4Hr Recovering from the Nuclear Bomb, I was a little surprised to see such a steep selloff without having any news catalyst. Except the North Korea news. Which could support my previous "BTC-Conspiracy Time" post. But there is no news about the CBOE ETF. We have price that tested the 0.382 Retrace level. This area has support from our previous...
Shorts are very Extended Once again. They are leaving themselves open to get squeezed. Let's see what happens.
If you want the details on this Inv- Check out my post a few days ago about the possibility of forming one, linked below. This analysis is for the Tin Caps. Lets do some Research and Creative Thinking! I will try to not draw too many conclusions but I would like for people to take their naive hats on and put on their everything is "manipulated and has a...
This is an update to my recent post, outlining the target areas. In my last post I mentioned the Inv H&S that may be setting up. We would want to see declining volume generally as this pattern develops, specifically when forming the right shoulder (and even more so the right part of the right shoulder). We don't have to form an Inv H&S. we could break...
Fricking Winkles' I guess the market realized this was not the droids they were looking for. Headline: "ETF Denied" SELL! 12 hours later, Oh it was just the Winkelvoss Brothers and CBOE is still on schedule. BUY! arg. Potential for an Inverse H&S if BTC doesn't break through 8290 with high buying volume that would allow us to drift down to this trendline...
Unfortunately, the people who make the most money are the ones that can initiate huge sell offs and liquidate accounts so they can buy back in cheaper. Unless you get in early enough to be out of danger for this sort of thing its very difficult to day trade BTC for this very reason. The leveraged exchanges kind of push the market around in market cap, and when...
Hey Guys I found that the Coinbase Chart looks quite a bit different than the Bitfinex chart, It's giving me a clearer picture of this consolidation. This pattern has a nice decline in volume signifying a potential break if volume is there. We want to see how much buying comes into this trendline if we break it. I drew in some fake volume bars to show what we...
Stochastics are oversold and will help push us up. As well as the buying orders | stacked orderbook in Bitmex. 8223-8226 Would confirm counter trendline break to the upside.. Short term upper movement to 8300 area, within consolidation.
Equilibrium forming. Currently we are right in the middle. Looks like a snake coiled up and ready to spring. Expect upside movement soon. Volume declining overall. Good for a potential aggressive price action move Potential Bull Flag in Orange. Experimental at this stage. Profit taking has started, there has been quite a bit...
We have Bullish divergence in the RSI (orange lines). Stoch RSI 15 minute is oversold and starting to come up. The volume on our low of the drop was pretty significant and as I mentioned when it was happening, would probably put in the bottom of this down leg. It looks like we want bust out of here, looking like mostly up from here until we find the high of...
Most up to date: 11:50am EST. Getting High Volume as this continues to drop. This high volume appears to be bottoming volume, 8068 Low. Its a fight, but the bulls are deff. present and Buying Starting to break down: looks like Bulls are putting up a fight so far. If they manage to push this sell candle back above support then that would be pretty bullish. ...
15 minute If volume stays low throughout the potential handle then it could produce another impulse to the upside. If the cup and handle fails, then we will look to form a bull flag consolidation, bias to the upside until further notice. 8300 Resistance 8100 Support The 1HR Stoch RSI is oversold and ready... but the other lower time frames need a little...
Were at this level of prior breakdown acting as resistance... We have made a lot of ground breaking through the Triangle of 5 month Prison Sentance. This level will probably be the best last time that you want to to enter BTC for a swing trade. Most of the good opportunities have passed. We can see how little pullbacks were afforded the indecisive bulls. I...
Hello Hello Hello... . Wow.. what action in BTC... Market cycles... Change in behavior. What the foul is this animal that were dealing with? There have been many notable changes in behavior in BTC. It started with the first change in behavior in MONTHS on 6/29 at lows. We had an impulsive move up ... small consolidation (4hr) and then another impulse up....
Hello Hello Hello... . Wow.. what action in BTC... Market cycles... Change in behavior. What the foul is this animal that were dealing with? There have been many notable changes in behavior in BTC. It started with the first change in behavior in MONTHS on 6/29 at lows. We had an impulsive move up ... small consolidation (4hr) and then another impulse up....
We just saw an aggressive sell candle. This candle had a ton of red volume and could potentially put in a bottoming area. This could be a rounding bottom situation where we end up forming.... You Guessed It! Inv H&S. Its like Sunday school where the answer is always Jesus. Flags and H&S patterns are crypto. Anyway. Don't be too scared at this point, this...
30M We had a beautiful reversal pattern that lasted for a month. Think great wall of China that you can see from outer-space. I aim to ride this tsunami for as long as it can run, from this impulse & bull flag consolidation, I expect to see choppy action and probably higher levels. We could be starting an intermediate term Bullish cycle, even though we are...