BTCUSD, Day, Linear chart I don't usually see linear chart, but I found something interesting when I was reviewing my past analysis. The marked channel is a secret downtrend channel that nobody knows. Bears are trying to enter to my secret channel by forming head and shoulder pattern. Everytime they touched the upper board of the channel, they all...
White line is the 'normal increase line' that I am thinking. If we can say this correction is over, then Bitcoin is expected one more BULL run in aspect of fractal theory. Interestingly, the outcome matches to my normal line.
Simple is the best, like I told you. Let's be simple and clear. We can imagine that the current price of BTC is creating the handle of the HUGH giant cup. I tried to figure it out that the pattern is cup and holder, but I failed. Because there is no tool to estimate angulated value.(You might do not understand what I am talking but it is true). The handle...
BTCUSD, BITSTAMP, 4hr Buy at 9100 / 8850 Sell at 9500 / 10500 Stop Loss : 8700 Short till 8150 in case of stop loss reached
As I told you on 12th Feb., and uploaded other ideas, Bear seems like to be playing with Bulls. I doubt if the bulls even did exist just for a second during the corrective period. I think $8150 is a critical level. If it collapse, that means one more step forward to my analysis.
BTCUSD, D, Log chart Head and Shoulder Pattern 1.Height of Head from neck line : copy it 2.Bring it to neck line of Rt. shoulder 3.Jan. 11th 2017 - Feb. 5th 2018 : Fibo retracement(0.786 retrace) 4. Horizontal support at 1850. 5. Pitchfork of current downtrend : 6.786(skyblue line) 6. Volume : decreased by time IT THIS POSSIBLE? COINCIDENCE? What the HECK are...
3D, BTCUSD **JUST FOR FUN** Simple is the best when we are confusing. In case of H&S pattern. ATH : 19670.84 Neck line : 5920 Target of H&S pattern : 1781 Fib retrace(751.34~5846.43) : 0.786 at 1841.69 In to normal(Green channel) after the "Despair" phase(H&S target). See my past analysis linked below.
BTCUSD, 3D, BITSTAMP Upper chart : log Lower chart : linear Let's be simple, honesty and rational. In aspect of support and increase, which line do you think that "NORMAL" ? This is why I am thinking 2K. It is extremely "NORMAL" even if the price of BTC fell to 2K or 3K. It is not the "end of BTC". It is not the "collapse of crypto market". We are trading...
BTCUSD, BITSTAMP, 1W, Log chart 1) Price loss Nov. 2013 ~ Dec. 2014 ATH to ATL : 86.90% loss Dec. 2017 ~ Apr. 2018 ATH to 2972 : 84.23% loss ATH to 2291 : 88.50% loss 2)RSI Green support line is broken. Expecting further downward movement. 3)MACD(less important index) Diverging is in progress. Expecting further downward movement. 4)Trend line Purple...
BITSTAMP, BTCUSD, 1D FACTs ------------------------------------------------ 1. Up trend channel support(Sep.~Nov.) : broken(attempt to breakage : failed) 2. Middle down trend channel support(green dashed line) : broken 3. Small down trend channel support(cyan dashed line) : broken 4. 200 EMA : broken 5. 250 EMA : pierced 6. RSI : at support line 7. MACD : down...
BITSTAMP, 1D, BTCUSD 150EMA has broken today and there was no significant reversal when it was penetrated. It's not like 17th Jan. So, What is waiting for us? I marked three major trend lines that might act as a strong support. Like you can guess, the yellow lines. Minor down trend channel is marked cyan dotted lines. The first yellow line and the cyan...
Let's have a look at the 30min chart of BTCUSD, BITSTAMP. Yellow line(200MA), blue line(150MA) and minor trend line(upper green one) meet together at $11300 level. The red trend line has collapsed few hours ago, and now powerful support level ($11300) is under attack by sell-side. If the level collapse, we can expect the lower level of support around at $10685...
Hello. Let's look at 4 hr chart of BTCUSD We are facing new resistance trend line(dotted skyblue line) and fighting to go through it after the first resistance trend line(dotted red line) was broken. If we go through the dotted skyblue line firmly, we can expect the price of BTC will approach to next resistance level which is the combination of the white line...
BITSTAMP, 4hr, BTCUSD chart, KST(UTC+9) TP 1 : 8.8K TP 2 : 7K TP 3 : 5.8K My analysis is based on trend lines and Fibonacci retracement. I guess the real bottom before upward movement will be placed at 6.3K (2018-02-26). By the mean time, I think there will be slight reversals at suggested TPs especially 7K by 2018-01-26 the date of CME closure