Bitcoin Cash has exceeded expectations. Reaching a stunning 2800 USD high! But beware, there is a ticking supply bomb on the horizon, and it's a very dangerous one. Fundamental Bitcoin Cash will not be the new Bitcoin. Their solution is short minded and BTC will keep the throne. Not going into detail about that subject now though, I expect most have their...
Tom Demark count gave a green 2 on the daily chart. This is a clear buy signal. On weekly chart we are at green 9. Which means this is the last week of uptrend. I expect the bull trend will continue for up to 7 more days till we reach 10K. At 10K we will have a mediocre correction. 10K is the psychological level and many people will take profit at that...
Currently we have a red 8 on Tom Demark count on 4H chart. This means that down trend will be over in 4 hours. On weekly chart we are at green 8, which means there will be 1 more week of uptrend before possible bear trend starts. On 4H Chart, Stoch RSI is oversold which is a clear buy signal. Also we have hit the lower Bollinger Band area, which is a clear buy...
BTC could not break out in the bull trend and bearish trend has started. Tom Demark count is currently red 5 on the hourly chart. Which means we will have up to 4 more hours of bearish trend. Scenario 1: Price will drop till 7475 support level and bounce from there. Scenario 2: 7475 will not hold and price will drop till Fibonacci 0.5 6945 Here are two trading...
Tom Demark count gave a clear green 2 on a daily chart. This means bear trend is over and bull run has started. According to Tom Demark count we will have 7 more days of uptrend. Oversold Stoch RSI and Fibonacci confirms this. I expect 2 scenarios in coming 7 days: Scenario:1 Price will go up till 7500 resistance level. Scenario: 2 7500 resistance level...
Bitcoin is in the territory of burning out the last of its fuel on this bull run. With the recent bearish Tenkan/Kijoun cross on the 4H, the slowing momentum on this recent bounce off the upper 0.5 (green) pitchfork line and the lack of strong overall bullish sentiment, price looks like it will return to the lower 0.5 (green) pitchfork line at the 0.618 fib/200...
As you know, I do not short Bitcoin often. I wait for an opportunity for a re-entry and always make long positions. According to my analysis, bull trend is over and price will drop. You can either short BTC, or wait for a re-entry position for long. Tom Demark count gave a green 9 on the daily chart. This means bull trend is over. I expect up to 9 days of down...
Tom Demark count gave a green 2 on the daily chart. This means we can have up to 7 more days of bullish trend. Stoch RSI is oversold, this also confirms the upcoming bull trend. Wall Street's interest over Bitcoin is rising. There are now more than 120 hedge funds focused solely on bitcoin. I expect a new ATH within 7 days.
Targets in place, waiting game begins! 8K our ideal short. As you can see trading range is between 6255 and 8000 USD for our top. The higher the more likely it will end there. Daily MACD will start to cross also somewhere in the near future, something to watch.
Thoughts?
Beautiful cup and handle setting up on XBTUSD - could see a potential bullish run soon. Thoughts?
Short term reversal possibility for it's next movement upwards .
First and foremost the bear trend formed from the recent ATH of $5000 to the low of $3000 has been broken out of. This is a strong indicator of the commencement of a new bull trend. The initial bullish rejection from the trend low and then consolidation leading to a breakout is of the exact nature of the beginning of the last bull trend taking place from July 16th...
Looking for BTC to pass the historic structural resistance - if we do, we should see ATH tested . Thoughts?
Stoch RSI shows oversold on 1H chart. Tom Demark count gave a red 8 (shows end of the bear trend). There is huge support at 4150 area. In 2 hours we might touch 4150 then bounce to 4323 resistance area. Wait till we get a green 2 on hourly chart which is a clear buy signal according to Tom Demark count (green candle closing over 4225) Long at 4230. Take profit...
This bull trend shows the exact same pattern like the previous one. If you look at the Tom Demark indicator and Stoch RSI it is clearly seen. Tom Demark count looks almost identical. Stoch RSI looks overbought now, just like the previous breakout run. It is quite possible that it will make a M shape like the previous one. If we close today over 4383. I expect a...