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BTC:USD DAILY UPDATE (day 150)150 straight days of posting the daily update. If you want to improve your TA then that is how to do it! It isn't about which indicators your use or don't use, it is about developing a consistent process. Thank you very much to everyone who takes the time to like and comment, it is greatly appreciated! Previous analysis /position: Remain a bear sitting on the sidelines. Watching the 50 week MA and 0.382 FIB for resistance. Waiting for death cross from 30 and 50 week MA. Patterns: Higher highs and higher lows forming a trend. Horizontal support and resistance: S = $7,814 R = $8,475 BTCUSDSHORTS: Testing 18,500 for support. If that doesn’t hold then shorts could drop all the way to 8,800 Funding Rates: Longs pay 0.0404% 12 & 26 EMA’s (calculate % difference): 12 = +7.07% | 26 = +13.27% | Starting to posture up on the weekly. Will it get a bullish crossover? 50 & 128 MA’s: 50 = +21.70% 128 = +7.83% FIB’s: 0.382 = $8,496 | 0.5 = $10,677 Candlestick analysis: Monthly bullish engulfing Ichimoku Cloud: Daily is bullish, support from Tenkan. 12h starting to form c clamp. 1h cloud is bearish and currently acting as resistance. TD’ Sequential: Green 3 following 9 on the sell setup. Green 2 above a green 1 on the weekly with a 10 on the sell countdown. Visible Range: $8,200 has the second largest volume profile over the past 24 hours and is currently being tested for resistance. $8,200 has the largest volume profile over the past 5 days and 3rd largest over past 1 month. $7,600 to $8,335 has the largest volume profile over the past year. Breaking that level with conviction would be very significant. BTC Price Spreadsheet: 12h = +3.97% | 24h = +/- 0 | 1w = +12.13% | 2w = +31.39% | 1m = +36.03% Bollinger Bands: Pulled back inside top band on daily. MA = $7,151 Back on top of the weekly MA. Trendline: Connects 7/16 to 7/23 Daily Trend: Choppy. Starting to turn bullish. Fractals: UP = $8,500 DOWN = $7,237 On Balance Volume: Daily, weekly and monthly look healthy with no divs. Chaikin Money Flow: Created a higher low and found support at 0.1 on the daily. Broke 0.23 resistance on the weekly. Will it break 0.05? Buy/Sell Sentiment on Trading View (countertrade): Oscillators = Buy | MA’s = Strong Buy | Summary = Buy RSI: Daily found support at 65, will it get back above 70 or form a h&s? Weekly just crossed 50. Stoch: Recent sell signal on daily, still has plenty of room to go on the weekly. Summary: Continue to sit back and wait to see how far this rally can go. I will remain a bear until the longer term MA’s are in a bullish posture and the price is on top of them. Until that happens we are still in a bear market. If we can get back above $10,000 then it is very likely that my conditions for a bull market will be met. Until then I will remember that even if that was the bottom, the bulls are still inside their own 20 yard line. “As for me, I have no desire to carry the football from end zone to end zone. Just give me the territory between the 20 yard lines.” @PeterLBrandt
COINBASE:BTCUSD
by Sawcruhteez
3
BTC:USD DAILY UPDATE (day 149)Previous analysis /position: Waiting for further development. Resistance from 0.382 FIB vs full bullish daily cloud. Recent 9 on the TD sell setup vs green 2 above a green 1 on the weekly. No position. Patterns: Higher low and lower high is forming a trend. Recent breakout of a triangle on the log chart. Horizontal support and resistance: Weak S: $8,188 Strong S: $7,600 Weak R: $8,245 Strong R: $8,500 BTCUSDSHORTS: Long:short ratio = 60%:40% | Both longs and shorts have started to increase over last hour. Funding Rates: longs pay shorts 0.0514% 12 & 26 EMA’s (calculate % difference): 12 = +4.41% 26 = +14.39% 50 & 128 MA’s: 50 = +21.14% 200 = -5.00% | 50 has started to flatten out. 200 still angling down. FIB’s: 0.236 = $5,754 | 0.382 = $8,437 | 0.5 = $10,606 Candlestick analysis: Daily inverted hammer. 1 month bullish engulfing is forming. Ichimoku Cloud: Daily cloud is fully bullish. Will be interesting to see if it re enters 3 day cloud, and gets a bullish TK' cross. TD’ Sequential: Green 2 below a green 1 on the daily, following a 2 on the sell countdown. Green 2 above a green 1 on the weekly with a 10 on the sell countdown. Visible Range: Largest volume profile in last 24 hours is $8,208 and we just fell below it. $8,195 has the largest volume profile in the last 5 days. If we breakdown below $8,195 then a pullback to $7,750 is strongly expected. $7,416 has a good volume profile over the last month and there is a big gap down to $6,600. $8,424 has the largest volume profile since Dec 2017 and currently just served as resistance. BTC Price Spreadsheet: 12h: +/- 0 24h: +1.10% 1w: +9.51% 2w: +32.23% 1m: 31.26% Bollinger Bands: Back inside the daily band. MA is $7,061. Back above the MA on the weekly. Trendline: Connects 7/26 to 7/23 Daily Trend: Chop Fractals: UP = $8,656 DOWN = $7,173 On Balance Volume: Looks healthy, no divs’ Chaikin Money Flow: Angling down on the daily, will it find support at 0.1? Buy/Sell Sentiment on Trading View (counter trade): Oscillators = sell | MA’s = strong buy | Summary = Buy RSI: Daily back above 70. Weekly just crossed 50. Tyler Jenks viewed this as bearish in his hyperwave podcast from yesterday. That is due to how far the price would need to fall for it to retest to 30 - which he thinks will happen before the bear market is over. Just broke 0.025 resistance on the weekly. Stoch: Weekly looks strong. Daily just had a sell signal at 90. Summary: There are a lot of reasons to be bullish right now, but I remain unconvinced. Support is moving up and the daily inverted hammer indicates that another move up is to be expected. The weekly is bullish all around, but it looked just like this in 2013 before shitting the bed. See this comparison. The 50 week MA and the 0.382 FIB held as resistance. A breakout above those would invalidate the 2013 comparison and would cause me to change my overall bearish tune. A death cross on the 30 and 50 week MA’s is incoming and that could provide a great r:r for a short. It is still too early to join the bulls. We need to trade above $10,000 or trade above longer term moving averages that have a bullish crossover. There is no reason to get anxious or be impatient. If we already found a bottom then there will be plenty of time to get fully entered and capitalize on the next big bull market. On the other hand this could be the last bull trap/dead cat bounce before we go to $4,200. If you are tired of sitting on the sidelines and want to get into a position then the triangle that is forming on ETH:USD is very interesting. Click here to read my full analysis.
