Bitcoin has shot up from our support area to our major resistance area perfectly before reversing once again. We’re seeing strong support once again at 15455 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support, bullish price action, bullish divergence) and a strong bounce could occur at this level to drive price up to our major...
Buy above 15467. Stop loss at 13901. Take profit at 17945. Reason for the trading strategy (technically): Price shot up from our support area and reached our profit target before dropping down to our buying support once again. We remain bullish looking to buy above major support at 15467 (Fibonacci retracement, horizontal overlap support, bullish price action)...
Current direction of things if nothing major gets in the way or no major rallies, just continuous growth until the last day of the year.
Bitcoin has dropped strongly and is fast approaching major support at 15455 (38.2% Fibonacci retracement, 61.8% Fibonacci retracement, horizontal overlap support, bullish divergence) and a possible bounce could occur at this level. Our next major level of resistance is at 17929 (Fibonacci retracement, horizontal overlap resistance) and our next major level of...
Inverse Head and Shoulders formation appears to be pointing at a rally to $21,855. This will put us at a 45% rise since Sunday afternoon. If this rally completes, we'll probably see a Bull Flag or Bull Pennant form for a short period of time, until we complete the weekend rally. I expect the weekend rally will rise just as much as we have risen after the...
If we look the market in 2013, there is huge bull and bear market trend. I felt like things happened in 2013 will be the same in 2018. If we compare 2013 and 2018's Fibonacci Retracement, they look very similar to each other. After the bull market, will probably happen in 2018, I'm guessing the price of bitcoin will go down to 5-6k. However, I believe the price of...
Following the price closely for the last several weeks, I have no reason to do in-depth technical analysis as it seems basic TA and psychological barriers are holding the strongest currently (as seen in my past charts) - I feel that everyone is over-analyzing the charts and not looking at the big picture here. Here we have a simple triangle that we are staying...
BTCUSD FINAL LONG The final test of the $7500 area, before we plummet for Christmas :)
As always know for sure the future market movement is difficult. But still I want to show my vision of the market. The price moves along a long top-end channel. There are also horizontal zones. at point A Fibo + Eliotta(ABC). In any case, should be a correction!
Could BTC go to 100k$ in 2018???
So far, 90% of you have followed the other 90% who also fail. You've all been short bitcoin since 5400, 6500, now wanna short at 7500. Learn the market cycle before you take a position. Short Bitcoin, go ahead and sell your belongings because you're gonna need the extra funds for food and basic essentials. Don't be a 90/90/90 statistic trader. 90% Of...
The price reached the price of the ascending price channel . This zone could stop and reverse the market and we saw downward movement from 6500.00 to 5800.00 level. If the price breaks the resistance level , it will be a new buy signal, we should expect upward movement to the zone between 6800.00 support level .
Bitcoin made a correction but recovered fast. If it breaks above this resistance line I expect a new move upwards. Targets: 5940$ and $6190. Stoploss: 5500$
The price is close to the critical point 5400, the breakdown of which will lead to the refinement of the markup. The bitcoin market is in the supposed wave 2 (black), in the composition of the intermediate upward momentum to 6800-7000. As well as yesterday we expect the market to grow to the goals. We do not exclude that our assumption, regarding wave 4 (violet),...
It seems that wave 4 (violet) has ended and at the moment a new impulse movement towards growth is beginning to gain momentum. Yesterday, the level of 5420 did not finish the price and we, afterwards, entered 5500 after a small impulse and local consolidation. Those who want to buy "pennies" can now enter with Stop Loss at 5400.
The picture from the last day has not changed. Everything goes according to our plan. At the time of writing, the formation of the C wave (black) in wave 4 (violet) went. We expect the market to decline to 5420. At this point, you can make a purchase with a short Stop Loss.