Predictive Analysis & Forecasting | #BTCUSD #Bitcoin
Predictive Analysis & Forecasting | #BTCUSD #Bitstamp
Friends,
I caved in. Bulls rammed my tree houses and bears climbed up to my doorstep expertly convincing me that one exchange was far better than the other one. I put down my honeybee outfit, sat at my Apple McIntosh 134-K colored screen and ceded to the overwhelming arguments that Bitstamp exchange is far, far superior to BTC-e and GOX - Thing is, I agreed to the same compelling argument I had to listen to from the GOX folks and the BTC-e folks, because quite frankly, we are in the business of studying the trade winds that prevail over all three exchanges. If there is another exchange being created to transact bitcoins, please do let me know with support and evidence from NASA's best telescope, and we'll produce another one for you as well, with all the superlative compliments.
PATTERN TRADER:
The pattern trader might enjoy a few tricks of the trade here by deciphering a Shark under development. Sharks are quasi-patterns, in the sense that Scott Carney defined his creation as starting at Point Zero, moving on to Points X, A, B and C ... point C completing the pattern. This is so, because the Shark, being the quasi-pattern that it is, is in fact the "Door-Keeper" to yet another pattern, called the 5-0 Pattern, another discovery of Scott Carney.
(HINT: "Five-O" = 5-0 = 50% ... That is the decline that ensues at completion of the Shark pattern. Again: hint, wink, rib jab)
STRUCTURE TRADER:
Major advances have occurred in the chart, and while the dominant directional bias has been bearish, price has resisted excessive declines. The price in the charts are left for reference so that the structural trader sees what we see in terms of probable support. A break of 765 should ask concern bulls, whereas a break of 725 should promp bears to come out of their cave, so to speak.
PREDICTIVE ANALYSIS:
Using our own cranking machine, we are perceiving a short-term bullish reversal confirmation at play, with a soft overhead resistance at 816.25, and a probable slight pull back at 827.53. This is a speculative scenario that our system is putting out when interrogated about the seemingly thick mud in which bitcoin seems to dwell.
OVERALL:
The chart has turned from bearish to neutral-to-bullish, understanding that very weak declines have failed to bring bears into dominance at this point. Instead, a protracted trench war has settled over the entire timeframe, and we are expecting a few commando moves to reveal the next directional move.
Cheers,
David Alcindor | 4xQuad.com
Predictive Analysis & Forecasting
Denver, Colorado USA
---------------------------------
Want more forecasts and cool charts? Join us on TradingView.com: 4xForecaster
Want signals? Follow us on Twitter: 4xForecaster
Our Dead-On Hits Archive: bit.ly/16JMnH8
Like Us! on Facebook: 4xQuad.com
See our recent successful forecasts:
1 - #USDollar: on.fb.me/19Pf77y
2 - #AUDUSD: on.fb.me/1kDHbdB
3 - #NGAS: on.fb.me/1aSMYHV
--------------------------------- Disclaimer: All of our analyses are for educational purpose only. The forecasts, analysis and opinions generated herein are not trading recommendations. Want to trade? Then, do your own due diligence first, seek professional advice from Bob Lobb Law and enter the market at your own perils - 4xQuad, LLC.
Friends,
I caved in. Bulls rammed my tree houses and bears climbed up to my doorstep expertly convincing me that one exchange was far better than the other one. I put down my honeybee outfit, sat at my Apple McIntosh 134-K colored screen and ceded to the overwhelming arguments that Bitstamp exchange is far, far superior to BTC-e and GOX - Thing is, I agreed to the same compelling argument I had to listen to from the GOX folks and the BTC-e folks, because quite frankly, we are in the business of studying the trade winds that prevail over all three exchanges. If there is another exchange being created to transact bitcoins, please do let me know with support and evidence from NASA's best telescope, and we'll produce another one for you as well, with all the superlative compliments.
PATTERN TRADER:
The pattern trader might enjoy a few tricks of the trade here by deciphering a Shark under development. Sharks are quasi-patterns, in the sense that Scott Carney defined his creation as starting at Point Zero, moving on to Points X, A, B and C ... point C completing the pattern. This is so, because the Shark, being the quasi-pattern that it is, is in fact the "Door-Keeper" to yet another pattern, called the 5-0 Pattern, another discovery of Scott Carney.
(HINT: "Five-O" = 5-0 = 50% ... That is the decline that ensues at completion of the Shark pattern. Again: hint, wink, rib jab)
STRUCTURE TRADER:
Major advances have occurred in the chart, and while the dominant directional bias has been bearish, price has resisted excessive declines. The price in the charts are left for reference so that the structural trader sees what we see in terms of probable support. A break of 765 should ask concern bulls, whereas a break of 725 should promp bears to come out of their cave, so to speak.
PREDICTIVE ANALYSIS:
Using our own cranking machine, we are perceiving a short-term bullish reversal confirmation at play, with a soft overhead resistance at 816.25, and a probable slight pull back at 827.53. This is a speculative scenario that our system is putting out when interrogated about the seemingly thick mud in which bitcoin seems to dwell.
OVERALL:
The chart has turned from bearish to neutral-to-bullish, understanding that very weak declines have failed to bring bears into dominance at this point. Instead, a protracted trench war has settled over the entire timeframe, and we are expecting a few commando moves to reveal the next directional move.
Cheers,
David Alcindor | 4xQuad.com
Predictive Analysis & Forecasting
Denver, Colorado USA
---------------------------------
Want more forecasts and cool charts? Join us on TradingView.com: 4xForecaster
Want signals? Follow us on Twitter: 4xForecaster
Our Dead-On Hits Archive: bit.ly/16JMnH8
Like Us! on Facebook: 4xQuad.com
See our recent successful forecasts:
1 - #USDollar: on.fb.me/19Pf77y
2 - #AUDUSD: on.fb.me/1kDHbdB
3 - #NGAS: on.fb.me/1aSMYHV
--------------------------------- Disclaimer: All of our analyses are for educational purpose only. The forecasts, analysis and opinions generated herein are not trading recommendations. Want to trade? Then, do your own due diligence first, seek professional advice from Bob Lobb Law and enter the market at your own perils - 4xQuad, LLC.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.