The latest tweets from @btc_joe. Nov 27, · Bitcoin (BTC) price failed to blast through the $20, level this week but multiple records related to volume and open interest were made on the way up to $19, One notable achievement . The sentiment on alt coins is almost as bad (possibly worse) than bitcoin at $6k, $3k. It's time for a new market cycle. I have been short term bearish on bitcoin since we interim topped at 14k, as i've .
Tradingview btc_joeGold Sinks as Bitcoin Price Nears Record High - The Rabbit Hole
However, after a bearish September, news of major institutional investors catapulted Bitcoin to new highs. Around the time of these three events, the bullish channel became much steeper—almost resembling —resulting in Bitcoin becoming heavily overbought.
If Bitcoin remains in this new channel, it could reach a new all-time-high before ends. And as institutional investment increases, many see this as a critical factor in differentiating from Bitcoin is no longer a novelty created by a group of geeks. Instead, it is now seen as a legitimate asset making its way into the financial marketplace.
Source link. Cryptoquant noticed that the Bitcoin on the Kucoin exchange left quite quickly and then went to zero. Last week, […]. Skip to content. The price of gold since June Bitcoin wants to moon again Bitcoin traders seem to have had enough of the crash and want to relive the past glories of Comment: At resistance now Could just blow through and explode, or could get a bit more sideways first.
But Starting to look like the recent low will hold Comment: Looks like we're ready for take off. Comment: BW joins the party! Comment: Looks like we're getting ready for liftoff:. Comment: Looks like the triangle is about to break:.
Comment: Target mentioned earlier was hit:. Great trade. Can always sell again later. Comment: From now on I will only update this idea realizing there were some updates on my other published idea that I forgot to add here. Top are now officially signaling Comment: If we break the flatter channel we may just shoot right back into the parabolic channel:.
Comment: Quick trade, first target. Comment: Well, orders at. I did think we would head lower, but this recent price action looks promising. Comment: hodling tight for now Comment: That may have been just a nice shake out of weak hands. Bull pennant forming:. Comment: Some nice bull divs here on the 4h Trade active: broke the pennants, looks like the daily channel on RSI will not hold:.
Comment: As I was informed on twitter, it appears my update from this morning was accidentally put in the comments as opposed to a direct update to this chart. Comment: Stubborn chikun don't wanna drop! Comment: Kissed the apex:.
Comment: Was that move up just a bull trap? Still bearish and sticking with my trade for now expecting a drop to. Comment: Finally broke down Comment: Something important to be aware of. Comment: Welp, price going against me for now thats for sure, but sticking with this for now.
Something doesn't feel right with bitcoin about to go insanely parabolic, but absolutely could be wrong, and watching eagerly. Just would like to see a bit more before changing my mind, would rather take a bigger loss on the trade and be correct about the market, would be glad to take that loss if ltc is truly about to go nuts as well, which could very well be the case.
Of course if we got some new coinbase or other that would do it for me also. Gluck, do you. Comment: Or will it join the party? That's what i'm watching. Comment: In case you hadn't heard Coinbase adds support for Litecoin To the moon. Comment: Such mewn much wow. Comment: Litecoin has been on an absolute tear these last two months. I am a huge believer in this coin and believe it has a truly bright future ahead, but looking at the short term, it is time to start thinking about where to take some profits on this trade.
Personally, since I am a huge believer,I have a certain amount of ltc which I will keep for the long term, but I also have had a very big position in this coin and have always intended on taking some profits in bitcoin off the table.
This way, I lock in huge gains in terms of how much bitcoin I have gained for the risk I put in, and then I can win no matter what as I still will have a good amount of skin in the game as well. If you take a look at the original chart and press play, you will see 3 main targets, yellow orange and red, they are still good targets.
I think yellow is very likely, and there is a good amount of resistance there. Will we blast straight through and hit orange and eventually red as the fractal shows? We certainly could, but it would also not be out of the question that we get to yellow, and sellers step in and we eventually get shut down by the descending trendline drawn from the last two major highs.
Trade active: some cool down before the end of the week? Quick trade, first target low. Comment: Closed on the channel break for a small loss, no biggie. Trade active:. Well see. Comment: Possible elliot wave count to keep an eye on wave 3 of 5 may or may not be complete yet :.
Comment: Hit the descending trendline on the weekly, careful here. Comment: Nailed it:. Comment: Segwit activates in a mere hours Good luck. So the way I see it, as long as we don't fall out of the steeper channel for too long, and really, the 2. Comment: As I mentioned in the last chart update, it looked like we would fall out of the channel but that as long as the 2.
And now here we are, the price bounced very nicely off the 2. Comment: Forgot to add the chart:. Comment: Well there goes the inverse head and shoulders pattern :. Comment: Litecoin looks to be in a similar position to bitcoin here. There is potentially some nice hidden bullish divergence, but it has to get going back up and fast more so than bitcoin.
It is a long way from the channel now, it could shoot right back up into it of course, but it needs to get going, otherwise there is room to continue on down for a big drop. Trade active: This is going down it looks like, targets:. Doesn't look pretty. Comment: New chart, could be wrong but to me this looks like we need some real cool down before we can go higher, what I was expecting by now never came, so changed my mind:. Comment: If you followed the above published chart and updates, you did well.
I had buy orders from. As i indicated in the last update in the above chart , there were great prospects for a reversal when we hit.
Comment: Just adding this new published chart "Litecoin the chikun dance". Chikun dance time? The return of the chikun Litecoin Round 2? Some would argue there's too much noise in some of your charts but I LOVE the way you integrate news and more than 2 arguments for every shift. Really really nice. Oh, hope my LTC tip on Twitter gave you a heads-up btw ;.
Charts are supposed to be for an audience and I use them mostly for myself and just figure why not share with others, so sometimes there will be things not full explained, etc.