Most of my charts thus far have been a short analysis, and here is another one that visually depicts quite a lot but I shall explain. The current pennant is formed from a larger previous pennant we broke down from leading us to under $7,000. These pennants are derived from fibs levels, trend analysis and then looking for points of correlation. This allows for...
If you refer to my previous chart posted you will see how I isolated the breakdown, and what a dump it was! I have left the curved trend lines which represent support and resistance, and in this chart I have extended the white curved trend line which is resistance, and we can see how the trend is curving down. I believe this white line is a solid resistance in...
Nothing more needs to be said,
Like my previous charts, I like to keep them neat, clean and tidy with a clear chart speaking a thousand words. Suffice to say, we get analysis wrong from time to time and this is inevitable. However, my charts have been particularly reflective although highly obvious that the trend was turning bearish. In this chart, I convey quite a simple analysis. Two trend...
Again, a simplistic chart with a poignant message. Bitcoin on the 4 hourly is rather interesting, as we see the 50MA holding up and starting to curl to the upside, with the 200 MA curtailing down. A sure bullish signal is when we see the 50 MA cross-over the 200 MA and hold. I would like to think the Pennant, which is a fractal derived from trend lines and fib...
So here is another chart I present you. We've had a good efficacy rate on all charts however; does this mean that one should trust a published chart, but rather, scrutinise it via cross-correlation of one's own technical analysis. I point out that i am not a perma bull or bear, I will however trade long or short over a long period of time, and there's been...
Again, another chart but still in line with my previous published ones. I still hold short, and suffice to say i am very happy with the outcome. I know some people like to see thousands of indicators and a million trend lines, etc - However, i don't see the necessity, and would much prefer just presenting a chart with a target of still $8,800-9,000 levels, and...
For the Perma Bulls, this is your price range to break $9,729-9,768 A final chart to compliment pre-existing authored one's for today. Thus far a good efficacy rate has been obtained as per trending conformity, with areas of key resistance identified. This chart elaborates a bit with respect to more detailed indicators, and highlighted areas such as, zone to...
The chart truly speaks for itself, if you ain't short you've clearly skipped a thought. Good luck.
Trend lines GALORE and fib retracement tool, which is fairly self-explanatory however; let's expand. 0.618 rejected, which previously acted as support so we know for the interim $9,666 is a key area of interest to break to validate a temporary reversal, with a higher high holding above the bearish trend line, and breaking to the upside, which i doubt very...
First chart to be published, and a very brief one at that. I have two targets which are informed by a systematic approach using indicators, fibs, trending and a little bit of MAGIC!! I am short to these targets, that is all