We've broken resistance and found support on the daily MA20 and seemed to have found a bottom. Several factors have me targeting the target zone, we've been ranging and bullish breakout from consolidation is usually equal to the the range level itself. Previous swing lows have us hitting the 618 fib levels, a repeat of this pattern would have us hitting our target...
Momentum is starting to breakout to the upside as bearish activity subsides as a decrease in vol slowly attracts more institutional investors. Look for a breakout here above $6800 and conservative targets $7800 resistance level to the upside fairly quickly. I would look for extended targets towards $10,000
Hello drew up a couple scenarios scenario 1 we test 6.6 and go u scenario 2 we test 6.5 and go all the way up scenario 3 we crash and burn ll of these can happen relatively quicker/slower then what i am portraying break of 6k will get us to ATL but before 6k there are two other support levels 6.4 and 6.2 Good luck this week I will keep this updated daily if...
Ascending triangle looks set to incur 6th touch point. From here we either go up the height of the triangle or down the height of the triangle. Down sends us to 56xx which I can’t see happening. Four hour chart Bullish indicators: Trading above Ichimoku cloud Tenkan / Kijun Cross Ascending triangle pattern 5 EMA / 20 EMA cross 50 EMA / 100 EMA cross Neutral...
Hi to you if you are still interested with this market after the intense bearish pressure of the previous months. Bitcoin has possibly bottomed at around 5.800$. Weekly chart clearly shows a possible reversal trend start. Btc was supported by the weekly 50 Smma, and nicely bounced on it which is very important and actually bullish, even if this looks weak. Btc...
Hi, guys. I’ve checked the resistance lines and it seems it wants to go down, since 1 month chart MACD is really bearish, and also, it has broken the 50 EMA line. As you can see, BTC broke the support and it has turned into a resistance. Will it break it or not? Stoch RSI 1D is at max. level, but it can just make a new high and it would be wave 1 of a bigger...
We all know the history of the bitcoin "100$ on bitcoin -0.21% years ago and today I would be a millionaire". Or at least, so they say around. But is it really like that? Obviously the answer is not simple and remains in a gray area among those that we could expect. Around too many voices, too much confusion. So I thought to make a point of the exhaustive...
Here are some similarities I'm seeing. We seem to be following exactly what happen in April. If we were to continue this it would take us up to 7.7k-8k and then we would could be expecting another downtrend.
Hello everyone, After the elliot cycle we had a complex correction (simplified in my steemit). - We completed an apparent (ABCDE) triangle formation (bullish); - We touched one of the two major trendlines (precise to the smallest timeframes) before rebounding; - We reached volumes comparable with the massive uptrend; - Perfect inversion with a hammer pattern...
Hey, I am back with another Technical Analysis, looking again at Bitcoin. Bitcoin has found strong demand at 5800 level as I suggested in my other ideas, that this zone will act pretty strong. Bitcoin has also broke out from the falling wedge bullish reversal pattern as I expected in my another succesful Bitcoin Idea The 5800 was tested twice, both times...
This is a simply strategy. Once we crossed the 200EMA this is considered an uptrend. I am seeing a lot of similarities with where we are now & where we were in April when we had a run up to 10,000. Things are looking bullish imo
Guys, I decided not to trade. I’m really angry with BTC. In fact, not with BTC but with bots and exchanges allowing bots to work because of the huge amount of money they earn with fees. Bots buy, exchanges earn fees, people get in, more fees. The movement suddenly stops, people sell, more fees for the exchanges. Bots purchase again, and more fees. And so on, til...
95% Bullish due to: Upward range now breakout 1D Pivot broken 1D Tenkan broken 5 EMA crossed 20 EMA on Daily Bull flag forming on 15 minute MACD crossed over Bullish Long Entry is Now! Target $7K
BTC Update Bull Scenario - The Inverted H&S on the daily plays out and we will get a good bounce to the upside sometime next week. - News of a Euro ETF was posted yesterday. (www.coindesk.com) - We've seemed to hit a nice short term bottom. Bear Scenario - Looks like a Head and Shoulders will form and retest $6430. - However, this will play into the Inverted...
Here's a slight variation from my previous fractal idea of the April-Nov 2013 Fractal laid over current chart. Previous idea linked below had fractal playing out starting from the high, with the # of days from the high to finding a new higher low 88 days later. For this idea I used slightly different data (fractal overlay from Mt.Gox chart rather than Bitstamp)...
more inclined to breakthrough at the moment the critical mass is growing
Smart Money: BTC Selling Last Support Strategy – SHORT - Forming potential head and shoulders pattern. - High/Higher High/Lower High = Bearish. - If 3 tests of the 6420 purple support line. Short on a bounce off the retest of 6420 as resistance. Close at 6280-6300. - If there is a bounce then this is the third test of the 6280 identified via the red arrows....