The bear although in temporary control for next few days, seem to be steeming off in the global picture of Bitcoin. Long term BTC analysis, seems to suggest the red path. Breakout expected around 6-8th Oct. Accumulate as much as you wish. See you at 18K. Or what do I know? Stop loss only if BTC falls after 8th Oct. Not FINANCIAL Advice! Probably a Moon Advice!
As we can see on this chart; if we consider that bitcoin is forming a falling wedge ( watch my previous idea), it may reach 9800 $ in a few days or weeks. It has more chances to hit 61.8 % of Fibonnaci which represents 9363 $. If it goes higher, it will hit 9808 $ according to the Fibonnaci (78.6 % of Fibonnaci.
As we can see on the chart $BTC is forming a huge falling wedge , which may, potentially end when it hits 61.8 % of Fibonnaci (7200 $ )
As we can see here , BTC made a breakout the little triangle that it formed the last few days. It's now going to reach a strong resitance and bounce because, a descending wave has to be in 3 steps: A fall, a pull back (1) and a last fall. Why the 7200 ? Because it represents the 61.8 % of Fibonnaci, most of the corrections end when this level is reached. Then $BTC...
alright. it dropped. made an ascending triangle, and dropped to support. so it looks like this, but...i am thinking more about going up to 10950 until next 23rd. as mentioned, everything in plan, 3d ichimoku support is very strong. so i think, since it is supported by the cloud, and also closing above conversion line, it will test the triangle resistance...
Speclation about BINANCE:BTCUSDT is always confusing for a new comer to understand what is going on in the market ? To be frank, thats make this amazing cryptocurrency a pain in the @ss for traders. You cant predict whats gonna happen next. From my analysis, I believe there are two possibillities, Bull Run and Bear run >> BEAR RUN If the Price breaks down...
We can see a re accumulation between the middle and lower bb band,the price is making higher lows and if you look the 3d chart there is a hidden bullish divergence, there is also a 4h bullish divergence and almost all the altcoins just bounced from the 50 D Ma and look very bullish.
Bitcoin Price Prediction 19-04-2019
swing-trading-strategies.com Have a look what is a inverted head and shoulders up !! Now let's look at our chart and we will have: neckline to beat at 3200 Don't expect that chart patterns will look exactly one like the other ... the point is to understand where price hit when it goes down and where price hit when it goes up : According to Fibonacci...
I think we will see again a short buying series :) RSI over 50 , macd looking great, graph shows good ... so let's see !!!
Keep and Eye in this chart, we had fake breakout above downtrend in 2014 then a sharp drop, today's will be equivalent to go about $8200 then a drop close to $3056 on October or November, after that, long accumulation period up to first half of 2019, then bull run starts For this chart to cancel we need to close above $8200 in a weekly chart.. I don't think it...