Bitcoin has just broken multi-day Lower trend-line. And Once again - the market maker has Opted to dump on Saturday, to sell at the time the Institutionals are closed, and thus at the best price to sell
When a big Fund or Whale intend to sell and LIQUIDATE a big Chunk of its soon-to-be-worthless Bitcoin - it OPTIMIZES the time and day. The smallest participation in the Market is of course on Saturdays and Sundays when almost all the Institutionals are closed. Then The price reaction to a big sale will be the least on weekends. This IS A REPEATING trend - BIG...
Double top forming in ETH, stull a litle continuation needed for complete pattern
A Hanging man bearish candle has formed in BTC daily. It is moderately rare formation , and predicts forming of BEAR DOWNTREND IN BITCOIN.
UPDATE: NEW CHANNEL - SAME CLASSICAL METHOD The Price action ITSELF suggests the new Resistance and New Support News Resistance = Old Support 20,174 $ NEW SUPPORT = 17,629 $ WITH CHANNELS SO PROMINENT - SHORT OR LONG BECOME LIKE SHOOTING FISH IN BARREL.
It feels like only Yesterday we predicted that ETHEREUM FALL FOR 12 ! TWELVE CONSECUTIVE WEEKS. IT TOOK ETHEREUM JUST A SINGLE DAY ! TO FULFILL THAT ANALYSIS OF FURTHER FALL OF ETH PRICE - PERFECTLY. Registering for the trade history that our analysis was correct - we now predict that The fall of Ethereum WILL continue uninterrupted for THIRTEEN 13! WEEKS.
Updating previous REALIZED PREDICTION. After the previous fall of bitcoin was exactly and rapidly realized - as predicted by us, we look forward to the next FALL OF BTC to the level of next support at 16,000. This is a multi-month support.
LOOK Interesting details on the WHALE SELLOFF A ) They chose to act on Saturday where the impact will be minimized. B) High , very high volume in single deal - that means panic dumping C) Institutionals are closed on Saturday - this is WHALE SELLOFF
EVERYTHING IS IN THE CHART. The volume continues its Unabated rise, while ETH continues its UNabated FALL FOR 11 consecutive weeks. Think about it - ELEVEN WEEKS OF STRONG FALL. Plus RISING VOLUME IT WILL FALL NEXT WEEK TOO.
Earlier Today We indicated a good CHANNEL-TRADE SHORT for BITCOIN. By now BTC HAS FALLEN MORE THAN HALF THE WAY TO 20 K . THE RAPID RATE of the BTC FALL Brings to mind : "BITCOIN FELL ON HALF THE BUDGET AND AHEAD OF SCHEDULE" Stay lucid, calm and focused. Good luck to all
A picture perfect DOUBLE-TOP formation formed by FALLING BITCOIN. BTC is just blowing away the the smoke of Illusions that were spread yesterday by some speculators. The DOWNWARD blue arrow of trendlines shows the way. Symbolic
The graphic is self-explanatory. Additionally on every re-bounce from the very strong Support at 20,000 $ it would be possible to go Long. A perfect Channel Trade if there ever was one.
Well, high tide followed by low tide, followed by high tide... The market always in motion - it is , as Japanese say 'A floating world' A pin-bar top candle is aptly named Shooting Star in Japanese candle formations. As we owe the invention of candles themselves to the Japanese, and specifically the shooting star, it brings Japanese ideas of the world. Such as...
Here , in a little tribute to the last movie of the great Bruce, We try to get an estimate on the next steps in the price of BITCOIN
Both Ether and Bitcoin are currently in Free fall mode. FOR SHORT TRADE WE CERTAINLY NEED TO DETERMINE: WHICH OF THE TWO IS GOING DOWN FASTER - PERCENTAGE-WISE ? Such knowledge will provide us with HIGHER PROFITS, and HIGHER CONFIDENCE in our short trade. So let's look at the ETHBTC PAIR. AT FIRST GLANCE IY SEEMS THAT THE ETHBTC HAS FORMED A EXTREMELY...
You are probably wandering HOW FAR WILL BTC FALL ?? WHERE WILL IT STOP ? Or as the name of a classic HISTORICAL movie "QUO VADIS ?" There's some HISTORICAL FACT to give us the answer. The previous bottom was at about 3500 $ while the MAXIMUM stood at 19,197 $. Thus THE RATIO of MAXIMUM / MINIMUM = 5.485 As the present MAXIMUM was 66,000 $ dividing it...
The week is still young and ETHUSD has FALLEN -20 % IN THREE DAYS to about a 3 Year average. Now the NEXT SUPPORT LEVEL IS AT 889 $ (though quite a flimsy support at that) Which is a rather conservative - 40% for the next 30 DAYS One got to give some respect to the current rate of -20 % in just THREE days (Check out my previous BACK TO BASICS a...
The case for SHORT SELLING ETHEREUM is a textbook example of basic principles. It has been SELLING ON HIGHER VOLUME than buying, And shows a clearest example of TRIPLE TOP FORMATION . Making three LOWER HIGHS in succession. This is a clearest case for SHORT ETH .