CryptoGearBox

CryptoGearBox Updated  Jan 29, 2018

On the 4 hour charts, BTC has finally broken the shorter term downtrend! If it doesn't fall through the $11k support, we will be headed towards $14k and push at the longer term downtrend. On the TD Sequential count, we should have 2 more bars on the 4 hour chart to move up wards, then it should fall towards the $11k resistance. As you guys may or may not know...

CryptoGearBox Jan 25, 2018

This is the 4 hour chart and the bulls look exhausted on this push. The TD Sequential count is at 9, which is a strong indication that a new one will emerge! Given the decreasing volume and Stoch RSI it is much more likely a reversing TD count is in play as opposed to a new bullish count. Trade carefully!

CryptoGearBox Jan 23, 2018

On the daily charts, the bear channel is still very much intact. The volumes have been shrinking but kept alive by the $700 million USDT issuance in the last 8 days with another $100 million USDT issued just 10 hours before this post. Also, the next future expiration is this coming Friday Jan 26th.

CryptoGearBox Dec 27, 2017

Volumes are still thin after the holidays and we have a right shoulder forming with a rising wedge. I suggest not trading until there's clear indication which direction it's going. My bet is down to the neckline.

CryptoGearBox Updated  Dec 24, 2017

The last couple days have been very low volumes due to holidays. Last night we thought it found bottom with the long string below the candle but it is clear now that it was a bull trap. We can see a clear head and shoulder now. Careful trading everyone! If anything just HODL and trust the king of crypto! Happy holidays everyone!