ChristopherCook

ChristopherCook

Volume has picked up after the latest drop. We could see a short term rise. And then a fall back down to current levels or lower to the 4800-4900's.

ChristopherCook

Think that we are looking at virtually another rejection at 6800 and that we will going back down from here. Take profit at 6100-6200 range. Long at those same levels.

ChristopherCook

As you can see what we would be looking at in this current uptrend historically is where it is in relation to a 62% retracement from the last uptrend. It looks as though we are approaching that 62% again but the difference here is that if it gets to that level it could be simultaneously crossing the upper trendline that acts as resistance. If it breaks that...

ChristopherCook

As you can see in the chart there are two red lines that indicate the levels where the price trend in ETHUSD has been following for the past several months of this year. It looks as though we have a breakout above that upper resistance line and it looks as though we have had one test of the resistance line after breakout. Smart thing to do would be to let this...

ChristopherCook

As you can see on the two downward upper and lower trend lines I called a short opportunity when ETH/USD was hovering around 242. Looks like that was the right call and it went down to 215. Would have been a nice little profit I would say. Now we are nearing overbought again comparatively similar to the last call considering the trend lines and where the price...

ChristopherCook

So if you haven't seen my 62% retracement idea you will want to reference this for this idea. But if you haven't, BTC has seen a 62% retracement for every subsequent rise and fall since the high last December and including that rise and fall. Wouldn't it be interesting if an overall 62% retracement from December's high and the low so far through 2018? If we...

ChristopherCook

As you can see in the chart BTC has done a 62% retracement from each subsequent high and low including the high in december. This is done drawing from the high to where it dropped to as the bottom from which the next subsequent rally would start from. Each rally and fall has followed this pattern. Credit to Allessio Rastani on youtube for showing this. You can...

ChristopherCook

So I think we will see a retrace to the 20 and 50 MA or the 31% fibonacci retracement which support is the strongest even though these 3 levels are very close to each other around the 6560-6630 levels. From there we will go back up to test this resistant point again at 6730. If we have a convincing breakout from there which I am fairly confident that we will, we...

ChristopherCook

As you can see between the two red trendlines. ETH/USD has been on a downtrend for a while just like BTC. I think we will either see a downward move as the RSI is reaching levels historically signaled selling as well as reaching closer towards that resistance upper trend line. We also can use that 21 MA as resistance. Could go up in the near short term 1-2 days to...

ChristopherCook

Today we saw another plunge down and that green lower trend line holding as a support. If it continues on this trend we are the bottom and have another uptrend in play in the near short -mid term 1-3 weeks to fill up the gap between those two green trend lines again. As for the falling wedge breakout we could see that at any moment but I suspect we will either...

ChristopherCook Updated 

As you can see on the chart Bitcoin has been on an uptrend the past 2 months or so including the rise to 8,000. I suspect that it will continue on its trajectory as I suspected after we saw a false breakout downwards. From there you could have made already at least 100-150 pips. But I see this wave going much further around the 7200-7300 range. If you have never...

ChristopherCook

So just earlier we saw Bitcoin drop below its existing trend line for support. Then it popped up back above that support meaning we had false breakout downwards. So I'm taking this as another confirmation for the existing trendline we are on. Currently we are relatively oversold on RSI, MACD has crossed indicating the end of the short term downtrend, and Volume is...

ChristopherCook

This might happen sooner than we think but it will probably come to fruition within the next 2-3 months. Decembers are great for bullish uptrends.

ChristopherCook

Looking for a reversal in the near short term within 1-2 months. Looking to break through that top of the falling wedge trend line. Could be the perfect falling wedge breakout.

ChristopherCook Updated 

We saw BTC meet resistance at 2257. Next Line in play is testing support at 7110-7130. My prediction is that support will hold and we will break resistance above 2257 to then reach 2400 very quickly.

ChristopherCook

By 2020 I think we will see a price of around $12,000 if bitcoin continues the history of its past patterns within the next couple of years. By 2022 we will be at $550,000. This is calculated looking at the values of highs and lows over bitcoins life span namely the values it displayed every 2 years, the nature of what occurred within those 2 year intervals, and...

ChristopherCook Updated 

We have been on a solid trend upwards ever since the 7400-7500 range. Unfortunately at 6700 I shorted and was liquidated. However my gut told me it would go up. And it sure did. Big time. To 7000 within a day or so. Then it hit 7100. My prediction here hovering just over 7000 7050 to be exact is we will continue this trend up to 7400 range.