Krystiannwk

Krystiannwk

I highlighted important GAP's on weekly chart. Round number 5 plays a big role as the major support for last year. Right now upper GAP is holding pair above 17. I would be surprised if the price went close to 5 again but if this will happen I will be the first one to buy in area between 10 and 5. Last big movement was stopped by last GAP at number 23. Green GAP is...

Krystiannwk

Bitcoin is on the rise when I'm posting this idea. Orange ticks marked double bottom formation which is holding pair above this level. As you can see important Fibonacci level 38.2% (combined with round number 3K) was rejected 13th of April. Pair is in consolidation for few weeks. Market is respecting support at 2600 which could be use as the Stop Loss area. It...

Krystiannwk

This is 4h look at Steem it is continuation for the previous idea (Steem weekly) It is not so visible but I think that the pair created triple bottom just before 23,6% Fibonacci level If the pair will stay above Strong support created by previous price action (Two Blue lines where each of them represents extension of previous double bottom support, and the...

Krystiannwk

There is possibility which will be clear at the end of the week that pair on weekly chart will create very interesting candlestick formation which is called rising three pattern. It will not be exact as the perfect one but if you consider nature of cryptoccurency(extreme movements in short period of time) I think it is justified to use it as suggestion for...

Krystiannwk

When I'm looking on chart I see big potential for big movement some time in future. Pair established solid support between 4 and 6. I would like to see round number like 5 but it is not case here. This support area holds losses for almost 6 months. I don't see any candle formation or any other known to me pattern which I could apply here. I see here potential to...

Krystiannwk

I posted Zcash idea for short position, which was based on the big GAP on daily interval. When I look closely I missed Fibonacci retracement I placed on the chart this time. It is clear that 50% makes strong support,and any losses were rejected by this level. If the Daily candle will close above this level and sustain price above it it is good sign that it will...

Krystiannwk

It is correction to previous chart as the angles were not correct and it looked slightly different as intended. I'm not sure if the angles are changing position as the price changes so I corrected it and let's see if this one will change shape too.  It is hard for me to predict where BTC could go in next weeks or months. I tried to apply known to me tech. analyse...

Krystiannwk

Very energetic movement followed by consolidation with clearly visible double bottom at 000001550(orange ticks). Pair is consolidating within the range between 1550 and 3500 for last two weeks. I believe that level created by double bottom created solid support. It is small chance that pair will bounce from that level creating triple bottom which could move pair...

Krystiannwk

I posted ETHBTC idea week ago with possible short opportunity. Profits from short were all erased with ease by quick long move. This price movements is suggesting that market found strong resistance in 50% fibo level, creating nice support area. Fibonacci levels, specially 50% level is fairly respected by market since big movement and it is holding pair above it...

Krystiannwk

ETC moved higher for the last couple of weeks. Last big bullish candle moved pair over 3$. Pair is moving sideways. I marked 3 GAP's on the chart which are creating very strong support combined with psychological level 2.50$. It is quite possible that pair will move higher eventually breaking 3$. I would go long here with SL just beyond the longest shadow which...

Krystiannwk

It is hard for me to predict where BTC could go in next weeks or months. I tried to apply known to me technicals but recent movements don’t fit to any of them. I found just one which could be used for “predictions” and it is called V-Pattern. I placed it on the chart(two rays deviated 60 degrees) . This pattern gives us place where we could see some interesting...

Krystiannwk

I don’t think that harmonic pattern should be applied for this relative very young market. This kind of markets are often driven by strong emotions, where low volume lets create rapid movements up which are then erased by market in very short time. It looks like micro version of sub-prime crisis. I wouldn't trade bat pattern on its own but company of solid GAP...

Krystiannwk

Visible GAP from beginning of November has established strong resistance which hold the price below this level for the past 4 months. Chart shows two rejections on 4H and Daily interval with nice double top formation with accompany of doji candles. Pair has stopped depreciation around strong psychological level 0.0000100000 between mid of February to mid of March...

Krystiannwk

I marked few important price actions. First harmonic formation appeared at the end of the March. There is a rule where 61.8% retracement is corresponding with 1.618% and 32.8% retracement is corresponding with 1.328% which gives us perfect ABCD formation where AB = CD. Another signal for further bullish movement is fact that pair is trading below 200 EMA. I...

Krystiannwk

I wouldn't scrap this trade just yet. When we look at 4H chart it is clear that 200 EMA is creating some support. Our main support at 0.000010000 level is not touched yet so I would stay with long position. I still think that the pair will go north and it is matter of time. If for some reason price will go further down, I would close position beyond 10000 level.

Krystiannwk

4H chart revealed some interesting price action. Psychological level (0.00001000 round number consolidated with GAP) mentioned in other idea was tested twice in last 2 weeks with negative results. Few candles managed to close above but these profits were quickly erased by market. Doji candles also indicated that market is strongly rejecting any further gains by...

Krystiannwk

I marked rounded bottom which was confirmed as the trend reversal formation. This kind of formation is very reliable most of the time. Pair is flirting with psychological level(0.00001000) which is consolidated with GAP from Daily chart. I think it is wise to wait a little bit to see what market will decide. I’m waiting for more confirmations.

Krystiannwk

ETH had very interesting movement for the last couple of weeks and I think that the losses are not finished yet. There is a big bearish candle from 3rd of April. This kind of big candles tend to create support/resistance which is placed at 50% of Retracement of the body of the candle ( shadows doesn't count). …Yes you can apply this kind of analyze to any...