I went ahead and drew the bear flags out. Additionally, I measured each "peak" of the flag to the next leg down before the rebound which came out to around 23% each time. That being said, the possible final leg down will hit around $6.5k. The G20 Finance Summit is on the 20th (next Tuesday) so the news from there will most certainly affect how the market...
Hello, This chart is only valid once the condition indicated is met. Which is breaking below 9200$ as indicated in the chart. We have three possibilities one of which will work out (again once the condition is met) The first possibility is finding support on the March 2017 uptrend line which is also the end of the cloud as well as a fib level. The second...
Yo Dawg!!! I heard you like bear pennants so I put some bear pennants in your big ass bear pennant!!! What's up? It's me again, still no clue what is going on here but I like it and that is what makes for the fun! So BTC been getting wild huh? Yeah totally. I refuse to believe that the head and shoulders pattern, that those guys on the International Space...
I see overheating and expect a correction to the level of Fibonacci 50%
Hi Followers, A lot of analysts are becoming a little bit bullish and I can totally understand why. The 4 hour chart is starting to look good and if btc can hold these price levels we can expect btc to test the higher resistance area's like i described in my previous Idea. However when i'm looking at the monthly LOG chart i can see that we actually didn't...
BTC can go up a little with support XABCD Pattern Now BTC have downtrend strong and BTC can go down to 9350- 9500 Then BTC can bounceback I think btc can go up to 10200 If BTC crash 10200, We can hope BTC go up to 11200 But when BTC don't crash 10200 we can see BTC go down to 8400 Thanks
The correction could be completed if the main support line is tested again. It could hit the MA200 (D) (8400) or not so low at 9800 - MA150 (D). If we break the resistance line at 11200, a further direct up is still possible. Let's see what happens. Happy trading. :-) See also:
Overall bullish on BTC. A potential invert head and shoulder pattern forming. BTC seemingly creeping higher although there are some hurdles in front. The volume will be a crucial sign of confirmation.
Bitcoin has been going strong in the last few days, which is awesome. Late January I had my expectations set for Bitcoin to start stabilizing by mid-February. Later I updated this "prediction" to mention stabilizing and / or going up by mid / late-February. We will see how that goes. Bitcoin has been doing good lately, but we are not "there" yet. I am waiting...
Hello again students, teachers, wise ones, young and old. I am back with some new tools and different styles. For this brief analysis, we will be looking at the day chart to see the Ichimoku indicator better. I am not going to go through EVERY part of the Ichimoku, but it is a great combination of displaying past and current trends, as well as future movements. I...
Hello, my friends. Yesterday was a great day for Bitcoin traders (especially the ones whose joined Cryptocurrency investments in last month). The black line here shows our last chart, where we identified and clarified a downgrade channel in Bitcoin prices. If you follow us and bought near the channel support zone: congratulations, you earned good profits. Good...
Wave 4 Wave 3 Explanation of extensions/target/invalidation level: -Wave 5 (blue) of wave 1 (red) 1:1 extension is a measurement of 0-3 added to 4 -All wave 3 extensions are from 0-1 added to 2 -Wave 5 (blue) of wave 3 (red) is a 0.618 extension of 2-3 added to 4 -Target ranges from 0.618 extensions of wave 2-3 added to the current low of wave 4 (red) which is...
Hello my friends, with this example I will shortly explain why many famous and very successful analysts fails to predict the cryptocurrency markets. They do not take into consideration the asian whales. There are tens of examples about how the market goes into a direction every day at same time and stops its direction after 12 hours. The vast majority of the...
BTCUSDT is breaking TRAINGLE and forming very good formation to go UP! Moon ATH? Probably Yes.
We seem to be seeing the wave plane as the wave B - the components of the wave 3-3-5, now the final wave of this plane is formed, after which a powerful wave of 5-3 will come down, we will follow what is happening and update the idea as it happens. Subscribe to not miss anything.