BlogHide Resteemssrezz (48)in cryptocurrency • 6 years agoALTs volatility implied targetsDASH EOS ETH ETC IOTA LTC NEO XRP ZECsrezz (48)in cryptocurrency • 6 years agoBCHsrezz (48)in cryptocurrency • 6 years agoIt's Time for an update.Bitcoin has completed wave "W" of "E" of IV and now we are to rise in wave "X" of "E" before final descent in wave "Y" of "E" . Usually wave "E" retraces around 70% of wave "D". So, for this count…srezz (48)in cryptocurrency • 7 years agoBTC updated EW countBitcoin has reached its probability target for wave E @ 8265 And If we look a little closer we will see that wave (IV) has almost exactly reached the lower degree wave IV in wave A of (IV)…srezz (48)in cryptocurrency • 7 years agoMarket update.In my previous post I presented 2 alternative scenarios of what the future might hold for us and to be honest I'm pleased to see the market breaking down instead of continuing upwards as in my view…srezz (48)in cryptocurrency • 7 years ago2 alternative EW counts for BTCCurrently both are equally possible For certainty we need a daily close either above $9923 or below $8943 (Bitfinex pricing) to continue to respective volatility implied targets.srezz (48)in cryptocurrency • 7 years agoA thought to shareIf one looks at Bitcoin on the 4h chart there's a clear rising wedge which combined with the PPO indicator displays a pronounced divergence between the price action and its momentum. What it…srezz (48)in cryptocurrency • 7 years agoIt's time for an updateIn my last update I implicitly issued a "buy" signal across the entire CC market and since in today's world it's a rare "buy and hold" market there's not much to say in addition except…srezz (48)in cryptocurrency • 7 years agoThe end of correctionBased on my experience I'm going to call the end of correction and in order to clearly show the double bottom reversal action across all major CCs I am going to use 4H charts. BTC…srezz (48)in cryptocurrency • 7 years agoBTC market updateAs the rest of the CC market moves in lockstep with bitcoin there's no point of looking at ALTs. The BTC daily volatility implies targets just below 34 weeks WMA (white dotted) where I'd expect BTC…srezz (48)in cryptocurrency • 7 years agoMarket UpdateLet's draw simple trendlines to try and figure out what the next market moves could be. As it can be seen from the chart below, the BTC price moves from the small and steep yellow triangle into a…srezz (48)in cryptocurrency • 7 years agoLong Time no speak ....However, the market is still within my wave count presented here 27 days ago. What has changed since then is that now it doesn't look so far fetched as it might have been when it was first made…srezz (48)in cryptocurrency • 7 years agoMy high probability EW count for BTCSince all major ALTs are positively correlated with BTC they will repeat what it does just exacerbating the amplitude of its moves. I think Bitcoin has completed wave "a" of the corrective "B"…srezz (48)in cryptocurrency • 7 years agoIs it the end of correction?It can be. But we need some technical evidence to be sure. First things first and we need to see Bitcoin recovering above 34 weeks WMA (white dotted) and at the moment we are just in the middle of…srezz (48)in cryptocurrency • 7 years agoBTC dead cat bounceoff the 0.618 level proved to be short lived and as we broke below it the next static level of strong support is @ 0.764 Fibonacci retracement ( $4772) which is very close to the 89 weeks (brown)…srezz (48)in cryptocurrency • 7 years agoThe MASSIVE Tether Ticking Time BOMBI fully agree with what's been said in this video and on my part I would like to add that, Tether is not only a way of bypassing the USA regulations, but, as a matter of fact, it is a stealth way…srezz (48)in cryptocurrency • 7 years agoMajor key support is brokenand Bitcoin has a daily close below 34 weeks WMA (white dotted) . Our next target is 0.618 retracement level of the entire move from the low on the 11th of Jan. 2015 to all time high on the 17th of…srezz (48)in cryptocurrency • 7 years agoThe Volatility dried outand it looks like before attempting to test the newly established strong resistance around 89 days WMA Bitcoin is to make another attempt to break below 34 weeks WMA (white dotted). However, the…srezz (48)in cryptocurrency • 7 years agoAn attempt to test recently established strong resistanceis going to be made before Bitcoin CBOe near month futures expiration date on the 26th of January. If we go to medieval times when BTC was priced @ $163 (11th of January 2015) and then come back…srezz (48)in cryptocurrency • 7 years agoThe key support is brokenThere's going to be a lot of disappointment for those who followed self-appointed market gurus with their "technical analysis" of the constantly appearing bullish triangles, flags and caps as well…
