shatzakis

shatzakis

Bitcoin just tested the upper resistance (solid red) line in a down channel for the fourth time since its all-time high, indicating that an imminent breakout to the upside of this line would be a bullish signal whereas a reversal from here could followup if the breakout fails in the immediate term.

shatzakis

For the first time since 2014, the price of bitcoin ($btcusd) today traded above the middle line of a longer term channel (see dotted white line in above chart) which on its own is a very bullish technical event, incidental to the recent bullish price surge, now that it is trading above the middle regression line of the channel.

shatzakis

ETHUSD Could push above $1000 before 2017 year end if the upper resistance line of the medium term bullish channel is reached as seen in the above chart:

shatzakis

Using a variation (unorthodox approach) to traditional trend line drawing, I was looking for hidden trendlines and trajectories that could come into play for bitcoin versus the US Dollar ($BTCUSD) on a logarithmic chart over the longer term. From single digits prices in 2012, bitcoin historical price trajectories extend now into the future towards $1m by 2022....

shatzakis

Bitcoin has become very bullish after regaining a steep bullish channel earlier this week and then breaking above $5000 today where it has reached an upper resistance line, prices may continue to hover over $5000 as that prior resistance level is sought as support. A break below $5000 could accelerate selling, whereas holding a bove $5000 will be key for support...

shatzakis

ZECUSD (zCash) is looking bearish since it lost support on a steep medium term bullish line (dotted white line on chart above) on October 2nd, and has made lower lows passig the October 5th low today, and appears to be following down a steep bearish resistance line (colored in magenta on chart above) and poised to drop further where support may be sought near...

shatzakis

Around the time of publication, bitcoin US dollar ($BTCUSD) price action remained within a descending bearish medium term channel (colored in purple in the above chart) and prices are still stuck just below its upper resistance line. A break above that descending bearish resistance line may trigger buying momentum to carry prices towards $4480. Bitcoin $BTCUSD...

shatzakis

Bitcoin's bearish momentum accelerated today as market prices fell to $3425 with the cryptocurrency nearing the middle of a longer term bullish channel where support may be established to help slow the speed of its abrupt price drop. Some additional trajectories are plotted through the middle of November in the accompanying chart, where $btcusd could return to...

shatzakis Updated 

S&P 500 testing under key resistance line of 5000 today where multiple medium and short-term trend lines converge (see chart). A break above 2500 would be very bullish, whereas, a failure to push above this resistance level could cause a pullback with support near 2453 by mid-september before reattempting 2500 in early October. $SPY $SPX

shatzakis

Bitcoin has become more bearish over the last few days after failing to maintain a steeper bullish channel (see prior posts) it tested near the key pyschological level of $4000 this weekend and appears to be finding some support on a the top of a bearish channel which means lower lows could follow after any brief dead-cat bounces, unless a major recovery follows....

shatzakis Updated 

$btcusd sell-off sees lost price support on steep channel today and just off fresh session lows of $4139.90 this Friday This weekend's session will see prices encounter converging trendlines which may introduce market sentiment uncertainty resulting in high volume/volatility causing strong reversals or continuation over the next 48-72hrs as these medium and...

shatzakis

$btcusd sell-off sees lost price support on steep channel today and just off fresh session lows of $4139.90 this Friday This weekend's session will see prices encounter converging trendlines which may introduce market sentiment uncertainty resulting in high volume/volatility causing strong reversals or continuation over the next 48-72hrs as these medium and...