cryptoshort

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Here is a general look of BTC after healthy corrections in early 2018. Several important points: BTC is currently trading near Fib0.618 and was previously bottomed (Provisinally) near 6000 (Fib0.786). In Q4 2017, BTC and ADL (Accumulation Distribution Line) were following the same up-trend. Since the price divergence (end Dec / Early Jan), ADL kept on...

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Here is another short look similar to April 12 that I posted earlier. We are in another tight BB with a low volume nearly 11K. I expect the price to blow out soon - roughly in couple of days.

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This is how I see BTC. Its channel is up and the broader & general support line so far is 1Y MA. The channel is defined by MA200d and MA365d as illustrated above. If the price re-tests MA50, which is presently near 8269 & it holds, it will rebound and continue its upward journey towards 11k to 15k (max) in coming months. The failure to hold this level will give...

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Here is a text book example of Bitcoin during the recent bull run post printing a higher low. When everyone was bearish and expecting 4k, BTC surprised us with a bull run that shows a neat Elliot-wave example. If the wave-5 again dies prematurely like in Feb, we will see the continuation of deep corrections. However, if the wave-5 continues towards 9k, we will...

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While BTC trading within a tight range 6600-7100 formed a narrow Bollinger Band (BB) and approaches the next Fibonacci Time Extension / Swing Zone 13, which is normally a major swing. Many people are expecting Apr-May to be a bull run. In general, the development of Lower Highs is interpreted as a bearish momentum or at least its continuation. Nevertheless, some...

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Following my last post & keeping the short position (TP-7500) on, I am also looking forward to a breakout of Gann 2/1 resistance. Technically, 4H STOCHRSI is going up & entering overbought conditions. However, the MACD signal is getting positive. Overall, bearish pressure is high. Only a fresh meat can break the resistance significantly up to 8400 so that we aim...

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Here is an example chart to showcase the application of Gann Fan in case of bitcoin. You can clearly see how does it help you in recognizing the bear & bull markets. I have traded these positions & still trading (longs/shorts)!

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I opened my trade back in March 18-19, 2018 & didn't post here. However, I did on the other side. The current trend might be seen as a continuation of 1D/1W channel down i.e. bearish. However, I see it different & much similar to early Feb bull run. Here is a snippet of my opened trades... BTC/USD 19-03-2018 08:42 TRADES: Recalling the interpretation of this...

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Bitcoin -9.47% breaks through the major support line annotated previously threatening to change the momentum. Should every dip should lead to zero-valued BTC -9.47% , is a major question to ask ourselves. Here is my view also annotated on my blog. IMPORTANT: There are two schools of thought, (1) Falling wedge since Dec 17, 2017, is continuing till today, (2) The...

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BTC didn't get exhausted nor appears as breaking the strong support level indicated here despite SMA200 is higher than current price level. As the time passes, the NE trending Fib levels will increase and the 0.618 will become stronger. Should we see another Lower Low, BTC has to breach through this.

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How real is BTC death cross is a question to ponder. Just thought to share this upfront. Typically, after such a major pullback and 70% decline in price, BTC rises progressively. However, it also has a tendency to go down towards the earlier support level that set the consolidation phase. At present this level is $6000. Should BTC drop again to this level, the...

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Respecting the earlier formed primary channel, bitcoin refrains from breaching the key support level around 8200 i.e. Nov 20-23, 2017. In fact, the same level is now a Fibonacci level (0.382). This bullish looking swing was predicted around March 9 through Fibonacci Time Zone Extension and it worked as a first bottom above the key support. This bullish move, set...

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While waiting for a decent long entry. I thought it is worth sharing this idea. nsdnnhttp://cryptoshort4u.blogspot.nl/2018/03/bitcoin-awaiting-long-entry-below.htmlnnn invst.ly for a closeup view: invst.ly SMA100 forms the top resistance, which is with time growing and becoming a mammoth target. SMA200 holds; median line of the set pitch form i.e. 0.5...

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I see an opportunity for a smart buy trade. Targets unclear since things can drop further down to SMA20, 50. I expect one can make some profits. There is still some minor consolidation going on within this 4H bearish trend. See the signal line on the MACD curve. However, we need confirmation of several things, which have been annotated on this chart. If you want...

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Something for bulls who are waiting for a long-term turn back. n this 1D chart below, you can see the main SMA Channel (semi transparent blue zone), which remains bullish looking over 100, 200 days. The current pullback (March 6, 2018) has breached through the median line of this trend & remains close to the SMA150 line (middle of the channel). These median lines...

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Waiting for my fib level candle to complete and the subsequent two-three candles will be interesting to forecast if there is any chance for price swing at this moment. Details you can find on my blog. I will see if this fib level is still working naturally to time a bitcoin event.

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You may get excited to see this. If you would have know this, you would have been trading this efficiently. See details at cryptoshort4u at bl**o*8gger dot com

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Previously, I annotated the Golden Ration and anticipate March 7 (+/-1 day) to result in a trend reversal. The possible short is below 11K either 10.9 or 11.0 down to TP at 10.2, 9.8, 9.2.