Corn_Reaper

Corn_Reaper Updated 

Bitcoin: As the market plays out we can see that the falling wedge may now be turning into a larger bullish flag. For the short term, BTCUSDT is in a bearish ascending wedge on the shorter tf. Stochastic and RSI still has room to the downside so we may have a slight correction back to our $6700 support. If we don't find support at $6700, a smaller descending...

Corn_Reaper

ZIL/BTC found support at MA50 on 1D chart and price is right at the apex of a symmetrical triangle. Mainnet launch date coming up Dec 18/Jan 19 so things are looking pretty good for Zilliqa. Should get some hype leading up to the event. They are establishing themselves as champions of scalability and already have an impressive list of partnerships. Buy in at...

Corn_Reaper

Seems Bitcoin is still priming for a small end of year pump but I think the USD/USDT premium may have been the main reason for this delay. The tether to dollar parity has pretty much been restored again so the tether exchanges can start realigning with the non-tether exchanges now that the price premiums are closing in. This was a unique situation with the large...

Corn_Reaper Updated 

Bitcoin BTCUSD (Bitfinex): Looking at the 1 day chart, BTCUSD seems to have found strong support at MA50 which coincides with the very strong horizontal support at $6500. There hasn't been a candle close below this level since 11 October when global equities markets took a dip so expecting this support to hold up as the whales consolidate and accumulate in this...

Corn_Reaper Updated 

Bitfinex: Another bullish signal that BTCUSD will be going up very soon. On the daily chart we are about to have an upwards cross of the MA7 and MA20 moving averages. As you can see in the circled areas, each time this cross has been followed with a significant price rise. BTC should retest MA200 at around $7200. The bear market is not over until there is a daily...

Corn_Reaper Updated 

Bitcoin (BTC/USDT) is forming a falling wedge on the hourly chart and may signal a bullish reversal from yesterday's drop from that meteoric high. Good to see capitulation and volume again on the daily chart yesterday, it's been a while! There should be a drop from here to the bottom of the falling wedge and the lower bollinger band. RSI also has room to the...

Corn_Reaper

It seems BTCUSD is at cross roads again with mixed signals on the 4 hr chart and will break in either direction within the next couple days. For the bullish scenario, we have a symmetrical triangle or an ascending triangle, depending on how the triangle pattern plays out, and for the bearish scenario we have a descending triangle within a larger descending...

Corn_Reaper Updated 

Bitcoin back in the game! Following on from my previous chart, BTC had fallen out of the ascending triangle and was consolidating at around 0.5 fib $6475. The 4 hr candle broke above and then opened back inside the ascending triangle after finding support and the hidden bullish divergence on the RSI is still in play. We have 2 trend lines acting as strong...

Corn_Reaper Updated 

Bitcoin is in a bullish pennant and we have RSI hidden bullish divergence on the 4 hour chart. BTC has found support at $6560 (0.618 fib) and we will probably have some sideways action until we have a breakout to the upside within the next day. Volume has been dropping steadily so expecting capitulation once we get closer to our pennant support. The break out...

Corn_Reaper Updated 

Bullish divergence on the 30 min chart and bounce off the bottom of the channel along with oversold StochRSI on the lower TF means a probable movement up from here to retest $6580 resistance and potentially get above $6660 again at 0.618 fib using Fibonacci retracement. If $6660 doesn't hold and we drop below the yellow channel, we will probably be heading south...

Corn_Reaper Updated 

Bitcoin (BTCUSD) - BTCUSD seems to have found support at $6660 and is currently testing the $6800 resistance (which has held throughout most of September) so that we can go on to test $6900 - $7000. I believe once we break $6900 - $7000 resistance, price should reach $7200 - $7300 before the market turns. The bear market IS NOT over yet! We haven't yet...

Corn_Reaper Updated 

Bitcoin (BTC/USD): In the short term we have a bullish Cup and Handle pattern currently being formed on the 1 hour chart. StochasticRSI oversold and using Fibonacci retracement, once we have broken above the handle resistance at $6533 (0.618 fib), the market should be ready for a move back up to test $6660 resistance. Once above $6660 we can expect to test $6750...

Corn_Reaper Updated 

Inverted Head and Shoulders forming on the hourly chart, OBV starting to lift suggesting capital inflow and we may bounce from support of the pink channel we've been following, at least in the short term. The market could go either way but personally, I'm leaning towards bearish until we break $7400. Not expecting much momentum to the upside since the bears seem...

Corn_Reaper Updated 

Bitcoin has been playing in no mans land for a little while but decision time is fast approaching. It seems we have a bearish doji star on the Daily chart and there is a cross to the downside on stochastic RSI which is currently in overbought territory. MA100 has acted as strong resistance. This coincides with the heavy resistance at the red trend line which...

Corn_Reaper Updated 

We just had a short squeeze up to $6740 but I don't buy it (MA100 acting as strong resistance on the daily and overbought conditions in the short term). Don't FOMO into the bull trap, I expect the 4 hr candle to close back below $6600. Following on from my previous chart, Bitcoin has formed a bearish flag pattern and there is also bearish divergence on the 4hr...

Corn_Reaper Updated 

Yesterday showed just how indecisive this market can be while we remain wedged inside this Bitcoin no-trade zone. The price crashed from around $6320, down to a low of $6106, followed by a powerful bounce to $6517, before consolidating at around $6400. Good time to sit on hands. I think the market is currently in limbo until the SEC announces the Van Eck ETF...