TALife

TALife

I don't like this either. But there is a chance that this could happen. We have been grinding up so far after a good bounce off the $6000 support level. The grind up has become pretty painful to watch. The volume has been decreasing again and there's just no real conviction during the moves up. My previous trading idea was showing a bullish scenario. There I...

TALife

Two Scenarios for BTC Be careful. We might have reached a bottom when we hit 6k. But we are not out of the oven yet. And because of this: I think that BTC has to reach target 2 at least before we can think about a new uptrend. It is too soon right now to be 100% bullish . After we hit target 1 we will probably retrace to the red support area . But regardless...

TALife

Halftime is over and here I am with the second part of my trading idea about the Goldman Sachs prediction (see my previous idea). What GS didn't tell us was in which way we were going to go down towards the 2k mark. And it looks like I did a good job at predicting Wave B, "the bounce", for the $3000 level. The only thing that doesn't look good on my previous chart...

TALife Updated 

If you saw my last Bitcoin idea (see link to related idea below) you would know that this big downward move we are experiencing right now was to be expected. I have received private messages of people asking me "How can I know where the bottom is?" and the answer is that you can't know for sure. But you can try to predict the bottom of this downtrend - and this...

TALife

For the last few months Iconomi has been disappointing for traders and investors. The community constantly demonstrates how frustrated those that held on to this cryptocurrency are. The few optimistic posts aside, more and more people have sold off their Iconomi, often times taking big losses (which can be seen by looking at how the cryptocurrency has been...

TALife

After my predicted short term pullback (see related idea) took place Bitcoin failed to bounce off the the uptrend lines that were present at the time. As you can see on the chart Bitcoin has now broken another uptrend line, which shows that the correction will be heavier than previously thought. Without spreading FUD - this is an analysis - we have to consider...

TALife Updated 

After the euphoria people felt when Bitcoin was rapidly approaching the $5000 mark started to die down, Bitcoin reversed into a short term pullback (see my previous idea as to why it had to be expected) . This correction was rather mild and overdue. Now we are seeing a possible end of the pullback with a bounce around the ~$4450 support level. See the Uptrend...

TALife Updated 

In the past few weeks STRAT has been struggling to get to its old levels, especially when looking at the value in sats. This is partly because of Bitcoin rising so much and pulling money out of alts. It is always also important to look at the dollar value: STRAT hovering around $7 in spite of the lower value in sats shows that we should not worry too much. This...

TALife Updated 

Bitcoin has reached a new ATH and has found resistance at the $4750 level. As you can see on the chart this price is also near an important Fibonacci extension level. It is about to test the $4750 level again as I type this. If it fails to break resistance a short term pullback is likely. The MACD lines are crossing, confirming a possible short term downtrend. The...

TALife Updated 

After failing to remain on the uptrend line shown in my previous idea, BCC / BCH is still showing consolidation action slightly below the $300 level. After a long time of consolidation there are neither buy nor sell signals, which means we will have to wait for a clear one to show itself soon. This technical analysis is based on the fact that after consolidation...

TALife

Bitcoin has found a resistance level before reaching $4500. It is now trying to go back up again, but as you can see on the MACD indicator we have a pattern of bearish divergence showing again. On August 14 we had a similar pattern showing and Bitcoin went below $4000 after that. Conclusion: Watch out for price drops. If the price starts falling you will know...

TALife

After Poloniex credited BCC / BCH to its users and nothing major happened, the market is now ready for some movement. The fear of Bitcoin Cash going down in price after another large exchange lists it is seen as the reason why it was in a rather long consolidation phase. The chart shows that the price has remained withing a certain range and is now reaching a...