Fidel_Cashflow

Fidel_Cashflow

BTC just broke out of a massive bear flag, and while the target price for that flag is much lower, I'm not convinced it will fulfill it. We can see that a slightly ugly Wyckoff Accumulation occuring, which signifies a bottom. Since there are competing signals, I am not going to trade this, but this formation is a strong one and worth pointing out.

Fidel_Cashflow

BTC has broken the longterm downtrend channel, but is not out of the water yet. The red dotted line is the previous high from 3-21, and until that high is broken, BTC will remain in a down trend. BTC is also consolidating in a rising flag pattern. With the ETH and LTC pump I would expect to see a BTC pump as well. If a breakout occurs, it could be the start of a...

Fidel_Cashflow Updated 

Potential Accumulation set up, might be best prices we will see in a while. That is if BTC doesn't dump and effect this market. Will be watching this.

Fidel_Cashflow

Test Chart

Fidel_Cashflow Updated 

Btc is currently trading just below the wedge, where I expect it to find support at around the .618 retracement, or ~8200 mark. If it falls through the .618, then we will probably see the lows from 3-18 eventually. This could be a good thing, it would allow a very juicy entry, as well as a strong reversal pattern.

Fidel_Cashflow Updated 

As you can see, $eth is attempting to break out of a sideways wedge. If it were to breakout on little volume, I would not expect it to get far due to the .618 level and 200 MA right on the other side. If it were to break down, I would expect to see a violent sell off to the ~500 level.

Fidel_Cashflow Updated 

So we see LTC bounced perfectly on the .5 retrace, while forming the tip of the right shoulder in this possible Inverse H&S pattern. At the time of writting, LTC is battling with the 50 MA. If successful, it will have the .236 retracement and then the long term down trend resistance to go up against next. If it somehow comes out on top of those two resistances,...

Fidel_Cashflow

Deciding point for BTC in the next few days. Will see how this plays out.

Fidel_Cashflow

Test Chart

Fidel_Cashflow

Perfect bounce off the .786 fib level. Short term target exit is 9.4-9.5. Long term exit 10.8-11.1.

Fidel_Cashflow

Nice support at the .5 fib level.

Fidel_Cashflow

Need to stay inside cloud and have strong volume if 11.7 is going to be broken. Strong cloud and fib resistance there.

Fidel_Cashflow Updated 

Perfect bounce on the .5 fib