We are looking to add / buy in support levels. We are looking to sell in resistance levels. We can also enter trades once downtrending resistance is broken and ride to the next support/resistance level.
Easy to spot triangle pattern. I think we could see a bounce now but it will eventually go down and crash hard. I expect the bounce at the lower bottom around 8200 - 9500.
If it successfully bounces now I doubt it will surpass 13500. Use that bounce to get out of the market. Don't be one of the ones left holding the bag!
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Let's log this chart and take a look at what BTC did before it became mainstream, and how far we could potenially go in 2018!
I have waited a long time for this, but yes, Bitcoin has become mainstream!
Fundamentally
Everybody around me is talking about crypto now, and not only Bitcoin. More and more are engaging slowly with the space.
Now this happened...
Three bullish signs:
- MACD 4h about to cross up.
- Godmode indicator also about to cross up.
- RSI higly oversold and about to break that line upwards.
Also the last few days have been nothing but senseless FUD. If Korea closes or breaks down on exchanges, users will just move somewhere else. That's why BNB (Binance Coin) has been pumping lately I think.
Price...
This broke on the upside.
I would take caution as the Descending Triangle is generally a bearish pattern.
I guess the triple bottom at 3, 4 and 6, or A and C of ABC elliot wave correction attracted some buyers and buy volume came in.
Descending triangle generally means demand for an asset is weakening as price fails to establish higher highs.
Price crossed 50,...
Analysis of BTC forecast based on channel described and fractal growth. Next target for now is 42k usd with a little correction to 28k or a major correction to 20k and after 166k usd with a big correction to 40k usd and finally to the moon above 1 million and to the floor passing a deep depression for some time to repeat all again and again. If follow the...
Take a look at the chart.
I see 2 possible scenarios playing out.
1. ABC Correction. we can be moving downwards in wave C and be heading to next support around 9K.
This would be good as we would close our position and get ready to re-enter as we catch the bottom and see bearish exhaustion and ride Elliot wave 12345 upwards, as cycle starts. This should go to...
Once again have a near to perfect setup for an ABCD pattern!
Therefore, IF 12,900 is truly the bottom of this leg, we should see a leg up to 15,000-15,500 none the less.
IF BTC fails to break past 15,500 there is a very good chance BTC could turn into a 3 drive pattern.
This could take us down into the 12,000 range before finding possible support.
One...
Hello everyone, this is JoE.
I'm going to short this real hard, 3 red boxes are targets I'm aiming for.
BUT, don't get me wrong, I'm bullish on Bitcoin but this has gone way too far from what I expect it to be.
People are overtrading with margin, investing with borrowed money, some people will die on this one for sure.
I am going to short this,but don't even try...
One second you think you've made a great investment, the next fear kicks in.
How long do we go down before you get scared? This is a continuation on my bubble idea earlier, where I shorted at 9700.
Fundamentals
I have already expressed my thoughts on fundamentals in my earlier idea, please check it out if that's of interest.
Yesterday we had a big drop...
A Frightful Find.
As you can see, BTC has hit parabolic highs. Right after hitting resistance at 11.5k we imminently corrected to the current low of 8815.
Many people are wondering if this correction is over, or if we are going down for a visit to the 100 moving average once again.
Truly I am uncertain.
However earlier today, someone posted a chart in the...
You can feel it in the air! The delusion is magnificent, the hope is higher than ever. Nothing can go wrong right? It cant crash, BTC will take over the world! It's a new paradigm! Only upwards from here, we have exceeded all expectations and the chart screams UP UP and UP!!
If you don't want to lose your shirt, this is the time to stay calm. This is where you...
