Tested support from beginning of Summer. Confirmed reversal up. Should break out to the upside no later than September 21 despite any more dumps before then.
Slow summer months are ending. If this support holds I believe we are in for a nice Q4 rally to new highs for the year. Not certain of all time highs though. I believe those will begin later in 2020 around and after the halvening similar to previous rallies.
If that's the case there's a couple more days up in price from now, some stagnation, then by end of September I'll be pretty happy. I'm thinking 16-18K, but what do I know? I'm just a pleb.
I'm long on this one. Always with tight stops. I'm no magical wave guru, just watching price action. Looks like a decision point that may run up and test $470-480 soon. Refer to the 3D in lower right.
This is my Daily outlook only for a longer term move. BTCUSD1W Daily - Third push to $480 with breakout by 27th As I am cautious, I'm waiting for a solid break on the daily to commit, but I am expecting a good move up in the next 1-2 weeks. This is my Daily outlook only for a longer term move.
scmr & cci daily show me good upside potential. Just keeping stops close as always. Chart looks the same for bfx and okfut. Of course btc plays by it's own rules so I live with tight stops...being destroyed my monster candles in the past has taught me that lesson well.
Pretty basic chart here. BTCUSD1W 60m Ascending Triangle - Resistance at 450. SCMR resistance also shows 450. Third approach to 450. Will it break up per traditional belief or crash like bitcoin is so prone to doing? I have a small buy at break-up 451ish and sell at break-down 443ish.
We appear to be at a previous resistance point for the year. This is our 3rd major push up in price. Each high seems to be stronger, but if we fail here I'd expect a rather large pullback. I'm neutral long term waiting to see what plays out. Just playing short term swing & scalp trades.
Currently pushing up toward $300 then reversal to bear market if it continues the same pattern. Anticipating final highs then new downtrend 2nd week in November if pattern holds - tops every 4 months. I generally use a 1D chart on lower right, but I backed out to 3D to show more of the range for 2015. 2015 core range approximately between $219 and $300 leaving...
It's optimistic, but I'd love to ride this down to 1.0846. You can see that level on the Day chart.
Now that our June move finally arrived I'm waiting to see if this level holds or fails. Due to my old crutches, the Williams indicators, I'm expecting this level to hold then continue to go higher, but am not in a position at the moment.
Consolidation basically from our January low to possibly June 1 on the daily. For the fib fans, price seems to have settled around .5 fib retracement over that period. Who knows...maybe a historic move in the works by June 1 or 2 at the end of this giant consolidation period.
Following up the 60 minute post with a 4 hour view of these bookend moves. Obviously big money making these moves.
Seems to be bookend moves in 17-24 hours based on past moves. I'm expecting another good move soon since we are in that time window now. Until I get a SCMR indication of direction I'm neutral.