The price found support at 10,000.
Currently, we expect a correction and a continuation of the upward movement.
Locally we recommend to consider purchases from levels 10200,10300,10400.
The target for wave D is 12,400.
Long the dip between $3,900 and $3,950. Ladder if you must but risk no more than 5-10% capital.
Sell a bit on the breakout, then buy the dip once the breakout retraces back to the neckline AROUND $4,127.
Why do shorts keep closing?
Why do longs keep piling in?
Why do we keep getting darth maul lightsabers?
Why are we ignoring hidden bearish divergence in the...
Welcome to this update on the most accurate Bitcoin analysis on TradingView :)
This is a follow up on my previous idea regarding further BItcoin deterioration which will happen in the coming days, see previous idea at:
So far, Bitcoin...
Ladies and gentleman.
Who would be easier for exchanges to liquidate/stop hunt?
Deep longs from $3,100/$3,500, or brand new EUPHORIC BEAR SHORTS?
I'm here because I believe I can give you the correct answer.
April 12th 2018, I called $6,755 as a potential reversal point for Bitcoin while in massive downtrend.
Less than 6-12 hours later we went from ~$6,753.60...
Bitcoin price correction continues.
In the main variant, we expect the price to decline to 10,300 and the beginning of the growth of quotations to 12,700.
Also, an alternative variant began to appear in the form of a triangle formation in wave B (Minute).
In general, we recommend looking for purchases, but do not forget about sales.
The price continues to rise in the estimated C (Minute) wave.
We expect a local correction.
We recommend looking for purchases from 12000. Target at 13000.
Sales will become relevant when forming a reversal pattern (marks in red).
I'm an amateur. I started this journey December 26th, 2017 at 5:06 PM.
Yep, I bought (damn near) the top.
Yep, I've lost a lot of money.
I've learned a bit. Have you?
Take a look at 2014. Anything look familiar?
Not one person to my knowledge has spotted this.
Not saying this is GONNA happen.
Just saying that it can and probably will. :^)
After those "spoofing buy and sell walls by end of major holders in front of us is Bitcoin main resistance level (8000$), which is crucial and that will most likely be trend reversal point.
All the levels were eaten so to speak so far (despite we uptrend from 3156 to 8300 at peak on Binance) which is actually 263% without single " serious correction" now its the...
200 weekly MA - bottom, reversal
40 weekly MA - major dips during uptrend. good place to "buy the dip" or look for a stop-loss
20 weekly MA - minor dips and corrections during uptrend, follows the price tight
dotted curves - possible top of next bullruns
ascending triangles - market cycles. horizontal trendlines based on 1M/3M candle open/close
Timing is a beautiful thing, isn't it?
So is psychology.
This entire time I've had this funny feeling, that Bitcoin isn't done retracing from its all time high yet.
This move was WAY too fast, and it came on the heels of some extremely bad Tether news.
Why was that ignored? Why did everyone turn a blind eye to ADMITTED FRAUD and manipulation?
Dollar signs. Bullrun...
I'm not sure if we'll see an 84% drop like last year, but it's so obvious that we need down correction.
If you take a look at the chart, it's formed the same pattern. I believe a major fall is pending.
After the breakdown / touch of the level of 10500 should be sold from 10900-11200 with targets below 9700.
Do not wait for long-term market corrections. The current wave C of (4) will be fast, like Space X rockets:)
At the moment, the correction for wave A (Minute) has begun.
At the end of the wave B (Minute) it is worth considering purchases with a goal at the level of 12700.
The proposed downward correction model is a zigzag.
The price of bitcoin is not happy with good price corrections, but this is not a reason to be upset.
The market has enough trading opportunities every day.
As before, we expect more acceptable levels for confident maneuvers.
We still see clear signs of a downtrend decline.
We assume a wedge-shaped end-of-growth model.
It is also possible the emergence of a clear divergence of prices and the MACD indicator.
In the next 2 weeks, we expect strong bearish sentiments to appear on the market!
We recommend closing all purchases when the price breaks through the level of 8300,...
This screenshot shows the trend angles. For some reason upon publication the main chart on this idea doesn't display them correctly.
Please note the above idea is just my opinion.
Please discuss yours. :-)
I have previously published the monthly chart for BTC USD.
This one is based on the weekly chart and gives more in-depth insights.
First Lower low from the peak is what I have mentioned.
The chart explains everything based on fibo retracements.
Let me know your thoughts.
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