Well my crypto maniacs... This has been a wild ride, wasn't it been? We are here again with a new bullish pattern which looks very promising. In recent weeks we tested multiple higher highs as well as attempted breakout through Ichimoku Cloud.
With that said we should expect steady uptrend movement within next week or two if this pattern completes successfully.
I will also later post another chart which will show that we are also in a downward wedge pattern which has been seen since early May. In all we are getting many bullish indicators, patterns emerging. Despite some bearish news and FUD being spread by some, including Brad Garlinghouse with his "over 50% of Bitcoin is controlled by several miners in China", which might be true, but still.
To conclude this chart, we will add that although everything looks optimistic at this point, drops are still possible. We are in a very volatile, sensitive market with many newer investors that panic and FOMO at every drop to pump. Carefully invest in Bitcoin and alts and if you have that option, go LONG, do not do day trading for something that is still worth less then 400 Million. We are nowhere near mass adoption with Wall Street investors lining up to go into cryptocurrency and many companies starting to experiment with blockchain. GIVE IT TIME PLEASE, PATIENCE WILL BRING PROSPERITY TO THOSE WHO WAIT.
Enjoy this trade, advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
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LIKE this chart for support!
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We are looking at sideways movement here
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Support is just above $6,100 however drops below that in a quick fake bear flag are possible. From pattern standpoint we are looking at quick uptrend before June 29 - 31
If we maintain support at $6,100 today we should be good
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SMASH THAT LIKE BUTTON
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Keep in mind that we are looking here at 2-3 month trajectory path, what will happen after it no one knows in the slightest, just be ready guys. If you're in crypto right now, it's same as striking oil, but you just don't know it yet.
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Here's thee downward wedge I was talking about earlier. It is not a perfect wedge, more of a downward channel that tis narrowing down, however it is possible most bullish sign out there for market
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With that chart above you see that we have 2 tracks drawn in which will either take us to recovery instantly or go to $5,600 levels. With that said as of today, track with instant recovery is most likely, nevertheless keep in mind that lower lows are possible. I am disclosing this not for you guys to sell Bitcoin, but on contrary to hold and overcome your panic sell. When everyone is bearish, that is when you become bullish on it and dominate it.
Keep in mind that you should only invest what you can absolutely afford to lose.
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Quick hint crypto maniacs,
Most alts are in same bullish pattern, so consider them as well because bigger gains are made with alts since they are more volatile
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Very low Stoch on 1D and 1W charts
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Another bull sign that emerges
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Remember that our positivity support for today is at $6,100
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Here are out support zones
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Expected sideways in short term with $500 bounces up/down - very volatile - short term investors should not enter
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Take your time with Bitcoin
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In recent news, Facebook is about to resume crypto ads again. If you guys do not see that this is a HUGE event, think again. more media coverage, more cryptocurrency ads, more interest.
Don’t be scared by price action, as mentioned, we still have week or two to see some action
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Pro traders can use this opportunity to short
Long term investors just hold
Short term investors should stay back
Medium term investors can invest with caution or wait for breakout first
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Active for above investors
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Support is around $5,900
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yes, $6,100 support broke, but it did not demonstrate a firm break. If next 4H candle closes below $6,100 then we'll talk
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Bears aree getting to Bitcoin, however still bullish in med term
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If you guys see our charts as easy to read and understand it would be awesome for us if you smashed that LIKE button, that gives us huge support directly from you crypto maniacs! Make sure you're following us everywhere for up to date updates!
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We are above $6,100 again. Short term looks bullish with medium risk.
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When this blows up, there will be no stopping
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Just think of this as a massive accumulation stage for Bitcoin before it blows us all away with it's potential in terms of real life use and price
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We are starting to move up, short term investors go in with tight stop loss
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LIKE THIS CHART PLEASE
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Short term investors can out up risk minimizing stop loss around $6,050
Higher risk stop loss is at $5,800
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Still above support line, veery nice movement with many bullish news accumulating
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Might go down a bit before bouncing up - no worries
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If you guys want us to do different crypto analysis, comment your coin down below and we'll choose a few
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We are in TOP AUTHORS of the day again! Thank you everyone for following us and our analysis!
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To balance out bullish news, here’s some FUD for you guys
@userboy, cool story bro.Like we reached new ath in 2018 as everyone was saying.
OTM.Investments
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stick to drawing your trash triangle. you know nothing bum
KuntaKintecb
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The only reason why btc hasnt broken 6000 yet is because whales dont want it to bounce up before 29.6 - CME Bitcoin Futures Last Trade Date
Event date: 29.06.2018
@CryptoFrank23, either they will hold current levels and pump after date expires or the will dump right before expiration date to maximize their profits either way they are not going to allow btc to go up before that date...
cryptoezvip
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@KuntaKintecb, let the trend takes its course. I lost views by gently prepping them what's to come. People rather hear what they want to hear than the reality that bites. ;)
KuntaKintecb
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@bibboyne, everyone has a specific trading style, some rely on heavily on charting others on social volume & sentiment,... the diffucult part here is to know who the players are in this game and to figure out their strategy and antucipate, its not simple because they are doing exactly the same and they have the leverage... the only advantage i have is that i know they are subjugated by greed!
cryptoezvip
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@KuntaKintecb, actually you need a mixed bag of all three to effectively forecast a trend with pinpoint accuracy. It is really not as hard as you might think. Given a little practice, anyone can do it. Whale strategy is even easier to anticipate, they are always anti-market sentiment. The only tricky part is finding out "when" they execute their move and it is not impossible either - it just takes experience. I have projected all the possible scenarios in my chart, if you follow it, all you have to do is make a checklist of criteria and you would know where we are heading. Have a look:
jalders3trade
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There is nothing bullish about a descending triangle my friend.
Get ready for 390.000 $