All information in the chart. So far bitcoin has been very resiliant and every dip has been bought agressivley. Are we distrubting now ? Maybe, but so far the 21 EMA has held. If it breaks I am targeting 7200, 5900, and 4200. Cheers guys, Liberty p.s. please like and comment I really appreciate the feedback.
Fundamental thoughts Well Lads, bitcoin looks weak, but what's new? This entire move has been driven by the largest scam actor in the space Bitfinex in an attempt to recover/cover up their $850 million dollar in funds. There is no doubt the only reason bitcoin is still trading in the 4 digits is because of Bitfinex and their desperate attempts to prop up the...
Well, here we are, the bulls are euphoric at resistance...again. Crowd psychology never changes and peopel tend to become irrational right at the wrong times. So, I am betting our top holds for now and we get a move down to test our first breakout zone. I belive firmly we will retest the second breakout zone at some point I just don't know when. If bitcoin...
Hi guys! I have written most everything inside the chart! Make sure and let me know what you think! Is crypto printing an S/R flip or are we going higher?
Is a tiny fractal repeating?
In my humble opinion Ethereum looks pretty bullish. A test of 200-210 seems LIKELY at this point. The only thing holding me back from being extremely bullish on this is the ETH long to short ratio on bitfinex. I say long Eth we could get a big move soon. Red Boar
Guys! I thought it would be fun to get yalls opinion about where we are headed! I would love to get as many people from trading view involved in the comments below as possible! The more you like and comment the more other people will be able to do the same! Remember There is no right or wrong answer here I think both possibilites are equally as likely! Hope...
If bitcoin is able to pump through current resistance (5500-5800) on expanding volume I think the time to begin buying the dip will have arrived. If, however, Bitcoin is unable to maintain its bullish posture and is instead rejected at resistance this whole move can be chalked up to a retest of support turned resistance..a devlopment that would be very bearish....
Ok so my last idea did not turn out so hot...but hey can't win them all fam. Anyways, if you are still bear biased and looking for some hopium here is a shot for you. In the 2015 bear market we had very similiar price action. Price rallied above both daily 200 moving averages after a prolonged bear market under them. However, the rally proved fatal to mid term...
Be Very careful premature bulls...bitcoin is grinding into resistance on weakening volume while printing bearish divergence on the 4 hour. Could we explode upward on large volume and confirm a breakout of the range? Of course, but right now the technicals are pointing to a weak push into resistance. I am flat currently but am considering a very small/tight stop...
Shorter Term set up here, Bitcoin has printed a low volume ascending wedge all the way up to the edge of resistance, even if you are a perma bull a short here with this R/R is a solid set up...Worst case scenario you are wrong and get stopped out. The stoch RSI is also topping out at resistance and the regular RSI (not shown here) has printed bearish divs on the 4...
Although my previous target was not hit...the lack of volume on this dump when coupled with the support from the bottom of the channel has made me rethink my position. I have closed my shorts in profit and am waiting for a bounce to my target zone in blue to re-short OR a breakdown at which time i will begin looking to short on the restests of previous support...
High R/R trade...easy exit point if it goes wrong...let's see!
Lowest Volume since Feb 2017 Historical volatility at all time lows. 200 EMA resitance right above us Low volume consolidation after impulse move To me...all this screams a large and violent move is on the way. I believe the R/R heavily favors the next violent impulse made to be down. I am short Please leave your comments and thoughts below!
I believe that ETH is giving us an early warning to what is about to happen to the crypto market. I believe the bearish S/R flip on ETH combined with the INSANE level of ETH longs open on finex points to this entire period being a consolidation before further downside. I could be wrong of course and I am very aware of the possibility of stop hunt wicks to the...
I don't have much to add except I would love to hear your comments! A like and a share is also appreciated :)
Well, this weekly candle is shaping up to be a doozy. Bulls pushed euphorically higher all week only to learn their dreams of mewn town would instead prove to be the dreaded kiss of death. ETH perfectly kissed old support between 160-165 essentially confirming it as resistance and all but ensuring we see new crypto lows. If a weekly candle can open and close...
High R/R short here, scale in up to previous top and walk away. Stops somewhere above upper trend line. Either way we are printing big time bear divs and things are begining to look toppy. Let's see what happens.