Hi friends, On the daily log chart you can see that we are still bearish indicated with the RED trendline. The 200 EMA and this bearish trendline is on the way to make an intersection. Currently we are sitting on the 0.382 Fibb and it is still not clear that we are gonna move UP or DOWN. If we break the 200 EMA and also break the bearish trendline, then it is...
For Bitcoin opinions are divided, since there are factors that indicate the beginning of the price increase, and the continuation of the downward movement. Proceeding from that there is two possible scenarios of price movement: optimistic; pessimistic. In the case of the first, the price chart is at the beginning of the third wave of the global wave...
Today I will be doing many updates so you can follow me a bit better and see how I change my position and determine whether to enter or close a trade. I made the main chart with some important trends and fibs in 6H TF but the updates will be in smaller TF's, it's just to identify where we are in the major trend. Everybody good luck hope you learn something and...
I am mostly bearish for Bitcoin. My buying target is around 2k
Hi, we need to see clearly breakout, obviously, this week would be bullish but let`s see what will happen Good Luck! :)
Guys Volume is LOW We are right at the big support line. THIS IS IT. We will have a confirmation soon telling us if we can go long or the other way. CCI's line is climbing up which is a a sign, however the volume is very low, so maybe little by little, we will see changes. This is a 4h chart so the impact is high. IF YOU SEE the price of bitcoin goes below that...
First a small intro: THIS IS JUST A THEORY FOR NOW. CONSIDER THIS A TEST OF THE THEORY. I came to this idea by thinking about satellites. You know how they work? 3 satellites triangulate their signal to find an intersection and 4th one is the reference. I thought: "Hey, could I apply something similar to charts?" The business part: TL; DR; Based on this...
Bouncing off of strong support, BTC should head to 7600-8050-8270-9150-9750 levels from here. A decisive close above each level mentioned would make the up-move stronger. If BTC breaks above 9750 in the upcoming weeks we may see the rejuvenation to 14500. Until we get a decisive close below 6000 we are safe to buy and stay invested.
The peak 2017 was related with the rising of new altcoins, if we take it out of the picture for a second we can see a rising behavior.
Basically.... This is the same chart as yesterday. I had move the one red line so people would NOT get fooled into thinking GREEN is a go. It is NOT a 'go'. We might still be in RED Scenario. And after RED scenario, we hit ANOTHER critical area if it plays out. I'm not feeling extremely hopeful right now. Volume seems down. Buyers are scattered.
Have revised price channel upwards with targets of $9,675 followed by $9,966 and for the grand final which compares with previous rise from $6,000 to double top I calculate between $10,150 and $10,250. Plenty of potential resistance along the way and like other peoples postings anything can change in between. My Fibs are based on a low of $6399, otherwise you...
Hi friends, You are probably aware of the current market crash. We are making lower lows again and again. Altough, we have several bullish signs that indicate upward price movement. Firstly, the falling wedge. Everyone knows it, and what it means: clear bullish sign. Secondly, we have a bullish divergence on the 4H RSI. It also indicates an upward breakout. On...
The last three days the 8k level has been bashed into numerous amounts of times. 8.2k seems to also be a small target down in this area but from my honest opinion, the institutions are having games at this lower price; allowing the rest of us to follow suit. Could this be the end of Bitcoin ruling the top of the table after all of these years? Ripple... Litecoin....
Good Afternoon and welcome to this thought contagion update on BTC. If you notice my chart on 3/7 I gave you the call we were headed down when we were at $10,700 and we dropped to around $8400. A savings of around 20%!! I pointed out several key indicators to show support for this and today we will be looking at the same indicators to see if we have an idea on...
HERE'S THE GOLDEN RULE: * SELL when the price make a new "Lower HIGH" * BUY when the price make a new "Higher LOW" If you like my analysis, please don't forget to LIKE & FOLLOW! Free Tutorial on how to trade the AB=CD coming soon!
Pink Trend line which is also median trend line holds resistance level while red the original path for the BTC -4.90% . As per my view to get the momentum for 20K levels BTC should get into the 8K levels first or the run would not be for long. Trying to keep it simple and easy, please like and follow if you agree.
Will we see a break of 23% retracement level? And a push below 8500 ?
It seems that Bitcoin has broken first resistance at 9547 USD and will go to second resistance at 8047 USD. If it breaks then will go down to the third resistance at 5818 USD.