dacto

dacto Updated 

We have two ways to go A bounce back to 9400 and fall or direct fall...

dacto Updated 

It had been a long parabolic ride which ended of course with a nice correction. A pull back is likely however a direct crash is also still on the table, we can have another November 2018 dump directly. I will be laddering longs. Good luck everyone

dacto Updated 

Bitcoin is known with its weird patterns which gets rid of both bulls and bears in a single move. Here as we can see that the most bullish bears are expecting a pull back to 8800 - 9400 level to go short till 6k or 4k or whatever... At the same time 10k is a really important level for the bulls. They will be checking out the prices above 10k and will be going...

dacto Updated 

LTC is forming a beautiful ABC formation which will probably end in 37-43 usd range. Really beautiful pattern to play. I am accumulating from these levels as well. Will be laddering all the way down. After the crash it is obvious that LTC will give us a x2 bounce as it always does. Target will be around 80-90 usd, details will be discussed later. This is a...

dacto Updated 

Bitcoin has hit a strong trend line and using it as support right now. It is loosing strength but it is still likely to bounce back to 8700 and try breaking that resistance line. Breaking upper resistance line will shoot us to 9400

dacto Updated 

You can see the weekly RSI above the chart. In a bull season 40-50 Level RSI is support and below is not generally considered bull. In all the bull seasons of bitcoin, it nearly NEVER dropped below 50 other than a short time in June 2013 bull season. It bounced back in a week! Here we are in the range 40-50 waiting to see what will happen next. We might find...

dacto

We might consider an expanding diagonal triangle right now. A candle close below 7750 will invalidate the count This is a short term play. Great trades everyone!

dacto Updated 

Bitcoin seems to be forming a running flat for the last days. I believe that we are at the C wave of this flat now. If BTC cannot break above 9000, the correction will continue, till then I am bearish.

dacto Updated 

Bitcoin has been struggling below 50 daily MA for a while. Yellow line is 50 MA and Red line is 200 MA. Looking at the past, we might be about to see a pull back to 50 day MA and a test. Targets are from 9400 - 10000usd If bitcoin decides to reverse the trend we will be buying back above 11k. Enjoy the green bars my friends!

dacto

Bitcoin just waited for most of the people to say `damn this is not going to go up` to make its move up. As expected... Thanks bitcoin And here we are at 8600 levels where most of the people expected the bounce to happen. Bitcoin seems strong for the short term and can retest the bottom of its descending triangle, which means up to 9400 levels - even it can...

dacto Updated 

Litecoin is forming a short term bullish pattern however we should not forget that ascending triangles also have the option to drop down, less likely but it is a probability. Nice risk to reward...

dacto Updated 

Hello everyone I checked some of the previous weekly 21 ema crosses. I circled the bear crosses in red and the bull one in green. Even though we are in a really important bearish state right now, there is still a probability we are falling back to a bear market. It is not likely for BTC to cross below 21 weekly ema in a BULL market but we can see that there can...

dacto Updated 

Bitcoin has never closed more than 2 red monthly candles in its entire history in a BULL market. For the first time in its history bitcoin has officially closed its 3rd RED monthly candle. I will be checking the daily and weekly analysis and will be updating you guys. This is a really important WARNING for us.

dacto Updated 

Short term trend is still up. We might have a nice leg up before the crash.... Target 8800 USD

dacto

ETH is showing some strenght. Even though a further crash is on the table maybe we can profit from a little nice long

dacto

Bitcoin sure will be falling more. But is it possible to see a deadcat bounce before?.

dacto Updated 

The basic ideas behind Parabolic Arc patterns: Pattern is easy to spot but difficult to trade with excessive volatility. Most Patterns retrace to 62–78% of its rise. 50% retracement is first target. Do not overstay in your trades Stay away from “Parabolic Arc” patterns buying (after retracements) as you truly never know where/when it will start reversing. Do not...

dacto Updated 

Hello dear friends I have been charting both the bear and bull scenarios for a while - generally bear. Here is my bull and the bear scenarios. There are based on elliott waves and fibonnacci numbers. BULL SCENARIO THE DESCENDING TRIANGLE we had has at least the target to lower 7k to 6k. So I think it is reasonable to buy from those levels. We can directly...