BITFINEX:BTCUSD
by Sawcruhteez
2
Trumps Economy | S&P 500 Analysis | BullishAccording to my technical analysis on the weekly chart using the TD-Sequential Indicators along with the 50 MA (Moving Average) and the 100MA in the purple, we've got a really great chance of a few weeks of some upside. Maybe new all-time highs!! At the time of this writing, the S&P500 (SPX) is on a green '3' of '9' candle on this weekly chart. Typically, a perfect setup is what a green '2' closing ABOVE a green '1' candle; Which is exactly what happened here on the weekly chart! We're finding really good support along the 50MA (in the blue). Every now and then we hit the 100MA (in the purple), but we always bounce off that support line. There's a lot of uncertainty in the markets because of the tariff battle going on; However, I don't think this is going to really hurt the market much. I'm not a financial advisor, but overall, I'm bullish in this economy.
SP:SPXLong
by the13thalien
1
S&P 500 on the next leg of it's parabolic movePrevious analysis /position: Made a post with a long entry on July 13th. I did not like the bearish doji (daily) from yesterday that came right after we broke resistance and had bullish price fill on the TD'. Very happy to see current bullish marubozu with another green 2 above a green 1. Long from $2,808.35. Patterns: Going parabolic. Approaching all time high reminds me of the infamous double top on 2008. Horizontal support and resistance: S: $2,816 R: $2,850 9 & 21 EMA’s (calculate % difference): 9: +0.45% 21: +0.67% | Bullish cross 50 & 200 MA’s: 50: +1.10% 200: +2.59% FIB’s: 1 = $2,873 Candlestick analysis: Bullish marubozu (daily, weekly, monthly) Ichimoku Cloud: Fully bullish (daily, weekly and monthly) TD’ Sequential: Green 2 above a green 1 (monthly) | Green 3 above a green 2 (weekly) | Green 3 above a green 2 (daily) Visible Range: Last significant volume profile was $2,830 Bollinger Bands: At top of daily band. At top of weekly band (this is when it has made it strongest moves over the past year). Trendline: Parabolic line starting in July 2010. Bottom of May 2nd to bottom of June 28th could be the next wave. Daily Trend: bullish af’ Fractals: Broke up: $2,815 Top: $2,878 Down: $2,787 On Balance Volume: Weekly shows a small bear div'. Monthly has a bull div' with volume at a new all time high Chaikin Money Flow: Bear div' on monthly. Weekly and daily look healthy. Conclusion: Very confident that we are in for new all time highs. TD’ Sequential shows this run has plenty of room to go and the volume profile shows very little built up resistance. Buying right now doesn’t feel like the best entry to me but it could be justified with the TD’ Sequential. A pullback to $2,820 feels likely at some point and setting an order there would make me feel more comfortable. As it stands I am fully positioned and don’t plan on taking profits until a 9 on the TD’ sell setup.
FOREXCOM:SPX500Long
by Sawcruhteez
BTC:USD DAILY UPDATE (day 148)Yesterday’s analysis /position: 0.382 FIB and 9 on the TD sell setup vs bullish cloud. Expected a pullback or days of consolidation to get us back to the 12 day EMA before we could break $8,500. Identified death cross on 30 and 50 week MA’s. Remain bearish overall, but wasn’t confident that was the top of the bounce. Currently no position. Patterns: Broke out of a triangle on the log chart. Higher lows and lower highs are forming a trend. Horizontal support and resistance: r: $8,491 s: $7,591 LONG:SHORT: 58%:41% | Shorts really picked up in the last 1h. Could potentially see a h:s confirming on the 1h chart. Funding Rates: Longs pay shorts 0.05% 12 & 26 EMA’s (calculate % difference): 12& 26: +20.53% making bullish crossover but the price is way too far away. 50 & 128 MA’s: 128:+7.23% 50: +20.99% | Most time we have spent above these MA’s in this bear market. 200 MA was almost tested for the first time since May 6th. Will be very interested to see if it can breakthrough it. FIB’s: 0.382 = $8,448 0.236 = $5,786 Candlestick analysis: Daily Tweezer top. Ichimoku Cloud: Daily could is at $7,604 which it was prior resistance it is a logical area for the price to retest for support. The only thing that isn’t fully bullish about the daily cloud is the Lagging Span isn’t above the price. TD’ Sequential: Green 1 following the 9, would need to trade below $7,420 to get a price flip. Visible Range: Largest volume profile in the last 24 hours is $8,164 - $8,225. That area is currently being tested for resistance. The 2nd, largest volume profile in the last 5 days is $8,174 - $8,225 which is currently being tested for resistance. $7,720 is the largest during the last 5 days. There is very good volume at $7,400 and $6,600 and those areas should serve as good support. BTC Price Spreadsheet: 12h: -2.38% 24h: -0.36% 1w: +11.62% 2w: +28.43% 1m: +30.35% Bollinger Bands: Just pulled back inside daily band. The last candle was the farthest we have been outside the daily band in this entire bear market. Trendline: Bull trendline connects 7/16 and 7/23 Daily Trend: Bearish Fractals: Down: $7,208 UP: $8,650 On Balance Volume: Healthy/no div’ Chaikin Money Flow: Approaching 0.05 on weekly. Trending upward nicely on daily. Buy/Sell Sentiment on Trading View (counter trade): Oscillators: Neutral MA’s: Strong Buy Summary: Buy RSI: Retesting 70 on daily and just broke 50 on the weekly Stoch: Weekly looks very good. Daily is overbought, but it can stay that way for a month+ Summary: Are we briefly pulling back before continuing the rally to $10,000 or was this the top of the dead cat bounce? It’s very tough to say and that is why I will continue to stay out of the market while waiting for further development. There will be strong support at $7,400 - $7,600 and $6,800. I will be very interested to see what happens after that. Do we breakthrough $8,500 with conviction or create a lower local high under a death cross ? I remain a bear as long as we are under the 200 MA and there are bearish crossovers on the longer term MA’s.
