Bitcoin has been stuck in this range for a while. I believe there will be a resolution within the next week. Idealy we would stay above the first trendline, break the 4500$ zone and move towards the psychological level of 5000$. I believe we could see a breakdown towards 4000$, shake out a few weak hands and then move 1000$ towards 5000$ asap. Maybe dip a bit...
This chart that overlays an analysis (from wizsec) of how much hot/cold BTC Mt. Gox had in the years leading up to their closure, while they were in the process of having coins stolen. It shows that there was definitely an overlap in potential Mt. Gox theft activity, bot activity, and the mega bubble. i.imgur.com At the bottom of the same chart, you can also...
Bitcoin appears to have a hidden time trend. It seems to be trending towards the year 2019. (seriously though - look at the big picture.)
Here we can see our price has hit some support at the 2/1 Gann line and our stochastic is at medium threshold, when historically it has been at the upper threshold, this is great signal for a price rise. We also see some bullish confirmation right where the support line is hit. This is compounded by the fact that our 20 and 50W MA's are very close to crossing,...
Here we can see that Bitcoin can potentially reach its all time high, based on the 2/1 Gann Line meeting with a resistance line in the Fibb retracement at $2910. We could see some nice rise if it is able to breakthrough once it is tested. I disregarded the stochastic level, which is above the 80 threshold and also disregarded the MA and the fact it is in the...
I think a lot will depend on the news in the following days. The sentiment is still very positive. No major event rocked the market, it was really just overbought and it needed the relief. Correction was imminent. The question is if the run is over? I don't think so.... I have bet with 70% probability that it isn't yet...
Still very bullish sentiment, despite yesterday's imho very healthy correction. I am investing long term in bitcoin mostly, though I see no sense in investing further on from here. My break-even position atm is 300 USD. Majority I bought at 140 USD, cheapest at 5 USD. I will try to cash out on this bubble partially and increase my overall BTC holdings. But my feel...
With good news considering the ETF opening, it can be good to try a long.
My only guess given the attraction for cryptocurrencies, is an upward breakout, but who knows if there'll be further retracement so waiting has it's importance although I'm already positioned. Around 0.618 profits have been taken, so I guess we can continue the journey to the moon ! Cheers, and don't forget to hold bitcoins ;)
1) There is bearish RSI Divergence that seems ready to be broken. On a longer time perspective RSI is trending up (Red line) 2) Price closed above the channel but closed inside the pitchfork on this occassion www.tradingview.com 3) From the Dec-Jan High-Bottom, the Fib extension first hit 1.272 and pulled back to 0.382 and now we are spot on 1.618. 4) The 150 D...
Maybe last short before BTC and other legit cryptos to the moon ?
I spect some months of stabilitation for btc in this price range between 900-1250$ with a possible triangle in the making, for a nice and stady bull run in summer to new ATH (my target based in fibonnaci is 3-4.5k for the end of 2017). Simple chart and TA. Good luck everyone.
If Bitcoin reaches 1280 USD and is not going to correct soon, that in my opinion might indicate early stages of H&S pattern forming.
if we stay in this channel for the 6 years this is how things might look.... highly speculative chart.....
As usual, beware downward breakout, especially considering the news and the ethereum stelaing the hype lol, but bitcoin will always remain bitcoin, should have a place in a trading portfolio. The double bottom is pretty nice, I think it just want to confirm the 1000 cap, as for the target, once again how long can you wait before closing position, if you can wait...
Please do not trade this without your own TA. I hope that this can help with target pricing :> Forecast is made using simple S/R and measures. I have yet to explore the possible downside of this , so I will confess that this is very bias.
We're near the top of the pitchfork. Expect a drop, go for your sell positions but not for too long. Ride the wave up at the bottom of the next little crash, until 1st or 4th of July. Will be a good 4th of July. Remember, we're at the ATH. We've had a massive 3 year cup for a C&H formation. The handle is being created over the next few months, so don't expect...
I expect the price to float above 1200 as we wait for SEC to announce the ETF outcome this Friday. This is a good opportunity for a very short-term long. Be on your toes at all times. Good luck trading!