Hello cryptomaniacs, BTC is still in the mother of all bear markets and descending triangle as we speak , so the technicals are still in play as the last analysis. Volumes are low, sentiment is down and the tourists have left. BTC is lonely and needs some love and affection. There needs to be more new money, more excitement and more fomo if it is ever going to...
Hello cyrptoheads, I know that today was very demoralising as BTC shed $1000 that almost took 4 weeks to get to. We know for sure that insider trader was responsible for this and all retail investors were lambs to the slaughter. The only ones who survived had a friend on the inside of Wall street that messaged to go in short right before the crash. However, at...
Hello Cryptonutters, Nice close for the daily today with BTC rising nearly $200 and holding. BTC is currently in a upwards channel on the higher hourly timeframes. The upper band of the channel has been breached and as you can see will now act as support at the $6700. From a technical view the action will start as it heads to $6800 which is a very strong...
Hello cryptocritters, BTC has shown some bullish tendencies with the last 24 hours seeing it break out of the descending channel from the $8500. The ETF fomo is starting to wear thin and at this stage only accounts for the rise in BTC dominance but not in organic price rises. Just remember the earliest a decision on the ETF would be early March 2019. BTC is now...
BTC - There are many reasons why right now BTC is likely to go up, rather than correct. Not the least is the extreme FOMO on the ETF decision, and we are still weeks away. The TAs screaming for a correction right now may have not adjusted for that fundamental. Also, the solid consolidation in this zone is a bullish sign considering where BTC has been the last 8...
Hi all cryptomaniacs, BTC has again broken down in a now very familiar pattern. From the recent rally to $6800 it has now retraced to the golden pocket at $6140. I expect a nice bounce from this position rather than further falls. As you can see a descending triangle has formed and the probability of a break out is high. The resistance cloud is at $6450. The short...
Hi all cryptomaniacs, BTC -3.10% has again broken down in a now very familiar pattern. From the recent rally to $6800 it has now retraced to the golden pocket at $6140. I expect a nice bounce from this position rather than further falls. As you can see a descending triangle has formed and the probability of a break out is high. The resistance cloud is at $6450....
Hello fellow cryptoheads, There is no mystery in what is coming to BTC as you can see. Make no mistake folks this is the most important move for BTC. The massive ascending triangle would normally break down near apex, and that is 75% chance at the moment. The drop would probably retest the lows zone again and put to rest the triple bottom scenario. The other 25%...
Hello cryptohounds, BTC cannot shake off the bear market, and has been rejected at every opportunity. This is a clear signal, make no mistake. Just like the traditional stocks , there is no easy money in this game. Where to from here? There is a simple and clear answer. There is the yellow bull flag with a flagpole consisting of the run up to the all time high....
Hello all cryptoonions, BTC has still yet to show any bullish reversal so far. It is now well under the daily 0.618 fib with little established support below the 2018 low. If we zoom out to the daily chart, in theory the massive run up to the ATH is the flag pole and the current price is now at the apex of the flag as shown in purple triangle. At the bottom is...
Hello fellow cyrptoz, BTC trading has certainly been subdued with low trading volumes and falling prices. This is why BTC is in a channel ticking highers lows but feeling very quiet with few buyers stepping in to deliver the holders the pump they need. When you look at the bigger picture the end of 2017 was a frenzy of buyers far outweighing the sellers and over...
Hello fellow crytpoheads, I thought I might go through some longer term projections in this analysis. On the daily chart the most important line is the green support line which as shown has now supported three attempts to break it. While the three lows are bouncing higher, the corresponding highs are also lower. After some time this formation, a massively bullish...
Hi all cryptomaniacs BTC is still in mild bullish reversal, making the Wave 2 ABC correction. However, there are 2 strong counts one in pink ABC which has already been exhausted or the one in red which is still in play. It does not make much difference to the longer trend BTC is coming into. The good news is that once we finish this retrace we will be heading for...
Hi all cyrptopeople, since the last TA BTC price has dropped below the 0.786 Fib line without a rebound, so unfortunately there will be little support under this until at the $7000 mark. On the hourly charts there have bear flag galore on the way down and now in an extending and descending 5th wave.The good news is the bottom of the descending triangle is in the...
Hello all crypto units, It has been a very slow moving BTC continuing its break down to the much anticipated $7800. The way I see, BTC is at the bottom of a nice Wave 2 EW corrective formation(purple line). There is a descending triangle forming over the top of the EW 5-3-5 correction. There are still two more waves 4 and 5 to come as it nears the apex bottom....
Hi all cryptoses thank you for joining me . Btc has again declined against the backdrop of Consensus 2018 an industry backed conference. Apparently the pump that we were told was about to happen did not start for a month or two after the previous years Consensus conferences. Be patient, the beauty is everyone that is locked in a long position will have to wait for...
Hi all cryptopeeps, here I like to give punters a short to medium term view of the BTCUSD trajectory. That can be anywhere from 24 hrs to 1 month. Well BTC has shown us this week it has a mind of its own sometimes. At the moment the lack of movement and indecision might be driving some of us crazy, but we should see some action in the next 24hrs to 48hrs and here...
Hello all cryptobuddies, here I like to give punters a short to medium term view of the BTCUSD 0.90% trajectory. That can be anywhere from 24 hrs -0.04% to 1 month. BTC has confirmed the primary EW form and market structure rather than the opportunity for bears talking it down to $1000 again.Yes, BTC has been breaking all supports lines down to the $8200 mark but...