Big Triangle BTCUSD, D US$3300There is a triangle on the daily chart . Could break at any moment and it'll go to US$3300,00. The pattern already appeared another times.
BTCUSD3M
BTCUSD3M Inverse H&SPerfect inverse head and shoulders here with price on the bull side of the 1.0 fib trend line and 50/100/200 SMA/EMA.
Possible path for BTC in next year CHAPTER IIFinally the Cycle wave III top has reach 2.786 on Fib rate with the depth of Cycle wave II, and now we will have a right hand chance for short, be prepared bears, Let's ready to roll.
Possible path for BTC in next yearThis chart will be fail if:
1. BTC go through $2800 in next month
2. Cycle wave IV go below $1166
Good luck.
Maybe easier to see with this one:
Some one is moving before the marketThe blue line is price trend of futures on BTC(OKCOIN:BTCUSD3M), the candle is the price difference between futures and spot(OKCOIN:BTCUSD3M*USDCNY-OKCOIN:BTCCNY), as you can see, some guy is buying BTC on spot market and open short position on futures market since May/10th, and this big guy has do it with serious for 3 days, I think this motherfxxker definitely knows some secret news.
The only thing I'm not sure is, whether this guy is just hedging the BTC he owned, or he wants to short to the hell.
BTC compare with Gold between 2002 and 2012Same bubble. Wait the chance for short with your patient.
Now, you can tell me, where are we going?There are two similar structure in this chart, have you found it?
Good luck.
Bitcoin Downtrend SequenceBitcoin has recently headed up into major resistance (0.618 Fibonacci resistance line, 0.382 Fibonacci speed resistance trend line and the inside bottom pitchfork line) in addition to an evident loss of momentum (culminating in the most recent bearish divergence) on the Relative Strength Index 14 that has resulted in a trend reversal with a pending bearish kumo cloud twist.
The drop has become overextended for the time being, being brought to a stop by the 0.5 Fibonnacci support line and a strong uptrend line showing the price to rise back up to the 0.618 Fibonacci resistance line to gain more bearish support before continuing the weekly trend down to the bottom pitchfork line and 0.25 Fibonacci Speed Resistance trend line in a Head & Shoulders pattern.
Time to finish the right shoulderWell, with a nice rebound of BTC, now we can start to wait for a good chance for short.
And always be careful to open the first position!
Murrey's line and MACD strategy system (experimental) How you can see btcusd okcoin futures in a channel, between Murrey's line 4/8 and 6/8. Daily MACD under zero line its still bearish. Break up or down the channel will be powerful!
Possible path for BTC in next few weeksThe future of BTC depends on the height of rebound when the short 5th wave is finished.
If it stops at 7600, we will have Head&Shoulder structure, then we can say, see you below 5000.
If it's more stronger, touch 8000 at the up track, that would be another story.
Good luck.
It's time to take a restMaybe we will wait for some days to let the path getting clear, I have exit all my short positions, and waiting for another good chance.
Enjoy the weekend.
Rip Van Winklevoss?As many of you know crypto is not my field and I would rather leave this to the experts, after many requests from previous btccny idea (see below) falling just shy of 100 cny from out 9k target we came close but no cigar.
On the macro side CNY buyers have put the moon path on pause for the second half of January - 5841.68 is the flip, if we don't put our fists through this then expect another test of 4898.12 and possibly 4442.33 before any further relief.
To date, 4898.12 held giving more meaning to our next attempt at punching through 6897.18 and 7009.13
Gl guys, please comment your views and if the levels helped give the idea a thumbs up, cheers!
Bitcoin 159 days of sideways ahead.Bitcoin 159 days of sideways ahead. Price will bounce between that levels $984 and $728. Happy new Year!
Time to short the bitcoinGreat opportunity to short the bitcoin right now, risking only 0.75% to get 20%+
