We are about to see the strength of the historically tight BTC 12 hr bands that I have written about previously - We are now approaching the top of pendant. Watch for 9400 break and full send upward
Good luck guys. I really think this is a bullish direction.
YOU SHOULD GO ON THE HOURLY CHART AND IF YOU START SEEING A LOT OF GREEN CANDELSTICKS APPEARING, THEN IT IS A VERY GOOD SIGN FOR THE BULLS BECAUSE THIS MEANS THE PRICE OF ETHEREUM PROBABLY WON'T GO BELOW THE 355$ ( YELLOW SUPPORT LINE ). HOWEVER, IF ON THE HOURLY CHART YOU SEE A LOT OF RED CANDLESTICKS APPEARING, THEN THERE IS QUITE A CHANCE THE PRICE OF ETHEREUM...
Using the previous pattern on the downward trend this is just an idea of what could happen over the next week or so with bitcoin.
A 1D overview of Bitcoin's recent history against the US Dollar on Bitfinex. Put simply, I'm not making any entries until price is back above the 21-day MA. This is my master chart layout and includes all of my frequently used indicators and conventions.
Bitcoin 203-27-2018: Bitcoin is going on Zigzag Elongated ABC corrective wave; Wave C went correctly to 161.8%. However, currently we notice that there can be two possibilities may happen. - Possibility 1: Bitcoin’s corrective wave seems to have ended, and Bitcoin is going into an up trend (purple waves 12345 shown in chart). - Possibility 2: Bitcoin will...
lets see how papabtc will go from here
Anywhere between $9,050 to $9,150 would be a great conservative area to entry a short position. In fact, I would say if you were aggressive and willing to take more risk, you could even start scaling in right now around the current $8,950 level. The daily 200 MA is currently sitting around the $9,150 and should be a major area of resistance. Especially given...
A more recent look at VPVR with the visible range dating back to the beginning of February. OBV, RSI and DPO are also included.
An example of using the confluence of a major VPVR level with a trend line breakout in order to place an entry.
Dear Viewers, Welcome to my first TA on Tradingview. Let's get right into it ! As we can see, bitcoin is still in a Bearish mood, we can see that thanks to the RSI still being under 50 and the MACD is about to cross downwards on the daily charts. I hope you tethered out before this bearish mood started, there is a possibility that bitcoin drops furthermore...
Bitcoin appears to be at a critical juncture. Up, Down, Sideways? Those are the questions. Many believe, or hope, Bitcoin is preparing for the next springboard up above the top of the resistance channel. (Top Pink Line) Of course from the beginning of this correction / decline this is the 3rd major attempt that has been rejected so far. All previous...
$BTC still within descending channel. $8800 - $9200 target over the weekend for my shorts unless a breakout can be sustained from the descending channel.
Tom Demark count gave a green 2 on a daily chart. If today closes over 4480, it will be a clear buy signal and we will have up to 7 more days of bull trend. This means ATH is possible sometime next week. Enter: 4480 Take profit: >5000 Stop loss: 4100