ciekawy

ciekawy Updated 

The fight for the breakout seems to be not over yet as on a weekly chart the price barely touched the downtrend line. It may need to close the week firmly above 8900 and considering last week volume is pretty low next wee should bring some more fight and more volume to bring more clarity

ciekawy Updated 

this is some extreme chart - BTCUSD divided by DXY^20 - power of 20 - the wild guess number - kind of arbitrary while trying to remove some of BTCUSD / DXY correlation noticeable since the beginning of the 2018. I believe it makes some sense as the result chart looks less volatile then the BTCUSD itself. Also some lines drawn shows possible direction of BTC to...

ciekawy Updated 

for this chart Long only after confirmed breakout - best to enter on retesting the neclkine which is also the downtrend line from some decent level like 9200-9400

ciekawy Updated 

looks like we're in an important point as we've touched already the downtrend line on the log scale today

ciekawy Updated 

after scaling DXY by quite a bit there is noticeable correlation with BTCUSD - my other chart tries to "decrease" the DXY influence (which in such case may actually be pretty big, for whatever reason) from the BTCUSD chart. What I'm trying to say in other words is that regardless the fact BTC value expressed in USD has it's own path in time which is pretty...

ciekawy

looks like this may be atry to move up by wedges ladder ;)

ciekawy

the bounce move still looks pretty strong. May we expect a retrace to 8400-8600 before further up-move continuation? I'd see bigger resistance though above 9600 and 10200.

ciekawy Updated 

the breakout was strong yet similar to the move 8500-9800 from a week ago so nothing really sure yet; the main good sign this time the volume was much higher. Worth noting 8350 low to latest 8700 high line is aligned with the one connecting lows 6000 -> 7250 which may suggest a rising channel is forming with the high targeting over 13k and a middle around...

ciekawy Updated 

the wedge seems pretty visible - along with the gap left at the top it may suggest timing

ciekawy Updated 

if so than the new one seems to be 1.5x bigger

ciekawy

As the gap at 9075-9174 was asking to go back down we may now have another gap left up there

ciekawy Updated 

if the downtrend line from the ATH will hold and uptrend blue channel will form then we may finally move more up...

ciekawy Updated 

Looking at the weekly RSI may be interesting. we can identify one similar situation in Jul 2013 and we're in the middle. The main difference is the down move from this week which actually just confirms lot of other analysis we seem to be at the key levels. If we look at the RSI channel marked with blue lines - it is reflecting the hockey growth from the last 3...

ciekawy

BITSTAMP:BTCUSD * All the presented ideas are my personal opinion and are not supposed to be trading advice. Publishing the ideas is also a way for be clear about my view and be able to verify them in the future. I consider myself amateur in terms of TA. I would love though to read comments from you and learn from them. *

ciekawy Updated 

seems that there was an uncovered gap from the middle of recent run up. The question remains if the support will hold - the rejection at 9k level seems quite strong on 1H and volume is pretty high as well, we have a lower low though... BITSTAMP:BTCUSD

ciekawy Updated 

This is my first idea published here, welcome ;) Apart from the inverse H&S (we just need to ignore the initial downspike part) we have also the downtrend line. What's interesting this chart is for bitstamp and the downtrend line is slightly higher so while on bitfinex the price is over the line here since the dip wire still most of the time below the trendline...