Bitcoin Rally Alert - 28 Day Cycle Rally Alert Bitcoin did Retest the Strength of the Most Recent Low when we dropped down to 7,830, but unlike the last Retest I called Two Days Prior, we did not drop lower than the Previous Low and we are Currently Up-trending in the Same Exact Location of the Bitcoin Frequency Cycle Band that we were in 28 days ago when we...
To be short and to the point: Bullish signs on a number of indicators and it seems AB=CD to be in play. There are 2 targets. Close up on MA's on the 4 HRLY Chart
Bitcoin Drop Alert Advisory Update - Entering Another Retesting Phase ******************************************************************************************* Drop Alert Advisory Update Bitcoin is Entering Another Retesting Phase to Check the Strength of the Recent Bottom, so it will Most Likely Revisit the $7,740 area and if it Drops Below the Recent low,...
Hi guys if my EW last prevision wound up to be good, i see a potential drop to around 7290$ 7300$ region where daily MA 200 and 600 are crossing right now, also it coincide with the golden pocket fib retracement :-) ! Let's not be fool the same fake patterns happened june 24th and june 29th 2018 with a double bottom... and after we seen 6 highers lows in a row......
After failing to break our blue dotted line resistance after many attempts, we have finally broken our S1 and S2 supports with a huge sell candle and have reached our next price action zone(green rectangle S3,S4). There was no bounce on our 200 SMA (red) and is struggling to hold as support. If we struggle to get a bounce at these levels (S3/S4) and S4@8000...
BITFINEX:BTCUSD The price is expected to fall........ Be careful. We can go straight down to below 7000
Hello my friends. It's Cryptoranger K. BTC also fell more than 12% two days ago. As of today's chart, the candle seems to be supporting the 200-day line. Some experts are expecting a rebound here. I think a little different.
Drop Alert Advisory - Bitcoin is Retesting the Recent Bottom Bitcoin is Currently Entering into a Retesting Phase to Check the Strength of the Recent Bottom, so it will most likely Revisit the $8,000 area tonight or tomorrow and if it drops below the Recent low, expect an Abrupt Drop Much Further Down; Down to the June 6th Low of 7,830, and as low as the May 18th...
I have placed markers and areas that I'm watching to give me clues as to the medium to macro moves. Note: Key fib levels + support and resistance lines. As for indicators, RSI and Accumulation\Distribution levels, using previous history as a reference. These to can give bullish or bearish divergences, for shorts or longs. 4 HRLY Chart
For now, I see this happening. Reasons below> Previous posts that support the bearish argument:
I was asked by a fan to post more educational ideas to enrich his learning experience. This one is for him - my in-depth analysis of why bitcoin is heading down using two of my favourite technical analysis tools - Fibbonacci and Elliott waves. Before we begin, to clarify Elliott wave terminology: - ' Grand Super Cycle ' degree is usually found in monthly time...
The more Bitcoin plays out, it seems like the bull run that people are waiting for has already happened. Following the blue trend line, it seems like Bitcoin could be heading into another bear market which will see Bitcoin sell off to $5,000 area. Its a higher low than last time. Reality is, greed comes plays a part in this as well when in reality the bull may...
Peter Brandt tweet ( twitter.com ) One thing I have learned from 45 years of trading: Markets have a tendency to do what the most number of market participants least expect and don't want to happen. Descending triangles are most often bearish. *********************************************************** What do you make of it?
Updating the previous post with more confluence detail.
Trying to find out where the next major time resistance zones may lie by using the break below 6k, and the break above 5k for the time fibo measurement. The 1.618 trendline falls precicely on the local high (end of June), also the 1.272 falls on the candle that broke above 6k. This makes me beleive the next time fibonacci trendlines will play a role in bitcoin's...
A number of harmonics can be found all over the macro formation. This next move can be the final one before the main breakout. It has confluence with the 21 Weekly EMA? I have it around 9300 for Bitstamp and Binance Everybody is anticipating what that is... no-one knows but one has the feeling they are all loaded up on cash. I have a theory, ALTs sooner or later...
This Divergence hypothesis is just that, a HYPOTHESIS looking at the Daily RSI chart pattern and what or how it develops (not to be taken seriously). However saying that, today, I looked at the RSI more closely and found some fluency in the pattern\s. Interesting at that. Guessing what will come is just that, but the historical formation with both price and RSI...