BITFINEX:BTCUSD
by Sawcruhteez
BTC DAILY UPDATE (day 147)Yesterday’s analysis /position: Remained confident in my short position due to being overbought in a bear market. The follows indicators showed overbought conditions: 8 on the daily sell setup, resistance cluster from: trendline, 128 day MA, 20 week MA, the top of the daily Bollinger Band and the MA from the weekly BB. The RSI and the Stoch are overbought. Stop loss was triggered at $7,826 when we broke horizontal and trend resistance. Patterns: Wycoff Accumulation; great post from @CarpeNoctom here and here Horizontal support and resistance: weak R: $8,376 strong R: $8,650 weak S: $8,150 strong S should be waiting at $7,600 - $7,800 BTCUSDSHORTS: Small rally of 20,000 support. Currently forming bearish doji. Funding Rates: Longs pay shorts 0.01% 12 & 26 EMA’s (calculate % difference): 12: +12.25% 26: +16.81% 50 & 128 MA’s: 50: +21.92% 128: +7.69%. Flattening out and 50 just started to angle upwards (bullish). 50 week MA is acting as resistance at $8,366 FIB’s: 0.382 = $8,448 is being tested for resistance 0.236 = $5,786 Candlestick analysis: Bearish spinning top on 4h. Ichimoku Cloud: First kumo breakout since 4/23. Just had a bullish kumo twist. Bullish TK' cross. 3d is posturing for bullish TK' cross and cloud is apart of resistance cluster. TD’ Sequential: Green 2 on the weekly setup and 10 on the countdown. Green 9 on the daily sell setup. Green 5 on the 12h. Visible Range: 1d shows largest volume profile at $7,720. 3 month shows large volume profile at $7,400 - $7,600 and $9,300. 1y shows largest volume profile from $8,225 - $8,900 BTC Price Spreadsheet: 12h: +6.31% 24h: +6.96% 1w: +21.87% 2w: +29.89% 1m: +42.66% Bollinger Bands: Hard to believe how far outside the top daily band we are. Is this because of the ETF news? 1w and 1m are looking healthy and in the upper half of the band. Trendline: Broke it yesterday Daily Trend: bullish af' Fractals: Has broken 7 up fractals on most recent move. Next one is $8,609. Down just printed at $7,176 On Balance Volume: Div’ has been resolved. Chaikin Money Flow: Div' has been resolved. Higher low and higher high. Back above 0.05. Buy/Sell Sentiment on Trading View: Oscillators = Neutral MA’s = Strong Buy Summary = Buy RSI: > 70 for the first time in 2018 Stoch: Bounced off 80 and made a bullish re cross. Summary: Resistance at $8,350 will be coming from: 0.382 FIB, Daily 9 on the sell setup, visible range volume profile (aka prior support turned into resistance) and the 50 week MA. The daily cloud has not been this bullish since the bear market began, nor has the RSI. The divergences in the OBV and CMF are no longer there which tells me that there is strength behind this move. If we can breakthrough $8,500 then I will be fully expecting a move to $10,000. However we are +42.66% in the last month and a pullback and/or days of consolidation is expected before breaking $8,500. A pullback to the 12 EMA is expected at a minimum. I will be sitting on the sidelines for the foreseeable future after getting stopped out on my short yesterday.
BITSTAMP:BTCUSD
by Sawcruhteez
Bitcoin Analysis Update: Current Conditions July 23, 2018This is a quick analysis of current conditions. The 4 hour Doji we are looking at closes in about 30 minutes of this writing. Tom Demark Sequential (T.D. Sequential) Count: 9 Notes: Imperfect close on the 8. Bollinger Bands Position: Capped Squeeze: None Guppy Multiple Moving Average (GMMA) Trend Strength: Bullish, price position in relation to Moving Averages indicates Bullish. However it is overbought on multiple time frames. Overbought/Oversold: Overbought Chaikin Money Flow (C.M.F.) Divergence: Bearish Trend: Bullish but declining on the price action move up. On Balance Volume (O.B.V.) Divergence: Bearish Stochastic (Stoch) Divergence: Too long to technically be a divergence. Capped 6% lower than prior high reversal. Relative Strength Index (R.S.I.) Divergence: Too long to technically be a divergence. Capped 20% lower than prior high reversal. Conclusion There are several Bearish divergences on some of the higher time frames, however we are seeing some signs of a bottom transpire on the daily. We are not completely there yet though. Looking for a retrace (Below) to the Tenkan-sen (Conversion Line in orange) and then a drop down to $7,276 shown in yellow below. As this happens I will be evaluating the divergences I see on higher time frames to consider if we will drop further to the Kijun-sen (Base Line in pink) or if they will fix themselves. Thank you for reading and please support by clicking like on this analysis. Like, follow, share and interact to help me stay motivated to keep these trending. Thank You!
BITSTAMP:BTCUSDShort
by Nick_Core
152
WTI Long Entry #2Position: Long - WTI:USD Leverage - 10:1 Stop Loss - $62.18 Profit targets - $80 & $90 1st Entry - $67.50 support 2nd Entry - Green 2 above a green 1 on the daily Previous analysis /position: Div' in OBV, and monthly BB/TD’ Sequential are concerning. VRVP shows very little resistance between here and $90 and there is a strong confluence of support at the current price. Patterns: Higher highs and higher lows form solid bull trend/pitchfork. Horizontal support and resistance: Weak S: $68.62 R: $69.70 Strong S: $67.35 R: $75 9 & 21 EMA’s (calculate % difference): 9 = -1.01% (currently acting as resistance) 21 = -1.61% | Recent bearish cross on daily. 50 & 200 MA’s: 50 = -0.43% (currently acting as resistance) 200 = +9.27 | Recent bearish cross on 30m and posturing for 1h. Posturing for bearish cross on 1h. Recent bullish cross on 4h. FIB’s: 0.382 = $71.71 | 0.5 = $86.03 Candlestick analysis: Daily dragonfly. Monthly dark cloud cover. Ichimoku Cloud: Cloud acting as support. Bullish TK' cross starting to diverge. 4h cloud is acting as resistance, has a bearish TK' cross and a recent bearish kumo twist. 6 hour cloud is resistance. 12h cloud is support. TD’ Sequential: Green 1 on the daily. Will add to my position if a green 2 trades above the green 1. Red 1 on the weekly. Visible Range: $69.2 - $69.3 has the largest volume profile over the past 24 hours. Ditto for the last 5 days. $67.7 is second largest. $68 has a very good volume profile over the past year, as does $66. 5 year view shows large gap between $70 and $92. Bollinger Bands: MA on weekly is apart of support cluster. Bottom band on daily is apart of the support cluster. Trendline: 6/20/17 to current Daily Trend: Bullish for 3 days. Fractals: Down printed at $67.34 - Too soon to move stop loss. Oil is too volatile and has a habit of breaking down fractals before taking off. Similar to how whales will hunt for stop losses in Bitcoin. On Balance Volume: Bull div' in daily. Bear div' in monthly is a significant reason to be concerned. Chaikin Money Flow: Double top on monthly. Huge divergence in weekly. Looks like it may have found a bottom above 0.05 with higher low. Daily looks healthy. Conclusion: I really do not like seeing divergences in buying volume/pressure. Indicates that buyers are getting exhausted and > $55 may not be sustainable. Nevertheless I remain confident in my position and will be adding upon a green 2 as planned. There is simply too much support at the current price levels and too little resistance in front of us to pass up on a large long position.
