BTC/USD seems to be setting up it's case for the big bull run we've all expected for this year. Following up from @CarpeNoctom's tweet about ETH being in pretty much the same set-up (twitter.com), I can confidently make the case that BTC will be rising neck-a-neck with ETH. Technical reasons for the bull run to happen: -EMA 50/200 bullish cross imminent -TK...
This is a fairly good entry point in BTSBTC, we'll get confirmation as soon as we pass the fib level and the 50/200 EMA do a cross.
Potential entry level at 6200 with stop-loss at 5100. At the moment this looks slightly bear-ish, but after the completion of the last wave, I expect a break-out with very big momentum. For marking profit, use the green line as guidance.
Over the past year, XBTUSD has followed a relatively consistent pattern consisting in a rally (averaging in a 160% to 260% growth - excepting the first rally of the year which was a relatively small 70% growth; all of these rallies were followed by a 30%-40% correction which is in line with Dow theory which says a rally will be followed by a correction ranging...
This is an attempt at trying to identify Wyckoff events and phases of ETCBTC:BITTREX. Starting off with the previous distribution, we have the following events: Preliminary Supply - This shows an unloading of the asset after a strong rally, usually accompanied by large volumes (in this case higher relative to previous time frames). Buying Climax - Very large...