ENTRY : GREEN LINE (6550) STOP: 3 % BELOW ENTRY RESISTANCE: RED LINE CONFIRMATION: 1D CLOSE ABOVE DOTTED LINE TARGET: BLUE BOX REASONS: 24H VOLATILY REACHING LOWS, BIG MOVE INCOMING (EITHER SIDE) SHORT TO LONG RATIO IS 1.2532 AT YEARLY LOW RANGE (TOO MANY SHORTS) LEANING BULLISH BECAUSE THIS MEANS A BIG SHORT SQUEEZE IS LIKELY
This is a simple chart based on yearly fib levels to find our targets for the next bull run (if there's one). Things that lead me to believe bottom is in: 200 Daily MA finally got hit after more than 1 month of correction Mayer Multiple (not shown in chart) is at 1.113 indicating BTC is undervalued. Stoch RSI at 0 indicating BTC is oversold. On the...
GOLD LOOKS INTERESTING. DOWNTREND ON THE WEEKLY CHART BROKE, 50/200 GOLDEN MA CROSS. POSSIBLE BULL MARKET AHEAD. ON THE OTHER HAND, BOND MARKET LOOKS BEARISH, 10YR TREASURY YIELD RISING.
2017 was great for bitcoin, personally, i had the opportunity to witness everything that happened around the environment throughout this year and it was amazing, couldn't be more thankful. Even though we had a massive bull run this year, I feel the newcomers are here because of the price, not because they actually understand what they are buying, imho price is...
PF HAS BEEN RESPECTED, SUPPORT @ 13K HAS BEEN TESTED MANY TIMES, PRICE IS ABOVE ICHI CLOUD AND KIJUN; MAKING HIGHER LOWS SINCE THE DAILY FRACTAL WAS HIT 3 WEEKS AGO. IF/WHEN THE CORRECTION IS OVER, TARGETS FOR THE NEXT RUN ARE THE FIB LEVELS ON THE CHART. IF THE CORRECTION CONTINUES, PRICE MIGHT RETRACE TO THE BOTTOM OF THE CLOUD, IT COULD GO EVEN LOWER TO THE...
just a guess, trying to time the chart with a pattern that has been forming.
DAILY CHART SHOWS A POSSIBLE LONG OPPORTUNITY ON BTC. -PITCHFAN SHOWS THE SUPPORT/RESISTANCE LEVELS (GRAY LINES) -SUPPORT HAS BEEN TESTED MULTIPLE TIMES. (BLUE CIRCLES) -TRIANGLE BROKE UP, GIVING A BUY SIGNAL ON THE SHORT TERM (ORANGE LINES) -MACD ROUNDING UP, WAIT FOR THE TO CROSSOVER TO GET A SOLID BUY SIGNAL. -RSI IN NEUTRAL ZONE. -POSSIBLE RETRACEMENT...
BEARISH DIVERGENCES AND A POSSIBLE H&S IN THE DAILY CHART. PRICE IS CURRENTLY TESTING RESISTANCE AT .786 FIB. 50 PERIOD MA SHOWING SUPPORT AT .618 FIB. IF/WHEN THE PRICE RETRACES IT WILL MOST LIKELY TEST THE TRENDLINE . FIB LEVELS CAN BE USED AS TAKE PROFIT TARGETS IF SHORT. NOTE: IN MY OPINION, I DON'T THINK THIS WILL HOLD. BIG EXCHANGES ARE SUSPENDING...
4HR CHART: -BULLISH PENNANT. -25 PERIOD RSI HIDDEN BULL DIVERGENCE (PRICE HL , RSI LH) -MACD HIDDEN BULL DIVERGENCE (PRICE HL , MACD LH) -PRICE IS ABOVE THE 50 PERIOD MA (ORANGE LINE) IF THERES A MACD CROSSOVER AND THE PENNANT COMPLETES THEN MOON ALSO, 4/20 SOON