Topic: Rally Analysis (Read 6141 times)
Great raise in volume lately. So it is going up strong again? I hope yes as I got caught with some higher buying
one last post from me before I will take a little break from posting so much. Actually spend to much time with this stuff...
But for the big picture over the next weeks and maybe months keep these retracements levels in mind (silkroad event to ath on chinese exchanges), it may be helpful. I did best with using the huobi chart because lines usually fit perfect.
But for the big picture over the next weeks and maybe months keep these retracements levels in mind (silkroad event to ath on chinese exchanges), it may be helpful. I did best with using the huobi chart because lines usually fit perfect.
this was a sick move
after the spikes it often goes sideways or slowly down til price hit the ma10. could happen here again.
when falling below ma10, keeping an eye on ema50 and ma50 for possible rebound trade. But as long as we are above ma10 everthing is fine.
/edit
could be a possible channel on 4hour
Watching, if you don't mind.
welcome
waiting for the 4h stochrsi to cross (on chinese exchanges). When crossing looking for a matching support and trend line.
I guess we will have to test the new trendline to confirm it. With the last wave momentum increased, so if we dont test the new trendline we will have another momentum increase and that would be insane, daily is not ready for a move up higher than 2900cny.
so still looking for consolidation over the next hours.
/edit possible long term patterns
giant triangle vs consolidation triangle vs channel vs increased momentum within channel
Watching, if you don't mind.
Fibonacci levels show a channel from $350 to $390 with strong overhead resistance at $430 on Bitstamp:
Strong resistance at $430? OK, I want to see if we bust through that in the next day or so. OP, you sound sincere but technical analysis is all palm-reading and voodoo. There's no techie that can tell me how far into the future he can see, and if you look at the list of the richest people in the world...none of them are quants.I dont know yet. At least I am not confident enough to post any prediction in public.
But 4h looks like limited upside so I guess another spike up would not be sustainable.
About TA, some indicators work good for bitcoin. But nobody can predict what exactly will happen, like yesterday when the volume disappeared on huobi and okcoin at the same time. Also news can pop up unexepected... but ta can help you to find an entry point for trading, increasing your odds to be on the right side before the next move.
Fibonacci levels show a channel from $350 to $390 with strong overhead resistance at $430 on Bitstamp:
Strong resistance at $430? OK, I want to see if we bust through that in the next day or so. OP, you sound sincere but technical analysis is all palm-reading and voodoo. There's no techie that can tell me how far into the future he can see, and if you look at the list of the richest people in the world...none of them are quants. it seems like we are back in rally mode, daily sma30 switched to increasing. correction could not bring us below sma10.
new weekly candle starts very healthy. 4hour candles with upside potential, old 385 target looks like support now.
420 is my new target within this weeks or already within next days.
/e
should breaking out up here
new weekly candle starts very healthy. 4hour candles with upside potential, old 385 target looks like support now.
420 is my new target within this weeks or already within next days.
/e
should breaking out up here
420 target reached. but the triangle was very scary, bears nearly got me selling.
careful now, dont get trapped by fomo.
How is gold moving?
perhaps a gold chart in BTC prices?
thanx
perhaps a gold chart in BTC prices?
thanx
posted this chart a while ago but on other forum. log chart gold btc formed a triangle with a bullish break out for btc. but pretty similar as btc/fiat
To follow the gold btc ratio I finally found a site I can suggest: http://www.teletrader.com/gold-bitcoin/currencies/chart/tts-78355171?ts=1448528280668
Watching
How is gold moving?
perhaps a gold chart in BTC prices?
thanx
perhaps a gold chart in BTC prices?
thanx
it seems like we are back in rally mode, daily sma30 switched to increasing. correction could not bring us below sma10.
new weekly candle starts very healthy. 4hour candles with upside potential, old 385 target looks like support now.
420 is my new target within this weeks or already within next days.
/e
should breaking out up here
new weekly candle starts very healthy. 4hour candles with upside potential, old 385 target looks like support now.
420 is my new target within this weeks or already within next days.
