Oboogie

Oboogie

I'm just pointing the obvious: last year, the golden year, the chart had only two red monthly candles, whereas this bearish year we have three green candles. It's 2 in 3 that it's going to drop more... It hurts but I feel like 1k is solid ground. The rest... let's roll another one.

Oboogie

Hi amigos, After dropping 300 points and hitting some of the lowest supports of the year -which it surely scared the hell out of everyone on a long position-, btc is on the road again. If I'm not too baked at the moment, what I see on this chart and other time frames is what could be an upside trend-line, though it really looks more like a bear flag to me. The...

Oboogie Updated 

Hey crypto locos! Maybe I'm way too stoned but, since volume is an important piece of information the cart gives us, I found out that right now volume appears to be on the bulls side. Maybe I'm wrong over this analysis, but looking at the btc chart, what we notice is that the last big drop's volume wasn't too important, showing itself more as a retrace than a...

Oboogie

Hey folks! In spite of all the danger, btc has been doing really good for the last two weeks so far. Meanwhile back at the ranch bears are wounded and bulls are out of control, Or aren't they? . I dunno... But I do know this, or this is what I'm thinking on right now: volume is not convincing me of this up-trend rally. Plus, bulls look tired. Trying to analyse...

Oboogie

Peace-inn If I'm not too stoned, today or the next few hours are all about waiting this head and shoulder pattern confirms. Peace-0ut

Oboogie

Friday 13th!! Last month Digibyte got my attention upon our trader friend Alan Master's call. From the day I looked at this chart, dgb only gave me joy, joy down to my soul. I sold the profits that I made (Namaste) but kept the original position, so I'm very interesting in what's going on with Digibyte in the crypto-markets while I'm getting ready to buy more....

Oboogie

Just like the King of Rock and Roll would cried, it's now or never. Looking at btc on a larger time frame than usual, we can set a more real scene and have a better perspective. Going straight to it, the triangle in the chart must hold and break-up by the end of this month, otherwise it would go to the 5k 4k areas that many people is talking about. I keep it...

Oboogie

I wouldn't be surprised if btc runs up to 10k this month. The RSI stoch shows that in the weekly time frame, this pair is over-sold. Not to mention the monthly's. In that way, btc could go up, besides I don't see too much sellers making more bearish this market. RSI changes through out different time frame charts, and while in the daily is over-bought, the weekly...

Oboogie

If I'm not too stoned folks, what we are seeing in the 4 hours chart is that btc couldn't break through to the up-side and the chart has formed a triple tops, which is a reversal pattern. In english, we are going down. The price has tested the latest highest and didn't make it, guys. That's it. On the other hand, btc just can't break the resistances traced in the...

Oboogie Updated 

I see that the bulls' impossibility to break out the resistance lines drawn in the chart are the reason why btc has just drop 70 bucks in the last five minutes. If bulls can't sustain that upside trend line this is over folks, we're going under 6.4k. I knew it, I don't know why choose to keep this long position open. Any help?

Oboogie

Hi traders! I have been developing a sort of TA theory called the Remoras Theory. I'm liking that post to this one, in order to follow thru this hypothesis. Getting straight to it, my idea is that the crypto markets are full of whales and remoras; therefore, prices and sentiments around the markets respond directly to mother nature's laws. In that way, chart...

Oboogie

Hi ravers! Everybody is like, should I go short or long?! Should I smoke or should I die? Well, I'm not here to sum-up what Top Authors are writing, but btc is in middle of something. Oh yeah! Looking at the 15 minutes chart, and after or meanwhile there's a mini uptrend rally going on, I see that remoras could get trapped as the whales are moving subtly. The...

Oboogie Updated 

Hey ravers! Maybe I'm beaked again, but I see the up-trend too weak. Keeping in mind that btc is in a bearish market since the beginning of the year, we shouldn't be too optimistic about this short bullish rally. The chart speaks for it self. BTC should go up to test the 100-MA resistance, but the fact is that it has failed to surpass the 7.7k line and that...

Oboogie

Monday Monday, so good to me ... Monday morning it was all I hoped it will be... Thinking about this past weekend price movement and reading most of the analysis that mention the undoubtful whale's presence in the crypto markets, my intention here is to try to develop a 'theory' that inquiries the high volatility in the bitcoin market and the presence of whales...

Oboogie Updated 

Damm folks! Maybe I'm beaked, but I don't see the bulls defending the 50-MA in the four hours chart. btc needs to hold that MTF on, or else it'll go down to test the 7k frontier again. Down there we can see the overall ascending trend-line, actually tested a few sessions ago. If there's not enough long positions to hold the mentioned MA, and if I'm not that...

Oboogie Updated 

btc looks nice for going long, the TA says, but maybe I'm too stoned. There's a mini bulls flag that has been formed. Also if btc holds the yellow 20-EMA as support, it could go up all the way to the 50-MA in red. These are targets to confirm an uptrend, which would invalidate the bearish set up in the 4 and 1 hour charts. Also the RSI has plenty of room to go up....

Oboogie Updated 

Hey buddies, btc isn't looking good... Maybe I'm too stoned but if you are one of those that have been looking to the screen for the past hours, one thing is for sure: we're in a downtrend and we haven't bounced yet. Looking at the hourly chart, the 20-EMA (in yellow) is been working as an overhead resistance that have succeeded rejecting every single short...

Oboogie Updated 

Hey cryto-traders! Looking at the Daily Chart, the MA-50 (in yellow) is working as support for Bulls and resistance for Bears. In the hourly sessions, the last down trends have been rejected by it and the .5 Fibonacci Retracement placed from this year lowest and highest. Still the 8.3k zone is a support zone and bulls could be come up with power and gain...