Let's see if this bullish indicator comes through. Support is listed if it does not.
BTC is currently resting on pitchfork 1.75 fib support. I don't imagine it holds, as there is almost zero historic price action in this range. The full extension of the pitchfork is confluent with the .618 fib retracement level, which to me makes perfect sense for a bounce. If this holds, we validate the bullish case for a potential reverse in market sentiment =>...
Assuming we are in wave 4 (corrective wave). RSI and MACD are showing confluence to the downside. We should retrace no more than 6800 to remain bullish. I'm shooting for 7k, then with the trend based fib extension. We should be able to go up to 9000-9700 (130%) extension from 7k low.
Inverse Head & Shoulders set a target around a previous regular H&S target. The Inverse Head & Shoulders Target to about $7800 also came around the top of my HVF Funnel. Once the chart breaks and close above the neckline with strong volume, I will enter for a long with about a 2% stop loss.
Hi traders, as you can see we predicted harsh down from 7800. Our target to go long or to accumulate was 6850 which surpassed as the trend line of the triangle was broken. At this moment we still seeing more downside action towards the previous supports (6000 and 6450) due to: - a pennant which is a bearish formation which indicates continuation for the...
BTC fails at the 50 EMA and the entire market bathes in blood. WELL, idk about you guys... buuuuuuuuuut... I'm pretty well desensitized to this by now. Okay so BTC has fallen, whoop-dee-doo. We've been bouncing inside of this triangle since winter, however, it's coming to a point where BTC will either rise or fall as we approach the precipice of this pyramid....
BTC Low: $8500-8700 Buy @ $8700 BTC High: $11,200 Sell @ $1100 *Only my opinion!
This might be overly optimistic and slightly baseless, but it's just an observation. So I saw this image (i.imgur.com) made in this comment (www.reddit.com) on reddit, expressing skepticism at all the 'bulls are back' sentiment. While I do agree that it's possible and think that people do get stuck in these patterns of thinking, I just noticed something that...
I know the sentiment is pretty bearish lately with the drop at 6.6k for BTC, but to me, it looks everything but bearish! the stars are aligning for BTC, with positive Fundamentals (news from SEC, CFTC, G20, Japan and South Korea) and TA looking good, I am pretty confident that a great bounce is on the way! Stoch RSI and RSI extremely oversold, MACD showing sign...
$8000 - $8100 heavy Resistance possible good place to have an alert ready :) and see how the market plays out from there MACD And EMA look ok for now Still Looking Bullish Shorterm,Lets see what happens when we meet the apex and also if it can stay within the ascending triangle. The Volume also looks promising. Fingers crossed every one HooooHA.. Please feel...
Bears are out of strength though they still seem in control because there are simply no bulls!? That's right. Now there are two kind of bulls: 1. The smart bulls that are savvy investors who are looking for a bottom. 2. The fanboy bulls who were all moon and lambos and then didn't have the guts to hold and panic sold. Now they want to make back the number of coins...
T.A AND F.A BC IS WEAK WE CAN SEE MORE DIP IN BTC UPO 6800-7200 BTC is bearish in larger time frame Sell a 8200 and BuY 69-7200$
BTC is getting fuel for next rally, it's going to swing between the green line and the blu line till it'll break out again. Meanwhile this swing BTC is going to lose a bit of dominance, but after that it will takeover the market again. If BTC break the green line support, it will not break anyway the purple line support. Mass adoption and Lighting network...
The waves are not based on actual wave theory. BUT IT SURE LOOKS NICE DOESN'T IT Points of resistance found via fib retrace: $11400 $13400 $15000 That's a parallel channel leading the way for the impulse wave, and the Fibonacci extensions are conveniently aligned with it.
This is one posible scenario for BTC, I will publish another one.. If we get a good bounce from 7800 -8200$ level, we could asume that wave 3 is starting and it will get a break out of the dowtrend channel. End of correction, But if 7800 Support Breaks down, then we could hit 5.000-6.000$ again, to do a double bottom.. but this is less likely, feel more...