/e
should breaking out up here
this has gone up quicker as expected.
okcoin has formed a channel up on the 4h
okcoin has formed a channel up on the 4h
chart looks pretty similar like during the last scaling workshop and would also fit in the triangle.
anyway most important will be the result of the workshop: how bitcoin can scale for mass adoption? What is the best solution?
anyway most important will be the result of the workshop: how bitcoin can scale for mass adoption? What is the best solution?
another test of 50ma possible, if it didnt hold, resistance is most likely found at 2000cny and 1800cny
outbreak of upper line (2500 cny) could target 4000cny
yellow line = 50ma
outbreak of upper line (2500 cny) could target 4000cny
yellow line = 50ma
385 target reached but the new weekly candle looks like limited upside or rollercoaster when above 385
while orderbooks on western exchanges start to look less bullish, btcchina bidsum is growing...
the premium between china and us is 10$, chinese fear another devaluation of cny?
while orderbooks on western exchanges start to look less bullish, btcchina bidsum is growing...
the premium between china and us is 10$, chinese fear another devaluation of cny?
small update about recent movement from china.
moving averages are my favorite indicators right now:
after 10ma crossed we have gone down as expected. 50ma has been the support during the correction.
after the cross of 200ma and 365ma the buying started pushing the daily candle above the 10ma which has been a buy signal before and leaded to more buying.
yesterday's candle was way above the bollinger bands on the 4 hour chart which was not sustainable and the correction was inevitable.
from yesterday:
moving averages are my favorite indicators right now:
after 10ma crossed we have gone down as expected. 50ma has been the support during the correction.
after the cross of 200ma and 365ma the buying started pushing the daily candle above the 10ma which has been a buy signal before and leaded to more buying.
yesterday's candle was way above the bollinger bands on the 4 hour chart which was not sustainable and the correction was inevitable.
from yesterday:
Hi Koryu
You are welcome to drop some of your charts and analysis/expectations on https://bitcointalk.org/index.php?topic=1161207.new#new whenever
Hey,
thx I will do :-) already did a few times
hey koryu, at least now we know on thing: if China moves BTC shakes for the good or the bad. I don't clearly see if we're on another big pump again but that was big spike yesterday.
yep China is a big player, but there are also many foreigners on chinese exchanges who want to trade without fees.
I think that this time the move started from china because the 200ma crossed the 365ma on chinese exchanges first, on bitstamp it will cross tomorrow.
for short term predictions I am watching fibu levels, next resistance should be around 385$, also watching the 4hour bollinger bands to see when its overbought. no long term predictions from my side here.
just hold or trade some waves when its overbought
hey koryu, at least now we know on thing: if China moves BTC shakes for the good or the bad. I don't clearly see if we're on another big pump again but that was big spike yesterday.
small update about recent movement from china.
moving averages are my favorite indicators right now:
after 10ma crossed we have gone down as expected. 50ma has been the support during the correction.
after the cross of 200ma and 365ma the buying started pushing the daily candle above the 10ma which has been a buy signal before and leaded to more buying.
yesterday's candle was way above the bollinger bands on the 4 hour chart which was not sustainable and the correction was inevitable.
from yesterday:
moving averages are my favorite indicators right now:
after 10ma crossed we have gone down as expected. 50ma has been the support during the correction.
after the cross of 200ma and 365ma the buying started pushing the daily candle above the 10ma which has been a buy signal before and leaded to more buying.
yesterday's candle was way above the bollinger bands on the 4 hour chart which was not sustainable and the correction was inevitable.
from yesterday:
Hi Koryu
You are welcome to drop some of your charts and analysis/expectations on https://bitcointalk.org/index.php?topic=1161207.new#new whenever
small update about recent movement from china.
moving averages are my favorite indicators right now:
after 10ma crossed we have gone down as expected. 50ma has been the support during the correction.
after the cross of 200ma and 365ma the buying started pushing the daily candle above the 10ma which has been a buy signal before and leaded to more buying.
yesterday's candle was way above the bollinger bands on the 4 hour chart which was not sustainable and the correction was inevitable.
from yesterday:
moving averages are my favorite indicators right now:
after 10ma crossed we have gone down as expected. 50ma has been the support during the correction.
after the cross of 200ma and 365ma the buying started pushing the daily candle above the 10ma which has been a buy signal before and leaded to more buying.
yesterday's candle was way above the bollinger bands on the 4 hour chart which was not sustainable and the correction was inevitable.
from yesterday:
Jump to: