BTCMarket

BTCMarket

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BTCMarket

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BTCMarket

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BTCMarket

Inflection Point.

BTCMarket Updated 

Having broken out of it's falling wedge and seen firm support at 420, Bitcoin is holding it's daily Pivot and "should" see little resistance making a move back to 435. If price can sustain above 435 then a high of 477 will be put in the medium term.

BTCMarket Updated 

The SPX looks like it's gearing up for a measured move to the 161.8% extension level.

BTCMarket Updated 

Description In Chart

BTCMarket

The striking similarity in price action is that all the key levels marked 1-4 have basically been respected. Essentially what I'm looking for now is where price stalls number 4 far right and begins to retrace so I can plot the fib tool looking for that 50% to see if it will indeed respect that level for a potential move higher. The current 50% circled on the...

BTCMarket

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BTCMarket

Long from 0.00340 Target 0.0050 Stop 0.00321

BTCMarket

Price looks potentially set to retest the low of $236 and the 1hr 200ma. If we fail to break this area and begin moving to the upside I would be setting my sights on the 78.6% at $243.06. If however we break below the hourly 200ma I would be looking to short this for a first target at $232. The 78.6% is still in sight if we hold the 61.8% and break to the upside...

BTCMarket

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BTCMarket

Looking to go long "if" and "when" we take out 270.25. This setup looks like a fractal consolidation area we've seen previously pushing against the 50ma and hovering close to the ichi cloud, so we could potentially see a swift moving breakout as well.

BTCMarket

Getting early signals of price bottoming here on this cup and handle and so I'm slowly getting into a long position close to support which on the 1hr is around 274/274.5

BTCMarket

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BTCMarket

The chart is self-explanatory, price is stuck in this downward channel with some defined resistance points but plenty of space with which to fill below.

BTCMarket

Price looks certain now to visit the teens again as we have entered this downward Pitchfork. It goes without saying what an important support level we are on and what it could mean if we break it. The vertical red lines on the right of the chart signify the time when settlement occurs on futures. For this reason I am looking to build a short position on...

BTCMarket

Looks like we will finally get our next major breakout/trend within the next couple of days after finalizing this box and hitting the fourth corner. Looking to stay neutral as this plays-out. We should get a final decision on direction in what has been a fairly dull month of trading. The box corner ends at approx 239/240.