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- venzen replied Feb 13, 2018
Hi to Cableguy, tostaky06 and all, Thanks for the praises tostaky06! I must admit that without a hard-and-fast method in place my trading very much resembles "Mr Bean goes to Market". Unfortunately I cannot show much technical justification in this ...
- venzen replied Jul 6, 2017
Price will definitely go up or down in the irrational bitcoin price chart, and this analysis update takes into account the current market uncertainty regarding Aug 1st. IF price crosses below the 1day 50MA (blue), there is an historic precedent for ...
- venzen replied Dec 11, 2016
I have to politely disagree with my fellow analyst andoseg2 about the outlook for the coming days and weeks. Yes, the larger trend remains up but a correction is due. Compounding RSI divergence warns of a loss of upward momentum (blue annotation). ...
- venzen replied Nov 9, 2016
Bitcoin's usual corrective pattern is an ABC as highlighted in blue in the 1day chart below. Additionally, the large correction at bottom-left and the previous correction in June/July both display this pattern (the June/July pattern is typical ...
- venzen replied Oct 21, 2016
The location of the 4hr 200MA (red) confirms a $615 target if another wave of decline forms. Anything below $615 will have to get below that 4hr 200MA and its overlap with 1day and 3day support between $600 and $610. That's tough long-term support. ...
- venzen replied Sep 5, 2016
Posting the 4hr chart that I used to open a long position at the juncture where price crossed over its 4hr 200MA while MACD advanced through its zero line. The trade plan is similar to that described by @andoseg2 in the previous post: 1) moderate ...
- venzen replied Jul 22, 2016
Large decline teetering on the edge Greetings fellow and future bitcoin traders. It's been a long time since I've seen the bitcoin price charts so bearish across timeframes. Of course, there is no other asset out there that even comes close to ...
- venzen replied May 9, 2016
Bitfinex 1hr image I recommend waiting for the market to establish price above the red resistance zone - then trade for $500 and then to $550. Below the long-term rising support (blue) short to $400 and possibly $370. I know this seems unlikely, ...
- venzen replied May 4, 2016
BTCC 1-Day Chart image Support & Resistance Bitcoin price has pushed up against a resistance level since Nov 2015. Current price action - not really visible in the attached 1-day chart - seems to be in the initial stages of a large decline to find ...
- venzen replied Apr 27, 2016
Hi androseg2. Glad to see you're still keeping the thread alive. BTCC 1-day candle chart image Magenta annotations show that the stochastics (top) are diverging from the rising price, as is RSI that is reverse diverged from the current price ...
- venzen replied Feb 16, 2016
PA in the gold chart I posted earlier in the thread: url The following chart is the same chart with the same Fib extensions and shows gold price hitting within less than a dollar of the 3.618 extension it typically targets. Of course, none of this ...
- venzen replied Feb 6, 2016
Salud Luis ! Here's one for you: Gold wave (i) - Diagonal (not leading not ending, just five abc waves) a 3.618 Fib extension (of wave 1) target at $1,182. Interesting that the 2.618 Fib extension of the first wave intersects the point where gold ...
- venzen replied Feb 5, 2016
Another Fib extension added to the previous gold chart. The 1.618 extension confirms the breach level, and the 2.618 extension level seems right: $1,204 image
- venzen replied Feb 5, 2016
Scott! The one and only! Good to hear from you and I should say: "I've been better", but due to the state of things and the stage of global economic devolvement, I'm doing well by comparison! A lot of shorting these days, but my temperament ...
- venzen replied Feb 5, 2016
One way of looking at it is that a market chart is a graph of buying and selling behavior and an expression of the collective behavior of everyone participating in the market. Behavior originates from psychology, and the human being, with its ...
- venzen replied Jan 20, 2016
BTCC 1-day chart: The last price low made strong RSI reverse divergence to the late-Nov base of advance, forcing a reversal to the upside. The stochastics are turning up (magenta circle) and price is back above the 1day 20MA (green). However, there ...
- venzen replied Dec 24, 2015
The Rally Before Christmas BTCC 1-Hour image Price has launched higher following a typical Bitcoin base forming pattern. If PA can establish above the 200MA (red) then the next evident target is the resistance ceiling where year-end profit taking ...
- venzen replied Nov 25, 2015
Thanks for the running analysis, andoseg2 ! I didn't notice your previous posts until I logged in today to post the following: Heading Up OKCoin 3Mth Futures 4-Hour Chart image Bitcoin price pushed above the upper boundary of the consolidation ...
- venzen replied Nov 8, 2015
Following the last update, Bitcoin price found support at its 4hr 200MA and slowly accelerated into a parabolic advance that topped near $600 during the first week of November. Comparing the different exchanges, it is clear that the China-based ...
- venzen replied Oct 12, 2015
The lower wedge trendline has subsequently been breached, so decline to one of those targets near $240 or $220 could be on the cards. That $220 level is a support floor that has been established during 2015, so it should hold. Yet, there is the ...