MrDorea

MrDorea

Good evening friends. As i posted in previous charts,i still believe that once the glass gets hit 4 times during a 6 month period it gets thiner,not thicker,thus it will breake eventually. Bitcoin support was tested many times,now we see a rising wedge,no new money injected,only exchanges manipulating with their fake volume you see on coinmarketcap. If you...

MrDorea

Weekly log chart.Check the purple RSI line i have drawn:That's the true support/resistance bitcoin had for 6 years. I still believe that since the support was touched more than 4 times during a 6 month period and didn't breake it,the glass became thiner,not thicker as everyone believes. We also have Lower Highs,no new cash injected in this market,only fake news...

MrDorea

Major support for XRP.If bitcoin goes down 500$ or more,ripple is moving towards 0.30 area and 0.20 further.May be a great buy in case bitocin moves up 1k points now,risky trade. We are in a strong downtrend,untill the king stabilizes,alts are doing minor pumps and get down as fast.

MrDorea Updated 

Hello my friends. My few latests charts showed we were clearly going down,this one is more fresh and I found something very interesting. Check the Weekly RSI line i have drawn.Bitcoin always made Big moved when breaking,bouncing off that line. It seems it has bounced off that level but it's uncertain if we are moving up for now because: 1) EMA's all point...

MrDorea Updated 

I won't update my latest ideas where the dump was forecasted but will make a new one with the further movement of Bitocin. If we go past 6.6 we have major resistances right now that were supports for the past 4-5 months : 6.7~7.2k area I assume bitcoin will maximum reach 7.2 and then fall hard.If it can't go above 6.6 it will drop to 5.8 first,then...

MrDorea

Aion seems to have bottomed out. Daily RSI is oversold.The price played a bit near this levels,it is staying right at the fibbonaci. Risk reward is high,put a stop loss below Fibbo. This coin can give a bigger reward than Icon or Wanchain because it is only 70% higher than ICO price.Icon is x18 Trade on own risk :)

MrDorea Updated 

Hello,friends :) I hope this Idea never accomplishes,otherwise we're doomed. 1)Check the weekly RSI,below 50 = downtrend. 2)We are below 50 EMA,very bad sign. 3)We struggle to go above 0.61 Fibbonaci. If we fail to breake this triangle up,it is " Finito la comedia" I hope the Bull gods won't let that happen but be carefull about your long entry or purchasing...

MrDorea Updated 

Everything is described on the chart :)

MrDorea Updated 

It seems we are bottoming,check the 6.5-7k from where we had the 1k+ pump candle. 1)RSI acts the same. 2)Price Action almost identical. Everyone is expecting doom,i think we might have one more drop till 7900 area or consolidate here and then bounce hard. If this happens,we had the retrace 2 from 1-5 EW and we expect a very big 3rd leg up. Not advice :) Cheers

MrDorea

You can see the support levels,try to accumulate in the green zone area. Wanchain ATH was 9.90$,it had a decent retracement to 0.5 fibbo,but wait to see the support holding before entering a position.

MrDorea

You have the entry levels in the chart.Hope it helps )

MrDorea Updated 

2014 price action has it's place on todays Price action. If you think the bullrun started i will risk to upset you.Nobody buys Coca cola for 10$ when they can buy it much cheaper and gain more afterwards. Institutional funds getting in doesn't mean "Bull" necessary. 1)Bitcoin shows me a trend reversal right now,see it the way you want.That's my point of view. 2)...

MrDorea

Sorry,I forgot to change from Log to Linear. Check the RSI. There are 3 scenarios i see right now : 1 ) Bitcoin moves to 8.1~8.2 area,forms a Head and Shoulders and dumps hard. 2)Bitcoin drops from here ( 8030) area down to 7.8 and makes a bounce or reversal. 3)It goes up from here to 8.6~8.7 area and gets hammered hard.The bears showed they are still in the...

MrDorea

What if we see a giant bull flag on Daily,and BTC right now is forming a double bottom that will lead to pushing out of the flag? Everyone expects 6k,5k,4k.I will try to be more optimistic bagholding my altcoins.If BTC drops below this long-term trendline,we are going to dine in Hell.

MrDorea

Here's a crappy TA that makes some sense if we are not seeing a ABC correction on 1D chart.IF we have ABC then we're doomed to 4k.

MrDorea

If we revisit 10.2 and hold it we're cointinuing bull till 11.3k.If it doesn't breake 10.2 it may smash the fibbonaci downwards and push towards 6k.

MrDorea

It is just a personal thought.Bitcoin can go sideways +- 10% for now but as most exchanges closed their deposits/withdrawals from the 28th of december till january 4th,i would be carefull staying in the game for now.I hold fiat waiting for a buy opportunity around 7.5-8k