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48
srezz
srezz
Currency Trader
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https://steemit.com/@srezz
June 18, 2017
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srezz
cryptocurrency
6y
ALTs volatility implied targets
DASH EOS ETH ETC IOTA LTC NEO XRP ZEC
$ 0.188
26
20
1
srezz
cryptocurrency
6y
BCH
$ 0.062
17
1
srezz
cryptocurrency
6y
It'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
$ 0.236
28
12
1
srezz
cryptocurrency
6y
BTC updated EW count
Bitcoin 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) (one of the
$ 0.416
31
12
1
srezz
cryptocurrency
6y
Market 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 such
$ 0.366
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2
srezz
cryptocurrency
6y
2 alternative EW counts for BTC
Currently 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.
$ 0.362
30
10
1
srezz
cryptocurrency
7y
A thought to share
If 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 simply means
$ 0.456
34
25
1
srezz
cryptocurrency
7y
It's time for an update
In 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
$ 1.055
38
16
2
srezz
cryptocurrency
7y
The end of correction
Based 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 BCH DASH ETC ETH LTC
$ 0.451
41
21
2
srezz
cryptocurrency
7y
BTC market update
As 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 to
$ 0.060
31
17
srezz
cryptocurrency
7y
Market Update
Let'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 much
$ 0.110
33
13
srezz
cryptocurrency
7y
Long 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 publicly
$ 0.243
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srezz
cryptocurrency
7y
My high probability EW count for BTC
Since 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
$ 0.436
40
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srezz
cryptocurrency
7y
Is 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 such
$ 0.594
41
11
3
srezz
cryptocurrency
7y
BTC dead cat bounce
off 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) WMA dynamic
$ 0.152
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srezz
cryptocurrency
7y
The MASSIVE Tether Ticking Time BOMB
I 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 of printing
$ 0.990
31
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srezz
cryptocurrency
7y
Major key support is broken
and 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 Dec.
$ 0.506
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srezz
cryptocurrency
7y
The Volatility dried out
and 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 volatility
$ 0.657
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srezz
cryptocurrency
7y
An attempt to test recently established strong resistance
is 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 to the
$ 0.471
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15
srezz
cryptocurrency
7y
The key support is broken
There'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
$ 1.799
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