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Tag: bitcoin

BITCOIN: Symmetrical Triangle broken by the upper side

January 6, 2019 Published by

As forecasted yesterday, we have obtained a breakage of the symmetrical triangle as soon as BTC has reached the APEX.

Now, we may see again two possibilities, as you can see we are always “Binary” and prioritizing still a Bearish trend in opposition to declare a reversal confirmed:

First and primary option, for me, the “Famous” 5-3-5 correction on play:

According to this assumption, we would be still attending the “building” of a plausible 5-3-5 Zig-Zag correction since the pattern is valid. So, in this case, BITCOIN may still reach a value slightly below the last high (see wave (V)) or 4237 USD

Bitcoin Technical Analysis: TESTING KEY RESISTANCE…AGAIN

January 6, 2019 Published by

Bitcoin broke up and out of the wedge it was consolidating in. It found resistance right inside the golden pocket (between the 0.618 and 0.65 fib) I’ve discussed in the past. While we’re seeing a small increase in volume, overall daily volume remains fairly weak.

Looking at the daily chart, price is bumping up against the upper Bollinger band. This, along with the golden pocket, is providing a strong area of resistance.
Bitcoin is now above the 50 Day MA on the daily chart. Let’s see if today’s candle can close above the 50 Day MA.

Longs have been stacking for the past

LITECOIN: inverted HEAD and SHOULDERS

January 6, 2019 Published by

LITECOIN has just crossed the Neckline of the Inverted Head and Shoulder Pattern. If the Pattern Recognition Technique is confirmed we may see a 40% profit as target price (i.e: 51.3 USD).

As always, I am planning my “exit” points for target and Stop losses.

Let’s see if the increase in volume helps us to reach the goals here…

Enjoy!

@toofasteddie

*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

BITCOIN: Symmetrical triangle

January 5, 2019 Published by

Again we are in front of a 50/50% pattern, the Symmetrical Triangular Pattern on which Highs are getting lower and Lows are getting Higher.

The options, as usual in this case, are sudden breakage of triangular pattern through one of the two trend-lines.

The most likely breakage used to occur in the same direction of the trend, since we are correcting from a previous higher point, I would expect a breakage downwards.

If this case is triggered, a fall to the 3300 USD may happen.

But, as I said, we have 50% chances as well on which the breakage may occur upwards. This option,

BITCOIN: still one more move upwards before going lower…

January 3, 2019 Published by

Why? well, basically because I think we are really attending a long 5-3-5 correction, on which the first 5 waves have been identified (Left blue ellipse) and the 3 middle waves are almost completed (Middle Green Ellipse).

To view it clearer we can have a look at the hourly chart:

Still one last sub-wave upwards is missing in order to complete the final “B” leg of the 5-3-5 (A-B-C) correction.

My expectations is that “B” will reach a slightly higher value than the level of the “A” magenta wave, so around 4000 USD… and still can happen because RSI indicator shows that BITCOIN

Bitcoin Technical Analysis: PRICE RISES BUT VOLUME REMAINS WEAK

January 3, 2019 Published by

Bitcoin has broken out of the wedge it’s been consolidating in over the past couple weeks. It’s risen from $3,690 to about $3,900 at the time of writing this post.

We aren’t yet seeing the kind of volume we need to sustain a bull run. Currently overall volume is just above $5.2 Billion. I’d like to see it at least above $8 Billion on a consistent basis.

Shorts have dropped, while longs are stacking fairy significantly. If longs continue to rise and volume remains weak, market makers may drive price down to liquidate these new long positions.

In today’s video analysis I discuss,

BITCOIN: “Proof of Keys” event…

January 2, 2019 Published by

As anticipated yesterday, the Upper Breakage of the “Bull Flag” was something predictable and it was exactly what happened after publishing my post yesterday.

Since then, BITCOIN seems to maintain a non-artificial increase of price, which is perfect to fit in the planned path, which for me is the conclusion of the “B” leg of the 5-3-5 Zig-Zag Correction as I anticipated since more than a week ago…

The end of the “B” coincides in time with the so-called “Proof of Keys” event.

“January 3rd of 2019 marks the tenth anniversary of the first-ever block of Bitcoin mined – the so-called genesis

Index to crypto with Bit Brain – Edition VII – 2018

January 2, 2019 Published by

2018 is over and that means that it’s time for me to publish my final “Index” post of 2018 posts.

For those new to the awesome Bit Brain blog; I publish a monthly index of my posts from the past 30 days or so. It gives you an idea of what I wrote, lets you visit any gems which you may have missed and best of all: has a series of links that should make it easy enough to go back in time to find any of my posts.

I haven’t done Index posts for the last quarter of 2018, mainly because

Smarter than Bit Brain

January 1, 2019 Published by

It’s a brand new year, and what better way to start a year off than with a big slice of pie? Humble pie.

From https://www.flickr.com ; by Beckmann’s Bakery ; used under CC BY 2.0 license

Smarter than Bit Brain

“If you can beat me – and that’s a big “if”! – I will publish a post of those who are “Smarter than Bit Brain” “From https://steemit.com/cryptocurrency/@bitbrain/investing-in-crypto-is-too-close-to-gambling

Technically I could get out of this: I wasn’t beaten, I was soundly thrashed!

But as much as I enjoy revelling in my own narcissistic glory whenever I can, I have to offset that by admitting when

Is Bitcoin Setting Up For an Explosive Move to Bring in the New Year?

January 1, 2019 Published by

Bitcoin continues to get squeezed, creating higher lows and lower highs. Overall volume remains weak. As price approaches the apex of the larger wedge it’s operating in, we should prepare for a larger move.

Looking at the 4 hour RSI, we can see it’s also getting squeezed. This also suggests a larger move to come in the next 24-48 hours.

In today’s video analysis I discuss, traps to avoid, possible trade scenarios, short term price movement and so much more. I hope you find it helpful.
Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to

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