bitcointrader3764

bitcointrader3764

As per my last post asking why noone was talking about the possible H&S on BTC, I thought id mention two points of interest that might spark a debate. By the graph it would suggest that if it were to play out, it would be around the 27th December. This of course is the day before the futures close and with longs running at all time highs, it would make it close to...

bitcointrader3764

Anyone seeing it too? And if not...why not...please tell me why...Thanks

bitcointrader3764

Is it just me but im looking at a possible H&S that could mean a drop to 3800 - 4000 very soon...Anyone else see it too?

bitcointrader3764

Today I added a pitchfork to my long term chart to discover where we might be going. To me, it made things a lot clearer...make of it what you will... Im adjusting my thinking a little to a 6K...9K....sub 4.5K....boundaries for now..how bout you?

bitcointrader3764

Here is a zoom in of the chart first published on the 11th November. The only question left is 'how low will it go?' Im guessing we will pause at the 6K mark....everybody calling it the bottom.....sounds familiar that! lol and we all know what happened next.. Good luck to all...Not advice.. Comments always welcome.

bitcointrader3764

From my previous post on Nov 11th, it seems likely that BTC will continue its decline. It has broken 7600 and 7200 as predicted and now needs a daily confirmation of 7200 as support turned resistance before heading lower to the long term trend line at 4400. This is not a bottom forecast as depending on the severity of the decine or not as the case may be, we may...

bitcointrader3764 Updated 

here is my chart. Ive taken out a bunch of the lines that are no longer relevant and left in what seems to be applicable. Im still waiting and will be til we hit the 4500 level when ill see where we are on volume etc. We may bounce a couple of times inbetween at 7600 and possibly at 7200 but the longer it draws out, the less likely the 7200 bounce will happen and...

bitcointrader3764

We draw lines all the time...my preference is the 4H and I move around from there to see the shorter term picture when things are moving. It is however always a good idea from time to time to step back...way back and take a look at the big picture. See where your ideas and thoughts over shorter timeframes fit into the plan over the long term time frame. So here is...

bitcointrader3764

Dont know bout you, but its starting to look a lot like a repeat performance is in the air. And the next big move might try and break two support levels in one go. By my reckoning around Friday...but who knows. Personally think we are still in the bear phase til earlt 2020 so im waiting on finding how low we will go....not advice...comments always welcome...

bitcointrader3764

"There's been a lot of talk about this next move...maybe too much talk..." Im looking for either a fall to 6K ish and then we will see what develops...or a retest of the resistance. Ive amazed myself at my own patience over the past several months...but ready, cash in hand...not jumping in anytime soon...

bitcointrader3764

Bitcoin consistently seems to want to defy the laws of gravity...I guess the powers that be just hope to skin a few more suckers before the inevitable happens. Problem is, as they fleece the uninitiated they just drive widespread acceptance of cyrptocurrencies further away from becoming a reality. And when all the new buyer are gone...we all know what happened to...

bitcointrader3764

The chart says it all....and when it comes, it may happen so fast you wont be able to blink. My general feeling on trading View is to go the opposite way to the consensus of opinions and posts as I feel that with no offence to the actual independants out there, there is a lot of propaganda type info. Same goes for most crypto media reports. But looking at the...

bitcointrader3764

Chart says it all - Selling here is tantamount to mugging yourself on the street...and giving your money to a stranger!

bitcointrader3764

Are you seeing what I am....3 times a charm (thats getting last three major moves right) check my previous posts....comments welcome...not advice etc etc...Merry Xmas

bitcointrader3764 Updated 

Having just touched the line and bounced, lets see if it can break and confirm to the upside. Maybe quick when it comes....a little relief...lets see where the FOMO takes us. The volume over the past two weeks smacks of accumulation. Have the powers that be got enough in the bag to want a little Xmas profit?....Should know soon

bitcointrader3764

A retracement back to 5K would be likely, so we have a little further to go...in a perfect world. But we all know that BTC is anything but predictable. What is encouraging is the increase in volume. The steady declining low volume has been replaced with rising levels well above the level before the drop. A sign of accumulation? Maybe too soon to tell. Shorts are...

bitcointrader3764

Most reasonable people thought we were going down from the 6K level..declining volume etc,etc. What has been surprising to many, me included is the hard, fast and deep nature of the drop. I certainly expected to see 4500-4900, then a bounce, before a deeper decline maybe over the holidays and into the New year. What we have seen is a concerted effort to go as low...

bitcointrader3764

The cryptocurrency industry is still in its fledgling stages relative to other financial markets. The market trades and moves on more lies and propoganda than the current US administration. But when it comes to BCH there are some undeniable truths that lead me to believe that it will outperform the market from this point over the next twelve months. And its name...