gottimhimmel158

gottimhimmel158

Here's an example of BTCJPY with an ascending scallop and down break. The price target is the valley of the pattern to the top of the pattern taken from the bottom of the pattern. This is the full price target, whereas the measure rule is 0.25*the price range. Cheers

gottimhimmel158

You should have the BTCUSD LONG/SHORT both on your watchlist. The spreads are closing. 5.4% of longs on Finex were just liquidated, shorts remaining steady. I've been predicting a LARGE DUMP for days now and I see us nearing it soon. All of your perma-bulls, in my opinion, are about to have your a** handed to you. I COULD BE WRONG. TRADE AT YOUR OWN RISK. I...

gottimhimmel158

The Bitcoin/Won price is a more clear rising wedge with busted breakout/throwback. IF Bitcoin/SKW reaches the price target, then we should expect a rapid return to $7700, depending on how much of a premium/discount the Kimchi price is. Right now the Kimchi is UNDER the USD.

gottimhimmel158 Updated 

Bitcoin is trading around $8030 at the moment, which is $300 lower than BTCUSD on Bitfinex (what an Arb opportunity!). It's in a clear rising wedge.

gottimhimmel158

And as we're nearing the printing of the weekly candle on Bitfinex, we're forming another consolidation area. Yet again we find ourselves in a symmetrical triangle/bull flag.

gottimhimmel158

Hello Patrons and guests! On this episode of the podcast, we dive into my thoughts on Bitcoin (BTC) and why I remain short even though I've sustained losses. Here's a bullet list for the readers: 1. The large move up was pure short squeeze. 2. Too much whipsaw and consolidation following the pump. 3. A simultaneous increase of 8% in short positions on Bitfinex...

gottimhimmel158

Litecoin brokeout upward from the descending triangle and three falling peaks pattern. We reached over $132 but have rolled over rather quickly. This all feels artifical to me. Each time Bitcoin or litecoin wants to roll over, we breakout to a higher volume area. I remain short.

gottimhimmel158

Litecoin has formed a three lower peaks pattern in a descending triangle, following a vertical run up. I am expecting a down break of the triangle and lower peaks, and my buy back in price is $114.75.

gottimhimmel158

I've absorbed losses on my short positions because to be honest I'm not buying it. My analysis states that because we're in a low volume area, we're so far from the point-of-control, we failed to following through with the short squeeze, there's very little volume, and we're forming lower highs, we should expect a dump. I am short because this move up is going to...

gottimhimmel158

Whales/Institutions are onloading/offloading contracts in this high-volume area; we're seeing whipsaw in this area for that reason. Within the next 48 hours I expect to see a large (10%+) move in one direction or the either, and the big players don't tend to lose. Their setting up for either a pump or a dump, and it's up to technicians to figure out which. My gut...

gottimhimmel158

Here is an annotated Bitcoin price chart (1hr) with markings and remarks using only price and volume. Fibonnacci Retracements are - of course - only overlays on price. There are no other indicators here, no tea leaves to read or secondary nonsense. This is the kind of trading I prefer. I've got a price target of $6840.57 which is slightly lower than where we're...

gottimhimmel158

Bitcoin has formed a bear flag on the 2hr chart with downward sloping trendlines. Typically a continuation pattern, we are likely heading lower; however, I've included bullish price targets for a bullish breakuout scenario. I bought back 0.36 BTC at $6660 and am waiting myself to see if I want to hodl or go short again.

gottimhimmel158

The SPX is clearly bearish, I couldn't imagine any decent technician argue otherwise. We're in a clear downtrend. We moved down and then formed this area of considation (on chart as small triangle.) This is a classic bear penant setup, but I've also left the possibility that this is an inverted roof. The red lines are shorting targets. The primary price targets...

gottimhimmel158

Ethereum (ETH) is outperforming the other major cryptos today, as seen on the charts. Following a spike downwards, ETH has formed a quick consolidation (flag) and presents the best shorting opportunity of the major cryptos. On the chart you can see my price targets - ranging from least to most aggressive. The last price target is simply cloning the flagpole and...

gottimhimmel158

I had wrongly predicted that this counter-trend rally would turn around before $7000; however, I still do not see this move as a primary trend reversal, unless we break above the $7250-$7500 level, which I do not foresee happening. On this chart you can see 8 different price targets for shorting BTC, from the most cautious retracement to the full retrace. I have...

gottimhimmel158

Litecoin and bitcoin just fell below a bullflag, confirmed on high volume, and then threwback partially; this setup is particularly bearish and I've taken some losses of trades, unable to deny the bearish setup. I've included 2 seperate price targets for short-selling or buying back in from cash.

gottimhimmel158

The bull flag which formed following a volume-spike driven counter-trend move has just broken below and confirmed. The throwback which is occuring is, in my opinion, a bull trap. I have put in a trade moderately lower - the nearest support I can find on the chart (with 3x touches). For now, I'm short. I have a feeling that we're going to break sharply downwards....

gottimhimmel158

Bitcoin recently reversed sharply on a volume spike, breaking a consolidation pattern. We're now at a price level which has been rejected 6 times, and is also a fibonnacci retracement. In addition, we've formed a bull flag with up-sloping trendlines, but not all bull flags breakout upwards. I've given price targets for multiple scenarios and will make a definitive...