Mt.BFX

Mt.BFX

With price at all time lows and a pattern emerging looking like an Adam and Eve bottom , the risk to reward has a lot of potential (considering price won't move to 0) with the risk being low and the potential rewards to be rather outlandish considering the position in the market. The fib tool is using a method I've come up with using the positive powers of two...

Mt.BFX Updated 

XBTUSD | BITSTAMP:BTCUSD | BITFINEX:BTCUSD | COINBASE:BTCUSD | BITFINEX:BTCGBP | KRAKEN:BTCEUR | BITFLYER:BTCJPY Impulse gaps - when price moves away with large volume and creates a tall candle, price creates a gap of untested areas which could be referred to as liquidity gap. These liquidity gaps are caused from lack of actual liquidity,...

Mt.BFX Updated 

TA doesn't matter, crypto is a word of mouth bull market.

Mt.BFX Updated 

Given the triangular structure resting on the dashed blue support and accumulation zone (green box), additionally a single outbreak rejection, it's likely a retest will occur. However a possibility of rejection would send MAID into a third and final accumulation run. Blue solid line represent expanding wedge, pink cuts to create and ascending wedge. Dual...

Mt.BFX Updated 

Confluence with multiple methods of TA. Volume shows strength. Moving Average 50 with -50 offset is the best indicator of trend when paired with structural analysis. MACD crossing bullish; big divergence and continuation signal. Bullish Channel established. This is not a buy signal, this is strategy testing.

Mt.BFX

This chart shows the labels of presidents in power, dates of victory and inauguration, and colouring of party.

Mt.BFX

Check previous two idea as to why.

Mt.BFX

Top right text Possible wick to 104.12 then decline to 96 before heading to 120 or higher. Left text DXY 0.49% rallies: US 30Y bond liquidations Money comes back into the market and needs to be reinvested into stocks to create a safety from a bond crisis. Money finds new tech opportunities and bond decline pushing DXY 0.49% up along with stocks...

Mt.BFX

Top centre text 30Y T Bond sells off causing a strengthening of the dollar with a large influx of cash going into shares and stocks . When the tech bubble pops people remove their money from stocks and shares and look to reinvest in safe options such as bonds and gold -0.90% . Top right text Red boxes will be a repeat of history, if the decline...

Mt.BFX Updated 

I see UJ making a touchdown to create a lower swing fractal before rapidly going to target. If support below is broken then trade is invalid. Wait for 101 for the capitulation rollover before going long.

Mt.BFX

Lower lows on RSI and in price action indicate that this bear flag will break and continue falling until it hits lower level support. For fibonacci traders this is also around the 1.618 area. First stop may be 0.93320 before a final rollover to 0.89.

Mt.BFX Updated 

Inverted H+S - A break and close above 6818 would confirm further uptrend up to a possible of 7500 (considering 7128 is broken and closed above). A retest of the neckline is a great buy opportunity and shorts should be below this neckline. If the neckline is broken, the pattern is invalidated at the downward pressure will commence.

Mt.BFX

I'm not convinced that BTCUSD has finished shaking everyone out before it continues trend, it may not dip so low but I think it will dip below 540. Same goes for LTCUSD but 3.335 would be a hard stop for the litecoin. With LTCUSD retaining its value and BTCUSD losing more value, LTCBTC pair will likely return to mean approximately the same price it was before...

Mt.BFX

Looking to short anywhere above 2100. TP 1 - 2000 TP 2 - 1890 TP 3 - 1810 If it breaks lower support then I wish you all good luck in the crash and I hope you held some short from the top.

Mt.BFX

Idea 1 Inverted Head and Shoulders breaks up and fully retraces the dump invalidating the downtrend movement showing strength. Idea 2 Inverted Head and Shoulders breaks down continuing downward pressure and finding support ~3800+ and continues uptrend. Idea 3 Inverted Head and Shoulders breaks down continuing downward pressure, finds support ~3800 and...

Mt.BFX Updated 

Diamond bottom formation on hourly chart. TP 1 ~ 0.027.

Mt.BFX Updated 

Formation of a Rising Wedge indicates a reversal. Price action was denied a major move up and came to create lower support. Entry point below green line, confirmation zone (yellow box).

Mt.BFX

Going for a putt from the beat pennant, TP ~ 482.