OANDA:WTICOUSDLong
by Sawcruhteez
BTC:USD DAILY UPDATE (day 144)Yesterday’s analysis /position: Was strongly expected a quick drop to $6,800 to follow a breakdown of $7,275. Patterns: Retesting triangle Horizontal support and resistance: S: $7,275 R: $7,500 BTCUSDSHORTS: Found support at 20,000 but yet to increase significantly. Lowest they have been since May. Funding Rates: longs pay 0.01% to shorts 12 & 26 EMA’s (calculate % difference): 12: +6.23% 26: +9.03% bullish cross on daily. Making bullish cross on 1h right now. 50 & 128 MA’s: 50: +10.08% 128: -2.69% Just broke through 50 ma on the 1h. FIB’s: 0.382 = $8,448 0.236 = $5,789 Candlestick analysis: Currently forming a hanging man on daily. 3d shooting star. Ichimoku Cloud: Tenkan and Kijun angling down and not longer look like they will make a bullish crossover. Top of cloud still serving as strong resistance. Completed edge to edge on 12h yesterday, wicked off the top of the cloud. Bearish TK' cross on 1h, and reentered cloud. C clamp on 4h and Tenkan serving as resistance. Bearish TK' cross on 30m, bearish cloud. Tenkan has been acting as support. TD’ Sequential: Green 1 on weekly. Green 2 on 3d. Green 6 on daily. Red 3 on 12h. Visible Range: 1y: Resistance stacked to $8,500. Gap at $4,500 that is begging to get filled. 1w: Heavy resistance from $7,375 - $7,500 very little support until $6,800 1d: A little support at $7,275 - $7,300. BTC Price Spreadsheet: 12h: +1.55% 1d: +0.55% 1w: +15.47% 2w: +10.32% 1m: +9.49% Bollinger Bands: First time we have had 2 daily candles close outside of the top band since 9/1/17 when the price proceeded to correct -38.46% in 13 days. MA on weekly band is apart of the resistance cluster. Still above MA on monthly. Trendline: Connect 9/15/17 to 6/28/18 (green dotted). That bull trend is apart of the support cluster at $5,800 with the 0.236 FIB. Daily Trend: 17 hour bull trend Fractals: UP: $7,750 DOWN: $6,069 On Balance Volume: bear div' on monthly Chaikin Money Flow: Turned prior resistance into support at 0.05. Will it make a new high above 0.15 for the first time since April? Buy/Sell Sentiment on Trading View: Oscillators: Neutral MA’s: Buy Summary: Buy (counter trade) RSI: 65.1 (should pull back) Will it cross 50 on weekly? Stoch: 84.4 (just had a sell signal on daily) Conclusion: When $7,274 was violated I expected the selling volume to come hard and fast. Instead quickly rebounded and that is a serious cause for concern. 1 hour chart has a higher low and higher high. If we break through $7,500 before creating a new low below $7,284 then I will seriously consider closing my position. The cloud has been acting as strong resistance on the daily and the 12h. The VRVP shows strong resistance at current price levels. The Bollinger Band strongly indicates that a correction is coming. The RSI is at overbought levels and the Stoch just had a sell signal. Will continue to hold onto my shorts with a stop at $7,826. However my confidence in the position is waning and I will be watching closely for reasons to exit at/around breakeven.
BITSTAMP:BTCUSDShort
by Sawcruhteez
Battling Pitchforks Put ETH in a No Trade Zone Previous analysis /position: Wasn’t feeling good about long position and moved stop loss to breakeven. Patterns: Battling pitchforks. h&s + bear flag on 1 hour Horizontal support and resistance: R: $465.32 S: $452.21 ETHUSDSHORTS: Nearing the all time lows, making a short feel very attractive 12 & 26 EMA’s (calculate % difference): 12: -1.29% 26: -2.97% and angling down 50 & 128 MA’s: 50: -8.24% 128: -16.45% and just made bearish cross on 1h. Finding resistance at the 50 day MA. FIB’s: 0.382 = $560.88 0.236 = $359 Candlestick analysis: 12h shooting star called the top Ichimoku Cloud: Back below kijun on daily. Still a c clamp. Recently fell out of bearish 12h cloud. TD’ Sequential: Combo 13 on the daily. Green 1 on the weekly Visible Range: Support cluster at $360. Showing very little resistance above. When looking at 2018 it shows $429 -$470 as largest volume and very little until $660 Bollinger Bands: Pulling back from top band on daily, just fell through MA. Just found resistance at 3d MA. Trendline: Still supporting hyperwave that connects the top of 5/3/17 to 7/4/18 Daily Trend: Bearish Fractals: 4 down fractals at/around $412. Recently broke 2 up fractals. Next one is $554. On Balance Volume: Has remained flat throughout this bear market. Buy/Sell Sentiment on Trading View: RSI: 46.97 Stoch: 52.71 Sentiment is a sell - strong sell (counter trade). Conclusion: No trade zone between $400 - $512. If it breaks above $512 then I expect it to rally to $680. Setting a stop entry at $516 would be a high probability long. If it breaks down below $400 then I would expect a move to $275 - $300. Setting a stop entry to at $394 would be a high probability short sale. I would not open a short right now due to the combo 13 on the daily chart.
