As stated in my update yesterday Bitcoin had room for downward movement which is what happened today it dropped to 7300 USD price range however the trends have impulses on when going on a bull run which I like using in my analysis (can be seen in my previous charts) so when having a downward pattern, a retracement, it should have impulses which is what I have...
Price The bearish impulse at the beginning of the day continued the three-day series of falls, 100 dollars a day, today medium price is 7100. Price holds on to the Bearish Trend Line and already lost 30% from the 10000 testing at the 2018.05.05. Slowing day by day downward momentum possibly could be the sign of oversold market, the 7000.0 level would be a logical...
Bitcoin is continuing its correction and we should be hitting the bullish divergence soon at the price of 6900 USD after which we should see Bitcoin starting its next bull run and this time we should be hitting 11500 USD at wave 1 and this time we will be out of this trend and looking to hit our HTC of 20000 USD and by the end of the year we should be making new...
Straight into it - BTC/USD - If you refer to my chart from over a week ago when I set bearish targets for BTC -https://www.tradingview.com/chart/BTCUSD/PBHPJles-BTC-USD-Bear-Flag-Muddy-Waters-Potential-Bounce-Zones/ BTC/USD - Rough and Tough times although this was expected in the sense that we have been testing key resistance levels. This was vicious and its...
Imo these markets works like normal stock markets, but in shitload of steroids. So we will see new cycles and fractals formatting more faster and getting bigger. We will see new bullish cycle this year, proly starting now or later this summer. It is getting critical for cryptocurrencies to get adapted in someway or we will see huge bubble that will proly break...
I think wave (4) is near complete looking for a marginal high before price falls to retest the lows.
After the selloff from Korea's UPbit Exchange FUD, combined with the further Mt. Gox whale dump, the Consensus 2018 event has given BTC a very small pop which hasn't seen much follow-through. We can see that Bitcoin initially bounced precisely on the white 50 fib/black 618 fib before getting rejected back down by the black 50 fib and prior structure resistance at...
So one of the bad news for the past few days is that Bitcoin has left our trend of MACD Compression (look at previous charts for explanation of this trend) however it looks like it is going back again. When I started looking at the general trend since the correction was over and we were on a Bull run, Bitcoin has really been going up only and the correction we...
Something interesting... If you check the log BTCUSD chart, you can see how the old 20K trend line and the lower trend line on the wedge meet a little too perfect at almost 7K. This is, in my opinion, the point with more probability to observe a bounce, as we have two strong support concentrated in one point. Keeping in mind that in the end the market will decide...
The chart above shows a possible cup and handle scenario for Bitcoin. - RSI looking more and more bullish each day. - 6.5k double bottom already complete. Let's see how this plays out.
BTC started recovering in the middle of April and now is crawling up day by day. The price touched $10 000 level and went back. We analyzed the situation and found that there were such situations in various time frames in the past. There are multiple Gartley butterfly patterns that are followed by a decrease when price during consolidation breaks through Ichimoku...
Hello guys, I've just noticed a possible head and shoulders forming for Bitcoin. For the bullish whales to stop this dangerous head and shoulders from happening, they must cause the price to go down right now, and to thus stop the right shoulder from forming. They could also opt to form an inverse head and shoulders which be an extremely bullish sign to the...
So a lot of people said we are gonna see a Bull run to 10500-10700 USD, however that didn't go well as the market decided going steady which is because in my opinion, there is big fight between the Bulls and the Bears, the people who wanna bring the price up and the people who wanna bring the price down, so the bulls are not strong enough to bring the price to...
Bitcoin hitting resistant zone now it either break it or break down more likely to follow that path drawn buying area in green box around 5000 area Lets see what's gonna happen
We could try again to break the very strong resistance line coming from 20K! Lets watch it!
So since yesterday evening Bitcoin has been on a bull run but what happened next Bitcoin started it's retracement as most of the traders suggested which is still good even if it exits upward trend line, the fact that Bitcoin is on a bull run is still possible as it has been constantly increasing over the past days and needed a little bit of retracement. I am still...
Price Yesterday BTCUSD has broke above the lateral channel, pushed off the 8300.0 level and now is testing the 8500.0 resistance. Judging by the distribution of today's volumes, major volume was traded right above the 8300.0 level, but on the 8500.0 level volumes also rose significantly; that could be a positive sign for bulls. 8300.0 level should stay strong for...
Bitcoin is sliding on the upward trend line and next price increase to 8600-8800 USD is expected however this resistance wont be a hard one to break for Bitcoin. After which Bitcoin will move to next resistance which will be 9200 USD. After hitting this resistance, I think 12000 USD wont be far away.. Good Luck traders!