biffbifford

biffbifford

I apologize for the convoluted charts; I am experimenting with ideas. I am seeing price equilibrium in BTC price-action. Anytime we get near $4100 we are knocked down. I must conclude that a close above $4100, will push BTC higher, unfortunately, the powers that be, do not desire this much over 4k. You can see the Short-Interest moving along an upward trend. I...

biffbifford

The Primary Trendline was only a reference and never had enough data points to be considered Primary, but I speculated it would hold. I was wrong (save this I may not say it again). The secondary Trendline held as resistance and now holds as support. There is a lot of activity at these levels and while the downward solid trend holds, for now, it in no way...

biffbifford Updated 

We all seen what happened to Apple January 2, 2019. It sure looks like Apple may be on sale, but not quite yet. Notice the gap from the after-hours trading that should get filled before the next leg down. There is another gap that was not filled and is like a radar to traders as a potential bottom at the $122 level. I would keep a watch on Apple and if we fill the...

biffbifford

The Primary Trendline tried to hold but was broken. Now, probability suggests the Primary Trendline may act as resistance. I would like to see a move a bit lower; .618 fib level or better yet a bounce off the 100 MA would be a possible entry. I am watching this closely in coordination with the way all cryptos are currently trading. Again, sorry for the short...

biffbifford

As you can see from the chart we bounced off both the downward trend line and the Primary trend indicating very strong support. Make your decisions wisely, but I am considering a small investment around these levels while considering the way all cryptos are trading to aid me in my final decision! Good Luck, Sorry to keep it short, but I am having a very busy day!!!

biffbifford Updated 

This one really makes me sore! I didn't cover BCH but was watching it closely. We all know the drama it went thru and the significant drop in price as a result. But when it hit the $70 level that was enough to consider an entry point. For a time it decoupled from BTC and began trading uncorrelated -- free from BTC! Now we seem to be correlated to the big dog again...

biffbifford Updated 

My previous charts were deleted for some TV Violation. But if you had a chance to see it, I recommended we wait for a retracement to the down leg or primary Trendline. It's now time to fish or cut bait! Please note TV is taking down my charts for violating their terms and conditions. This is an UPDATED repost made current. I will be working out the details of...

biffbifford

It appears that we came back down to the Primary trendline. Time to buy? I am waiting for this candle to complete and watching the other crypto moves before I decide.

biffbifford Updated 

The down leg Trendline is holding for now on the 4hr. Here is a great article on the intimate details of BTC and the futures market. peacefulrevolutionist.com BTC Futures Manipulation Even before the launch of the CBOE and CME futures there were many investors who were looking for a method to short Bitcoin. The introduction of an exchange listed futures contract...

biffbifford

I rarely use indicators i.e., Stochastics, RSI, and you can fill in the blanks. I am not a fan of the Elliot Wave for use with cryptos. I have found it to be useful on some stocks but for the most part, very few on TradingView (TV) have the requisite knowledge to use it effectively (IMHO). I have found a few that know what they're doing and I follow them. I use...

biffbifford

It appears Trendline A is getting breached. We have been in a structured selloff since the last short-squeeze. I have felt that some miners want out and they can hold their coin on low volume days driving price and selling into the run-up. Rince and repeat so they can get out above $3500. It's going to be interesting to see what happens when we break Trendline A...

biffbifford

As you can see from the same ETH chart I have been posting with few adjustments that ETH is trading sideways. I know, no big revelation there. But, what concerns me is when we approach the downward trendline above. I "feel" $100 is more probable than $200 in the short-term. Watch the short-interest as clues to direction. Volume is low but that can be the holiday...

biffbifford

Well, is there anything I left out? Happy New Year everyone. We hope for a prosperous 2019. I will always give unbias analysis. I have reached 100 followers, so I will now chart stocks, futures, options, and Forex, as well as cryptos in 2019! Best, Biff

biffbifford

We are moving along Trendline "A" nicely. A break below trend will drop us to the .382 fib line. You can see the selling pressure above the .786 fib level. Too much crypto drama right now. I am a humble watcher of LTC until the New Year gets here! I don't like the way cryptos are trading. But you cannot deny the upward momentum seen in the Trendline (A). Let your...

biffbifford Updated 

ETH, like almost all cryptos, are highly correlated with BTC, and if my BTC chart is correct -- we should see a small pullback. These steep run-ups are not signs of a healthy market. The trading I am seeing screams manipulation. If you followed my trading ideas, congratulations, you are sitting nicely and holding on to some healthy gains over the last few months!...

biffbifford

Well, we not only hit the projected $3850 level we went a little below it before a small spring north. The candle reads a 4-hr bottom at the mark and is a hammer with a long tail. You will notice the selling pressure I noted on the chart above where you can see the long wick indicating sellers were using the price action to get out. So, where do we go from here?...

biffbifford

Well, I had a line drawn where I felt we would begin to pull back. It appears we are on that line. It sure looks like we are over-extended and ready for a retracement. I like LTC and wish this crypto well in the future, unfortunately, we are highly correlated with BTC, and it appears BTC is heading for a retracement, so LTC will follow like a good little crypto. I...

biffbifford

The downtrend I show on the chart is a bit steep and gives a higher probability to some sideways trading for the next few days. I see us falling to about $3850 by the end of the weekend. This bubble just doesn't have the steam to hold on to a long-term bull market. Many are falling away from crypto-investing altogether. Some are sitting on the sidelines praying...