aydngur

aydngur

After yesterday's remarkable green candle my model gave a Long signal for #Bitcoin. We have two positive signs: Inverted Head & Shoulders pattern forming (A close above 6800 is required for confirmation. If it's rejected we'll have a serious downturn) Long term Falling Wedge pattern can be broken up to form a rally Meanwhile price should overcome...

aydngur

This is never the only decisive factor but please check numbers of Long and Short positions opened at Bitfinex. Market usually goes opposite to the expectations of market participants. A small jump above 7000 looks quite possible.

aydngur

I would be very happy to give good news but I'm afraid BITSTAMP:BTCUSD doesn't look strong for a comeback. A Symmetrical Triangle with dropping Volume near apex. This suggests continuation of the main trend. Next target can be 4500 - 5000 range.

aydngur Updated 

After its spectacular bull run, a reliable trendline appeared for LTC . It's testing the support over and over again. Let's note the volume. It's not enough to protect this price level or carry it higher. This steep trend line, once broken decisively, will mark the end of current bull run. There's also a triangle pattern which can be a reversal signal at this...