This is a followup video to my previous post about investor psychology affecting the price of Bitcoin based on what has happened in the previous market kill zones.
So we have all been sitting by pulling our hear out trying to figure out what has been going on with Bitcoin over the last three days or so. We came so close to breaking the neckline for an almost perfect Reverse Head & Shoulders setup that would catapult us into a solid bull market. BUT, that didn't happen! Instead we have been dumped on by major whales,...
A clear cup and handle formation is formed on the BTC chart. The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup. This brings us to 17224 level - which is also a huge resistance. Tom Demark count is currently green 8 on the daily chart. Which means we can have 1 more day of bull...
We are back in the channel, we really don't want to end the day still in this channel. Using the tone system the daily chart has given us a bearish entry to a possible 9 count.
BITMEX:XBTUSD So I've noticed BTC does a rally, then retraces back 38%, been 3 times now. A big bullish signal would be just stay on the 23 level, but nothing says it can't reach the 38. Price action seems calm, except for market sells, which further make me think we may revisit 10700, where the 38 is. I expect another great rally after touching, if there is...
Good afternoon my people and welcome to yet another magical trend analysis. Let's get right into it! *CHOP CHOP CHOP* What?? Am I hearing the sound of scissors cutting the price of Ethereum in half!? 50% off on ETH you say?? That's right ETH follows BTC path, the 2 are like twins with BTC being in control. Bitcoin is currently doing a 5th wave to $4700 and...
Hi, Friends! BTC moving in slow pace, trying to reach resistance. Until now bulls in a control of market. Retracements are weak, and price on 1h timeframe following EMA50 (blue one). Key levels are 11850$ - 12000$ Possible retracement zone 11000$
Good news is that down trend resistance has been violated. Bad news is that as this TA posted pinbar (almost a doji) candle is forming. Those two facts present a mixed signal. If you don’t have much time to read, mixed signal means stay where you are, if you are long stay long, if you are short stay short. This TA is one of scenarios I’m watching closely, where...
Im waiting to go long on the break out or on the last low before BTC go bullish again !
let it close above the 13 ema 1st appears to be a perfect 5 count down. ..basxed on this u can target the 38 fib which is basically known as a dead cat bounce so make sure you take profits as it may head lower notice the rsi starting to climb and bulishly diverge ..peace taking this trade on bitmex on 10x leverage so 20% is 200% profits
BTC moving near Downtrend Resistance, trying to Fix above it. I show Daily and 3h timeframes. Wait for price action in White circle. Good luck with your trades! Feel free to ask a questions.
Two falling wedges - both looking like fractals. Just different sizes. Falling wedges are a BULLISH pattern.
We are seeing a bull penant and a falling wedge on H2 while #BTC attempts to form the left shoulder of Inv H&S. Possible drop to ~10.1k before a jump to 11.5k+ in my opinion. Comment your thoughts,and do make sure you follow me on twitter(twitter.com) for latest updates on alt signals and promising ICOs
What appeared to be forming as a bull penant on H1, ended up with an ascending triangle. Little volume push can see BTC finally breaking 10.36-10.4k resistance. Next stop imo could be, 10857.5 USD. Comment your thoughts.
In this chart, we can see #BTC still in a falling wedge , while possibly forming a triple top in parallel. I think, we could see BTC 1.04% hit ~9850 to form the 3rd top before dropping to the support. ~8951 USD. Comment your thoughts and correct me if there's a room for improvement. Thanks