checkm8

checkm8

Potential fractal playing out on BTCUSD. This aligns with my personal assessment of the approach to the A&E neckline on the 4 hour chart, as shown below: Given the long fib over-extension to 3.618, I believe we are due for a correction, but it will be choppy and slowly drawn out. I also believe that this will grant us a chance to revisit the .618 ($3,660) of...

checkm8 Updated 

Above is the ideal scenario for the inverse head & shoulders on the 4h BTCUSD charts, as per Bitfinex prices. $3,700 is a critical level, not only because it is the .618 fib of the entire wave from $3,200 to $4,380, but it is also the support level of the left shoulder. As long as this level holds, the IHS and cup & handle patterns appear valid, for at least a...

checkm8

Hello and welcome to my potential reversal point idea on BTCUSD. Following the extended selloff period on BTCUSD, I am anticipating a reversal point along the .236 fib level from the greater trend (10,000 to 5,750), which also aligns with the .618 fib level of the local trend (5,750-8,500). This would imply targets between 6,750-6,800 for ideal entries, although...

checkm8 Updated 

Hello and welcome to my idea of potential BTCUSD targets over the short-mid term trend. My targets are derived by Fibonacci levels, primarily those established by the most recent trading range, established by the highs on June 18th and lows on June 24th, as well as the larger set of Fibonacci levels, established from the $10,000 touch on May 5th, down to the lows...

checkm8 Updated 

Hello and welcome to the revision of my working theory regarding market patterns in cryptocurrencies. This analysis follows my previous write-up regarding why intra-day traders in cryptomarkets should focus on alt-usd pairs as opposed to BTCUSD, found below: In this analysis, I focus on the 4-hour timeframe as opposed to the daily timeframe found in the...

checkm8 Updated 

Hello all and welcome to my analysis of trading patterns in crypto markets! Before we begin, there are several key assumptions we must establish: The reference data is based on trading prices and volumes on Bitfinex. This is because I believe that Bitfinex is the leading exchange in the cryptocurrency market due to its popularity, despite higher recent BTCUSD...

checkm8

BTCUSD appears to be forming a bear flag within an ascending broadening wedge. Based on this assumption, I am expecting an inflection around 8,400-8,600, which would be at the 38.2% fib level, running from the local bottom of 6,400 to the local high at 9,750. In alignment with the ascending broadening wedge, this would be the second touch of the bottom trend line...

checkm8

Pretty ugly chart, but we'll look past that for a bit. BTCUSD has been making multiple M formations over the last few weeks and it appears we are retesting the neckline of the M that began at $7,200. By formation, the target for the decision point lies in the range of $8,300, along the .236 retracement point on the fib levels running from $6,000 to $11,800. If...

checkm8

If it looks like a bear flag and fucks like a bear flag, it might be a bear flag..? I hope I'm wrong.

checkm8

Muh narrative says that the failure of DMI's to cross on 4h reinforces dominance of the bear trend. MACD crosses imply further downward momentum is imminent, supported by rising ADX on -DMI dominance on lower time frames. Also looks like a fractal of the move down to 6k. May God save us all.

checkm8

ETCUSD hovering at the .618 fib line and fib fan, 4 hour RSI hovering at 20, and TD sequential implying a reversal will soon take place. Why not?

checkm8

This is my forecast based on Fibonacci Retracement levels. I envision a support forming above the $8,500 level, after breaking the long-anticipated $8,000 mark, and a channel forming between the .618 ($11,000) and the .786 ($8,500) levels.

checkm8

High resistance at 20. Worth against USD.