Well, in my last post I had identified a H&S that we were watching to see if it played out. It did not. Bears failed to break the neckline. Failed H&S patterns tend to reverse bullishly very quickly. That it did. What now? Well, if you're a bull, waiting patiently to get in before we rocket off, you may have one more chance. If you're a bear, I am finding it...
Yes, believe it or not. But the beginner has called it. :) Now I will put all my technical analysis into consideratio and look at what i think will happen to btc over the next comming months. So this is what I will expect from btc the next 3 months. I do not want to go deeper over all of my technical analysis but I can tell with short words why I think it will...
Setting up your next BTC short target price 6390 3 to ratio
I check again my chart. And i find i did have accidentally move support level bit higher that should be. Well i am still daytrading BTC you can make easy 5% profits but for long term i am more interesting on the breaking point. I can not really tell you that will go up from this point, because it will be lie. Nobody know for sure everybody have just opinion and...
Disclaimer: I am not a financial adviser, this is more of a novelty but everything charted has some form of reasoning behind it, we're 5 waves completed in Elliott's wave after the down trend, I'm predicting another Elliott's to begin here, but rise to a lower high in the absence of lightning network. Enjoy! Bitcoin is currently sitting at the top of the falling...
I'm not a professional, just and idea, maybe a cup and handle since H&S kinda got violated ? What you guys think? twitter.com
This describes my view. I´m looking to buy at the lowest levels at any of these outcomes. The harder it drops, the better the bounce !?
BTC/USD(1 day) chart study Bitcoin is still above .5 fib level in the correction/fud period. It is still following its long-term uptrend path. BTC facing resistance at .38 fib level currently. MACD showing signs of trend reversal. Happy Trading
BTC IS COUNTING LESSER WAVE #2 OF 5 DOWN TO COMPLETE THE LARGER "C" CORRECTIVE WAVE. EXPECT BTC TO ADVANCE TO OR NEAR THE UPPER TRIANGLE PRIOR TO RESUMING ITS CONTINUING CORRECTION. IF BTC FOLLOWS THE PROPOSED MOVES SAID LOOK FOR IT TO BREAK DOWN AT OR NEAR THE UPPER EDGE OF THE TRAINGLE IN A LONGER OR DEEPER CORRECTION OF THE 3RD. TECHNICAL ANALYSIS - BTC HAS...
In my last post I recommended to wait. Now, I am recommending a buy. Technically, this sell off is perfect and exactly what I had been hoping for. We hit the $3800 price point I had hoped for and we are right back in sync with our 50MA and smack dab in the middle of my bull channel. In other words, Bitcoin is back exactly where it should be and the consolidation...
Positive is far away... Check next time BTCUSD
Be careful here folks. This could be a BTC headfake. I remain skeptical that the bulls are back in control until we cross above the TOP BLACK line of my long time BULL channel and open a new candle ABOVE this TL on the DAILY. As of now, it looks to me like this could just be the first candle of a bear flag. If so, we would continue down below the $4000 support to...
Blue for the worst case scenario / Yellow for the less worst / Cyan for the overall good trend / White for breakout and green for moon / or crash. Still learning
Check this out! After breaking through our $2420 support, I became a bit nervous. We only had one more stop before the floor fell completely out and that was at the $2330 area. Fortunately, there was plenty of support to hold us today. We had the bottom of our channel, the 50 day MA, and the bottom of the Bollinger Band all holding us up at the same area. We held...
Once again analysis here is not tough stuff. Our line in the sand today is $2760. If we close above that, it should be fairly smooth sailing on up to $3250-3300. If we are not able to break through this resistance level today, then we should see more sideways consolidation before moving upwards again. Either way, my prediction still stands, $3250-3300 by the end...
This is what I will be basing my LISK trades on. Keep in mind that the date of the short may be sooner or later than what this tool shows. Basically: first a temporary short back to the resistance of the channel, then a recovery. If the recovery breaks through the channel and through the resistance a very large bull is possible.