GeertVD

GeertVD

BITSTAMP:BTCUSD Hi everyone, ... back with another update. It has been a while, but I decided to decrease the frequency of my posts and only post when we have significant new data points to update our analysis. First of all: I am still bullish, despite the recent dump (~7%). In my last post, - I mentioned an ascending triangle. ** The triangle that I...

GeertVD Updated 

BITSTAMP:BTCUSD Hi everyone, ... back with another update. >>> SEE COMMENT BELOW, FOR THE FULL TEXT <<< So... Yes, I am still bullish. We have definitively witnessed some interesting action in the last couple hours (and also during the last couple of days). Let's have a look at the 4H chart. All through yesterday, BTC was wrestling with the support...

GeertVD Updated 

BITSTAMP:BTCUSD Hi everyone, ... back with another (quick) update. As predicted in my previous post, BTC bounced off the .5 Fib (11,330). So, what now? In my opinion, we are forming an ascending triangle (AT), with resistance at the .786 Fib (11,770). We are currently riding the support of the triangle, so watch out for that. A break down (with convincing...

GeertVD

BITSTAMP:BTCUSD Hi everyone, ... back with another update. I have been quite busy with work the last days, so this is gonna be a quickie. In my previous post, I mentioned that my bias would flip from bearish to bullish if we had a 4H candle close above 10,400. That happened and as soon as I spotted it, I entered a long position. Unfortunately, I got stopped...

GeertVD Updated 

BITSTAMP:BTCUSD Hello everyone, ... back with another update. The take-aways of today's post are: - Yesterday was a non-event in terms of the BTC price (O: 11,236 <> C: 11,192). - I remain bearish ** despite the (2.7%) recovery from yesterday's low ( 11,000 <= mark that figure...); and ** because BTC is still struggling with the .50 Fib level ...

GeertVD Updated 

BITSTAMP:BTCUSD Hello everyone, ... back with another update. => If you haven't done so, please check the update on yesterday's analysis (I wrote just b4 going to bed). Okay, let's get right into it! First of all, in comparison to yesterday's chart, on today's chart I have - added the Fibonacci retracement, from the top (12,100) to the bottom (10,559.59) of...

GeertVD Updated 

BITSTAMP:BTCUSD Hello everyone, ... back with another update. First of all: apparently it's a violation of the rules to mention social media applications in a post, so yesterday's post got flagged and deleted by TradingView. This post is just going to be a quick update. If we zoom in to the hourly time frame, it's clear that we are forming a bear flag (the...

GeertVD

BITSTAMP:BTCUSD Hello everyone, ... back with another update. So: - BTC broke out of the (short-term) ascending triangle (shorter fuchsia and blue arrows). - BTC broke through the 9,800 resistance (bottom fuchsia arrow). - BTC got (another) strong rejection at the 10,200 level (top fuchsia arrow). Note that I don't consider 10,000 to be a significant level,...

GeertVD

BITSTAMP:BTCUSD Hello everyone, ... back with another update. There's not a lot to report. * We are hitting resistance at 9,600 (magenta arrow). * TD Sequential and Stochastic RSI are signalling an upcoming trend change (see below). Unless we drop significantly, today's close will print a green 7 on the TD Sequential . => A green 9 would be a strong...

GeertVD

BITSTAMP:BTCUSD Hello everyone, Apologies for the delay (work), but, here I am... ... back with another update. As it turns out, I was right and wrong at the same time! Previously, I mentioned that the red 9 on the TD sequential was a signal of a trend-change. I was right on that one. However, I also mentioned that I didn't think BTC could/would break...

GeertVD Updated 

BITSTAMP:BTCUSD Hello everyone, Back with another update. Yesterday I promised to have a look at the 3-day chart. What I wanted to point out is that ever since June 20 the 21-period (3-daily) EMA (blue curve) acts as support . In addition, notice 1. how the following oscillators (3-daily) are all bottoming out: * RSI (magenta) * Stochastic RSI...

GeertVD Updated 

BITSTAMP:BTCUSD Hello everyone, Back with another update. In my previous post, I mentioned that the uptrend (that started on July 16) was stalling. That's even clearer now. Notice the confluence of resistance , directly up ahead: the 21 SMA and EMA, the top of the (black) descending triangle (let's see if this may set yet another lower high) and the USD...

GeertVD

BITSTAMP:BTCUSD Hello everyone, I'm back with another update. In my previous post, I suggested to take a quick short, following the breakdown of the (14-day) uptrend (green line). If you took that trade, with an entry around 9,150 and an exit around 9,025, you made a nice little profit. However, despite substantial volume, the breakout was short-loved and...

GeertVD Updated 

BITSTAMP:BTCUSD Hi everyone, following up on my analysis of yesterday. I made some minor changes to my chart, but in terms of analysis nothing changed. ° I drew the green support line a bit more conservative (i.e. in favor of the bulls). However, despite that, as you can see, we clearly broke the green trend-line (to the downside) today. ° Moreover, we...

GeertVD

BITSTAMP:BTCUSD Hi everyone, I'm not usually sharing my analysis, but I will do it now. OPINION: bearish ANALYSIS: Since the beginning of June, we are in a descending triangle (black), with base around 8,930 (the .236 Fibonacci retracement). On July 8 we saw a failed bullish break-out from the descending triangle, at the end of a +/- 10-day...

GeertVD

Daily update of the BTC chart

GeertVD

This graph is my personal forecast of the bottom of BTC. => I think we are not yet done correcting . Based on my analysis, we are finalising the C~wave of the typical (Elliot Wave) ABC correction-pattern. The C~wave has a 5~wave sub-structure. As you can see from the chart, I am of the opinion that we entered the 5th (and last) wave of the sub-structure. Based...