BITSTAMP:ETHUSD
by Sawcruhteez
BTC:USD DAILY UPDATE (day 143)Yesterday’s analysis /position: Added to my short. Longs wicks on top of the last three candles have me feeling very confident about my position. Also selling spot this morning and afternoon. Patterns: Retesting bottom of triangle Horizontal support and resistance: weak R: $7,340 strong R: $7,500 weak S: $7,300 (do not expect it to hold for much longer). Strong S: $6,800 and $6,200 BTCUSDSHORTS: At an area of support. 1st green candle in 3 days. Funding Rates: longs pay 0.01% to shorts 12 & 26 EMA’s (calculate % difference): 12: +12.43% 26: +9.02% Just made bearish cross on 1h MA crossovers (50 & 128): 50: +9.17% 128: -3.93% 128 serving as resistance like we expected FIB’s: 0.382 = $8,476 0.236 = $5,817 Candlestick analysis: shooting star and spinning top at resistance on daily. Currently forming another shooting star. Multiple reversal dojis on 12h. Ichimoku Cloud: Daily cloud served as resistance. Posturing for bullish TK cross. Do not believe it will amount to anything. C clamp on 3d is almost fully resolved. Bearish kumo twist on weekly. TD Sequential: Green 1 following red 9 on weekly. Green 2 above a green 1 on the 3d. Green 5 on daily. Red 1 on 12h. Visible Range: Volume at $7,300 and nothing more until $6,800. Resistance stacked from here to $8,700. BTC Price Spreadsheet: 12h: -1.61% 1D: -1.34% 1W: +18.09% 2w: +9.10% 1m: +10.82% Bollinger Bands: Last two candles closed outside of top band. First time this has happened since 9/1/17 when the price proceeded to correct -38.46% in 13 days (and that was in a bull market). MA on weekly is acting as resistance Trendline: Coming from triangle. Next hyperwave will be at ~$5,000 Daily Trend: bearish Fractals: 4 UP fractals broken on this recent move. Next one is at $7,800 On Balance Volume: following price Buy/Sell Sentiment on Trading View: RSI: 64.3 Stoch: 85.9 Oscillators = sell MA’s = BUY Conclusion: I have been selling spot all morning/afternoon and still have 25% leftover. I will be selling that the moment that we breakdown $7,275 support. From there a quick drop back to $6,800 is strongly expected. There will be a bounce from $6,800. That level served as strong resistance and will now attempt to turn into support. I do not expect it to hold for more than a day or two before we go for a retest of $6,200. My target for the bottom of this bear market is $4,250 on or around 8/30. If you are short and or selling spot then any of those three areas could be your profit target. Stop loss remains $7,826 and will be adjusted as soon as/if we break down $7,275 support.
BITSTAMP:BTCUSDShort
by Sawcruhteez
BTC:USD DAILY UPDATE (day 141)Yesterday’s analysis : Longed breakout at $6,851 and closed this morning Patterns: triangle Horizontal support and resistance: R: $7,775 Weak S: $7,350 Strong S: $6,800 BTCUSDSHORTS: Peaked through bull trend that started on 3/12/18. Quickly pulled back up. Funding Rates: longs will pay 0.0193% 12 & 26 EMA’s (calculate % difference): 12: +11.95% 26: +13.48% Recent bullish cross on the daily. MA crossovers (50 & 128): Bullish 1h, 2h, 3h and 4h FIB’s: 0.382 - $8,476 0.236 - $5,817 Candlestick analysis: 4h hanging man and shooting star Ichimoku Cloud: Cloud is part of resistance on daily. C Clamp has resolved itself on the 3d. Tenkan at $8,705 on the weekly TD Sequential: Green 3 on the daily. 12 hour just hit a 9. Green 2 above a green 1 on the 3d. Price flip following red 9 on the weely. Visible Range: Resistance stacked from here to $8,500. 50 & 128 MA’s (calculate % difference): 50: +11.25% 128: Currently being tested for resistance BTC Price Spreadsheet: Bollinger Bands: Completely outside top daily band. MA on weekly part of resistance cluster. Trendline: Triangle Daily Trend: bullish since 7/14 Fractals: at $7,730 and $6,074 On Balance Volume: Has come up w price Buy/Sell Sentiment on Trading View: Stoch: 88.7 RSI: 67.8 about three fourths of the indicators are showing buy (counter trade indicator) Conclusion: Fully exited yesterday’s long and entered a short due to confluence of resistance from: triangle, 128 day MA, established horizontal resistance, daily cloud, bollinger band, 12h perfected TD Sequential sell setup. Stop loss: $7,801 Target: $6,200 Position Size: Max
BITFINEX:BTCUSDShort
by Sawcruhteez
3
BTC:USD DAILY UPDATE (day 140) Yesterday’s analysis : Rally should take us to the bottom of the triangle and the 128 day MA - around $7,600. Then pullback to $6,200. From there I expect us to find a base and rally back to $10,000. If you missed it I would highly recommend checking out the Bitcoin Bubble Comparison that was posted yesterday. Patterns: higher low/diamond bottom. Inverse h&s with $7,835 target and $6,825 neckline Horizontal support and resistance: R: $6,800 S: $6,676 BTCUSDSHORTS: Broke out of channel, but found resistance at 24,717. Hanging man on the daily. Expect 21,400 support to be retested Funding Rates: Today longs will pay shorts 0.01% 12 & 26 EMA’s (calculate % difference): 12: +3.94% 26: +3.36% | Getting ready to make bullish crossover on daily for first time since 4/19. Recent bullish cross on 12h. MA crossovers (50 and 128): Bullish on 1h. Getting ready to cross on 2h. FIB’s: 0.382 at $8,476 and 0.236 at $5,817 Candlestick analysis: Ichimoku Cloud: Kijun at $7,184. Cloud at $7,488. Fully bearish. 6h just broke out of cloud, had a bullish kumo twist, and is getting ready for a TK' cross. TD' Sequential: Green 2 above a green 1 on the daily. Green 1 after a red 9 on the weekly. Green 8 on 12h. Visible Range: Increasing resistance from here to $9,000 50 & 128 MA’s (calculate % difference): 50: Current candle is trying to breakthrough 128: -13.36% BTC Price Spreadsheet: X Bollinger Bands: Monthly MA is at $5,473 Weekly is starting to sqeeze. MA is at $7,738. Top band on daily is apart of resistance cluster at $6,800 Trendline: Bull trend start at 9/15/17 and connect with 6/30/18 (green dotted). Bear trend was recently broken. Down trend from triangle will be at ~$7,600 Daily Trend: Bullish since 6/29 Fractals: UP: $6,822 DOWN: $6,075 On Balance Volume: Coming up with the price Buy/Sell Sentiment on Trading View: RSI: 56.3 | Stoch: 70.5 | Short term MA’s showing buy signals. Conclusion: Very confident in a pump to $7,500. Green 2 trading above a green 1 on the daily is providing an entry. I have set a stop order to long as soon as the price reaches $6,851. That will allow us to break through the major resistance at $6,800 and will still get us in a position with a favorable risk reward. Stop loss would be set at $6,474
BITSTAMP:BTCUSDLong
by Sawcruhteez
3
