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First Post - Thoughts on BTC - 05/29  

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Kyle Kaylor
(@kaylokyl000yahoo-com)
Protégé
Academy of Technical Analysis: Level 4
Joined: 9 months ago
Posts: 2
May 29, 2019 11:19 am  

https://www.tradingview.com/x/txiI10yf/

I am personally expecting BTC to have a little pop up to ~$9200 before the eventual downfall.
I believe the move in ETH will be further propelled by the price action.

I am currently charting a bull-flag on BTCUSD, with a recent breakout of a falling wedge on ETHBTC, and ETHUSD in a current ascending triangle.

Critique the sh*t out of me please. lol

-Kyle


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Kyle Kaylor
(@kaylokyl000yahoo-com)
Protégé
Academy of Technical Analysis: Level 4
Joined: 9 months ago
Posts: 2
May 30, 2019 9:15 am  

Update - ETH/USD.
https://www.tradingview.com/x/TKAofMiU/

 


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Stephen, COO/Director of Analysis
(@stephen-harano)
Registered Investment Advisor Representative Admin
Academy of Technical Analysis: Level 9
Joined: 11 months ago
Posts: 56
May 30, 2019 11:33 am  

Kyle, 

as you saw today, BTC price action had the little pop up to 9100 area. the volume was super weak and resulted in an immediate return back to the 8600 area. that exhaustion candle will likely be the catalyst for the downturn. the result of your analysis happened to be on point this time around. good job! 

let's see what happens to ETH. i'm certainly excited about it

stephen@blocksociety.net


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