raywilkerson

raywilkerson

Bitcoin is showing steady, albeit lower than I like volume. The chart is painting a really pretty bullflag which appears broken north, but that red line is rock solid resistance and it rejected this latest attempt. If that resistance breaks I see a clear rise to $10,400 before correction. If not I expect a bounce off one of those channel lines and a continued...

raywilkerson

I do not propose to assume I know whether that move will by up or down, but I do know this: *If we fall out south of that giant pennant this bear market will continue through this year into next. I would expect the next bounce @ $5600. If that holds, great... we go sideways though the rest of the year as a yo-yo swinging between 5600 and 8K till the bears...

raywilkerson

B ig A ** D ouble B ottom coming at us in the short term. I expect a bounce and a wide smile on my face. We have a giant flag on a downpole, decreasing volume drudging along the bottom of the flag. Unless there is some giant pump, here comes another test of $6k. Soon. -Sadly, power hungry sociopaths who clamor for government power through rampant legal...

raywilkerson

I believe I see a flag forming on a downpole. Volume looks dumpy to me. Tell me what you think in the comments :) *Sadly I have to remind you I am a furry faced asshole on the internet, not your financial advisor. Make decisions accordingly. -FFAOTI

raywilkerson

My thought are still big, furry and attached to claws and big teeth. Here's how I see the coming days based on fractals and positioning of the cloud. *Sadly I have to remind you I am a furry faced asshole on the internet, not your financial advisor. Make decisions accordingly. -FFAOTI

raywilkerson

Looks like we are gonna bounce off a thick cloud then puddle around $180 for a bit.

raywilkerson

I see a triple bottom coming. Either we test 8400 again or we test $6k for a triple bottom in either case. Absent any horseshit from the impending Mt Gox BS you should strap in once we see confirmation at either level. Ichimoku could is pretty thick. Volume isn't great. I don't see this getting north of $9700 till retest. -random furry faced asshole on the...

raywilkerson

Absent outside influence |-cough- MtGox -cough-| Ethereum looks pretty to this FFAOTTI. Triple confirmation of support with a slight increase in volume. Sitting below the cloud but approaching a thin point.

raywilkerson

I think sentiment might just prevent anything lower than $8500. Can't wait to see. What path do you see in the coming weeks? -FFAOTI, seek financial advice elsewhere. This is about TA and learning. Not T&A, just TA.

raywilkerson

1. Volume is way down on the daily while RSI is rising. 2. Convergence is under base on Ichimoku. 3. A flag on a down-pole has formed a. The shorter of the options for the top of the pole drops BTC to near $6K USD. b. The taller pole option to $5k USD. If you see instead a triangle formation; that is also a valid assessment. The outcome is no...

raywilkerson

Not entirely clear. I want to see it hit the $6K USD range to confirm a solid double bottom, but support looks strong at $8200. I fear a bounce up @ 8200 will signal a new low. What do you see?

raywilkerson Updated 

Bear trend line not broken yet and I don't think it will be, but it would be cool either way. Looks like we are staying in the midterm channel and likely will consolidate to smaller swings before going north to break the channel a little bit down the road. My opinion as another furry faced asshole on the internet. Not a pro

raywilkerson

Other than oversold as hell on RSI, things are looking good. Seems to have formed a flag on the 8 hour. MACD is about to crossover, convergence is solidly back over base and we are well above the cloud. I see solid resistance at that purple line. I expect a pullback is coming after this flag fills, but we will see. -Furry Faced Asshole

raywilkerson

We have a bullflag, which if it executes still does not break the bottom of the cloud. If we turn south from there I see $5600 USD. If there is sufficient volume at the top to get into the cloud following that flag, we go into an 8-10k channel. If not the corrective channel is gonna be 6 to 10K. Of course this assumes there is not some massive manufactured...

raywilkerson

I saw yesterday a flag on a downpole... a very large fractal on ETH. Today I wake to see it breaking, but like the construct of the large downpole the retrace is breaking into another flag on a downpole. I expect this to complete through the Elliot wave correction I drew on the smaller flag in progress. That flag is going to face strong resistance and fail to...

raywilkerson Updated 

I have been calling a drop to $10k since December 27. So far the pattern developed is a bearish bat, target price is roughly $9600 to $10400. Where will it go following? I dunno.

raywilkerson

This week or next, we drop back down to touch the mid-term. Question is whether we renter that as a new long term or set a new trendline. I have no crystal ball. I am learning, not a pro. Just a FFAOTI

raywilkerson

Check out this beautiful cup and handle formation over a nice long period for #BATBTC. This is on the heals of a nice T/K crossover to bullish which shot us out of bear territory on the ichimoku cloud. *I am learning, so please let me know where you disagree or agree with more info.