Crypto Short

A better updated chart with SMA curves since the chart below can be confusing as it uses MAC Channel. DASH's DEATH CROSS has already happened and is eyeing the potential demand zone around $200 for investments......nnnhttps://invst.ly/70yox...For the time being it looks like an asset which isn't easy to trade. If it doesn't hold above this support (dashed red line), it is very likely to test the underlying one where potential demand may bring it back to golden cross .   I don't anticipate this to recover soon but given crypto-world, it may show some signs recovery later this year since much is dependent on BTC and the money circulates through trading. https://invst.ly/70yox

https://invst.ly/6-gn0 In this chart you can clearly see how the time & price are related when the fall happens in early Gann angles (1/8 to 1/2) & then the price pulls back as a bear flag & then takes time until it reaches the Gann 1/1 (45deg angle). That severs as a resistance and the price moves along this line until it completes the correction cycle i.e. ABC. Then the price breaks out and results in a swing i.e. bull run since it is over 45 degrees & chances are greater that BTC will either move sideways or do a bull run. Based on this, I decided to go long.

Bitcoin market has a huge confusion in defining the market trend. Every dip puts people think that we are going down to zero and every rise makes them think that we are going to touch a new ATH. A part from the underlying value, news and sentiments, we need to dig deeper into the historical data to stress on present and future. Here are some numbers that will be validated in near future, or at least in this summer to see the market orientation. I hope this will set a new way of thinking and addressing the problems to non-technical people, investors and readers. Figure: Elliott waves are subjective lines that vary from person to person and notions/wave counting is also a trivial solution. The intention of this illustration is to show case the scenarios and possibilities together in one sketch that have been around & a clear discrimination is felt. Here are two schools: A downtrend since Dec 17, 2017  is continuing till today & all pullbacks that we have se...

Bitcoin lost its breath and while approaching the predicted swing level (Fib Time Extension #13 on an hourly chart), its price stages at exactly Fib 0.5 level confirming the symmetric triangle! To illustrate better, a special fib retracement has been inserted right at the end of the triangle. The symmetric triangle has been 60% exhausted (see the vertical bars above the triangle), plus nearing the vertical line i.e. Fib Time Zone (13) prediction for a possible breakout. Following couple of hours results in this chart! https://invst.ly/6x5jn

Respecting the earlier formed primary channel, bitcoin refrains from breaching the key support level around 8200 i.e. Nov 20-23, 2017. In fact, the same level is now a Fibonacci level (0.382). This bullish looking swing was predicted around March 9 through Fibonacci Time Zone Extension and it worked as a first bottom above the key support. This bullish move sets another tone by breaching through the earlier lower high i.e. 9506. Whether bitcoin is heading towards 11700 or not, I am already long. Will take profits throughout this journey just to lock them! Bitcoin: Continues the Primary February Channel by cryptoshort on TradingView.com Follow Trading View Chart Update: March 12, 2018(10:10 UTC)  The engulfing bullish reversal & breakouts continues after forming a descending broadening wedge, which is typically a bullish reversal sign. Thus, my longs remain open & will progressively take-profits at subsequent resistance levels.  ...

Here are some screenshots for timing a bitcoin event: I used Fibonacci Time Zone to predict a price swing. As the time stretches, the prediction may go less certain since news, trends, and market holds change, a point where you throw away the old trend curve and place a new one as per new set trend. Note:  Fibonacci time prediction is only used to locate a time with +/- relative error for a price swing. It doesn't tell what type of swing do you expect. That should be done by balancing  this observation with other technical parameters. Proven Bitcoin Major Trend Reversal (1D) Here are my predictions for timing BTC swings. The image below is a capture of March 7 event where a major price swing may happen. See the subsequent chart for confirmation & what happens next. Tip: To look at these charts, follow the vertical blue lines, which point a major price swing around (+/-1 day). As the time progresses, the error increases. Minor Trend Reversal ...