CryptoBanker

CryptoBanker

The vicious sell-off since Jan. 5, 2017 is drawing to an end. Adding to long term holdings at ~ KRAKEN:XBTEUR 675. Brief price spikes down to ~ 650 is acceptable breathing room. Stops below 625. Watch fundamental news out of China that may drive this as a significant reversal... Rumors are China cracking down on exchanges is a clean-up operation before they...

CryptoBanker

Shorting at 102.45 Stops at 102.71 Target 1 at 102.02 Target 2 at 101.56

CryptoBanker

Adding to my physical holdings below $1328. Silver chart is a bit less clear but should it get smashed down to the $19.15 area when gold reaches $1328, it'll be extra confirmation.

CryptoBanker

We are dropping back into a support zone that's similar to what I've posted about previous times. Interesting that this similar target was newly calculated using price points from the entire ongoing correction since the June 16, 2016 high near 5200. (There's value in journaling your trades!). Additional confirmation comes from this zone having been major...

CryptoBanker

It's unlikely we'll see a dip into my previous 3800-3900 buy zone at this point. Usually when price fails to drop to my buy zone there is a strong bullish bias building in the market, so I'm expecting a strong move higher out of this correction. 3550-3700 longs are under no threat and should develop well moving forward.

CryptoBanker

3800-3900 buy zone. We may only see a small bounce off this zone (use tighter stops) but it's entirely possible that we rally up to the 4500 highs or even higher to new highs in this resumed bull market.

CryptoBanker

As per my last post, 5100 shorts were exactly what the doctor ordered. So far this pullback is nothing more than a healthy correction which my analysis says will take us down to the 3700 Yuan level. 3550ish to 3700 is my buy zone for covering all remaining shorts and adding additional longs. Stops below 3300. Only lengthy price action below 3000 would make me...

CryptoBanker

As expected, the breakout from the ascending triangle is legit. The rally since has been persistent and without major pullbacks. I'm looking for a continuation to the 5100+ Yuan level where I'll be looking to at least partially hedge my longs. Blow-off top rallies up to 5500 could be in the books. Reminders to myself: The risk of this rally completely...

CryptoBanker

Looking for a bounce off 3590. Good for at least a scalp, possibly result in a new push to the 4000 level.

CryptoBanker

The MASSIVE ascending triangle that has been building in BTC since Nov. '15 has finally resolved to the upside. This occurred on good volume and with a fundamental backdrop of Chinese capital flight. There's no reason to doubt this breakout - we will probably never seen BTC 3000 Yuan or below again. My tech. analysis suggests we should hit 4100 Yuan without any...

CryptoBanker

Long entry: 1.2145 Not much TA to show because this entry is primarily calculation-based. However this entry level is heavily confirmed by the additional confluence of the weekly S2 pivot level and the 0/8 Murray Math level (multiple time frames) in the same support zone. I use mt4 for these additional indicators. Stops should be threatened underneath the red...

CryptoBanker

A decent potential midpoint suggests a pullback from the 102.24 area. Will look for confirming factors as this level is reached. This may also be where this morning's stock market rallies driven by Yen weakness will see resistance and present some shorting opportunities.

CryptoBanker

Last week's strong central-bank driven Euro sell-off has me on alert for a bounce. There are likely many shorts to be squeezed. Technically I see two well-defined midpoints that project a similar end to this down move giving a high enough probability for a trade-worthy bounce. One midpoint is reenforced by a balance line (red). Note how well this line "splits"...

CryptoBanker

Self-explanatory short. This center-line has served fairly well. Note how price usually never stays exactly on the line but fluctuates back-and-forth on either side. Center-lines can be thought of as picket fences in that sense. In light of the current considerable downward momentum, I suspect price will simply come up for a final touch of this line, but...

CryptoBanker

LTC is putting in a serious moonshot on the backdrop of the Huobi news. Question is, which part of the moon will it land? These parallels are a good guide for the price path and I will be looking to hold my longs until above 23. If we get there on a massive panic buying spree, we will probably spike well through my target

CryptoBanker

self-explanatory short term short, but more action under 600 is likely

CryptoBanker

Well that was a humbling episode. One of the best technical setups I’ve ever seen in 6 yrs of technical analysis was turned completely upside down. For a while, my ~553 entry shorts held well as we made a small double top. However, as China woke and lead the market, things suddenly accelerated to the upside. This acceleration is key and is a very important...

CryptoBanker

The market is desperate for positive news to resolve this Gox and withdrawal debacle. Without it, buyers will remain far and few, leading to more downside/sideways action further exacerbated by panic sellers. Expect successive bounces off of ~530 area to become smaller and smaller until we break it on our way to significant lower levels. As stated above, this...