ToneVays

ToneVays

The momentum legs from the $275 low have been taken out. There is a clear Support / Resistance Horizontal channel identified by the Fibonacci's. The RSI and MACD are right down the middle and no one know what the make of the FinCen & SEC news. Waiting for a break down under $340 or a Breakout over $365.

ToneVays

Need to break back over $363 for another shot at new recovery highs. Adding the Fibonacci's to the 2-hr candle chart is now providing some nice areas to watch, Bullish over $363 and Bearish under $346. The moving averages are crossing so that's bad but the RSI hit some nice oversold levels which is good. The MACD also hit some low levels and is crossing right...

ToneVays

The set up for a breakout was good but not perfect. for over a week was hopping it would create a noticeable higher low around $365 right at the 200 MA but it turned up prior to that but was not able to make a new high. so now what... Hard to say, some will call it a Lower low vs 10/16 while others can say it's the perfect higher low since the BearWhale but it...

ToneVays

NOTE: Left the Arrows as if from previous Publish The chips are still lining up for a breakout but with BTC anything goes. I don't like Trend Line but when 3+ points are made you can't help but to draw some. You can call the overall pattern a Head & Shoulders, numerous triangles which the current picture is displaying with the Symmetric and Ascending, but let's...

ToneVays

All signs are pointing to new highs, we have now seen big buyers come in at $300 and under. Since then we have made 2 noticeable higher highs and one higher low. The 200 hr SMA is turning up and the price is sitting on the 50 hr SMA as support. The MACD and RSI have plenty of room before reaching overbought levels and once the price breaks back over the $400 and...

ToneVays

Very tough call right here, very hard choice for a short term trader. On the one hand it just missed the 200 SMA and came up just short on the RSI so a $20 drop right here would be perfect. But on the other hand there was some nice volume on the turn from $371 and the Overbought condition has been cleared. Look for a break of $400 to jump on the next up...

ToneVays

Watch the RSI to reach oversold, does not need to go down just consolidate but the perfect situation would be a drop to around 370 and right into the now upward slopping 200 SMA.

ToneVays

The RSI has reached overbought for the second time without testing the 30 zone, the opposite of early October, support is now at $360 so a perfect move would be a two day pull back to those levels then gear up of a strong rally to 440-450.

ToneVays

Big buy volume after the drop to 275 along with a Doji candle are all signs of a possible reversal in trend. The low came in just above the April Bubble top and this rebound stopped in its tracks at the 400 resistance line. A pull back to 340 would be nice but not necessary. Time to start looking for higher lows and higher highs after seeing enough of the...