Not really a fractal but a general comparison for a potential outcome to this pump. Fractals alone are dangerous to trade off. As recently as our local bottom, there was a fractal that did not play out. Regardless of the validity of ETF hype (personally very skeptical), I think it's reasonable to expect a retrace to coil for another pump to test the 200 MA using...
Possible 3 month head and shoulders forming on BTC. Price currently in right shoulder, reaching the same highs as the left shoulder (~$7.8k). Expect price to bounce off this level for a few days, before a short pull back to 7.0-7.2k. This pullback would make sense given that daily RSI is currently touching oversold. If this pullback occurs, I'd expect a quick...
10k by july: Green bar shows strongest long term support, I don't think we will break below it but I could be wrong. Strongest resistance shown in red, over the last 4 months they have been hardest to break. The white lines indicate in theory how early/late we could breakout to still reach 10k based on the move from long term support to 10k in early-mid April. It...
Bitcoin is currently struggling to break the heavy resistance at 10K, however I believe it will break soon. after a retest around the 8k buy orders will kick in, when this happens 10K is possible to break in.
Hey guys so far btc has had a nice drop in price, and i am expecting more to come , because ... 1. On the daily I see resistance at 200 ema 2.Bear flag formation 3. It plays well with Distribution phase of Wycoff's Idea. It Might not play out exactly ,but this is just a sense of direction ,and price action you might see. If you have any ideas that might...
Bitcoin is currently resting on an area of confluence support. With Consensus coming up I'd say the next few weeks are going to be quite bullish. With BTC making higher lows and higher highs, the market is looking due for a pump after some consolidation in the 9k area. Once we overcome the mental barrier of 10k, we will most likely head on up to around 12k and...
With the breakout of 9.3k (blue region) in 3rd of May we still on our road to 10k. If we see a closure above 10k you can follow the scenarion shown with red arrows, and expect the green region for our next target. Important tweet; Charlie Shem: "May 2018 will be the last time we ever see #bitcoin under $10,000" CryptoCholics is out, peace out! Disclaimer:...
Bitcoin bounced right off it's midterm support at $89xx and recovered close to 4.5% of its recent pullback after it failed $10k. 7d MA is on its way back up to cross the 20d MA on the 4h Heikin-Ashi showing a good indicator that this short term bear trend reversal is coming close to its end. If BTC can push back thru $9400, it should be back to retest $10k by...
$NXT continues its movement sideways expecting updates within a month.
As many predicted.. if we dont break the 10k line we will have a possible retrace down to 9.4 - 9.6k. Im glad the support there did hold for now. If the regresseion trend patterns will repeat, we will observe a 10 to 15° uptrend for the next 3 to 5 days. That means we will break the 10k (psychological barrier) in the coming days. I expect a small retrace down to...
Im a noob so bear with me a simple chart that i have drawn comparing the last breakout and the current breakout that we are witnessing together with some price range BITFINEX:BTCUSD
Hi everyone, A quick update on bitcoin. Bitcoin seems to form an ascending triangle. See reference here: swing-trading-strategies.com If you check the hourly RSI you can see that the first dump was hard, the second one was soft. Alot of buyers can be spotted in the second dump - green candles - aka accumulation . You can see that selling pressure diminishes....
Hey guys , while Btc is trying to get back into the larger trend, so far Btc is facing resistance at 200 ma which is a physiological price level as well '10k' ,for a bullish scenario we need to break high with great force above 200 ma , test the trend line for support and reach 11330 target ,but we are loosing positive momentum on the daily ,and the daily Rsi...
Forming symmetrical triangle on daily which is a nuetral pattern ,but with declining volume breaking upwards has a higher probability.
Hello everyone, Short term fractal experiment getting us back to 9.2k Greetings, Vincent
Bitcoin could go back up to 10k and above if the inverse head and shoulders completes. We also seem to be in the 3rd wave of an elliot wave which could also send us up to 1ok. The cross in the blue and red lines indicates a bearish turn but since its above the cloud its a weak signal. The dmi shows not much momentum but more so to an uptrend and the macd looks...