troyznburg

troyznburg

Technical analysis for BTC. Feedback welcome.

troyznburg

There's some talk circulating about Bitcoin being artificially held in this tight range. I'm wondering if the recent test of higher highs is an indication of future direction.

troyznburg

Parabolic growth with no consolidation has led to a return to the previous point of healthy stability.

troyznburg

Current resistance sits at $6704 and support rests around $6589. There's lower supports that could see us down $6317, and $6134, but with the recent series of higher lows, I'm leaning toward some continued upward movement to the $6900 region before a return to the $6700's or $6800's. From there I'd expect to see progressive incline to complete this inverse head...

troyznburg

Run bitcoin, run.

troyznburg

'Step right up, step right up Fifty bucks a game' 'Step right up, try ya luck' 'Come win ya bitcoin!'

troyznburg Updated 

I think it's likely BTC 0.86% will re-enter the cloud by (Aussie) morning. Seems pinched in a pennant signaling continuation of a trend. The past five hours went to the bulls but the twelve hours prior were in the hands (claws?) of the bears pushing consecutive lower lows and lower highs. Continuation then relevant to the pennant may mean a furthering...

troyznburg

If we can maintain support we might see Litecoin squeezing into this descending wedge. Elliott Waves may factor into the movement. Or they may not. Let's see.

troyznburg

BTCUSD - 4H (Long) Still long on the 4 hourly. Maintaining bullish strength continuing above the cloud. Holding positions maintained. Riding into the danger zone would see price entering the cloud and threatening to cross below. Looking for support along the top to continue the momentum of the bulls. Money's on the table.

troyznburg

BTCUSD 1H Trending toward the bottom of the cloud need to establish support in consolidation. A break below would see us lose altitude with our sights skyward waiting for another air pocket to push us back into the clouds cushioning. Time passed will be fine to coast in conservation of energy until we see space behind us and then we can try another rise as...

troyznburg

Bitcoin USD 4 Hour I thought we'd broken the descending triangle but I'm not so convinced. The 4 hourly shows potential to re-enter the pointy end. If so, we'll probably see a dip back down to the mid-to-high 6 thousands, before a bounce and convincing 10k leap to the high 16k's.

troyznburg

Interesting one this one. Strong coin. One they call the Chinese Ethereum. I just like the name coz it's like the Matrix.

troyznburg

BTCUSD 1H Support = $9116 to $9069 (needs to hold). Resistance = $9371 (price to beat). If bullish from there, $9731 seems a reasonable target.

troyznburg

This period of consolidation is a good chance to put that fiat where it counts. Bitcoin testing the major downtrend resistance for the fourth time now. Let's see how significant the magical fourth test proves to be. Strapping on my seatbelt for lift-off.

troyznburg

Couple of scenarios penciled in and watching with a minor smirk. Let's see what happens.

troyznburg

After this run down, I'm looking to see Bitcoin stabilize over the next several hours before returning to the upside. Plan is to average in along the consolidation channel and trade the break. See how we go.

troyznburg Updated 

If only life were this symetrical. No reason it couldn't happen if the bulls came home to play.

troyznburg Updated 

Publishing this here so I can track it with live updates. See how it goes.