BitcoinTradingRoom.com

BitcoinTradingRoom.com Updated 

bold trend lines were projected many days ago and now price is moving as expected.

BitcoinTradingRoom.com Updated 

After not making or breaking previous high, we are certainly still in consolidation and have one more large bounce to make off support at $7000 where we will bounce around sideways building support and bouncing upward for another rally July-November where we will likely go on to make new all time highs with another major pump and dump cycle bringing us back...

BitcoinTradingRoom.com Updated 

Bitcoin does this... it gets pumped with dumb money riding a straight line up and then corrects over as long of a period as it takes to maintain health. We can probably expect another vertical climb nearing 20K and surpassing it, probably followed by a small correction and steady momentum along a historic support. Green line at bottom is long-term support...

BitcoinTradingRoom.com Updated 

BTC just broke out of the bearish consolidation we've been in since December with a bounce off the long-term support that we deviated from when the pump started in October 2017. We've been riding the bullish 2/1 Gann line, and just broke out of the bearish Gann fan drawn from the peak of this move. Expecting to test support on the outside edge of this fan in to...

BitcoinTradingRoom.com Updated 

The chart looks much better at 1min resolution, but I can't publish anything lower than 15. Rather than expecting a retrace, since this consolidation has formed a bowl shape, there is strong buyer support for a breakout when we reach resistance at the top of the fan very soon. Expecting vertical action... learning from misreading.

BitcoinTradingRoom.com Updated 

Long-term we are in an uptrend started a week ago... my last idea showed a short-term consolidation, and I'm still convinced that's what we've entered after breaking resistance to this new high around $8500. I moved the downward Gann fan to the new high using the green 45-degree. Look at the bold arrows for possible new channels at decision points. Alternatively,...

BitcoinTradingRoom.com

Rejoice! Bitcoin is back!

BitcoinTradingRoom.com

White line is ADABTC Red line is BCHBTC Correlated percentage gains/loss against BTCUSD (blue layer at bottom) ... This chart layout is most valuable for assessing which coin is performing best in a given time span so you can move your holdings from a declining coins to inclining, and catch breakouts in momentum. Perfect for reorganizing a portfolio or day...

BitcoinTradingRoom.com

Drew these lines several days ago and just came back to find the latest trends haolding to them. Looking bullish, indeed! BTC/USD above, LTC/USD below.