previous low), and if we pass the that point people will dump their BTS and we dip down to 900 sats levels. Or not! As always,...

thomasvandenabeele

Here's something new: a bearish count from me for Bitshares. After countless wrong counts on the long side, the pattern unfolding seems to take a clear shape for me. But who knows, I might be wrong again! :-) What I'm seeing: a market where everyone is watching everyone else. Everybody's trying to make a speculative buck (myself included) and waiting to jump on...

thomasvandenabeele Updated 

Interesting times for Bitshares and the whole cryptospace in general. I have two big questions at the moment: 1) Will we find support on the green or the red trend line? 2) Have we completed an ABCDE correction?

thomasvandenabeele Updated 

Fib channels are tricky beasts: just when you think the placement is clear, something drastic happens to the price and you notice you were wrong all this time, and the exact same price action seems to perfectly fit another channel. For now though, the price seems to work well with support and resistance lines in this fib channel. That would mean we'll see movement...

thomasvandenabeele Updated 

Just a quick in-between chart: these are the trend lines I'll be watching over the next few days. The top red, green and blue trend lines are drawn from the past peaks over a long timeframe, to gray bottom line is the long term support line. So, key things to watch: will value drop down again, and if so, will this go up to or down beyond the gray support line....

thomasvandenabeele

There's a lesson to be learned every day! For me the lesson is: always "cost average" into a position. I was too lazy to ladder in, so I bought at the .618 retracement, and unfortunately we dipped deeper. Putting it more correctly: unfortunately for me, because for those who didn't buy Bitshares is on sale today! We've briefly dipped below the long-term support...

thomasvandenabeele

Bitshares to Bitcoin is racking up one bullish signal after another! Today we're seeing a nice divergence on the 1-hour chart, indicating trend reversal around the corner: trend line connecting lower lows is descending, but the MACD, RSI and RVGI are all putting in higher lows. As always, there's never security in TA, but the list of bullish signals is getting...

thomasvandenabeele

If this hammer doji remains for the next hour or so, we have a nice bullish reversal signal.

thomasvandenabeele

The bullish wedge is probably the most interesting chart pattern there is: two trendlines (the upper and lower) that show decreasing value, but still it's a sign of bullish things to come! We might be at the bottom of the wave 2 correction, hitting the .65 retracement. It's a good time to be watching BTS closely at the moment!

thomasvandenabeele Updated 

Another day, another idea - I don't do predictions. Reasons for a bullish bounce around the 0.618 level: 1) We're seeing a downward wedge forming ( typically a bullish signal ), converging with an apex right on the 0.618 retracement level 2) We're seeing a nice textbook Elliot wave: 5 waves up, 3 waves down, with the ABC correction ending at the end of wave 4...

thomasvandenabeele

Just some quick and rough sketches: import targets are 3600, 4200 and 5k. Now, let me be the first to say that I don't believe in predicting targets this way. First of all, BTCUSD is too twitchy to make accurate predictions at the moment. Additionally, it's all about counting waves and subwaves for me - these Elliot waves will be adjusted and re-adjusted in the...

thomasvandenabeele Updated 

BTSBTC behaving pretty nicely, despite bitcoin movement destabilising things temporarily. Given previous pivots and final (dark blue) 5-wave structure of the C leg of the ABC correction, it looks like a 0.5 retracement for 2760 is plausible. We could go deeper of course - golden zone between 0.618 and 0.65 retracement remains a statistically probable zone for...