STOP WHINING - BITCOIN RUNNING UPI wonder why we should frustrate the work done so far. Bitcoin is in positive trend and under very important resistance. Positions are liquidated are good for exchanges and whales. And while I hear many of us fearfully thinking about a new collapse. The indicator of complacency and distribution, followed by the inverse divergences, is clear. They are slowly buying your bitcoins again at low cost.
It will be like this. They will start with starting stop losses below 6k, maybe up to 5.8k. Then in the meantime you all think you have saved value by selling you will see the price bounce up to 8k.
Positive result achieved for whales and exchanges that in this moment of "our" distribution, they are "accumulating" because in truth great falls on the AD chart speak clearly.
Reverse divergences are also a strong signal. There are graphs from 1H, which appeared 22 hours ago, to 4H and 1D.
In short, you sell off, for me it goes straight to 7.6-7.8. A weak bitcoin is not good for anyone. The mining sector and the whole sector would suffer.
Full speed ahead and let's break through these last two supports.
Bitcoinbullish
BTC some tips and ideas, clear 9200 for continuation to 9500.Here some explaination to what happened here:
-Clear uptrend on daily chart and weekly still valid.
-Market structure intact with a "buy the dip mode".
-Liquidity pool tapped.
Lady BTC BOTTOM showing some big buys and accumulation during the dip and chop.
Lady Arrow v2 showing a buy signal flipped during a clear break of short term downtrend
Bullish.
Enjoy
Bitcoin targets 9973 with 99% probability until 11th March 2020I have done a statistical analysis on BTCUSD chart and looks like there's 99% probability that Bitcoin will hit 9973.40 until 11th March. We can expect a pump anytime sooner. Just watch and get ready.
PS. I think this move will start sooner but for now, i can say until 11th March 2020
Disclaimer: This is not a financial or investment advice.
Remember to follow me for more
Trade safe,
Atilla Yurtseven
BTCUSD 3 Strong Signals Signally Possible Long-term UptrendHere are the 3 most strongest signals that point to BTCUSD starting on a long-term bullish uptrend, Take your time to go through the signals through the daily and weekly charts usng the moveing averages provided.
If you are still skeptical, take a look at how the price reacted when the bearish and bullish signals occurred on previous occasions. I have attached the chart that show the 50EMA and 100MA crossing recently.
ETHUSD also has the same strong points and it is possibly starting its own long-term uptrend maybe even to look for that new high. No nothing is 100%, but we have to give weight and respect these signals and avoid getting into trades opposite of what these long-term trend signals are telling you. Signals such as these sometimes only come out once every few months sometimes even up to a year.
Thanks for your time and for allowing me to share my thoughts.
This is not financial advice. Just sharing my point of view and touching on the 3 main major signals that are showing us that a long-term uptrend is a real possibility here. No I cannot be certain nor can anyone say for certain the price movement as indicated will take place, I am sharing this especially for those who are still bearish for them to at least consider this information first before getting into a short trade.
BTCUSD 50EMA & 100MA Bullish Cross Long-term Signal FormingBTCUSD 50EMA and 100MA Moving Averages on the Daily Chart have just crossed signalling a possibly long-term bullish trend. 50EMA and 100MA cross patterns have historically been very good at signalling a trend reversal. Check out BTCUSD and even ETHUSD daily charts with the 50EMA and 100MA moving averages. Both has only recently crosses signnalling a bullish long-term trend.
Wait for more confirmation cause these lines can sometimes be pulled away with sudden bearish or bullish price action to cancel out the pattern and signal. Take note that the price value calculated on the chart starts and ends every time the moving averages cross bullish or bearish, so it is a very conservative number. If you are able to determine the tops and bottoms you can gain even more or you may have your own take profit targets based on your own research and probably gain more than what is shown in the chart.
Just wanted to share an observation. I am bullish on BTCUSD. The way up is not a straight line, there will be minor corrections and retracements but don't let the bears get to to you. As long as the bullish signals play out we are well on our way.
Nothing is 100%. Trade only what you can afford to lose. This is only an observation and not financial advice. Please do your own research and if you want to get in a trade wait for more confirmation and plan the best entry point. Also look out for bullish and bearish regular and hidden divergences on this uptrend when it happens as these are good patterns to use in deciding entry points and exit points of your trades. Refer to link.
Good luck everyone!
