Acemoisan

Acemoisan Updated 

$BTC Forming a nice wedge. The very strong support at 10k makes me believe that this is the reversal. Refer to my previous charts. But where will it go? I see a big reversal in play, breaking underneath the 200 MA and entering a bear market. Ive marked off the S/R lines where I think will be most prominent. The GREY lines are previous S/R and the labelled trend...

Acemoisan Updated 

Bitcoin has reversed. I have plotted important S/R lines which i think will have some action. I have been in a short, and i will be taking profits at these support lines. The GREEN LINES I have marked off are the 38% and 50% Fibonacci retracement zones. which have also been very strong S/R. I will be watching for a reversal around these areas but im expecting some...

Acemoisan

$BTC Is currently testing some very long term resistance at the top of the triangle trend line, along with $ETH. This trend line has shown as some pretty serious resistance in the past. I am not saying that it will not break upwards through the trend line, but it is pretty unlikely right now. I will still be posting stop losses and possible buy ins, if $BTC does...

Acemoisan Updated 

$XRP has been in a channel for months now. But it has recently been in a nasty bear trend under the 200MA. If it is able to break above this MA it is bound to hit the top of the channel once again at about $0.28. I will not be getting into any position yet. I will be watching 4hr for pattern formations, and i will be looking for a good entry, hopefully into a...

Acemoisan Updated 

Will be taking profit (closing long) at the resistance line. Expecting dip back down to triangle after this. Where I will be picking up more. Ive been watching the 50-200 MA very closely on $ETH and $BTC and the "Death Cross" has been denied which is a very bullish sign, for now. $ETH has broken out of the symmetrical triangle but not quite finished its impulse...

Acemoisan Updated 

As of right now $BTC is still in the triangle formation while $ETH has broken upward. This is a symmetricall triangle so im expecting a breakout in the upward direction, in the same way the trend was moving. Ive been watching the 50MA and 200MA very closely especially on the 4hr and 1D, and the Bearish Cross has been denied thus far. This is a great bullish sign...

Acemoisan Updated 

BTC looking bullish for this trade. Just retested support for the flag that has been forming for days. Support of a pattern is always a decent spot for long positions, going to watch close just incase it breaks downward now.

Acemoisan

Hey figured I would post this trade. I've been watching $BTC and $ETH and both have been forming a nice symmetrical triangle for days now. Symmetrical triangles are known for being continuous patterns therefore breaks out in the direction the trend was moving. It confirmed that in this case and it broke upward. Im expecting $240 - $250 range to lock in profits....

Acemoisan Updated 

Expecting $BTC to retrace to the previous trendline/Golden Pocket at $75xx BTC Has been under HUGE resistance with this trendline, forming lower lows and lower highs. There was a little rally and an attempt to break the 200 MA but it tested and failed. With that rally we had im expecting some retracement and im thinking its going right back down to the trendline...

Acemoisan Updated 

Not much to say about this trade going to be watching close and going to lock in profits in my short around 7950 range. The 61.8% (Golden Pocket) dont see it falling much further than this.

Acemoisan

$NEO seems to have another 10% or so to finish on this cup and handle formation before the target! Gonna be watching closely Im Looking at the $13.10-50 Range to take profits.

Acemoisan

The 50 MA is being touched a lot on the 1hr TF making me think its going to break downward. Same divergence spotted in last post, continuing the lower lows on the oscillators and higher highs for price.

Acemoisan

Big Divergence forming between the price candles and the MACD, some relief is obviously to be expected after that huge rally, I have my first alert at 23% fib and my second lower alert at the 50% Fib mark. I assume those will be decent buy zones and ill be watching closely.

Acemoisan

BTC forming a flag after that big drop. Usually this is a continuation so I assume it should break downward of the flag down to high 6000, potentially further to low 6k. If it doesnt break downwards right away it might break upwards and hit the support of the triangle again. To 9k.

Acemoisan

This seems like a very strong support I will be surprised if it falls any further beyond the 62% Fib range. Will be watching close I'm expecting upward momentum now. BTC Weekly has found beautiful support right along the 50 MA which happens to be the "Golden Pocket" Fib range right along 62%. This seems like a beautiful sport to finish off the 2nd wave and start...

Acemoisan

Nice Triangle forming. These are the price points I believe itll hit depending on which way it breaks out of this triangle. Regardless profits are able to be made off of whichever way it breaks out.

Acemoisan Updated 

I'm expecting another break downwards out of this triangle because after a big impulse break like we had we can expect most any triangle to be a continuation and not reversal. I'm expecting 7k. After that solid break we can expect it to fall further mostly because it needs to fill the gaps and hit further supports. And because it needs to complete the elliot...

Acemoisan Updated 

Considering this is a triangle and most of the time triangles are continuation I can see why people think it's going to break up. But after a big rally that we had to get us to 10k we need some relief. You can see that tension is building with the converging of the MA's and the increased pressure with Volume. I believe it's going to breakout downwards. Because...