faboose

faboose Updated 

PBOC over the last 48 hours does what PBOC does best in crypto, stir things up a bit. And what timing, right at the high where they last released news in 2013??? Interesting. For now however, I do not think this news is awful, what was the message? Exchanges cannot allow trade washing, or fake volume. ( great we have wanted this for years. The only way this...

faboose

Because doom

faboose Updated 

To many people Bitcoin has died several times over. But Bitcoin doesn't really care about them, it's been trending strong for the last year. We have a nice setup in the making playing off of the long term trend. If you been waiting 580's may be an excellent entry. SL will be under 200EMA. If 200 EMA fails, lower high confirmed and new lows will be tested.

faboose

Nice area to pullback for bounce off .5 from Jun move, or tanking lower.

faboose Updated 

Still not looking good for ETH here.

faboose Updated 

Well I do not want to get ahead of myself and say that the reversal/uptrend has been confirmed, because it hasn't fully yet, but it's looking more like it every day. Currently we're at another level creating a type of launch pad, we cannot make new lows, and accumulation continues. This means many believe there is more up to come (I agree) so here is my next...

faboose

Bitcoin loves drama; so here we find ourselves at yet another crossroad. I was bored and looking around when I stumbled across some very interesting similarities from last year. You will notice almost identical movements in Red/Orange. and then what appears to be reflected patterns in Blue/Yellow. Is this the difference between an upward trend/downward trend?(we...

faboose

Well what can I say guys, I've been looking for this move for months now and it looks like we're about to get it. If this rumor follows through expect an epic move similar to when XT was released. This long term trend in my opinion was only broke because of the XT news, if XT would of never happened we would of consolidated as predicted in previous charts linked...

faboose

This symmetrical action got me looking at some different patterns, given we got our weekly RSI reset, this looks like the type of movement Bitcoin has been building towards. As always, the opposite could as easily happen, have your stops ready.

faboose

We may finally have the fuel required to break the downtrend from $1200