Crypto-GT

Crypto-GT

Before we get to the weekly chart let's first quickly sum up the 4H and daily. On the 4h a double top was formed with bearish divergence on the stoch. BTC failed to clear the low 8000's resistance level. On the daily all momentum indicators are pointing south so short term the path of least resistance is to the downside. It remains to be seen whether the fall will...

Crypto-GT

Unfortunately I only have the PRO plan so 2 charts per page :( but bear with me. On the left 2017 daily, on the right 2016 daily. Same time frame: spring/summer. 2016: mid June price peak, 85% return from average over previous month. Followed by 30% fall until August -----------------------> Year of accumulating 2017: mid June price peak, 250% return from...

Crypto-GT

Hello Tradingview community, what a week this has been! A flash in the pan move or is there still way more fuel left? Let's see. Firstly if you read my previous analysis you will see how we moved past 5800 and low 6000's levels reaching the 7200 to 7400 zone which for me is the 'mother of all resistance zones' right now. Why? Because it was the last major...

Crypto-GT

Dear Tradingview.com community, the chart says it all. 20% to 30% upside possible. Please read my previous analysis, I have been consistently right and one of the few here who predicted this parabolic price rise since the Binance hack. Remember always DYOR!!!

Crypto-GT

Just a quick update to my previous BTC idea, spotted a double top on the 2h time frame. 5800 is proving to be a pretty big resistance zone, something to bear in mind. MACD still bullish but 4h Stoch is heading down. The 1d is still very bullish and has plenty of room to go. Much needed consolidation is taking place which is great. Looking at price action since the...

Crypto-GT

So the award for the worst performing major (top 50?) crypto of 2019 goes to......XRP!!! Yes XRP the darling of 2017 (best performer with 35000% return in less than a year) has been stuck there at around 30c while all other alts have gone up, up and away. So is this one to forget and move on? Do so and you will really, really really (like #LAMBO really) regret it....

Crypto-GT

Ok so you have to admit...how similar are those two charts? Almost identical. The good news: we still have a few good moves up culminating in a final push to around 7300 (last notable high of 2018 reached at the beginning of September). The bad news: after reaching 7300ish we fall.....hard. The ugly news: we never really recover, at least not in the short and...

Crypto-GT

Strong bullish move in the last 24h, please read yesterday's analysis where I wrote about the building bullish momentum. 5800 was my first profit taking point (Fibonacci, channel resistance) and this has worked out well. Consolidation is now taking place around the 5700 level, which is not surprising. Will we break the channel and go higher? With enough volume yes...

Crypto-GT Updated 

So what has changed in the last couple of weeks? Not much! The FUD surrounding Tether/Bitfinex has somewhat died down and BTC is trying to make up lost ground. Before I give some info regarding my chart and my idea let me first write about what transpired over the last couple of weeks. Exactly 2 weeks ago on 18th April I went long. The trade was working like a...

Crypto-GT Updated 

My post yesterday showed how BTC price action was ranging on a 4H and how we actually had a little regular bullish divergence. Today I zoom into a 2H chart to get a slightly better short term perspective. We see hidden bullish divergence there which suggests continuation of this mildly positive trend. 2H stoch has also reversed and is pointing north and so is the...

Crypto-GT

Strong bearish divergence ended BTC's April Fool's rally. Well done to all of you who spotted that. Price fell but in crypto terms those falls were limited and not surprising given last week's gains. We actually had a little bullish divergence i.e. trend change yesterday but that was not followed through with any meaningful volume. Patience is needed as daily...