1st possibility: The GREEN abcde with target between 65cny and 80cny if this was a WXY correction (triangle) into an uptrend, otherwise 2nd possibility: The YELLOW abcde if it was the last part of the whole correction. This would probably finish at double bottom between 13cny and 5.4cny. 3rd possibility: The PURPLE abc that belongs to the BLUE WXY. Targets:...
This 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...
Litecoin has a daily downtrend signal present, which might evolve into a larger decline if it crosses under the highest volume node on chart. Good luck if taking any of these trades, and remember to check out my private group information. See my twitter-0.19% page for more info on how to join: ivan_labrie (first tweet). Cheers, Ivan Labrie
All details at chart. My sentiment is still bearish/sideways. Apex of new triangle is about to end soon. Expecting bigger move soon... ...or boring sideways.
Winter is the best time for bears to hibernate ;) NEVER consider shorting until 440~476. Dollar (DXY) is topping out right now too. Clear breakout here, and it'll be a strong corrective trend. Short and sweet, we are in for a big rally.
Friends, SYNTHETIC EXPRESSION: I decided to focus strictly on the price action of all 3 bitcoin exchanges, namely: 1 - BTCe 2 - Bitfinex 3 - Bitstamp I have averaged all three exchanges on an equal-weight basis, such that the current price reflects a synthetic expression of the following: (BTCe + Bitfinex + Bitstamp) / 3 Overall, the synthetic product is...
There is a recurrent and long-standing pattern within the spread between these two exchanges. A few months before every "bubble" begins, the spread funnels itself into a tidy channel, which it essentially remains in until the price peaks, though displays no other internal order. There are also clearly other structural self-similarities. As you look back in time...
If the past RSI trend is of any indication of future movement, we should see Bitcoins moving up over the next few weeks. It'll be a make or break over the next few days. Either we go back to $550 and bounce back strongly or we'll break above the RSI downtrend since 20th May 2014 and head towards $640 - $680. Bulls need to march towards $600 level ASAP! Given the...
Short till 550-560, then expecting a bounce to complete the large triangle before the nect major rally (wave 5) see here...
Hello all, regular readers will not be too surprised with today's offering. I have been watching this potential 4 hour bullish BoT setup (BoT = my way of playing ab=cd harmonic price patterns....to learn more please refer to this guide: docs.google.com) for a few sessions now. I thought I would take some time today to comment on that setup and how it currently...
This month looks like it COULD possibly form a Bullish Pennant along the downward trend line that is most notably found on BTCE. I've been making my attempts at day trading but have failed a few trades, so I've decided to take a step back to my long term strategies and continue there where my skill set is better suited. If you're new to trading feel free to do...
With today's announcement of DigitalBTC's listing on Australia Stock Exchange, the price is heading north once again. We've finally broken through the falling wedge since 12th June. (RSI, VI, MCAD, Elliot Wave 4, indicators are seemly positive and oversold) www.coindesk.com For short term, we should see price heading closer towards $600 once again. One thing for...
Previously 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...
There is lot of excitement as traders compare previous "Bubble" and subsequent price bottoming from which the price plotted bullish path and its apparent resemblance to the recent low at 340. This has given many Bullish traders to start talking about new bullish trend and price projection north of $2000 by August 2014 and yet other $5,000 by Dec 2014 etc Could,...
just look at the chart and dont forget to like it :)
As usual, each time we get a Bitcoin rally Litecoin lacks far behind until at some point in time before Litecoin swiftly catches up. With the current price of $639 USD / BTC, we should be expecting at least $25 for LTC.
We might either see a correction to $560 once it hits 600~630 level or a further consolidation for the next pump... Black bar in the MCAD represents the range between the high and low value. It'll signal a reversal in trend as it heads towards 0 from either positive or negative.
For many moons we have seen the big bad bear dump down on us from above, forming a beautiful wedge we all have watched in anticipation of a breakout to confirm trend reversal. The Gox saga has been talked to death over the past few months along with almost weekly china bans and BTC's being stolen from various exchanges. Recently I feel though this negative news...