pstavs

pstavs

Dear Friends, I created this chart trying to get a better view of the bigger picture for the coming weeks, hopefully its clean enough for you to analyze. I feel BTC is approaching a landmark point in its existence, and without trying to suggest a direction for the market, I have plotted the major Pivots, which are the most likely reversal / resistance points. ...

pstavs

Take a look at the weekly chart, have the stars aligned? This move is very technical... You decide!

pstavs

Here is an updated chart with adjusted targets. We moved beneath the golden zone at 8400 towards the 0.768 fib level at around 7800, but I am still optimistic for a bounce and nothing much changes for me except targets are adjusted slightly (see chart), and the likelihood of a bounce is even greater now. If we do bounce then the key area to break for me...

pstavs

Short term - BTC appears to be completing its Cycle - Still on Target to hit the golden pocket somewhere btw 8300 and 8400. - Will we go lower than that...? Of course its possible, but I feel probably not that likely given how hidden bullish divergence is starting to appear on higher time-frames (4h, 6h), so it looks more probable to me like a strong move up is...

pstavs Updated 

Admittedly I haven't posted TA in a while, simply because I haven't seen clear signals in the market for some time. At times market direction isn't very organic, BTC tends to explode with massive moves from the blue, and this is both exciting and scary! Some things I have been pondering: - Is the bottom in at around 7300 ? Many think it could be, but at the time...

pstavs

BINANCE:BTCUSDT - The first 6 months of the year we had vertical parabolic movement for BTC...This was almost unnatural growth. - Of course what goes up must come down, and the steeper the move up, the sharper it will come back down - Some in the market thought the first pullback to the 38.2 FIB was the expected internal correction, but that was always unlikely...

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- I am still a BULL, you have to remember this is an internal retracement of the massive bull run we have had so far this year, so perfectly normal, and NOT a change in the overall trend. - Unless we break below the 78.6 Fib I will remain bullish overall - I will go long at the 50 Fib Algo target, as I have maintained as my position since June 24th

pstavs

Still targets remain unchanged, the short squeeze looked to me a lot like manipulation, but we appear to be on course for targets despite the diversion.

pstavs

I predicted this correction since June 24th, and we are now in a golden corner pocket... We could also have a further correction to the 50% Algo target around 8500 - 8600.

pstavs

I have called this correction correctly more than a week ago, there is still more downside it seems... I am still a bull, but pay attention to the daily chart in the short term though for now.

pstavs Updated 

Monthly chart is crossing over, an uptrend is likely to last for at least the duration of this year and possibly beyond.

pstavs

MACD may soon turn, I am cautious now... there may be a little more upside but each day is a little less momentum

pstavs

I think with the monthly hitting the 50% Algo perfectly, the weekly looks like it might turn bearish in the short term for a pullback before the next wave up.

pstavs Updated 

NEO is a strong project with a steady following, no introduction needed. I am betting 2018 will be a massive year for NEO, and will consider holding my position for the longer term. - Buy in time is approaching in the coming days, especially if you bullish on BTC for the remainder of 2018. - Should BTC fall in the next 24-48 hours this will possibly give us...

pstavs Updated 

BTC looks most likely to fall out of the wedge, and find support at the 50% fib algo target. This would be confluent with the completion of a larger scale wave 2 retracement. This is what I am seeing in my TA, but we shall find out soon enough. We may go up first, and watch out for possible bull traps.

pstavs

Short term BTC may go up a little, but there will be another correction before going up impulsivly again.

pstavs

A coin I am liking more and more lately. Soon it may have some more decent gains. Be wary though of BTC and its movement in the next few days, as all alts will be affected if BTC corrects, and in my humble view we are about to begin an ABC corection in BTC.

pstavs Updated 

We are bearish until a fifth wave completes. If we break above the trendline we will see BTC reach approximately 8000 Eur... If the wave 5 breaks down again, then we head in the direction of 5600 Eur