All the details are in chart. The title is a little provocative intentionally. The reversal has not started yet and I don't want to be like Magic :) When you are looking at this, be sure to check out the related strategic view, it's important for the big picture of where we are.
Idea for friends and log keeping to refine strategy.
This is only a strategic view. For personal record keeping and strategic view. This picture is NOT self-explanatory. This is time analysis. For what the price is able to do, see previous posts. There are Fibo time zones on this daily chart only. Three different in three different colors. Green and blue are only for show, to draw attention, how Fibo zones...
There is a visible Wedge pattern on BTC. Obviously, the pattern is only confirmed when it brakes out. So no trades please based on this picture. Only if you know what you are doing. Break ob 9900 on the upside would bring bullish pressure and a possible retest of 11780. This analysis is here in case it breaks 9900. If that happens in a short amount of time...
In my previous idea I laid out arguments for a dip in detail and it played out nicely. As identified in the analysis. But still, some wouldn't listen. Hopefully, price action will give some nice patterns in future. Price action was horrible during last two weeks. The path of least resistance is down. It is a one-way street, however, stops are scheduled. First...
This is only a strategic view. For personal record keeping and strategic view. The picture is self-explanatory. I am posting this as strategic because it is a part of my larger collection of BTC pictures. This is a 4H chart. I will not comment the indicators, the price action itself is more than enough. From my experience, it would be silly to expect a...
This is only a strategic view. For personal record keeping and strategic view. The picture is self-explanatory. We are in an uptrend. However, we are repeating the 2013 peak. In 2013 it took 91 days to reach the bottom and the correction was about 75%. As of today 24/02/2018, the current trough sits at 63 days and about 67% from the top. There is also a lesson...
This is only a strategic view. For personal record keeping and strategic view. The picture is self-explanatory. The most important conclusion is, that support line (green) must hold. Otherwise, there is no possibility of breaking to the upside in short term.
Current market environment is nightmarish for TA. Argument can be made for all three directions the price can take. Up, down and horizontal direction. To make absolutely clear. For educational purposes, now is not a good moment in time to enter a trade in anticipation of any direction. However, time is swiftly running out. Let's also acknowledge that XRP is a...
Analysis shows a good risk/reward opportunity in Zcash. For all the traders out there: consider reducing your normal trade size. Market have no volume and it is getting more difficult to make educated guesses by the day. Chart does not contain theoretical stop levels and risk/reward ratio. It is educational piece only. If in doubt, you can PM me.