On shorter time scales, BTC reversed at the PCZ of a bearish harmonic pattern and since showed some signs of a bearish diamond pattern. Alts dumped already, usually meaning that money is leaving the market. My position is neutral-short, with a potential price target of 20,000 in time. Take this post with a grain of salt. It's very uncommon for BTC to be such a...
weekly momentum still has not gone positive. I won't give too much more info. I'm shooting for ATH.
ABC showing a weekly structual descending broadening wedge with partial decline. Breakout has occured, with a throwback backtest. Price target in the realm on $6 in time. This is a large pattern, so be patient. This is not financial advice. I can't give you entry or stops.
if XRP fails here, get out. If not, 100x this. PCZ of a 4h bullish Gartley (most reliable harmonic pattern) with 4h MACD bullish divergence, double bottoming at the 200ema of the 4h. stop loss on this is very easy. RR is insane on this trade with a tight stop.
This one hasn't shown much promise until now. Eve&eve on shorter time scales right along the 200 daily sma. Could be a low risk entry for BCH and weekly has huge upside potential. stay above the 200 daily sma with an appropriate stop.
not much to say here....just long Litecoin. thank me later. as long as Litecoin stays above the 200 day, it's all business.
Of course, i'm not shorting in this uptrend. However, Bitcoin along with other alts (namely ETH) are showing weakness. It's on BTC to call the shots and in this current area, the moves are large, since there is no support until 17150 (daily candle close). watch for coinciding variables at those levels if we get there. My position is neutral - short term bearish. I...
It doesn't get more beautiful than this. neckline outlined in dotted line with clear, concise left and right shoulder. 100% measured move at $58. long the throwback if possible.
Bearish engulfing on the daily; you scared? This write-up will will discuss the price action leading up to the cross of $10,000. It was not like ever before. Previously, when BTC crosses 10k, things speed up...fast. instead, we saw btc dribble up with bearish divergence on ALL time scales. Buyers were exhausted before 10k, as I discussed in my previous idea. It...
Looking at Bitcoin on the weekly and month time frame, things are looking good; that is, if you're patient. The daily and 4 hour are a different story. BTCUSD is showing upsloping and converging price action with buyer exhaustion at a critical resistance, better known as 'shortening of the thrust'. If we look at the inverse chart, we can see a great buying...