tx512

tx512 Updated 

I don't short BTC this time because I consider we are too close to a very strong support level but I am bearish on the short term. BTC almost completed the triangle pattern and RSI shows a bearish trend. I think BTC will break the triangle with a down trend move to reach a first step at 5800$ in the coming hours/days.

tx512 Updated 

Shoulder-Head-Shoulder pattern completed. Target price at 790$ Eventually a retracement up to 820$ Maybe BCH will go down to 630$ its level from April 2017

tx512 Updated 

Shoulder-Head-Shoulder pattern completed. Target price at 6100$

tx512 Updated 

BCH and BTC are strongly correlated and I would be long on both. My first decision is made on the real Bitcoin - BTC - because Bitcoin is the original one on which other cryptocurrencies are correlated and we see buy signals when using Ichimoku. The price is above the cloud and Tenkan Sen - the thin blue line - is above kijun, thin red one. The BCH chart...

tx512 Updated 

Right now I have no position on any cryptocurrency but I am still pretty bearish for Q3-2018 for the following reasons: • Bitcoin used to experience a 80% retracement after a hugh rally like the one we had in end 2017 (Cfr. Screenshot 1) • Ichimoku reveals strong bearish signals when using the weekly charts. On the screenshot 2 we see both a TK cross and a twist....

tx512 Updated 

BCH and BTC are strongly correlated and I would be long on both. My first decision is made on the real Bitcoin - BTC - because Bitcoin is the original one on which other cryptocurrencies are correlated and we see buy signals when using Ichimoku. The price is above the cloud and Tenkan Sen - the thin blue line - is above kijun, thin red one. The BCH chart...

tx512 Updated 

We see a s-h-s pattern that is not complete yet. It would be so if BTC goes below 7,400$. In such a case I would short it with a price target at 7,050$. Below 7,400$ BTC would also break the wedge we see in the graph below between the pink lines. Breaking it would lead to the same target price. Stop loss @ 7,550$.

tx512 Updated 

When using Ichimoku with BTCUSD 240 we are currently in the cloud (Kumo). Long scenario If BTC breaks it on the upper level with Tenkan Span (thin blue line) above an ascending Kijun Span (thin red line) I would go long with a target at 8350$ and a Stop Loss at 7300$ Short scenario If BTC breaks it on the lower level with Tenkan Span (thin blue line) below a...

tx512 Updated 

I currently have no position on BTC and the next hours will be decisive but I have a bearish sentiment. Weekly On the Weekly chart I noticed that massive bull rallies on BTC used to be corrected by a 80% retracement. If it applies to the all time high of BTC we will reach a BTC at +/-4,000$. Based on the past experience I expect this level to be reached...

tx512 Updated 

I currently have no position on BTC and the next hours will be decisive but I have a bearish sentiment. Weekly On the Weekly chart I noticed that massive bull rallies on BTC used to be corrected by a 80% retracement. If it applies to the all time high of BTC we will reach a BTC at +/-4,000$. Based on the past experience I expect this level to be reached...

tx512 Updated 

Interesting move in the last hours. Breakout of the RSI down trend => Buy signal We are finally above the ichimoku cloud (buy signal) but the Tenkan Sen (thin blue line) did not crossed Kijun Sen (thin red line) BTC is close to the upside of the descending wedge => sell signal unless BTC breaks it BTC is close to the 10day EMA => sell signal unless BTC cross it

tx512 Updated 

ETH logically moved up during the last hours while stayed within the descending wedge Since May ETH used to drop each time it gets close to the upper part of the descending wedge which is now more or less the equivalent of the EMA 10day Same behavior when the RSI comes close the the line you can see on the graph. ETH drops again when the above mentioned...