Bitcoin is already bullish but when should we buy?As you can see i determined the correction as a WXYXZ correction because of the internal ABC waves and its formed as a channel rather than a triangle.
At first I thought that we need another correction to the downside but it need not to be the case. Because of the break of the trendline it seems bullish to me.
I am waiting now for an ABC correction (zig-zag,flat).
How can you enter at demand? (green rectangle)
Wait for price action on 4h timeframe. Candle needs to close above the box in order to confirm an entry. Furthermore you can verify demand with the volume indicator. If volume is lower than average or it is a divergence you can expect a strong demand.
But first you need to be sure that you enter in the c Wave.
I will post regular updates for this analysis. If you like my analysis please support me with a like and follow my idea.
Thanks for reading,
stibo
Bitcoin Rally 2020BITSTAMP:BTCUSD
Bitcoin BTCUSD just breaking out above 9000. It appears to have momentum in the hourly charts, enough to to break above, stay above and to close the week above 9000.
This is a very significant level for the next phase as it appears as a confirmation qualification for a major rally to 18000.
The Weekly BTCUSD chart is very reliable and captures less volatility spikes. Signals on the weekly chart also allows better and more robust analysis and signals in the long term.
At the time of publishing, there is significant and higher than usual probability to indicate a start of the next rally.
Note that there is a lead rotation between BTC and Alt coins such as LTCUSD (Litecoin) and ETHUSD (Ethereum).
Overall, in summary, this one worth keeping your eye on...
HEADS UP!
BTC more signs of a bull run regardless of Iran US conflictSince BTC is already digital gold and adaption is just the next step. Considering that BTC was pumping along with January effect and the conflict between US and Iran. Let's consider that I was bearish already during this phase of consolidation from January 8-13 where Iran and US expressed concern to end conflict to not escalate a war. BTC then consolidated and was bound for correction on my analysis. But I was proven wrong and for me BTC pumping was unlikely from here. But it did...So in conclcusion if BTC is pumping even out of the Iran and US conflict which is already fading away...then we can consider this a sign of a bull run. Let's still see
BITCOIN Breaking point for a bull runSince the chart above mentioned the RSI 14 weekly showing signs of btc on a bull run or not..in a candle stick perspective we're already right exact at the resistance area of BTC and it will show either we have a retracement-pullback then go back up to a bull run. Or...this is alraedy the top and another correction dowanrds to $5,500ish. Call me repetitive but I have been saying since Novemeber BTC bottoming is possible already. Inline with January effect, halving and technical indicators showing up. BTC coming to a bull run this January is possible. Notice on the same China pump before there is a bearish divergence HTC present at MACD, RSI CCI. Now there's no bearish divergence at MACD only at RSI, CCI. It's possible this is just a retracement-pullback only.
Bitcoin catalyst bull run or not...Notice if BTC goes and finds support above RSI 14's 50-52 level. It says in the bull run regardless of bearish divergences which are irrelevant at uptrends. If it's below it, it's a bear run. We're now at the breaking point where BTC will either break above these levels and confirm a bull run...or not.
Bitcoin Bullish CaseIf you're looking for a bullish bias for Bitcoin then
take a look at the Daily chart. After that massive impulse move to $10.5k price has been slowly grinding it's way lower and lower to where price is chilling out now at $8.8k. If you're looking for a time to buy the pullback of that impulse move now may be you're time. There is a pretty obvious falling wedge that is coming to an apex and price is right around that sweetspot 61.8 region.
Buy zone - $8300-8700
Let me know what you think!
BTC Bull run bottoming likely + Bull Div fractalsBitcoin bottoming from here is likely due to signs of fractals and bullish divergence at the oscillator which are the MACD and RSI. Inline as well with CCI (Removed it so the chart is not congested). Inline with Elliott Wave theory and its subwaves finishing along with Fibonacci golden ratios 61.8 matching it. I see 2 possible bottom. 1st support box is the strongest inline with Wave 4 of the previous impulsive wave. Corrections of Elliott wave likely ends where wave 4 ended. But if not we can see another bottom which is the 2nd green box support which I considered as it inlines with the golden ratios as well.
If it breaks support likely we can see another drop and correction is over making this analysis invalid.
Bitcoin in wave 2According to my elliott wave count we have completed 5 wave cycle and we have entered a correction phase since btc met 14k. Because of that as wave 2 WE CAN NOT FORM A TRIANGLE and it is not a triangle. Everyone calling it a triangle, may be it's not!
