thor08

thor08

Market price has spoken. The break below 91K suggest we are in a ditribution phase, this seems not to be another re-acumulation. If this bearish hypothesis is true, I would expect the price to reach lower ( 65 - 73K area) in accordance with macro Fibonacci levels. Once BTC will reach those, we will see the sentiment for a possibility of a bounce back to 100sK...

thor08

As pointer before by others, Altcoins may be about to start their bullish rally. The 3 charts indicate: BTC price history, BTC dominance (%) Altcoin dominance ( minus ETH, BTC, in %) What we see in the chart are 2 possible escenarios: 1- BTC has reached top and is about to drop, like in 2016, leading to the rise in dominance of altcoins. 2- BTC has not reached...

thor08

The red lines mark the hypothetical range of maximum for this cycle. Until now, BTC has been behaving just as expected. The green box should mark the way up. The gray zones represent the premium and the discount regions. Up and down respectively. Follow your own plan. Greed and fear are never good advisors. This is just an opinion, not an advice of any kind....

thor08

Yesterday's FED decision on rate interests, is a fundamental change of character, since we have moved from restricting liquidity to the start the economical stimuli. Technically this policy change should turn into a bullish scenario. Nevertheless, the political landscape still is not clear. Until US's elections turmoil is over, we will have more certainty. In...

thor08

For the next weeks, we should see BTC bouncing back to previous support levels (main are shown in the picture as black lines). I don't think that BTC will break up to new ATH until the FED change its hawkish stance. One could trade the current side-ways in two manners: -aggressive: sell expecting drop to 60-61K area. -Moderate: buy if bouncing around 60-61...

thor08

The current patter which started development since the end of January, is almost complete. If it is true, BTC will pump probably to ATH within days. On the chart you can see a blue path, there is still possibility of a shake-off strategy aimed to scare people. Of course, DYOR ! A probability of invalidation of this idea is marked on chart by a stop loss...

thor08 Updated 

Study based on historical patterns. '''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''' More likely, while we reach the lowest point (Around 10K USD) we will have first some ups, but I dont expect new ATH. If history repeats, then is better to have a plan to buy-invest until the end of this year. Trade your...

thor08

Timeframe is becomming short and short for this triangle. The upper resistance is stronger than the lower support. I think a down movement can happen between today Oct. 8th and 11th Oct. First target should be the 0.21 Fib zone as depicted, but the whole mood in the week-month is bearish, although yearly is bullish. Good luck.

thor08 Updated 

Dangerously down, BTC just broke a support that shouldn't have been broken, it happened yesterday and the only way to come back to up trend is to return to the up channel within 48hrs ! -Now it only remains 36 hrs. Why ? Because many algorithms trade within 2 daily candles in trend, therefore if in 2 days this is not back into the upline, you could expect a deeper...

thor08

This plot tries to predict a future buy that should happens on June 6th. Time and price are precisely depicted on the plot. If the settings of the buy get accomplished from now to the 6th, then I will buy and I will close the trade as pointed by the green arrow. This new experimental strategy is based purely on Fibonacci settings. We will see how good it could...

thor08

I just came to realize that this week we crossed a very important line resistance to scape from the major down channel which I thought it was over. Of course the price fell down, but as far as price doesn't breaks the red line I have pointed out, I think this pair may remain up. Trade your plan. Good luck ! :)

thor08

I think this pair may go down briefly up to 7,300 mark, that's OK and still will keep going on uptrend, for the long term of course. Good luck. Thor08

thor08 Updated 

Following the "Via Crucis" of the price, if it falls to red square, it will be confirmation of a Down Trend is still alive. If it hold at the green square, we are in bull trend. This should be defined at the end of the week, so Happy Holly Week for everyone !

thor08 Updated 

Upon my calculations, using the below techniques I'm estimating an important impulsive movement, which likely will be UP direction, and should happens on 05.05.2018. Methods used: -ROC crossing MA. -2 x Fibonacci trend zone. Minimums and maximums appoints both to the same date! -ESCGO by Lazzy Bear indicators. Helps locating price cycles in time. -Fibbonacy...

thor08 Updated 

Hello, I see that the momentum down is gaining force. Withing 3 days a strong impulsive move down may happens. I pointed down 2 potential targets, they were set up based on horizontal resistance alone, but, if the second target doesn't hold, the down move may go really really low (aka 3 K USD for instance). Good luck for every one ! T.

thor08

Hi, I'm happy to announce that bears seems to be loosing power since yesterday. Strong bulling signals are on going ! Everywere. Fundamentals also match: Rockefellers, and Santander Bank Firm joined Blockchain and Criptocurrencies on Friday. But the buying signals doesn't regards these news, which is PERFECT ! Because this means there is a lot of bulls compression...

thor08

In the next days this intersection should get resolved. As it seems we are not anymore in a bubble (arguably I must say), price should go down to a new Fib. channel in up trend, probably up to 0.32 level, before to push up once more. However, this step is highly sensitive to fundamentals, if fundamentals fails, we may fall back into descending channel to keep...

thor08 Updated 

Upon my Fib. Structures, I estimate price my bounce around 5.5K, but with this strong momentum down, it is very difficult to predict a real bottom. Indicators are not good fitted for this kind of trends. Good luck ! :)