ETHUSD Buy Demark Setup PerfectionGoing Long ETHUSD -2.44% -2.82% with a Demark Setup Buy Perfection signaled on the 12 hour chart and a move above the high of the 9 bar at 415.89
-Long at 415.89 or better (got filled Saturday morning at 405.96)
-Stop with a *12 hour bar close* below 399.13 (the 12 hour candle must close below this level to signal liquidation, merely going below does not stop me out of this trade).
Currently BTC as below 7000 but sitting on the 61.8 level for support, 6500 is the next support if it doesn't turn around here. This is weighing down all crypto at the moment. This weekend should be pretty volatile, try not to puke!
That being said, I am only focused on trading these Demark Setup Perfections as the backtests have proven exceptional.
Will look to add to this position if it moves in our direction.
TA
BTC Update 04.08.2017, long opportunityOnce again Bitcoin is approaching a critical level based on our previous analysis.
The Golden ration number from our previous call at $6815 is within reach. Now we stated numerous times it is a very key level on the trend bitcoin will be taking now.
If this level holds which is our assumption, we will be heading up to test previous highs and also new resistance where the red arrow points.
If we lose the critical support however, the bearish scenario will be in play and it will take us sub $6000 with a high probability to hit even lows of sub $5000.
Our recommended trade here is ladder longs in the green rectangle area and HOLD them. Only SL if we break below $6650 since there will be a pretty high chance to rebuy BTC Alot lower.
Trade safely!
BTC : Logical slip lower in classic post-bear basingAs I suspected in last update, this first run above then down to the 150 day moving average as support did not hold. It was an important battle move for the bulls, but more time is necessary. Today we logically slipped down a bit, to find the 50 day moving average in the blink of an eye and of course it aligns with logical horizontal support.
So again... will it hold? 50/50 are the odds I'd give it. Our long side eyes want to see it hold, but ultimately it's a coin flip. To be honest, a break and fall back to test that H&S neckline is just as likely and that would have a long term positive affect by washing out a few (or more than a few) more weak hands.
This is classic technical basing following a harsh period of bear dominance
#BTC 1H timeframe updatePrice of Bitcoin has continued to consolidate and has been showing more bearish signs than bullish on 1H timeframe.
Bearish confirmations include a breakdown from descending triangle, showing...
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$QSP Analysis.When these MA line cross (30 & 50) we will have our confirmation.
Zones are up.
White dash lines are the WEEKLY levels. STRONG resistance/support.
Solid entry in the orange boxes, I have been trading in those.
All of this pending BTC.
If Bitcoin stabilizes, alts will pump.
This is one of my picks.
Cheers!
Update previous TA, still the same just bigger OK, so i made a mistake in last TA, but more importantly i may have made another discovery on how to predict the size of the next phase compared to that previous of it, i will look in to it further before i make more of a fool of myself by publishing it. But i think my mistake on the last TA is that the right green phase 3 shpould be 3 third bigger than the left phase, so i have adjusted my chart to reflect BTCUSD
AS my methodof TA is being made up by myself and is multi interval TA, meaning that a mistake in an interval higher will make everything under that incorrect. So i will have to be very careful on higher time intervals.
Also, letts see if the shape of interval 2's second part is the same shape resistance line as the whole of green phase 3 s when action is live (can always make something fit if looking back on it so want to see if it plays out in live mode)
BQX(Ethos)-BTC Long- Positive scenariosWe expect a recent drill of the triangle and a pass over the resistance. Combined with good profit.
And do not forget, trade smarter!
BITCOIN THEORY FRACTALI have a bitcoin theory I made back at the end of May that correctly predicted the mid term bottom for June with-in 24 hours.
If the theory continues, we would see one last push to 7000 area before retracement to 6150 which would carry us into a nice bounce for the coming months.
Bitcoin Price Evaluation (Daily)We've recently tested above the daily trend line. For confirmation of a continued upwards trend this candle must close above the trend line resistance. If we do continue our upwards trend our next resistance is $6750. In the bearish view, our next dip could bring us down to the $5400 level. Remaining neutral until further confirmation.
Is the bear run over? I don't think so...BTC was previously followed by by 2 bearish patterns along with 1 MAJOR BEARISH channel. The main watch...Recently the prior bearish pattern did turn Bullish and as you can see we now have a Bullish Channel with Higher low's and higher high's. The problem we still face is the major BEARISH channel if you zoom out. Not only that but everytime BTC tries to make a small BO. We have larger selling volume's A LOT LARGER actually. Below youll be able to see the current bullish channel that shows bulls are taking the lead but I dont think it will continue this very well could be a Bull Trap.
Bitcoin price prediction (BEARISH)Based on Elliot wave theory, we have made a failed 4th wave up by re-entering wave 1. We can also see some bearish divergence on the 4 hr and a bearish flag on the 1 day. Next resistance is 6350 if we do on the offside remain bullish. Stops were hit on my last short locking in some profit. interested in laddering into another short at these levels and riding them down to retest 6k. stops set at 2.5% loss until we dip further.