PMtrading20

PMtrading20

In looking at BTC chart, this will be the 3rd time in the last 3 months that we have tested the 6k area. the first time in late June we hit a low of 5750, bounced, re-tested the low (holding at 5780) before moving upwards away from 6000. the second time in August, we see a pattern of 3 lower lows with the last being at 5870 before the bounce. Now with those 2...

PMtrading20

I am keeping a close eye on ETC both versus $BTC and USD(t) I feel with its recent addition to coinbase, any rally in the broader markets will propel ETC to being one of the top performers. Also seeing a slight increase in twitter/reddit activity on this name..... they are both sitting right near pretty decent support areas. I am focused more on the ETC/BTC...

PMtrading20

I have updated my $BTC composite indice weighting for September (using August data) just copy and paste the following text as the 'symbol' (BITMEX:XBTUSD*60.60+BINANCE:BTCUSDT*45.39+BITFINEX:BTCUSD*26.66+COINBASE:BTCUSD*9.86+BITSTAMP:BTCUSD*7.74+KRAKEN:XBTUSD*4.80+POLONIEX:BTCUSDT*1.18+GEMINI:BTCUSD*2.90+BITTREX:BTCUSDT*1.06)/160.19 (you can also find the...

PMtrading20

LSK recently bounced off all time low price around 40 before doubling up and hitting 80ish. pulled back to secondary support of 60 over last week or so. Seems ready to try a leg up now..... Assuming the broader market continues its uptrend, i think this offers a pretty good R:R as it has a lot of upside potential currently at 6120ish entry: <6250 s/l: <5875...

PMtrading20

The last several days, I have been seeing a similarity in the price action highlighted. Granted, it is not a perfect comparison once we start looking at exact lengths of time and highs/lows; but still quite similar. We can also see that the highlighted portion is just a smaller trend within the larger trend/range. When comparing the recent low to the current...

PMtrading20

The last 2 times we saw $BTC ranging in the low 6000 area, was for 13 days (April) and 35 days (June/July). With this Sunday daily candle, we just entered day 11. How long will the range last THIS time?

PMtrading20

I am looking at a weekly chart of BTC and its interactions with its 50wk EMA. The last time we saw a protracted bear market like this, in 2014; we can see after peaking at 1175; we dropped down and tested its 50wk EMA. bounced off it for few months, went back and re-tested and failed. month or 2 later we retested again from underside, and failed. We tested it...

PMtrading20 Updated 

BAT has been in this descending triangle pattern for some time now, and has recently bounced off lower trend-line. With its name now attached to coinbase (and they love name dropping), i think its likely we see it move upwards to test out that upper boundary. entry: 3600 s/l: <3370 T1: 4150 T2: 4650 T3: 4950

PMtrading20 Updated 

I like ZIL here on a breakout of that longer time-framed trend-line. I am waiting for a breakout, retest and hold of that, then enter entry: under 820 on a retest s/l: <775 T1: 950 T2: 1030 T3: 1175

PMtrading20 Updated 

assuming BTC doesnt completely crap the bed here...i really like ETH for a 475 target for starters. its a convergence of 50% retrace and touch of downtrend line going back to its ATHs

PMtrading20

BTC has been coiling here for several days here and i expect it to make its move one way or another pretty soon here. The oft-mentioned CME futs expiration is tomorrow of course..could be the catalyst (on the other hand, its been so over talked about, that may end up being non event) Bulls need to break us above the upper channel line that we have been stuck in...

PMtrading20

BTC keeps tightening...bound to make its move very soon one way or another. the oft-mentioned CME futs expiration is tomorrow of course. lots of overhead resistance, and was very nice reversal off of 5750, but not a very good sign that we havent moved higher since then. Been 5 days. The longer we coil like this, the more violent the move will be when it...

PMtrading20

i think $ZIL is poised to have a monster week if BTC doesnt completely break down. daily chart beaten down badly and had rsi dip under 30 testnet scheduled on the 30th entry: 1050 s/l <975 T1: 1400 T2: 1525 T3: 1750

PMtrading20 Updated 

ONT is one of my favorite coins for the month. It daily chart is absolutely beautiful. In addition to the chart, mainnet release is scheduled for june 30th. Assuming overall market doesnt completely tank, i think ONT should have a monster month. entry: 11000 T1: 12500 (+13.6%) T2: 16000 (+45.5%) T3: 25000 (+127.3%) stop loss: under break of trend...

PMtrading20

very VERY similar chart patterns if we look at march action to current one IF the pattern plays out in a similar fashion/length, would put the date at june 6-7 Which is interesting to me because of this odd pattern: for whatever reason, the sixth of every month has proven to be changes on market direction.

PMtrading20

comparing 4 different BTC bull runs in the past top left is 2011, top right early 2013, bottom left 2013/14, bottom right current

PMtrading20 Updated 

all in all, this is a pretty weak $BTC $XBT bounce. 300 pts? pff...volume not that great either on short term charts, looking at pivot points and VP ... lot of points right around that 7500 level offering resistance. Going to take some volume to push us through that and prevent this pop being another bart (DOH!)

PMtrading20

Let me start by stating: this is not an attempt to compare the entirety of BTC / XBT markets from 2013/14 to 2017/18. I know there is a world of fundamental difference. This is simply a side by side observation, and lining up similar lengths of time and % gains/losses to see what, if any, correlation there is. Again..simply from a chart-to-chart comparison,...