Here is a Bitcoin Idea
Position : Long
Pattern : Inverse Head and Shoulder
Buy In: $8800 to $9000
Target 1 : $9800 to $10,400
Target 2: S11,400 to $12,000
Stop Lost : $7800 to $7500
Possible Gain : $3000
Possible Lost $1500
Let me know what you guys think.......
For all the media and the people that believes Ethereum is about to pass Bitcoin in market cap, I have to disagree. I believe Ethereums best price to buy in for a Long Position is at the $600 to $500. We will look to start building our position at the$600.
Let me know what you guys think? Thanks
$12600 support has held and our new cycle has begun! Yay!
Take a look at the chart. With the extended consolidation, it became necessary for me to update my targets. This extended consolidation allows me to also extend my target(s). Notice I have two now.
So, what is going on here is that it seems we are in a wedge. Elliott Wave dictates an ABCDE touch and then...
Our EMA (the blue line) is a great support and resistance line for an uptrend or downtrend in price action. We can use this to our advantage.
After a bit of studying the price action, I found that during down trending price action, if one of the red candles deviates from our EMA by around $1000, it is almost always likely to jump back to the EMA.
I indicate...
Hi everyone,
Price has broken out and retested previous resistance (Green zone). We now have a good breakout-setup, where the market can reach the D-leg of a (possible) AB=CD pattern. Most likely, there will be some profit taking at those levels, before the market moves to the 1.618-extension of the AB=CD-structure. We might see another drop to the Green-zone,...
This analysis is based on adding 1% of the total $7.6 trillion bank notes every 3 months for the next 12 months to the Bitcoin Market Cap.
We currently have only 2.6% of the bank notes invested in Bitcoin. So based on this assumption by end 2019 we will have only 8% of it moving to Bitcoin (Fair assumption, right?)
I will try to make this as simple as possible because I made this specially for my friends and family. First of all I am a stock, futures and options trader, not a Crypto Trader.
Once BTC will start trading it's futures, it will be trading at a very different dynamics unlike it is trading right now. BTC will be treated as big dogs such as Oil, Gold, Silver, and ...
We currently rest at our $2670 support which intersects with the bottom of our channel. Could we see a weekend bounce to $2980? I think this is a good possibility. We shall soon find out.
Happy trading!
Bitcoin price printed a high of around $435.94 during the early hours of 2016. Despite the fact that the market’s bulls were successful in breaching the $431 level, which has been resisting advancement the past couple of days, price correction pulled the price down to a low of $427.17 a few hours after printing the day’s high. So, can we see bitcoin price rise to...
This is a drawing of the future flutuations of price of Bitcoin according to my opinion. It is based on fundamental analysis.
As I already said in previous IDEAS of mine which were censored, I project to drop in panic selling down to $10 in its extremest, then strong dip buying up to $250, and then slowly stabilize in between $70 and $100 range.
Why I think like...
On this (especially by journalists) almost forgotten chart you can see the extreme price swings Bitcoin went through. Interestingly the very first major price swing finally found support ending a correction phase in the middle of November (and we currently have November, 7th, 2014). This could mean everything and nothing to the pattern repeating Bitcoin...