WTI Long EntryYesterday’s analysis: Support Cluster from Ichimoku Cloud, Bollinger Band, and trendline. Visible range > monthly 9. Just noticed that a monthly 9 preceded the last bubble. Patterns: Pitchfork Horizontal support and resistance: S: $67.10 R: $69.28 12 & 26 EMA’s (calculate % difference): 12: -4.41% 26: -3.21% MA crossovers: Bearish cross on 1h preceded sell off. Recent bullish cross on the weekly. FIB’s: 0.381 at $77.28 | 0.236 at $60.72 | 0.5 at $90.67 Candlestick analysis: Waiting for consolidation Ichimoku Cloud: D: fully bullish, expecting cloud to act as support at $68 W: Tenkan at $67.68 and starting to develop a c clamp TD' Sequential: 3d has called the last two tops. Shows major support at $66.13 and resistance at $72.37. Red 8 on the daily tells me to get fully positioned before tomorrow’s close. Currently bouncing off red 9 on the 1 hour. If we break back above $69.50 then it will be time to seriously consider entering. Visible Range: Good support at this level with very little built up resistance until $90. 50 & 200 MA’s (calculate % difference): 50: -1.65% 200: +8.22% 50 just started to angle downward. 50 period MA on 3d chart has been a final line of support for the bulls. Bollinger Bands: 1W: MA at $67.55. Bottom band lines up with 50 week MA very nicely. 3D: just cross MA to the downside. 1D: Wider than we have seen it in years. Bottom band is angling sharply upward. Trendline: Bottom end up bull trend at $66.23 Daily Trend: Bearish since 7/5 Fractals: DOWN = $63.6 UP = $74.75 Volume: Lowest volume we have seen since 11/23/2017 “As for me, I have no desire to carry the football from end zone to end zone. Just give me the territory between the 20 yard lines.” @PeterBrandt Yard line of trend: Start: $42 Target: $90 Field Lenge: $52 Current Price: $68.35 Yardline: 50 Conclusion: Volume has sharply decreased since 7/12 as price has pulled back. This indicates a dwindling amount of supply at these price levels. Visible range volume profile shows very little resistance between current price levels and $90. Recent bullish cross on weekly is a very good confirmation that this trend has room to go. There will be a support cluster from $67 - $69 due to: trendline, kumo support from daily Ichimoku Cloud, Visible Range Volume Profile, prior horizontal resistance turning into support. Bottom band of the daily BB, and the MA from the weekly BB. Red 8 on the daily TD' Sequential tells me to get fully positioned before tomorrow's close. Order currently set at $67.51. If price does not get there then I will be buying the next consolidation.
OANDA:WTICOUSDLong
by Sawcruhteez
1
SPX Long EntryNow that I am not spending nearly as much time on the BTC:USD 4 hour chart DAILY UPDATE it looks like I will have more time to post analysis of the traditional markets and alt coins. All of the higher time frames are showing confluence on the S&P 500 and that should provide us with a high probability entry. Yesterday’s analysis: Pulled buy order, primarily due to daily TD Sequential and recognizing much better areas to enter. Patterns: 12h c&h. Pitchfork. Horizontal support and resistance: R: $2,803 S: $2,790 EMA’s (12 & 26): Recent bullish cross on daily. 3d: starting to diverge. Bullish 1m-1w. MA crossovers: bullish 1m-1w FIB’s: 0.786 at $2,692 and 1 at $2,883 Candlestick analysis: daily hanging man + TD 8. 3d marubozu + green 3 just took out shooting star. Weekly marubozu + green 1. Ichimoku Cloud: recent h&s looking pattern got support from 3d cloud and TK made a bullish crossover in that area. Daily has been support and has a recent bullish kumo twist. TD Sequential: 1m: Green 2 above a green 1 1w: Green 1 3d: green 3 1d: Green 8 50 & 200 MA’s (calculate % difference): 50: +1.89% 200: +3.81% Bollinger Bands: 1d and 3d are piercing through top band. 1w and 1m are nearing top band. Trendline: Pitchfork drawn Daily Trend: bullish since 7/11 Fractals: Just broke weekly up fractal. Down is $2,675. Conclusion: TD Sequential and horizontal resistance are most important indicators for me right now. Waiting for 1-4 candle correction on daily and/or green 2 on weekly to line up with green 2 on the monthly.
FOREXCOM:SPX500Long
by Sawcruhteez
ETH:USD in a similar position as Bitcoin was in early AprilETH:USD appears to be one leg behind BTC and in the process of forming it's own triangle. BTC short sellers were at an all time high on April 11 and a massive short squeeze followed (which I predicted on April 7th ) Ethereum short sellers have increased drastically over the last couple days and they are currently pulling back from all time high levels. Meanwhile the price of ETH hasn't flinched. This is a very bullish indicator for the short term price imo. Below is my full analysis: Yesterday’s analysis: Horizontal and trend support should provide bounce. Last bounce was too potent and we have fallen too far for this level of support to breakdown now. Patterns: Seems to be a leg behind the BTCUSD triangle. ETHUSDSHORTS: shot through the roof, all the way to ATH levels and the price went nowhere. Funding Rates: 0.0064% Horizontal support and resistance: S: $429 R: $445 EMA’s (12 & 26): bullish crossover on 1h, getting ready to cross on 2h. Bearish on the rest. MA crossovers: bearish FIB’s: 0.382 at $563 and 0.236 at $359 Candlestick analysis: Two bottom wicks vs tweezer top on daily. Weekly has bearish engulfing. 3d hammer Ichimoku Cloud: 3d: fully bearish with thin cloud at $732. 1d: Tenkan resistance divergence in Tenken and Kijun. TD Sequential: D: red 4 after incomplete setup. Resistance at $540. W: Red 8 3D: Red 1 after two candle correction to the upside (still has time to turn into a green 3) Visible Range: A lot of resistance from $450 - $500. If it gets through that at $660 looks likely (that is also where top of triangle would be) 50 & 200 MA’s (calculate % difference): Bollinger Bands: Bottom band on 1d and 3d are apart of current support cluster Trendline: Hyperwave line fits price movement back to $2.50 ETH. Daily Trend: Bullish over last 16 hours. Fractals: Down: $407.99 Up: $497.15 On Balance Volume: daily h&s “As for me, I have no desire to carry the football from end zone to end zone. Just give me the territory between the 20 yard lines.” @PeterLBrandt Yard line of trend: If you say $359 is the bottom then we are inside the 20 for bearish positions. If you don’t say $359 is the bottom then would have to look at $54. Conclusion: The ETHUSDSHORTS and the hyperwave line are the two most important factors for me right now. Very surprised that amount of short sellers didn’t cause the price to pullback at all. There is going to be a short squeeze. Betting against the trend and the VRVP are the two biggest reasons to hesitate. I think the support combined with how far we have fallen combined with the amount of short sellers will be enough to get us past $500 and a target of $650 seems very likely to be reached.
