IAmSatoshi

IAmSatoshi Updated 

I really only publish charts so I can say "I told you so" to IamNomad later on. The general idea is that price quickly retraces 50% of the dump while consolidating on RSI = 50. Also, watch for cloud support to hold until the bearish TK cross (Red over Green). A daily candle close inside the cloud with a bearish TK cross would be a reliable signal the fractal has...

IAmSatoshi Updated 

See Annotations "Sell with Resistance" can look like - shooting star, tweezer top, head and shoulders, bearish divergence, etc. I haven't found much online regarding targets of the pattern once the 3 drives completes. As always, let it go and use your stop system.

IAmSatoshi Updated 

Since 2015, this trend has been held within the pitchfork very nicely. Also note how RSI double tops just as price attempts to exit the upper quartile of the pitchfork and fails. I'm expecting a similar outlook for the completion of the next rally.

IAmSatoshi

Bear Flag broke down last week. Price trend remains bearish per ichimoku cloud - Below Cloud, Bearish Cloud, Bearish TK, LS below Cloud and Price. For entries post kumo breakout, you want to see price reach back towards kumo and kijun, which is what happened with a tweezer top on 12/13-12/14. I'll be watching this throughout the week.

IAmSatoshi Updated 

See chart for annotation. Looking for a pullback to ~50% fib with RSI 'reset' to 50. Expect volume confirmation on handle breakout of horizontal resistance. Target ~$1000USD

IAmSatoshi Updated 

Just watched Neistat's review of the new GPRO drone prototype so I'm super pumped. youtu.be This idea is obviously super biased. HOWEVER, chart does look bottomy with a nice trgt of $37.18 on flat kumo signalling a potential long term hold into 2017. This trade gets more enticing when price breaks cloud and closes into it. I speak often about flat kumo + edge...

IAmSatoshi Updated 

C+H is usually a sign of bullish continuation and NOT at the end of a downtrend. However, this still may play out as a C+H would. Reversal/Continuation patterns do rarely emerge in reverse. Long @ break of 0.764 fib

IAmSatoshi Updated 

BBands set to (30) Triangles also represent a squeeze on the BBands The past two squeezes of this magnitude have hit either R3 or S3. My expectation is that this breakout will do the same. Although admittedly, the pivot math is greatly altered due to the BFX hack selloff, so therefore the S3 pivot at 2270CNY may be a little low, but does fall within previous...

IAmSatoshi Updated 

Current Possible Long Entry Pending on Bitcoin High Probability Long Entry Checklist 1. Get Ready - Resistance Failure 2. Get Set - 50EMA crosses over 200EMA 3. GO! - Bids on 'Support Test' of 200EMA Stops = candle close above/below 200EMA Close/Targets = trade by trade basis - usually consists of candle/chart patterns such as double tops/bottoms or Head &...

IAmSatoshi

BBands on traditional markets are default set at 20 and per John Bollinger, he found this to be the best setting. This gives the bands a 20 day SMA, thus capturing a month of trading. 9 to 5 trading, 5 days a week, 20 days/month However, Bitcoin may require a change of this setting to 30 because it is traded 24/7. 24/7 trading, 30 days/month. Chart is annotated...

IAmSatoshi Updated 

A close inside the cloud (through resistance) is a very bullish indicator. A close above the $51 neckline in the cloud would give me further confidence that price would propel to $60 w/a pit stop around $54. ~$67 would be the ultimate bull target based on the flat kumo. Cloud taken together with MACD , RSI , and stoch , Technicals collectively is mixed. MACD...

IAmSatoshi Updated 

Potential adam and eve bottom with an entry in the cloud makes a 1.22 level very likely. Wait for price entry in cloud above 1.147 for a high probability trade.

IAmSatoshi Updated 

I have no experience with this pattern, will be interesting to see if it comes to fruition. Long at 3500 horizontal as well

IAmSatoshi Updated 

Potential three drives pattern. Should be fairly obviously as breakout of previous top occurs. End result being a pullback to around $600

IAmSatoshi Updated 

Potential H+S forming. I've annotated this because I've noticed some knowledge gaps in the community in identifying a H+S pattern. Hope it helps. Staying out until settlement tonight. Will be watching pattern over the next week and volume in particular. Is low volume due to 1/4ly contract open or just the bull trend taking a breather?

IAmSatoshi Updated 

All wording taken from stockcharts.com id=chart_school:chart_analysis:chart_patterns:ascending_triangle_continuation I just placed everything on the chart for people to read. This is an undeniable bullish picture.

IAmSatoshi Updated 

Price broke large triangle but another double top pullback won't be supported by the cloud. Long remains the play until a double top forms.

IAmSatoshi

Price in cloud = no trade zone. Wait for price to break cloud to go short or long. This will most likely be a short as bitcoin is poised to break upwards.