CryptoBanker

CryptoBanker

Nice doji bar here on VENBTC that jumps out as a good possibility for a midpoint. Watch for this selloff to complete at 0.00046 and below. Feel free to post any coins here that you would like analyzed for midpoints. This method has many nuances and is certainly not always right, but I have found it to be a very powerful predictor of future reversals.

CryptoBanker

Other alts are also suggesting an upcoming reversal. Here's NEO where the midpoint occurred when price suddenly accelerated to the downside. Buy zone is 0.0108 and below

CryptoBanker

From a daily perspective there was a midpoint back on Jan. 14 where price finished a sideways move and then suddenly broke down hard on the next day. On this chart we are already in the potential reversal zone anywhere below 7340. I'm looking for today's candle wick to spike down into the green reversal zone but not spend too much time down here.

CryptoBanker

Please see my recent ETHBTC idea for some description of my methodology. I do not use the fib tool in a "normal" manner I placed the 50% (midpoint) level through the pause (doji bar) in this ongoing downmove. I removed all other fib levels to keep the chart clean but feel free to add all the other levels and drill down to lower timeframes to see if they...

CryptoBanker

Taking a more detailed look at the same chart in the 4hr timeframe, note how well all the other fib levels are respected, especially the 0.78 and 0.23. This adds confidence that I have placed the 0.50 level, the midpoint, in the right spot and we should indeed expect to see a reversal in the red rectangle. In addition, I would like to see BTCUSD finally bottom...

CryptoBanker

A very high probability top in ETHBTC is setting up. I have drawn these fib levels using the beginning level of about 0.024 for the 100% level, followed by placing the 50% level through what I deem to be a well defined midpoint ("middle of the move", highlighted). This places the 0% level at the predicted termination of this up move at about the 0.123 level.

CryptoBanker

The steady drop is in it's final stages. Beginning on 2017.06.13, this bearish phase put in a midpoint on 2017.07.08. The midpoint is a subtle small doji bar (yellow circle). Note how most price action between 2017.06.13 and 2017.07.08 occurred ABOVE the doji, while most price action after 2017.07.08 occurred BELOW the doji, i.e. the doji is an important price...

CryptoBanker

This Schiff fork is showing some relevance and should be monitored moving forward. This rally may carry on fairly straightforward until we approach the median line which has acted as resistance before (red arrows). Pitchfork-type analysis is rare on TV but has it's time and place. Best practice is to draw a potential one and then see whether future price action...

CryptoBanker

Taking a similar approach to my just-published 30 min chart, the 4 hr chart is also showing a possible bar-split midpoint: 2 bearish candles showing a stronger down move than any other nearby price action (highlighted). Again, from the recent swing high of 4149 and the midpoint of 3750 projects a bottoming of this cycle at the 3352 level and below. This level...

CryptoBanker

The midpoint of the current down move is showing itself to be the 3779 level - the bar split between two strongly bearish candles (circled on chart). This is re-affirmed by a balance line which fits well slicing through this midpoint (purple line). Looking left, the 3779 level has also recently been an important resistance/support level (yellow line). Taking the...

CryptoBanker

A strong bounce here above the recent 4100 highs would re-affirm bitcoins uptrend with a medium-term target of the 4400 zone. A firm break and close below this balance line would re-establish the bearish scenario. Note the multiple times this line has acted as past support and resistance, suggesting that this is a very important line to watch.

CryptoBanker

The Jamie-Dimon sell-off continues... keep adding to your crypto stashes! Adding ETHUSD below $245

CryptoBanker

Buy the flush below $4000 Will be a decent intermediate-term bounce but not necessarily "THE" bottom from which we work our way to new highs.

CryptoBanker

A steady and drawn out decline in LTCBTC has caused alot of bulls to throw in the towel, so there's a high probability of an upcoming bottom. Cycles suggest this turning point will occur at 0.0097 and below, with a possible spike down to the 0.008 level. Stops suggested to be below 0.007 Look for this bottom to develop as the recent insane BTC rally puts in a...

CryptoBanker

It's been a lengthy sell-off from over 100 without an significant counter-rallies. Looking for a final sell-off to the 40-44 zone. Anything below 44 is a buy for an expected counter rally to take us back to at least the 60 level, possibly to retest the yellow trendline. My stops will be below 30 Very high-probability setup based on factors I can't show on...

CryptoBanker

Resilience test: Can Bitcoin remain above this support line until this annoying BTU issue get's sorted out? It has bounced well off this line once so far. Note the area circled in green where the price went sideways for a while and then suddenly broke higher and above this support line - a kind of inflection point which backs the idea that this is an important...

CryptoBanker

Overall picture is still quite bullish since breaking above the neckline of this weekly inverse H&S in Dec. 2016. From the low of $150 to the neckline break of around $750 suggests a target of $1350 for starters.

CryptoBanker

We've seen a strong bounce after briefly crashing back below $1000 over hard fork fears. To me, this bounce is suggesting that the market expects the BTC vs BTU debate to be resolved without any major upheaval to the bitcoin market, ie there won't be a hard fork. That being said, I expect to see this bounce run into resistance in the $1160-1180 zone. The size...