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.
Dead
BTC - Bitcoin chart, if we compare it with a Moon & 3 Dead CatsIf we compare Bitcoin chart with Willy Woo's theory of 3 Dead Cats and A Moon,
then we find a pattern like in this graph.
and it's showing ore bullish pattern ahead after we complete the 3rd dead cat (or 3rd attempt to bounce ).
one of the best strategy to survive from this is just HODL.
BTCUSD - Drop to 3k USD or bullish continuation?Hey everyone!
This is my first analysis and I am very new to technical analysis, so 'bear' with me. Here is the daily chart, since the two are very much complementing each other:
The chart is scaled logarithmically, since it gives a better picture of what happened in the past over the linear chart.
What worries me the most are the insanely low support levels given by the ichimoku cloud. While we have never went down to ichimoku support levels, it would still allow a retracement to the September dip to 3k USD.
We can see that past cycles of slow upwards movement to sharp dip were around 60 days long. We may have completed such a cycle with the current dip or we might see a larger super cycle forming that does not obey this pattern.
The MACD is painting a grave picture and seems to point towards the latter scenario. However the MACD bounced right before crossover at the end of the November and September cycles.
The ADX may be pointing downwards, but at levels above 40 is still indicating strong price movement. +DI is going down while -DI is going up. In the past they rarely crossed over, but instead bounced off each other. Let's hope this is the case.
Let's look at the daily chart.
We broke through the Ichimoku cloud. This has happened before, but not to such an extent. At best this gives us a resistance at 13-14k, at worst it may indicate a bearish downward reversal.
The lower border of the Bollinger Band seems to give us room for further downward movement by parallelizing with the current developement.
The MACD is pointing downwards to an extent we have not seen in the past year, eventhough it may be losing momentum.
While Stoch RSI is already over bought and ready to bounce, the RSI still has some room for further downward movement. In the past, the price never seemed to bounce before the RSI dropped below 30.
What is really worrying is the ADX indicating strong price action with the +DI far below the -DI and the two seemingly diverging even further from each other.
Fundamentals:
We have seen some heavy FUD. I suspect the expiration of futures contracts are to blame for this. Some powerful entities have made a lot of money with this dip and the FUD from the political side came just in time for that.
Call me paranoid, but I smell market manipulation.
Alas there is a new stack of future contracts expiring on the 26th of January. Look out for further FUD in the next week and be ready to go short.
Summary:
Our indicators are giving off very mixed signals, bears seem to be taking control though. If this was any other coin, I would go short. With BTCUSD however, we have seen this pattern at the end of every 60 day cycle which gives me some hope. I will hold for now.
We can't be sure that the current dip merely marks the end of another 60 day cycle. It may well mark the end of a super cycle. Especially the MACD of the weekly seems to suggest the latter.
If I should take a wild guess, I would assume a dead cat bounce to 14k in the coming week and a sharp drop to much lower levels of 8k, at worst 3-4k towards Jan 26. With more future contracts expiring we might also see a salami crash to 3k USD within the coming months. The underlying motor will possibly be both Political FUD and the public's realization that BTC is not a feasible payment option.
Please excuse the poor choice of colors. I am severely color blind.
Also remember that I am a total noob when it comes to technical analysis and speculation in general. I have made some excellent calls on shit coin price action, but BTC is a tough one.
$btc to potentially re-test 12k support.Nasty rising wedge on the daily as we've already seen a break on the hourly for this fractal. Will be entering on a support-turned-resistance retest.
dead cat bouncenow for those hodling kripple look here there is a breakout of trend line and the lower side of head and shoulders. this is a change in sentiment and direction. and your going to get a bounce here don't be a bagger get into RDD and hold or DGB.
amateur HodlerGreetings all, To hodl or not to hodl? I'm a demo forex trader and I currently hodl some btc and a few altcoins, I don't particularly trade cryptos, but I try my best to read up on sentiment and fundamentals behind the coins to help me sell high to buy back in low, or buy low and sell high. I was looking at the chart and trying to figure out where I stand with the current BTC situation, as far as I can see on the chart, Hodling is best for now? how can my analysis of this chart be improved?
many thanks in advance!
