I'm sorry to admit, but this time around I got the latest market moves completely wrong. It looks like it is far more than a simple NY profit taking. We are heading to retest recent lows in many cases over-exceeding them.
BTC
https://www.mql5.com/en/charts/8088288/btcusd-h4-simplefx-ltd
BCH
https://www.mql5.com/en/charts/8088292/bchusd-h4-simplefx-ltd
ETC
https://www.mql5.com/en/charts/8088294/etcusd-h4-simplefx-ltd
ETH
https://www.mql5.com/en/charts/8088296/ethusd-h4-simplefx-ltd
LTC
https://www.mql5.com/en/charts/8088297/ltcusd-h4-simplefx-ltd
XRP
https://www.mql5.com/en/charts/8088298/xrpusd-h4-simplefx-ltd
This is just a lesson how markets do not tolerate complacency and halfway commitment...
You can not do market analysis in between cooking or what have you preparing for Xmas...
Srezz, I feel your pain. So what do you think about the lowest possible target? 8k? 7k? Bitcoin looks abnormally heavy. It feels like the lowest possible target isn't in yet.
There's a very strong support belt between $10700 and $8900 levels comprised of the Gann's Square of 9 daily cycles which I don't show in order to keep my charts not overly technical.
But anyway, we shall see at least a very strong bounce from this zone.
Merry Xmas Srezz!
I have a different opinion, dare to say! :)
The spike in the volume in btcusd during friday and especialy when it reached the low of 11k makes me belive that 11k was the bottom.
It may be too early to say this as btc may indeed drag to lower levels but what r ur views on this?
Also any more signs of uncoupling eth from btc?
Thanks big man!
Pls see my last market update.
Thank you, srezz. Let's hope that this sell-off is a great buying opportunity.
By the way, do not worry about the incorrect analysis. We all still respect you very much.
Srezz. What do you think about the Tether and Bitfinex scandal? Withdrawals are very laggy and don't work for many people nowadays. Tether audit will happen on 2 January.
Everything looks very suspicious. Can you write a post with your thoughts about the next month?
Was busy with family matters. Have to investigate.
can we see anything about monero?
thank you very much and very merry christmas!
Don't have it in my MT4 feed.
Thank you for all your public job you have done this year and wish you and your family Merry Christmas and Happy New Year!
Thank you for the early heads up , seriously you just saved my Christmas! If 10k doesnt hold , next around 8k?
Pls see my last update
TY srezz for your analysis, have a glorious Christmas good sir!
Thanks for the update srezz, and merry christmas! What do you expect ETH to go down to? I am not the best and understanding the charts without your analysis. Appreciate the help.
You see targets shown by the blue horizontal dotted lines. That's high probability levels where market is going.
dang, i thought for sure the bottom was in the other day. we'll see how this goes.
srezz, I assume that a double bottom would be best case for bitcoin, what are some scenarios for worst case, or how to determine if a bear market is forming? thanks
Pls see my last update.
One question to Steemit admin: Srezz post has more viewership and good numbers of upvote as well, but payout is comparatively minuscule. Any reason?
Thank you for caring for me.
Or maybe not, unfortunately...Do you think the market is aiming for a new high srezz? Also, do you think there will be a major correction this January similarly with the ones from the past 3 years?
Pls see my last market update.
srezz.. I always respect your view and your TA, I have this theory that I would appreciate your opinion on it
The recent surge in all alts reminded me with the market back in June, so I am comparing the current BTC market with BTC market in June. When looking at BTC market during that time (weekly bars), I see that after all time high (at that time), BTC drops and bounces from 13WMA, then gets rejected by the upper BB (20,2) then bounces again from 13WMA, then drops all the way down to 34WMA, in the current market I see that after all time high the drop went to 13WMA, I was hoping a fast recovery but the market got rejected by upper BB and I don't see that strong bull move, so testing the 13WMA within the next week is still valid, if the market didn't go up from there, do you think the 34 WMA would be the next stop? which sets around 7-8k.. or this whole theory is just overwhelmed with history nothing more?
Thanks in advance
Pls see my last market update.
Got me dying over here. Rofl
Pls c my last update.
Copy past copy past.
Ppl just don’t read, and when they do if it does not say what they want, then they will keep asking till they find someone one who agrees with them.
Happy 2018