Thread: Bitcoin technical analysis

Looks as if price is facing a lot of pressure remaining above the 200EMA. Can it break down soon?

Short term is not looking too great. Most cryptocurrencies Sold off on Sunday

Originally Posted by ;

Short term is not looking too great. Most cryptocurrencies Sold off on Sunday

Expected to return then to 8k?

Who don't understand ...
... there's a report on criptocurrencies

some other point of view ...

Bitcoin : quarterly, monthly and weekly timeframe

trend:
lt=quaterly (N),
mt=yearly (L) ... Neutral beneath 12160,20 (@close monthly bar),
bt=WEEKLY timeframe (Neutral) ... LONG over 17754$ . . .SHORT under 13105.90$ (@close weekly bar)

cycles: lt (DowN), mt (DowN), bt (DowN)


P.S.
(to download for free for a certain period of time)
https://www.cicliemeri.it/cryptoraiderreport

Finally we see some bigger movements. Can it be gonna keep on going up strong or is this just a fake breakout?

Originally Posted by ;

Finally we see some bigger movements. Is it gonna keep on going up strong or is this only a breakout?

South Korea news causing the move I think. . http://www.forexlive.com/news/!/move...korea-20180115

Originally Posted by ;

quote South Korea news causing the move I think. . Http://www.forexlive.com/news/!/move...korea-20180115

Lets see where it'll take the price to.

Edit: I personally am not buying it still.

Originally Posted by ;

I notice something anomalous ... (Equally in the Elliott count and at the trendline breaks) (But it Is my feeling ...) Abnormal because I would have Anticipated a 5th one (of 3rd composed : 12345=1st wave) ... ... faster ( ... and instead is under ma200 = h4 Interval) Abnormal because in the Rest of trendlines There's a pullback ... ... too pushed and Another break is a trendline inclined upwards (usually downwards) It Might make me think about an AbC correction (we would be Indoors b waves) However ... the 12345 count = 1st wave is also anomalous ... P.S....

Btc (h4)

... However ... the Tendency is Apparent


P.S.
(stoch 170,5,5)

I notice something anomalous ...
(both in the Elliott count and in the trendline breaks)

(But it is my feeling ...)

Abnormal because I'd have expected that a 5th one (of 3 rd composed : 123 45=1st wave) ...
... faster ( ... and instead is below ma200 = h4 timeframe)

Abnormal because in the rest of trendlines there is a pullback ...
... too pushed along with the next break is a trendline probably upwards (usually downwards)

It could make me think of an AbC correction
(we'd be interior b waves) however ...
that the 12345 count = 1st wave can also be anomalous ...


P.S.
Large boys repositioning ?

Originally Posted by ;

quote Btc (h4) ... but ... the tendency is clear P.S. (stoch 170,5,5)

U going in with a sell position already?