stackit

stackit Aug 7, 2018

As you can tell from the chart above we have a confirmed Hidden Bullish Divergence on both RSI & Stoch RSI on the 4H chart for BTCUSD as indicated by both indicators breaking above the yellow horizontal lines (circled in pink). Major support level at 6700-6840 with fib confluence, followed by a diagonal support trend line which we have stayed above for over a...

stackit Jul 22, 2018

Lines up with RSI and Stochastic. The bad news is if this plays out we will have to dip back down to $6500 range before rallying back up.

stackit Jun 15, 2018

Follow up on my previous idea; To further strengthen the bullish case for BTC on top of a confirmed bullish divergence I covered in my previous post it looks like BTC is forming an Inverse H&S with the right should sitting right on top of an ancient support trendline which started forming all the way back when BTC formed a local bottom Nov 11 (the bcash...

stackit Jun 14, 2018

The chart is pretty self-explanatory. Bullish Divergence is confirmed by the RSI making a higher high on 4h chart followed by a Bullish Engulfing all point up. ***Not financial advice. Always DYOR***

stackit Jun 11, 2018

Last time this happened we saw BTC gain 96% in 14 days after a quick 11% drop and retrace. The time before last this has happened BTC had a quick drop of 11% before it went on a massive 592% bull run, lasting 93 days leading up to the ATH. Could this signal the next rally or potentially the next bull run? If so a 10% drop to $5,850 can be expected followed...

stackit Updated  May 31, 2018

As we can see the bearish channel in RED we've been trapped in since ATH 0.00% we finally broke out of it FEB 26, after a failed attempt FEB 19 only to hit the same ceiling level in PINK sitting at $11,700 while on the down side the top of the bear channel seems to be serving as a strong support level on our descent. A descending wedge also has been formed with...

stackit Updated  May 29, 2018

Hello fellow traders, with so uncertainty within the market as analysts are calling for targets ranging from $1k to $100k+ it can get quite confusing trying to make sense of this and so I thought I'd shed some light on the situation as I best see it in the Here and Now. So let's jump right in! Here we have the 4H BTC/USD Chart where hidden bullish divergence ...

stackit Updated  May 16, 2018

Hello my fellow traders, as it looks like it might just break out at any moment let's jump right into this idea. Up top is the 4H BITMEX BXBT chart where we are clearly seeing lower lows (in green) yet the RSI, Stoch and MACD are making higher lows (in green) indicating potential bullish divergence. This pattern is to be traded upon successful close above the...

stackit May 11, 2018

So this Ascending Triangle I've been watching has finally broke above resistance at $8952 and is rising as I'm writing this.

stackit Apr 26, 2018

Hello traders! Here we have a daily BTCUSD chart where we might have a possible Adam & Eve Double Bottom Formation. Potential target for the Adam & Eve formation calculation goes as follows: $11,780 + ((11,780 - 5,920) x 0.66) = $15,647.60 TARGET (in Red): $15,647.60 Break above $11,780 serves as a Pattern confirmation (in Pink). *** Potential 32% gains...

stackit Updated  Mar 12, 2018

Bitcoin COINBASE:BTCUSD is looking quite bullish these days keeping within the Major Trendline - the channel in Solid GREEN, which has not been breached except for when we went hyper-parabolic from the end of November and into mid January. This channel has been acting as our major support and resistance levels since mid 2016 as you can see from in the chart...

stackit Feb 23, 2018

If history is known to repeat itself, and as a wise trader once said "because it cannot be compared to any asset... except itself" I figured I would overlay BTC's candle formation from the crash commencing September 2017 and leading up to ATH -2.71% reached Dec 17, 2017. Let's see how this plays out.