Im1056

Im1056

Looks like we've hit a neutral zone that's turning bearish. Volume is dropping and the daily uptrend was broken. Next looking for a drop to the 7350s and a rebound to the 8600s. If that occurs, then a second wave down to 6700s is possible.

Im1056

Dwindling volume following the recent uptrend makes me think we'll see a small to medium rally this weekend and fall into the .02 range starting Sunday night. If .02 doesn't hold, next support is .0175 to .016. Either way, I wouldn't be surprised if the uptrend line breaks, as we've seen frequently in other pairs, right before it gains positive traction....

Im1056

*** From now I post the opposite of what I think BTC is going to do. If an algo catches this I was screwed before I started**** This seems like a typical flag off an early bull run. The whale blowoff and reset is going to be much shorter. I'm seeing much more conservative expectations for the accumulation phase on twitter and TV; while I agree with them, I dont...

Im1056

Suspecting slight pullback to finish bear flag/pennant to .786 of the cap of the breakout. With 40k transactions executed on a single exchange in under an hour, anything is possible and I'm not swinging this. Just thought I'd put my two cents in incase anyone else was.

Im1056

Looks like BTC is forming a bear pennant. I was anticipating it to bounce off the up trend line but there seems to be a lot of indecisiveness in the market. I wasn't able to get my last position filled due to failure to reach support line. It seems there's some support around the 7.5 area. If that breaks, mid to lower 6k is in play. There's still a possibility...

Im1056

I'm listing this as short because I feel whale algos crawl trading view for market sentiment and then do the opposite of whatever we think is going to happen. I'm guessing a bounce off the uptrend line and the local .786. If not, next line of support would be the .786 from July low to ATH. Uptrend line intersects that line pretty well on log. I have buy orders...

Im1056

Our immediate bottom looks to find a home somewhere above the 2.16, which falls on a historic trend line set by July and September's bottoms. This offered a very strong support on the 5th of last month and I'm anticipating it to do the same again. From there, we could either see the start of wave 3 or a sideways WXYZ carrying us through March. Last possibility is...

Im1056

Looking for a Weezer bottom reversal signal.

Im1056 Updated 

How I'm seeing this play. Buys set at 10300 range.

Im1056

I'm going to try to buck my trend of getting made a fool by BTC. Wave two should retrace 50%-65% of wave one. I'm keeping a tight stop loss on this one because I still think sub 7k is possible. I was too quick to count out the bears losing volume on my last prediction and I think I was seeing what I wanted in the chart. To make matters worse, I forgot my chart...

Im1056

I know there's a lot going on in this chart, but I'm thinking in the short term BTC may fall down to the bottom red line; historical trend line from a couple years ago. Local fib and historical fibs offer some support for this possibility. Also, its always a good idea to keep an extra eye on BTC during the 13-17th and the 1st. Another possibility would be for it...

Im1056 Updated 

I'm new to this, so if anyone would like to comment on this idea, I have I would greatly appreciate any constructive criticisms. It seems to me we're entering into a corrective wave cycle. I think we might see some upward movement for a few more hours, followed by downward correction to 5900 by the 3rd, upward to 6200, and then back down to 5700 in about 2 weeks.

Im1056

In case anyone is looking for a safe bet besides USDT, take a look at BCHBTC. It's been holding above .14 BTC for the past 4 hours. Its suspended in time. I've been waiting for this moment and hopefully I wont be proven wrong when this all settles.

Im1056 Updated 

BCHBTC looks pretty clear here. If the trend continues we should hit .19 within a few hours and continue for the next 24-48 hours.

Im1056

Anyone aware of any financial instrument that can grow 45% in less than 5 days without experiencing a major reversal? I marked the -332 MACD as a historical low for a reversal and was lucky enough to hit it on the upswing but definitely undershot the top of this bull run. The 1D MACD and RSI were showing a bull retracement and continued bear run down to the lower...

Im1056

If you're late to the game, it would look like 316-318 would be a good price. I'd wait to see if it maintains this local trend and stays above the crossing of two big historical trend lines. Local Trend in Blue Historical 1. Dotted Red goes back to - FIRST RESISTANCE FROM FIRST ATH (4 HR - Coin Base*) 2. Solid Red is the resistance line from the last two ATH

Im1056

This is the end of the pennant formation, I think It'll end up around 310 at least after this. #1056

Im1056

Likely see upward movement after this trend finishes. Possible buy opportunity.