Zone TL's match the Fib retracement areas. Let's see where a BIG bounce comes in should we get it.
I'm just going to put this out there. Clearly, massive divergence playing out on larger time frames. I don't think this will end well so here's my buy back targets. Yes, I'm well aware markets can remain irrational longer than one can stay solvent. Hedged and watching with Popcorn. :) NOTE: NOT TRADING OR INVESTMENT ADVICE. ENTERTAINMENT ONLY!
In my humble opinion, ETH appears easier to chart bigger moves than BTC has been. Crediting less trade noise in my observation. The last time I charted ETH, it was clear $3400 BTC was a buy... and it WAS! This time, I'm looking at what might happen with the BTC descending triangle, while others see it as a descending wedge or bullish pennant... See what I mean? ...
TVIX appears to like the .5% retracement levels of previous High/Lows. Looking at this setup, that would put the take profit right around $48 for this move. Good luck! Note: Not trading or investment advice. Entertainment only.
Very early to tell just yet, but WHAT IF this is an ascending triangle in the making? It would cause MAX pain to shorts and longs with $1K spreads in the fractal patterns. Note: Not investment or trading advice. Entertainment ONLY!
BITSTAMP:BTCUSD Here is what I'm seeing on the triangle. Breakout should be after E, HOWEVER, the daily Bear divergence is massive. I'm waiting for confirmation before entering here. NOTE: Not trading or investing advice, entertainment value only. Cheers!
Watching for this structure to play out. NOT investment or trading advice. Enjoy the show. Cheers!
Time to go shopping ? Having a little fun while BTC decides the next move.
BTC Bullish Gartley completed. Now watching for the Bearish Gartley confirmation which coincides with short term price movement upwards to the 127 fib. Strange price action taken place here so it will be interesting to see how this one plays out. Note: Not investment or trading advice, amusement only. ;)
The 76 EMA was penetrated with ease, now I see it heading lower toward that 207 EMA (yellow) and meeting the old trend line that started back in Sept '15 Just my analysis and prediction, not financial or trading advice. Looking to see how this plays out, but will likely be buying lightly on the way down.
We are seeing the W bottom "breakout" playing out in BTC. See how the previous resistance at 6300 now becomes support for the breakout. Here are the current target of potential.
Looking for repeating patterns I found this 2014 fractal making lower lows right before the 2015 upswing to new highs. For experimentation purposes, let's see if there are any similarities between the two trends and check for repeating patterns.
Oversold RSI on the DAILY chart has historically provided a bounce to the upside. Watching carefully how this plays out from a 6200 Long entry. Short Term Targets: Target 1 = $7K, to back test bottom of triangle. Target 2 = $7.3K 161 Fib Target 3 = $7.8K descending trend line test
Looking at the Daily, current BTC price path is headed toward the lower log trend line, suggesting a 4th test is coming. Will it hold? Will it bounce upward out of the triangle? Time will tell. In the interim, play the bounces, watch the daily doji candle for possible reversal.