I think we may soon see a short squeeze - see my previous post. It think this may immediately bring the price of BTC to its 55-week EMA (the blue line in this chart). From there the rally may continue until the price touches the 244-week EMA (the red line in this chart), from where the price would again sharply come down, confirming continuation of the downtrend....
This 4-hour chart shows possible price/time levels for BTC for the month of April 2018, based on Fibonacci analysis (see my earlier posts). I'm expecting the market to establish a top somewhere on the pink segment on the blue line (with the red pointers down). Possibly such a top will be established through a very quick short squeeze with a cap, just to establish...
This 4-hour chart perhaps provides a better overview than the previous one. (I'm new to publishing ideas here, so I'm still finding out how it works exactly).
In this chart I would like to show the influence of 3 important exponential moving averages on the intermediate price action in BTC – in order to develop a dynamic trade view based on Fibonacci analysis. This chart is a follow-up on my previous one on the Fibonacci Speed Resistance Fans & Fibonacci Channels. I have left the Fib fans out in the current...
My trade monitor is all Fibonacci. Here you see a weekly chart of Bitcoin with all the relevant exponential moving averages, based on Fibonacci: weekly 8-EMA, 13-EMA, 21-EMA, 34-EMA, 55-EMA, 89-EMA, 144-EMA. You see them one above the other in this chart. Then there is a grid produced through a Fib Speed Resistance Fan. I use this to give me a better sense of...
In this chart I would like to show the influence of 2 important moving averages on the current price action in BTC – in order to develop a dynamic trade view based on Fibonacci analysis. This chart is a follow-up on my previous one on the Fibonacci Speed Resistance Fans & Fibonacci Channels. I have left both of these out in the current presentation, because...
My trade monitor is all Fibonacci. Here you see a weekly chart of Bitcoin with all the relevant moving averages, based on Fibonacci: weekly 8-MA, 13-MA, 21-MA, 34-MA, 55-MA, 89-MA, 144-MA. You see them one above the other in this chart. Then there is a grid produced through a Fib Speed Resistance Fan. I use this to give me a better sense of projecting price...
With this chart I would like to show how you can build a dynamic trade view – as opposed to a static one – using Fibonacci tools that are available in TradingView. After a major market top or market bottom you can draw a Fibonacci Speed Resistance Fan. Here I have drawn two such fans: one after the BTC Februari 2018 major bottom (around USD 6,000), and one after...