Funding still up near .52% for the current session ending in 50 minutes & estimated .8% for the following. After a failure on 3 attempts to break the 9400 resistance, buying volume keeps decreasing & selling pressure is staying the same at worst. Would expect at a minimum, 9200 to be retested but more than likely we head to the top of the old TR around 8950. ...
Just lost a significant level (.03). exited the lower trading range and bearishly retested. expecting this to keep falling, testing the yearly low from a month back.
part II follow up to the last one on my timeline.
Green arrows are longs (or short covers) and Red arrows are shorts (or long closes).
anaylsis on the chart.
analysis on the chart. will plan on shorting btc from current levels down to sub $7K. will look for even larger longs there. still believe we need a mark down and reaccumulation before we can have a sustainable move back up. ltc has been dragging out this btc distribution for the past 2 weeks now.
A look at the supply and demand shifts for BTC during the past 180 days. It looks like we are nearing the end of a full cycle, from accumulation to mark up and now entering the end of distribution. We begin phase D of distribution once/if price returns to the former trading range of $7600-$8400. I do believe that we are in a clear bull market, my expectation...
Fairly simple HTF bull market strategy. Text in chart
it's easy to be early on the bear or bull divergences & common for there to be a fakeout up (in bear div case) before coming back down to retest former resistance turned support.
btc looks likely to break either 8-10% up or down in next 48 hrs; would expect alt contraction in either event
3-day chart makes an argument for an elliott wave/fractal completion move up, fib extension putting target around 605K sats. Given the Bullish news and announcements coming from the mainnet launch of wtc, coupled w what seemingly is looking like a nice alt run, i wouldn't be surprised by a 3x price movement on waltonchain.
Lot's on confluence indicating to go long on salt here. increasing buy volume w/o equivalent movement up (yet) in price; entering the cloud on the daily; clear double bottom trend reversal -> edge to edge trade looks pretty good here, however good see the movement losing steam around the 318 fib retrace from the move down. There's also pretty significant S/R at...
I still don't like the token (like the company though). However, have a lot of friends w positions in this, lots of confluence pointing towards a kumo breakout and retrace back up to the 618 fib
The DJI has broken below the cloud for the first time in over 12 months. It also broke below the 50 day EMA, which had been providing support throughout 2017's bull run (yellow shaded ellipses). Watching for the completion of the two trend lines (red arrows), but slowing momentum, lower highs, and resistance on top (bearish tk cross, red cloud, price below the...
BTC gonna go lower than low. Still intact bull trend (july 2017 - now trendline, teal color) has been tested and respected twice. But a death cross and significant resistance above (ichi & multiple trend lines) makes me think at a minimum we see a dip to the 78.6 fib level around $5500 USD, could set up for a double bottom if that capitulation closes back up...