bshgeo

bshgeo

ETH to continue higher. Look for ETH to reach Blue B before making a minor correction and continuing higher to Blue C. We have moved into a solid Bullish trend on ETH and BTC. Many alts are also moving higher, but with less strength and conviction than ETH. ETH is the most used Blockchain with far more more tokens using it than its nearest competition for...

bshgeo

Cheers to all Bulls! I really do feel sorry for the any remaining bears going forward from this point into the intermediate term over the next few weeks anyhow. I expect BTC continues higher completing the current short term B Wave 5 as depicted. My trading plan has became much easier since BTC began this bullish sequence. It is no longer necessary to...

bshgeo

ETH based on volume and price action over past two days has reversed ending the steep correction moving higher on positive volume and price action. My forecast for a bottom was at $650.00 trend line/Fib level and ETH/Dollar traded below that level briefly before reversing higher. Crypro's across the board have enjoyed solid gains since Tuesday's turnaround...

bshgeo

Congrats first to all who took a position at the 6,000 range. You have had a very nice gain in the past two days. Cheers to those who caught that trade! i6,000 the "BOTTOM" ? Volume and price aligning with a major trend line and a key Fibonacci retracement level which we were watching as a likely bottom price certainly seem to say so. These factors strongly...

bshgeo

I expect BTC to bounce and trade sideways on the lower trend line its beneath at present prior to moving lower to the 4000 level and 100% FIB. With that said it is possible we somehow could also be on or at a bottom but little in price or volume would support that view. Taking a position here If you cover it with a stop loss at around 6000 may be a good entry if...

bshgeo

BTC is looking to next test the .718 fib which aligns with the long term trend line below. It is currently in again an ABC lower wave correction. Hopefully, anyone taking the long trade a couple days ago kept their stops in place and made a little money on the bounce before we continued correcting. Today, I see little opportunity to take another long position...

bshgeo

BTC on daily chart suggests the bottom is getting near as we see RSI deeply down and the MACD beginning to appear to want to turn positive. Volume was heavy in this sell off so a lot of weaker hands were shook out. I believe BTC will move sideways and higher from here toward labeled black 5 at which time price action will dictate the next call in movement. I have...

bshgeo

ETH is looking more positive in the near term anyhow with potential bounce here. I added ETH at 853.00 setting a stop below at 800.00 to limit losses if turns negative. Most likely outlook is ETH rebounds to shown higher FIB before potentially turning negative. Entering trades in ETH or BTC on these potential bottom long term trend lines which align also with the...

bshgeo

BTC is making the forecast bounce as expected at present. Look for it to move up and then re-test the low or fall farther to the 5900 level. We will need to watch price and volume as this progresses to determine probable low is in on a re-test or more pain is coming. I added BTC here and set a stop below entry price in event this move up turns more bullish. It is...

bshgeo

BTC has bottomed the minor abc decline and will now bounce before I expect again moving lower. The next move down will likely indicate if this last low will hold or if we go down further. I added some BTC here with a stop below at 8000.00 which I will adjust upward as BTC moves up. Calling a bottom perfectly or a top is difficult it is better to enter on suspect...

bshgeo

Look for ETH to continue decline to the $650.00 lower trend line and FIB level before any hope of a trend reversal. When we get that target you should assess if it is a reasonable entry point or if we will move lower. I hope to publish an update at that point as to my thoughts. However, we need to see some solid buying before I want to take a position in any...

bshgeo

My thought is BTC is in an near time (today) ABC correction which will move into the 8700 (red c) or lower level prior to bouncing per the blue arrow to number 5. I expect BTC to then move as low as 5900 over next week or so and at that time will determine if this major correction had concluded or more pain for Bulls is coming. Good luck.

bshgeo

BTC continues to move lower in a downward diagonal corrective pattern. I am looking for 8700 or lower prior to any bounce up. Once we test the 8700 level we should be able to have better insights into moves BTC will make thereafter but Bulls may be in at that point for even more headaches. Good luck and keep your stop losses in place.

bshgeo Updated 

BTC this am is trading arounf 10800 and at the bottom of the blue triangle. It either will trade up to the 11600 level then break down or just break down without the bounce to 11600 I believe. If I was going to day trade it today I would enter here and look to sale a little bounce up to 11600 and then short from 11600 to 10000 drop. Interesting when it drops to...

bshgeo

Yesterday I said watch the roundies for resistance and failure and BTC failed on the 12000 resistance. I think the bullish move yesterday was all tether related as people moved out of tether into BTC and others like ETH expecting better safety. Today you can see we are breaking down on a 5 count triangle in blue. Below is a long term trend line which should be...

bshgeo

BTC TURNED UP ON A TETHER SCARE AS BITFINEX THE TETHER (USDT) OWNING COMPANY AND THEIR AUDITING FIRM ANNOUNCED THEY HAD TERMINATED THEIR RELATIONSHIP. IT APPREARS ON THIS NEWS MANY WHO WERE IN TETHER BOUGHT COINS BELIEVING IT WOULD BE A BETTER PLACE FOR THEIR FUNDS. WHETHER ANY OF THIS MATTERS I DO NOT KNOW AND HAVE NOT HEARD THE LATEST NEWS. BUT AS SAID ALL ALONG...

bshgeo

BTC REMAINS IN AN OVERALL BEARISH TREND. SHORT TERM (NEXT DAY) I EXPECT BTC TO GET A LITTLE BOUNCE UP. HOWEVER UNTIL WE TAG THAT 8700 LEVEL I JUST DO NOT THINK IT CAN ESTABLISH A BELIEVABLE UPWARD TREND. I DO THINK POTENTIAL OF MOVING LOWER THAN 8700 RANGE, WHICH SEEMED LIKELY A WEEK AGO, IS NOW UNLIKELY. RSI IS SHOWING HEAVY UNDERSOLD AND MACD SUGGESTS A MOMENTUM...

bshgeo

BTC APPEARS AGAIN IN ANOTHER LESSER ABC CORRECTION TRYING TO BREAK DOWN ON THE SHOWN TREND LINE. IF TREND FAILS LOOK TO 8700 RANGE IN A MEASURED MOVE BOTTOM WHICH WAS NOT FULFILLED EARLIER IN THE WEEK. GOOD LUCK AND KEEP THE STOP LOSSES ORDERS IN UNTIL WE SEE HOW BTC DOES ON THIS TREND LINE ITS TESTING.