Bitcoin Going For A Dive Before Xmas Bullrun?Kinda looks like it wanna tank before starting another bullrun during holidays...
Btcchina
BTCUSD/BTCCNY: Intermediate term trend signalThis chart presents trend signals for 8 Bitcoin exchanges, using the daily chart.
If price were to move to the entries on chart before the daily close, it'll be a very high probability trade, considering the recent failure to move up, more than once, and the increased volume present on the profile distribution.
Good luck if taking any of these trades, and remember to check out my private group information.
See my twitter page for more info on how to join: ivan_labrie (first tweet).
Cheers,
Ivan Labrie
P.S.: The long term outlook won't change unless price moves under 1548 in Okcoin, keep that in mind, so I will be going long in a separate account as well. I'll update the chart after the daily close.
BTCCNY: Even more bullish...Simple time at mode analysis suggests BTCCNY has increasing odds of retesting the 3510 level from where the 9 month downtrend that sent it down after the all time high expired.
It's possible to get back up to the mode by early as December, 2015, and we also have a monthly uptrend signal which points to a rally that should reach 3054.91 by June, 2016.
Price action in the daily is considerably bullish, as explained in my BTCUSD Bitstamp chart.
A drop back under 1553.82 would invalidate this forecast. Do your due diligence, and good luck.
Kind regards,
Ivan Labrie
Time at Mode FX
#BitChina Stomped At Its 2-4 Line; Bears In Force $BTC #bitcoinAs discussed in the larger time-frame, an interim rally is expected to occur before decline resumes.
Background geometry here is offering a framework for this nascent dynamic, as price is expected to reach the price level level of Point-4 as a high-probability event, versus a 1-4 Line attainment.
Independently, the Predictive/Forecasting Model remains open to its most bearish target at 1089.93, defined on April 10th - See larger analysis here: , as well as smaller frame analysis here: .
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
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Twitter:
@4xForecaster
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David Alcindor
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Trendline fightNext hours are very important.
I think we're going down... If we don't break this line soon, it will be resistance.
I know that at finex we're a little above line but I do my ta mainly at chinese ex.
Drawning this line from 1018cny or 900cny, Jan 10 is not valid imo but even that, we're below trendline at every ex.
TIP: Trend is your friend, don't be retard with risky longs now.
Don't catch falling knives too easy.
Bullish Bitcoin Scenario Valid till December 1stBeen few days wanted to publish this so here it goes. All reasons to buy in are on the chart (see above)
A failure of this scenario to the should be considered ONLY if ONE of those is fulfilled:
1. the 1D RSI drops back below the red trend line - to not recover
2. if we fail to move above 385 between now and November 16
3. if we drop below 330-340 (support fails)
4. if the 1D bullish cycle is weaker than its April 2014 counterpart.
Triple top on BTCe and head & shoulders on Bitstamp/huobi/btcchiPreviously I have covered on the triple top on the 30 minute trend which suggest a further decline down to $620.
Now that the decline have been completed, coupled with a rally yesterday. A closer look into a 2 hour trend does suggest another triple top on BTCe, whereas head + shoulders on Huobi/BTCChina/Bitstamp.
Both formation will most likely lead to another further decline in price down to the 560s.
Head+Shoulders: