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Dead-cat

Bitcoin Bounce in effect?I see two targets as possible 'relative' highs first target at $6547.00 second target at $6741.00 followed by continuation of trend to the down side --if the maximum bounce is seen if price meets the $6741.00 target --> sell off to sub $6k to somewhere around $5950.00 ---> followed by bounce to $6260.00 range ---> followed by the 5th wave down to range of $5750 this is strictly based on fractal or repeat of a previous price decline from an earlier time frame. this is merely a thought exercise.
BITFINEX:BTCUSD
by astoinis
Bitcoin Daily Update (day 193)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. My latest Bitcoin Bubble Analysis led to the following predictions: 1 day - 28 days = < $5,750 | bottom prediction: $2,860 by 10/30 Previous analysis / position: “Still waiting on a bounce off support before continuing the draw down” / Short ETH:USD. Took profit on 33% of position improving my average cost basis to $317.37 per ETH. Patterns: Descending triangle / 4h bear flag Horizontal support and resistance: S: $6,126 - $6,166 | R: $6,200? | $6,380 BTCUSDSHORTS: Continuing to pull back after a slightly lower high. Funding Rates: Shorts pay longs 0.0349% 12 & 26 EMA’s (calculate % difference): 12 = -8.04% | 26 = -8.69% 50 & 128 MA’s: 50 =11.36% | 128 = -13.73% Volume: Current selloff is significantly above MA on 4h chart. FIB’s: 1 = $6,039 | 0.886 = $6,300 Candlestick analysis: Prior 3 day candle engulfed the 3 before it. 4h hammer Ichimoku Cloud: C clamp on the 4h TD’ Sequential: 1h is currently on a 9. Daily is on a 4 Visible Range: 2 month lookback has point of control (POC) at $6,400. 3m-1y all have POC between $6,300 - $6,400. Expect that to become strong resistance. BTC’ Price Spreadsheet: 12h = -3.98% | 24h = -3.94% | 1w = -13.76% | 2w = -7.63 | 1m = -7.78% Bollinger Bands: Just about touched the bottom of the daily band on this last selloff. Bouncing from bottom 4h band. Trendline: N/A Daily Trend: Bearish Fractals: Just broke through another down. Next one = $5,855 | Up = $7,437 On Balance Volume: Moving down with price, no div’s ADX: ADX continues to move up while -DI and +DI continue to diverge, as would be expected. Chaikin Money Flow: Moving down with price, it’s a little worrisome how far daily and weekly have to fall before becoming overold. RSI (30 setting): W = 48.29 | D = 42.89 | Similar to CMF’ it’s a little worrisome how far daily and weekly have to fall before becoming overold. Stoch: Weekly getting ready to make bearish crossover. Daily is reaching oversold territory. Summary: When the markets start moving I like to pay close attention to the shorter term MA’s to give me an idea of when to expect consolidation and/or a correction to the upside. In one of my Telegram groups someone pointed out the 20 and 200 MA’s on the 4 hour chart and said to watch for the death cross. I noticed that the price tends to retest the 200 MA before selling off again and think that will be a great area to place some orders to sell The 4h bear flag breaking down on volume tells me that we may not make it back to that area. I always watch for the breakdown of the flag itself as well as horizontal support from the pole, both of with occured. Still having one third of my short position open on ETH makes me feel comfortable either way. If you are not in a position and you didn’t sell the 4h bear flag then it is time to wait. If we get a bounce then you get a high percentage short. If we don’t get a bounce then you need to be okay with missing out on a move. Today is Saturday, go outside and enjoy the beautiful summer weather! Even if you are in a position, set your stop loss and forget about it!
BITMEX:BTCUSD.PShort
by Sawcruhteez
ETC Classic formationDear Cryptotraders, I would like to present You my period in short statement. You may wonder why only short? Kind of phase We need to pass through, slow, less and less volatile to dull everybody so They could develop Their buisness with astonishing comeback as proove of perversities presence in this system. This is my second short setup on ETC/USD pair, I stated under comments that ETC could go 10USD. Of course not so fast! :) There We would miss perfect oppotunities to play on 30-40% long bounces before ! Media are laughing at people that are holding fiat cash. Because companies are afraid people would short 'Em All ! Like some smart fellas in 2008. Enjoy! My previous analysis:
BITFINEX:ETCUSDShort
by pinfkloyd
4
3k bears still not dead?So, we did end the c wave at 1.23x wave a But, we didn't end the correction on any fib level which seems to suggest that the correction might not be over. Although we are bullish for now (till 16k area i expect), but we the bears may return. Some signs to watch out for: strong reversal after a 3rd wave up (c wave), we are currently in the first wave hidden bearish divergence on high TFs, probably on daily as we reach this point of reversal. Be careful :) #3kbearsclub
BITFINEX:BTCUSD
by RyanPal
Bitcoin Cash Dead Cat Bounce?Bitcoin Cash has tested some levels in the lower $1,200 handle. Thankfully, it rejected these and rebounded to $1,275, which appears to be a very strong level. Currently, it corresponds with the central moving average of the KRI. If current prices do not hold, we'll have support from $1,200, as well as Fibonacci levels at $1,144, $965, then the lower bound of the KRI at $1,075. If momentum reignites, we must break through the central moving average of the KRI currently at about $1,275, where BCH is currently hovering. Then we will need to best $1,400, $1,438, $1,500, and $1,522. The upper bound of the KRI will be the next point of resistance at $1,532, then after that, $1,764, the lower anchor of our nested Fibonacci levels, seems to be a reasonable target. Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here ! For daily commentary on cryptocurrencies, subscribe to our newsletter !
B
by quantguy
3
Primecoin: But Wait... There's More! This is a risky one, dream big, play small, but it's an interesting concept. I guess I see opportunity where others see a dead horse. Supply is 21 million, the RSI doesn't match up neatly but every time it drops into oversold, especially in a cluster of 3, price eventually has a nice pop. Just be Patient. Looking at February or even next summer for a target. Again, super risky, rather illiquid, but if you like the fundamentals, it's not a bad time to nibble. If you never take risk, you will certainly never take profits.
XLong
by Piptocurrency