The upward Trend of Bitcoin is continues. Although Bitcoin is a disappointment for investors but I think that the trend chart will continue until Facebook's cyprocurrency money.
Pretty self Explanatory! In addition to our bearish ascending broadening wedge in green, we also have our H&S pattern as well as a descending triangle in light blue. We also have a small pink bear flag. There is a real possibility of a bounce off of the blue triangle support; and then subsequent retest of green wedge support turned resistance/light blue triangle...
Hello Traders, in this chart i'm sharing with you bitcoin analysis, you can see bearish reversal symmetrical triangle pattern if it's breakout successfully so you have good opprtunity to buy and long trade, if you are risk taker so you can buy here now with SL and before investing also do your own research. Our previous success analysis: Legal...
Priceline of Bitcoin / US Dollar has formed bullish BAT pattern and entered in potential reversal zone. The RSI is oversold. Stochastic has given bull cross. I have defined targets using Fibonacci sequence as below: Buy between: 9791.3 to 9468.0 Sell between: 10559.4 to 11713.6 Regards, Atif Akbar (moon333)
This is what I see as the last possible chance for a double top: Short down to mid 7's and a bounce off yellow wedge support. We could then form a bullish descending broadening wedge with a target which is equal to our double top (purple long term down trend line). I am not saying this will happen, but it is something I am keeping my eye on.
So I have pretty much given up on the hope of re-touching the purple long term down trend channel resistance (as a double top); as we are teetering on the edge of a large bearish ascending broadening wedge. I think from where we currently stand on the daily we either: - bounce of the support of the wedge and hit the green 50MA confirming it as resistance and...
So not only do we now have a confirmed break down of the bearish ascending wedge; we also have a almost perfect head and shoulders pattern. We also have a parabolic sar flip and fisher transform crossover to bearish on the daily. Appears we are definitely going down to 7500 though ultimate target initially is 5K.
First, stop buying without discipline, crypto can make you money but you must have a plan, stick with me and I will show you how to create a plan and why price does not matter. We can make money either way but we need "Can't Lose" scenarios all the time. Let's focus on what matters -- support and resistance. For the last few weeks, I've been showing where BTC is...
The bullish fractal I have been following is playing out very nicely on the daily; this is a big long for me to the top. Average entry 10,830; target 13,400ish. Stop loss 10,600.
After forming a gartley pattern the priceline of Bitcoin / US DOLLAR has formed a bullish butterfly and entered in potential reversal zone. I have defined the targets using Fibonacci sequence as below: Buy between: 11392.9 to 11191.6 Sell between: 11504.6 to 11835.6 Regards, Atif Akbar(moon333)
Smaller Time Frame Bullish Fractal is forming that supports our larger bullish triangle fractal. The smaller time frame fractal suggests that 11,090 was our bottom and we will range between 11,200 and 11,500 for the next 3 days before we break out of the white diamond resistance line and make our way up towards the double top. My entry for long 11,115 average;...
Diamond Top Reversal creates our retest of bullish triangle support; before final leg up to 13,500. My entry for short as per my previous analysis is just over 11,900 for this short (I scalped between 11,800 and 12K levels for a few days). Target is 10,800ish before switching back to longs.
Decided to create a brand new analysis to track the bullish fractal now that we know we are heading to a double top. I am currently short (high risk tight stop) from 11,900 down to 11,100. I have longs laddered in and waiting from 11,100 down to 10,950 at various intervals which I hope will be filled for the final push up to the double top. From there I will...
An early break of falling wedge plus partial decline could be possible strong breakout to the upside. Targeting the .618--roughly 11.6k.
As per the bullish fractal that has formed on the four hour and below charts; the fractal is actually more in line with what we expect to see on the daily chart. This means we could very well be on our way to our double top. My entry was 10,329 and stops have been moved into profit at 10,600. We will atleast fulfil the smaller fractal top of 11,050; however there...
Bitcoin is pumping up up and away - these triangles are helping me to see where ups and downs might be
We caught Bitcoin in another traingle. Please share ideas/your chart info as to how long it will follow that line. collaboration breeds success