BITMEX:BTCUSD.PLong
by Sawcruhteez
ETH:USD Long EntryYesterday’s analysis : Viewing ETH as one leg behind BTC and expecting a bounce retest the top. Watching ETH short sellers pull back from ATH levels. Seeing support from hyperwave and higher low. Patterns: Triangle, downtrend, higher low Horizontal support and resistance: R - $455 S - $445 and $434 ETHUSDSHORTS: Broke out of continuation triangle. Now back inside of it and breaking down support. Fall to 17,8846 seems likely. EMA’s (12 & 26): bullish crossover on 1h, 2h, and 3h. 4h is crossing right now. MA crossovers: Bullish crossover on 30 minute. Bearish everywhere else. FIB’s: 0.236 at $416 and .382 at $642 Candlestick analysis: Monthly doji Ichimoku Cloud: weekly cloud is acting as support. 3d c clamp, and fullish bearish. Tenkan resistance on daily. TD Sequential: Green 2 trading above a green 1 on the daily. Red 2 on 3d after a 2 candle correction. Weekly red 8. Green 1 on the monthly if we close above $388 Visible Range: Resistance from $450 - $494. 50 & 200 MA’s (calculate % difference): 50: -12% 200: -54.22% Bollinger Bands: M: MA is at $375 W: MA is at $578 3d: MA at $522 1d: MA is currently apart of the resistance cluster at $450 Trendline: Hyperwave (green) and triangle (yellow) showing confluence Daily Trend: bullish over last 17 hours. Fractals: DOWN - $419 UP - $494 On Balance Volume: Bull div on daily. Buy/Sell Sentiment on Trading View: RSI - 44 Stoch - Crossing at 26 Conclusion: Longing at this price is attractive. Stop at $399 and target at $647 provides a 5:1 risk:reward ratio. I will be entering into this position in thirds. Green 2 above green 1 on the daily is the first indication to enter. Breaking through $455 is the second ientry and breaking the down trend line (red) will be the third and final entry. ETHUSDSHORTS pulling back from ATH levels is a great confirmation.
KRAKEN:ETHUSDLong
by Sawcruhteez
BTC:USD DAILY UPDATE (day 139)I have been spending less and less time looking at the 4 hour chart and have removed that part from the title. Moving forward the daily update will primarily focus on the 1w, 3d and daily charts. Outlook 1-4 weeks: bullish 4 weeks - 12 months: bearish > 1 year: super bullish Projected Bottom: $4,975 = 20% likelihood | $4,000 - $4,200 = 30% | $2,500 = 15% | $1,000 - $1,250 = 35% Yesterday’s analysis : Weekly 9 on the TD' Sequential and red 6 on the daily. Expecting rebound to $7,500 - $8,000. Patterns: Inverse h&s with $6,800 neckline on daily. Horizontal support and resistance: R: $6,600 - $6,800 S: $6,500 resistance becomes support? $6,200 is strong support. BTCUSDSHORTS: Broke out of bear channel and then immediately pulled back. Wick on top of the daily candle is ugly and tells me that we will likely break down 21,000 support in the next couple days. Funding Rates: Longs will receive 0.0117% EMA’s (12 & 26): Bullish 1h, 2h, 3h, 4h, 6h and currently crossing on 12h. MA crossovers (50 & 200): just made bearish crossover on 4h. 1h posturing for bullish cross. FIB’s: 0.236 at $5,817 and 0.382 at $8,476 Candlestick analysis: 4h hanging man. Ichimoku Cloud: D: Full bearish | Tenkan resistance turned to support | Kijun at $7,184 | Cloud at $7,494. 3d: Tenkan at $7,200. W: Tenkan at $8,698 TD' Sequential: D: Price flip after Red 6 major resistance at $7,700 | 3D: Price Flip after red 1 | W: Green 1 following red 9, major support at $6,069 Visible Range: Resistance stacked from $6,600 to $9,000. Large gap from $4,300 - $5,900 that I expect to get filled before bear market is over. 50 & 200 MA’s (calculate % difference): 50: -1.46% 200: -35.22% BTC Price Spreadsheet: Price is currently +3.87% over the past 30 days. First time that has been positive since 5/14. Bollinger Bands: W: MA is at $7,722 and angling down 3D: MA is at $6,885 and will be apart of resistance cluster D: MA is starting to angle upward for the first time since 4/17. Top band is at $6,837 and will be apart of resistance cluster Trendline: Recently broke down trend. Could draw bull trend by connecting 6/28 and 7/15 Daily Trend: Bullish since 7/12 Fractals: DOWN: $6.074 UP: $6,842 On Balance Volume: Supported 1,349,811 and is bouncing in line with the price Buy/Sell Sentiment on Trading View: RSI back above 50. Stoch at 43. MA’s are starting to show buy signals after showing ‘sell’ across the board. Conclusion: There will be heavy resistance at $6,800. I expect that to slow down this rally, but not for long. Still expecting $7,500 - $8,000 to be the top of this dead cat bounce. If you are not in a position then I would wait to buy the breakout of $6,850 which would confirm the inverse h&s on the daily chart. I am long ETH:USD due to a more favorable risk:reward ratio.
