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It was a exciting long weekend tracking the BTC markets and amazing seeing the fear and frustration from people that were once very bullish turn quickly towards the bear hibernation. So let’s continue with the hourly analog Bitcoin Bitfinex chart. It’s been a steady decline for the past week and even longer than that. From the price drop back on May 23rd, I...

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On the hourly analog Bitcoin Bitfinex chart, you can see how the market is slowly building some support between the $7,300 and $7,500 level. Yesterday, I found a nice bearish wedge in black that was building, which I have highlighted on the chart below and you can see how price tapped that blue 50 hour moving average twice before falling lower, all the way back...

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On our usual hourly analog Bitcoin Bitfinex chart, I am looking at the nice new lows that we were provided early this morning all the way down to a low of $7,260 on the 5am EST candle. This is just short of the $7,200 level I was targeting yesterday, however that still could be in the works. The bounce that occurred in price, appears to be due to the bottom of...

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It has been an amazing day of volatility in crypto and although there may be many that are crying. There is enormous opportunity in all the uncertainty. Let's find out how deep this hole is. First we have is the hourly analog of Bitcoin Bitfinex and boy does it look ugly. Yesterday we were monitoring the .5 fib level when suddenly price started falling rapidly....

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On the hourly analog Bitcoin chart, we are looking at a break at the $8,200 that we were targeting yesterday as a buy and even the stop loss level of $8,100. With that price has moved to new lows on the day and the week. Price currently appears to be settling around the blue .786 fib retracement of $8,077 and is bouncing potentially a bit off of the top side of...

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Alright, it’s been a lengthy delay, but I am back after some major personal life events. Courtesy of marriage and a honeymoon. Let’s take a look at where the market stands, as it appears there is a major move lingering. On the daily linear Bitcoin chart on Bitfinex we have a nice little consolidation period going on here. Price came up and did it’s 5 wave Elliot...

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On the one hour linear Bitcoin Bitfinex chart you can see how price has wedged itself right into the corner of this wedge. The blue down-trending resistance line captures the highs back on the 24th of April all the way down until now and the black up-trending support line encapsulates the lows back at the start of the bull trend on April 1st. Price over the past...

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First up is the hourly linear Bitcoin Bitfinex chart. Yesterday we were eyeing several potential technical formations that were shaping up. A bullish flag, a bearish flag and a symmetrical triangle all in order shortest duration to the longest. Shortly after my post yesterday, price failed to get back above 8/21 hour turquoise and pink EMA's and proceeded to...

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I had for sure thought we would get a corrective wave over the weekend and it appears as thought there were a few attempts to break the support levels that had been cultivated over the past two week’s. However they were extremely short-lived and people used the strength to position their portfolio’s for the next alt coin run. I had warned in previous posts that...

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First chart is the usual linear hourly Bitcoin on Bitfinex and it’s been a relatively peaceful day. But, let’s start looking at how price had a nice pump around 4pm EST yesterday and continued to rally to $9,318. Next we got a small pullback to $9,135 before another small rally up to the highs on the day of $9,381. Price has since rolled over on some divergence...

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First chart is the hourly linear Bitcoin Bitfinex chart. After the brief rally yesterday afternoon up to $9,170, price then came back down to the lows last night of $8,652 and headed sideways for the majority of the day. Sideways action after the rally the last few weeks, ended up resulting in the bulls getting bored to make something happen. I spotted a bearish...

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The first chart I have is the linear hourly Bitcoin chart for Bitfinex. You can see how price had spiked up during the night yesterday and now has really plummeted back down from $9,767 all the way to $8,784 in the span of about 12 hours. That’s a nice $1000 move. Over the last 48 hours or so, there been a significant uptick in the overall volume which is nice to...

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First chart is the usual one hour linear of Bitcoin on Bitfinex. I have a black upward sloping wedge in here that looks like it’s ready to head downward. I added in some Bollinger Bands to get a different look and you can see we are at the top of that channel, ready to head lower. The tail is just poking above there on this hourly candle right up to $9,500 level...

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Looking at the linear Bitcoin hourly chart on Bitfinex, we will see the critical level we are at right now at the purple horizontal support of $8,912. Price had popped above this level to $9069 in the early hours EST Saturday morning, the highest levels seen since March 21st. Price then came down and touched an upward trend line in lime green that I have started...

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Let’s start taking a look at the 1 hour linear Bitcoin Bitfinex chart we have been looking at for the past week. You can see how how we were tracking that rising blue wise yesterday that was forming, which traditionally leads to a bearish drop off in price. Price broke out of the wedge around 8pm EST last night, with very little volume and quickly turned to the...

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First one is the hourly linear of Bitcoin on Bitfinex and we are looking at a nice rising (bearish) wedge forming here. This would indicate some downward momentum to follow after breaking out of this wedge. This wedge just looks to perfect though, almost as if the new buyers are getting suckered in, there will be a smash downward, maybe retest the .786 fib line,...

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Long-term pitchfork with pivot on the flash crash low of $100 on 2/10/2014. Peak at $19,891 on 12/17/2017 and trough at 2/6/2017. Price grinding along the blue 1x bottom of the pitchfork for the past two week before, before popping up to the light blue .786 Fibonacci line. Orange down-trending line from the low on 1/17/2018, providing support for today’s candle.