Buyers Beware: Market could be in a dead cat bounceI think it's good to keep in mind that it's a possibility that the bull market ends and we enter a bear market. A sign we could be in a dead cat bounce would be if price gets close to the previous ATH (5-10% off) and then stalls and reverses hard.
XDN Pump and DumpNo developers, 1 mining pool. This pump started with a giveaway followed by a group pump. Bring newbies in trick them to deposit XDN and then dump on them.
Research before you invest ;)
UPDATED: BTCUSDT dead-cat moving down the 10k supportJust a quick update, looks like BTC is about to drop down to the 200D EMA 10K support/resistance on the 8hr chart.
Let me know what you think, I'm new to TA. Go easy!
Another deadcat bounce?Looks like another deadcat bounce to me, what do you think?
PS: Be nice, I'm only just entering the TA scene.
BTCUSD extended flatBitcoin is showing bearish divergence on several timeframes. The daily looks like a dead cat bounce due to the low volume, accompanied by high CMF divergence on 4h.
The 1.236 extension falls at 8426, which also is the present channel top. If and when the trendline is rejected, i expect a drop below 5k, breaking the parabolic support and completing cycle wave 3.
Burstcoins 'dead cat bounce'Burst coin slided from just shy of 1000 satoshi to a little more than 100 in about 50 days. The slide was accompanied by a lot of bad news about DDOS attacks and forks in the chain. On its way down Burst took out some major supportlevels, which now have become resistance (horizontal and upward red line). Last few days Burst showed resilience, RSI did not manage to reach OB-territory though and today the price ran into the old lines.. Most likely the rise will end here and turn out to be nothing more than a 'dead cat bounce', look for fresh declines in the coming days.
Bitcoin repeating pattern made in the last correction.When we arrived at 3000 USD the price made a correction until the high trend (blue line). Following a move of 3 funds, where the third fund was the touch in the bullish trend. After the touch, he climbed back to break the top.
I see a repetition of the correction pattern happening again, with that we made a first background in the region of 3900. With that the second background should happen in the region of 3500 and touch the blue line in the region of 3200.
As the bitcoin is difficult to fall, it may take longer to finish playing the blue line in the 3500s as well. Forming a double bottom.
After touching the blue line you must return to the high movement to break the top.
NAUT/BTC The dead shitcoin pump part 5.NAUT is one of the most dead shitcoins on poloniex.
Still will pump.
9 MORE SEASONS MORTYYY
BANC morning star reversal on weekly?BANC has come under alot of criticism for their operations being a little too good to be true and eerily resembling another financial operator with links to the firm that turned out to be fraud (identified by some short activists). BANC responded that it's false and tried to use a firm that is a customer of the bank to help clear the air. We will see in the next several weeks if the daily charts are setup up a strong reversal (bullish) or if it's a dead cat bounce and flagging (bearish).
XMR SHORT - Time to turn the corner!Monero has recently seen a few tumultuous weeks of trading and looks to finally be on the back side of this event. Looks to be consolidating some and trying to find a floor. All indicators are lining up towards a nice short position in the 4h chart.
The price has resisted crossing the downward trend since the ATH a few days ago, and finally rolled over. There has been strong resistance at fib levels all the way down to here at 235, 220, 200, and 180.
I think that it will stabilize around 150 , where it had a consolidation period on the way up. Ultimate candle stick lows should be somewhere around 120-130 , maybe even lower. Great chance to catch the bottom and flip for a long on the dead cat bounce.
The market has not looked this decided in a while, I am excited to see how things turn out!
Currently holding a short position with entry at 178. Will keep this updated as the market moves.
Bitcoin Weekly Screaming "TOOOOOP!"Can you hear it...?
Blue horizontals mark possible support levels for the coming 10 days....
Happy Dumping!
(Full Disclosure: I DO NOT trade Bitcoin)
NZD/USD Dead Cat Bounce 30min and Bullish Cypher on the 240minThere is a Dead Cat Bounce on the 30 min happening right now. Price retraced to the .50 fib, you can use which ever level you like, I like the .50 and .618 fibs. I am currently short (.71391) because of the big bearish pin bar and the shooting star candles. I have my stop just above the current swing high at .7160 and my target at .6985. There is also a Bullish Cypher Pattern on the 240 min. It completes at .6808, I will have my stop below the level at .6765 and targets at .6995 and .7110. Good luck trading out there.