BITSTAMP:BTCUSDLong
by Sawcruhteez
BTC:USD 4 hour chart DAILY UPDATE (day 138)Yesterday’s analysis: Wanting a red 9 on the daily (Wednesday) in confluence with red 9 on weekly. Thought that it would pullback to $5,000 by then, is currently much more bullish than that. Patterns: Higher low on daily. Inverse h&s with neckline at $6,800. Weekly Triangle Horizontal support and resistance: R: $6,500 S: $6,200 BTCUSDSHORTS: Threatening to break out of channel after breaking through horizontal resistance. Next stop would be 28,000 Funding Rates: Shorts pay longs 0.056% EMA’s (12 & 26): Testing 12 EMA for resistance. Bullish crossover on 1h, 2h, 3h. Posturing for cross on 4h. MA crossovers: Resistance from 50 and 200 MA on 4 hour, and threatening to cross back over. Bearish cross on 3h, 2h, 1h. Posturing to cross back over on 1h. FIB’s: 0.236 at $58.17 | 0.382 at $8,475 Candlestick analysis: daily spinning top and inverted hammer, now bullish marubozu. 3d hammer shows strong supper at $6,240. Tweezer top on weekly. Ichimoku Cloud: Weekly starting to c clamp. 3d C clamp resolving itself. Tenkan support on daily. TD' Sequential: Red 5 on monthly. Close below $6,442 will give us a 9 (unperfected). Red 2 on 3d after 1-4 candle correction. Daily under $6,382 to get a red 6. Visible Range: Resistance stacked up from $6,500 - $7,200. 50 & 200 MA’s (calculate % difference): 50: -5.97% 200: -41.34% BTC Price Spreadsheet: X Bollinger Bands: M: MA waiting at $5,000 W: bouncing off bottom band, MA is at $7,945 3D: Bouncing off bottom band, MA is at $6,886 D: Currently testing MA Trendline: Could draw bull trendline from 9/14 low through 6/29 low. Downtrend from triangle will be at ~$7,500 Daily Trend: Bullish since 7/13 Fractals: UP - $6,816 DOWN - $6,095 On Balance Volume: Brokedown major at 1,255,729. Will current rebound turn that area into resistance? Buy/Sell Sentiment on Trading View: RSI - 46 Stoch - 26.3 MA’s are a sell across the board (save Hull MA) “As for me, I have no desire to carry the football from end zone to end zone. Just give me the territory between the 20 yard lines.” @PeterLBrandt Yard line of trend: Top: $19,776 Projected Bottom: $4,000 Field: $15,776 in length 87.15% of expected bear market is complete, therefore we are on the 13 yard line. Conclusion: Still keeping a close eye on the TD' Sequential. If we close a 9 on the weekly then I would expect a 1-4 candle correction to the upside. If this higher low can hold then I expect a rally to $7,500 - $8,000 over the next 1-4 weeks. Interested in building a long, but hesitant at current price levels. BTC is currently at resistance ($6,375), just closed a hanging man and is currently on a green 9 on the 4 hour chart. The 50 MA is also hovering right above the price. Not a time to buy imo'. I currently feel like ETH:USD is in a stronger position for a bounce and will be posting an update on that chart here shortly.
BITSTAMP:BTCUSD
by Sawcruhteez
1
BTC:USD 4 hour chart DAILY UPDATE (day 137)Outlook: 1-5 days: bearish 6 days - 1 month: bullish 1 month - 6 months: bearish 6+ months: super bullish Yesterday’s analysis: Waiting on the weekly 9, wondering if we will grind downward slowly, or get some capitulation Patterns: 4hchart: Rejected bear flag. Bullish A-B-C-D pattern. Inverted h & s invalidated with move below $6,260 Horizontal support and resistance: S: $6,150 (do not expect it to support another retest) R: $6,250 BTCUSDSHORTS: Supported above trendline, currently going for a retest of 23,000 resistance where horizontal and trend lines wait. If it breaks through that area then I expect the next major sell off to follow. Would recommend keeping a close eye on this chart over the next few days. Funding Rates: Shorts will pay 0.0229% EMA’s (12 & 26): 12: 2.88% above price 26: 4.57% above price. Recent bullish crossover on 1h, posturing for crossover on 2h. MA crossovers: 50: 8.66% above price 200: 45.60% above price. Bearish crossovers 15 min - 1d FIB’s: 0.236 fib is at $5,817 Candlestick analysis: 3dchart & weekly: bearish engulfing and tweezer top 4hrchart: multiple dojis as bears attempt to turn $6,250 support into resistance. Ichimoku Cloud: W: Price recently fell below green cloud. Recent bearish kumo twist. Bearish TK Cross. LS recently fell below price. 3D: Price below green cloud. Bearish kumo twist. LS below price. C Clamp is resolving itself. Daily: Price below red cloud, bearish TK cross, LS below price. Recently closed below Tenkan after it served as week support. 12hchart: recently fell out of red cloud and had a bullish TK cross - it is clearly confused. 6h: failed to stay inside cloud after getting a bullish kumo twist. Bullish TK cross, LS below. TD Sequential: Monthly: red 4 Weekly: red 9 3d: red 1 1d: red 4 (threatening price flip) Visible Range: heavy resistance at $6,500, wearing out support at $5,882 - $6,490 BTC Price Spreadsheet: 12h: +/- 0% 1d: +1.35% 1w: -5.54% 2w: -2.11% 1m: -4.86% Bollinger Bands: flattening out and tightening on daily. 3d and weekly on lower half of band. Trendline: Downtrend from triangle will be waiting at $7,500. Could drawn bull trend by using 6/29 and 7/12 on the daily chart. Daily Trend: Bearish since 7/9 Fractals: Weekly - UP: $9,945 DOWN: $5,788 Daily - UP: $6,843 DOWN: $5,788 On Balance Volume: Large bull div in weekly. 3d shows flat volume since 2/6 Buy/Sell Sentiment on Trading View: Moving averages are a strong sell. Oscillators are neutral “As for me, I have no desire to carry the football from end zone to end zone. Just give me the territory between the 20 yard lines.” @PeterLBrandt Yard line of trend: Top: $19,776 Projected Bottom: $4,000 Field: $15,776 in length 87.15% of expected bear market is complete, therefore we are on the 13 yard line. Conclusion: The TD Sequential is the most important indicator for me right now. Want a 9 on the daily to come on Wednesday the 18th and the red 9 on the weekly to close this Sunday. This is why I am bearish over the next 1-5 days. I expect the price to fall to $4,500 - $5,000 by the 18th. If all three of those boxes get checked then it will be time to build a large long position. This is why I am bullish over the next 6 days - 1 month. I do not believe this market has found a bottom and that is why I am still bearish for the next 1 month - 6 months.
BITSTAMP:BTCUSD
by Sawcruhteez