So what now?
Now we started a wave up and then a retrace to golden ratio and from there a brief appreciation to 10400 level. This is either wave 1 of cycle degree or wave a of another X of possible WXYXZ correction.
As a result we should look for a long position and look for volume. If volume increases more than the whole correction phase and this coincides with a price increase we can say wave 3 of a larger 3 is in play and we will be extremely bullish.
Right now i cant see any bearish sign except bitcoin overal sentiment that is bullish and as a contrarian i do not like to be with majority.
I'm personally Long.
BITCOIN: Looks very BULLISH! #EVIDENCE belowHey cryptomaniacs,
I will not talk too much and let the charts speak for itsself.
Watch the update-section to see every evidence.
And as always, this is just my view in terms of technical analysis.
KNOW that BITCOIN is very volatile and risky - TA doesn`t matter sometimes here!
-----------------------------
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
BTC/USD Bullish ScenerioFor anyone interested in chart patterns there's a pretty decent looking Adam & Eve formation happening on the BTC/USD chart. Currently at resistance around 10.8k waiting for a strong move up to confirm the pattern. Expect price to make it to 11.5-11.8k region and with enough profit taking to bring price back down to test the horizontal resistance at 10.8k and into the ideal entry box. Either wait for signs of the resistance to turn into support or throw some bids around in that area.
*If you're looking at this as just a cup & handle formation and pullback from here to 10.2-10.4k would be the ideal entry.
Please Comment, Like, & Follow!
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
Bitcoin BTCUSD Looking Like A BULL RUN!Bitcoin here at $9639 is looking like a great buy its very over sold on the RSI with it hitting below or close to the 30 on multiple time frames. We have established a high at 10227 and now we should be looking to establish a lower high and It looks at if we might be at the low.
Bitcon (#BTC) looks just goodBTC looks good.
Currently trading above the $8.2K resistance level. The daily close above this level is highly welcome. It will lead us to Bullish targets $9K/$9.5K/$10K.
My invalidation level for bulish scenario is $8050, daily close below this level.
On the other hand ... the nearest support level lies at $7.5K. But I would not bet on this level as a strong support. This level already been tested for several times and becomes more weaker. The more interesting support zone is $7250K - $7350. Which has not been tested yet. So, it would be interesting buying zone for mine.
The Rise, Fall and Rise of Bitcoin : BTC's Possible Scenario'sIts been a good postive year beginning for Bitcoin so far comparing last years market trend. Currently we are seeing Bitcoin in an upward movement with a good bullish trend. In the short run it seems it is having so many different outcomes. When we see the trend created in the past few days its an ascending triangle which is also a good bullish trend indication. This triangle usually appears during an upward trend and is regarded as a continuation pattern. It is a bullish pattern. Sometimes it can be created as part of a reversal at the end of a downward trend, but more commonly it is a continuation. Ascending triangles are always bullish patterns whenever they occur. BTCUSD has broken its major resistance level at around $5735 after such a long consolidation period which comes after a low level at around $3180 USD from its all time high of $19900 point which happened in mid December, 2017. Today in some exchanges we have seen Bitcoin hiting its intraday high of $6130 and is currently trading around $5800. But the overall trend is bullish as long as the support at around $5200 is secured and it is clear that it is in a major trend reversal after keeping above the 300EMA. Our major supports for now are around $5440,$5200 and $5040. If it closes specially below $5040 we might further see a correction which might further go deeper upto the level around $4500 level which is the area of our 200EMA. If confirmed higher than the $5500 buying partial might be taken as a smart move but it still seems risky and couldn’t be taken as a confirmation long postion since it might be a trap made by a small number of whales in the market.
Further as it is shown on the 1 day chart we have 3 higher high peak points which seems a strong and bullish behaviour of todays market trend trading above the 10EMA line for the shorter term view.
When we come to the short term prediction we may encounter with so many outcomes and scenarios that can happen in the market. From these scenarios we will discuss the bold ones as follows.
Scenario 01 : We might see one last downward impulse move to start a correctional retrace movement before we see any further bullish trend to get more strength until the next rebound to break the resistance at around $6200 level.
Scenario 02 : We might see an immidiate retrace after seeing a 5 waves elliot upward move.
Scenario 03 : We might see a further downward movement towards the $4500 area to see a correctional 3 wave elliots pattern as stated earlier.






















