This 8 week arm of the 1.5 year BTC rally is about to subside. First a little history. The Chinese investors (not the government) are in control of BTC value. The Chinese banksters are actively devaluing the Yuan. This is round two of major devaluation moves and it is nearing completion. As it completes the Chinese investors will start taking down their...
I highlighted the weekly support buy zones we have had in the past, as well as the curretly active one. The 8h setup I pointed at might not work with a tight stop, but it's still good to hold longs from 4950-5100 overall. Just make sure your risk, if adding new positions is 1-2% max, if price were to go against you and hit 4805.26. It really shouldn't, to conserve...
In my opinion we have a real possibility to go up through 450 and try to break 500 , but nothing strange if we fall to the level 350 at first. It seems we have opportunity to buy at level 350-360 once more! Though now we have a good price too. OKCOIN:BTCUSD
BTCCNY is breaking above the recent key resistance generated by the news related to Chinese capital controls. It seems that the news were discarded as a rumor, and now investors have absorbed the selling, and are ready to bid prices higher. I'm holding a 30% long position now, since I doubled at 4918 and tightened my stop loss to 4870. My average entry is lower,...
Go back and read my previous published idea. I pointed out there is a huge difference between the Chinese Yuan/BTC chart and the BTCUSD chart. I thought I should show you the difference and speculate where this will end. First the previous devaluation the volume was very small relative to what's going on this time around. That's because the Chinese insiders...
It is still bullish if it can hold above the dotted line
We can clearly see when there is smart money interest in Ethereum, simply by watching this chart. Liquidity is nowhere to be found lately, which is reflected in choppy price action. I anticipate a slow grind back to the DAO hack kev level above, for the time being, which is why I'm holding longs, without leverage or margin. I'd be interested in seeing liquidity...
It seems that the CNY denominated chart (BTCCHINA or OKCOIN), is less bearish, at least regarding confirmation of the decline. Whereas the dollar pair has already triggered a downtrend signal in the daily chart, RMB pairs haven't yet, but they do have similar implications. Personally, I'm holding BTCUSD shorts, added already once and trailed my stop down, and now...
New chart showing possible outcome base on previous trade history and fractals Arrows explains everything as i think it will happen. Be safe
Idea 1 Inverted Head and Shoulders breaks up and fully retraces the dump invalidating the downtrend movement showing strength. Idea 2 Inverted Head and Shoulders breaks down continuing downward pressure and finding support ~3800+ and continues uptrend. Idea 3 Inverted Head and Shoulders breaks down continuing downward pressure, finds support ~3800 and...
Overlaying the chart from July 2013 until Dec 2013 when we reached ATH of $1100+. It may be possible that this continued rally from the Chinese could push us up to $6000 USD per BTC prior to the November elections. Keep an eye on world markets as the global economy is in a bad spot and currency crashes will cause Bitcoin to grow rapidly. It's very likely that...
Again Higher High in Price and Lower High in MFI Clear Sign of at least a Pullback or Reversal to Lower Red, StochRSI is Overbought and Price is at Important Cross of Two Significant Lines.
All details at chart. Simple and clear, just trade.
Formation of a Rising Wedge indicates a reversal. Price action was denied a major move up and came to create lower support. Entry point below green line, confirmation zone (yellow box).
Big dump from 3015 and now retracing that dump, it'll retest the structure, fail and drop. Once it begins to drop, depending on market sentiment it could floor to 2800 or bounce at 2850 support. After ~2 days consolidation from the point it hits, it will fly up to resistance and test for the third time with a breakthrough. Shorting the bounce then longing the bottom.
Pushing daisies, retest bottom support, succeed and sky.
The Bitcoin chart is one that speaks volumes when you read it utilizing the methods devised by Tim West. If we look closely we can see that the monthly and weekly trends are up, and that we have potential for a breakout in the coming weeks. Right now, the weekly is in a triangle consolidation but the breakout should happen relatively soon. We have 3 inside months...
I think if we look at higher lows since october 2015 we can clearly see slow and steady rise in bitcoins value. Market is very calm those days but overall prediction is long. I think at January 2016 we can expect price 480-500 according to this steady appreciation. If you are interested in buying bitcoin, you can do it for sure on bitstamp.net or at eToro ( ...