dubie

dubie

Yea.. Nothing but air underneath.

dubie

Bitcoin next leg down to $5817 USD on Bitfinex short time frame. will bounce at each line on way down. I already shared a much bigger time frame pattern and this is a shorter time frame continuation pattern confirming the bigger pattern.

dubie

Macro geometry could put us way in the basement of $1890 USD range on Bitfinex for bitcoin. Not overnight but just a possibility over next couple months or so.. Bitcoin did go up to the sky so who knows where the true floor is.

dubie

May dip just below 7k then bounce.... each of the three horizontal lines represent areas of support where you may get small bounces on its way to full target.

dubie

Bitcoin to lower 8k range near term. The BCH / BTC war is causing exchange rate of both to go down...

dubie

On balance of probability, Bitcoin on GDAX.com to $22,900 and change.

dubie

This structure gets us to the low $3500's and then expect a small bounce and then more down... much lower. After this target is met I will post the full picture and price targets. This $3500 area also serves as a neckline for a larger H&S pattern as well...

dubie

Not sure why this particular line is controlling the market... but it is a significant line in recent price action... almost seems to repeat the price action if you look closely at bottom half of line and top half of line. Are we really trying to pattern human psychology or have the computers taken over? Do that many people trade only trend lines? This stuff...

dubie

Check out the weekly candles.... Fall out the bottom or melt up?

dubie

Using HVF method this is looking like a great setup for Bitcoin.

dubie

Trend is your friend... for right now ETH is too soft for the hot knife... it really melts when it touches the line.

dubie

Bitcoin is currently respecting primary downtrend line shown... a break above that would be good but for now I am neutral until I see a move on that line... retest of 2350 possible.

dubie Updated 

I doubt ETH will break this small up channel. too many sellers up above... not enough buyers

dubie

I've been watching ETH hit a massive wall all night. Not enough buyers at this price. I could be wrong but price action is stable but on the weak side. May need to retreat a bit and have another go after it gets some more balls? Up channel needs to hold or it will retreat and regroup for a time... grind... or just may trade sideways until the sellers give up.

dubie

Having a good run, I I might get trigger happy the second this most recent uptrend line breaks. Will take a breather and see if she corrects a little. Looks like with this run $2350 resistance will now be support... Just my thoughts...

dubie

This is what I am looking at with ETH price action so far... I think short term this thing was overbought with the Chinese exchange hype... I am still watching closely for some solid direction.... I really haven't been charting ETH recently but... just a first look. I am a short term trader though I look for long positions on the bigger uptrend lines...

dubie

This is very interesting price action while ETH is at the same time having a little pull back... I'm starting to like what I see (short term).

dubie

Are we looking at a potential trend change? Price action poked its head out of the channel into a lot of resistance... looks like this thing may go sideways or back into channel? Watching closely...