Hello,friends :) I hope this Idea never accomplishes,otherwise we're doomed. 1)Check the weekly RSI,below 50 = downtrend. 2)We are below 50 EMA,very bad sign. 3)We struggle to go above 0.61 Fibbonaci. If we fail to breake this triangle up,it is " Finito la comedia" I hope the Bull gods won't let that happen but be carefull about your long entry or purchasing...
First long entry on bitcoin and some other altcoins. Every -$ 1000 level on btcusd I will buy a piece of bitcoin and altcoin too. Good luck.
In chart 4h Only BTC breakout zone 7700. It can go up to 8000 - 8300 soon. This is good time. We can buy a lot of bitcoin or altcoin. If BTC - haven't breakout zone 77xx in the next fews hours.It can go down to zone S1 : 7280 and 6900. In two zone : 7280 - 6900 BTC can bounceback a little.If BTC breakout blacklinear after down. We can accept BTC doing...
So far the price is trading according to our plan as a Three Outside Up rejection on the 5H 7,756.3 High is pulling the price down to the Rectangle's (RSI = 52.174, ADX = 19.563, CCI = 16.3127, Highs/Lows = 0) support zone = 7,373.10 - 7,437.20. I do not expect this Rectangle to hold on much longer as the 1D Resistance (MACD = -220.100) should continue pushing...
2017, 2013. Different crashing structures for different reasons (diff. market cap size, diff. average investor profile, diff. reason of crashing), but a same post peak market behaviour. It seems that buyers and sellers are printing the same marks in this market when a peak is reached and the asset starts to be sold, following the break of the uptrend parabolic...
Bitcoin - The Bigger Picture (Re-upload) If you have any questions feel free to drop them in the comments. Thanks for all the likes and follows guys, I appreciate it!
(Re-upload) - I will keep charting this pattern until it is over, if bitcoin breaks either of the purple lines I no longer believe in this pattern. If you have any questions feel free to drop them in the comments. Thanks for all the likes and follows, I appreciate it very much!
Today's 7,756.3 session high on a strong Three Outside Up 4H bullish candle (highest volume in a week) restores some Channel Up bias on 4H (RSI = 57.450, Highs/Lows = 85.2339, B/BP = 163.1428). However we can only expect a continuation if the June 3th = 7,777.4 High is broken. The most important test are the two Resistance points: 7,828.80 and 7,923.60 (0.50...
We will keep this chart updated with deeper analysis for our exclusive members. Although pattern is bearish since this is a very bad 'descending triangle' we remain highly bullish on Bitcoin. Since this is not a regular descending triangle, plus since crypto rarely follows any of the regular stock market patterns we are just fine. If upward support breaks...
I am posting this as a long play since we have been long since last week for anyone new reading this, make sure you read up on the strategies we are utilizing if you are thinking about going long. We have been in this channel looking for support while chopping around. From my chart you can see we had this first smaller trend line, broke it, found support then...
The crypto market is facing some drop now.. So it can be good time to short some of your coins/ sell now and buy back later. Ethereum is one of the top coins and my advice for Ethereum holders would be to short by 3.70% and buy back at the price of 0.076 BTC. Some indicators showing a downward movement: STOCH RSI is overbought which is a bearish signal RSI and...
Binance Monthly BTC chart June '18 will decide whether we'll be in a 6 month bull or a 6 month bear market Let's get ready to rumble!
Decision time on the monthly BTC chart. June '18 will decide whether we'll be in another 6+ month bear or in a 6+ month bull Let's get ready to rumble!
Bitcoin price prediction. There are 2 scenarios formed by this bearish simetrical triangle. BTC will go to 12500 or 5500 depending from where the wales want it to go.
Now that BTC has rejected a major key resistance at 7750 and dropped. It has formed a new lower high from the previous high. I expect BTC to test the 7335 region as this is the 61.8 fib extension from recent high made. If this level is broken and we see a strong bearish candle close below the 61.8 fib line . Then I expect BTC to retest previous low of 7050 and...