open long position 7930 , minimum profit 1.20%
Bitcoin is pretty much harmonic in past few month. Many Bat and Gartley patterns are successfully printed on the chart. This time bitcoin is showing the formation of Bat pattern which is mostly likely to touch two very important levels 11300 and 12000. Intresting facts is that last two pattern printed by bitcoin are both bearish patterns which is holding support...
a correction is overdue this rally of BTC was just mind blowing and what we should expect from BTC. But after a good rally comes a correction which is headed we expect a 25-30% correction and even more this and next month period of time. and also we have our stops as it is BTC. and in this period of time alts will rally good so hodl your alt bags.
There's multiple realistic options that I can see happening but these two are what I'll be looking at. We bounce off the 22 EMA go for a retest of the short term top. We will see either a rejection (red) or bull break (yellow) with bulls targeting the meme number of $15k. From there it's anyone's guess as to what will happen. Personally, I feel a consolidation...
Bitcoin long term analysis. You can see my whole setup from the all time high. It might be too chaotic and messy to see, sorry for that. But if you know Elliot wave count, I do not think there will be a problem. After the all time high I suppose WXYXZ full correction happened. Before finishing the Z wave $6100 area was holding the price very long time, but when...
Well you can't say you weren't aware that today's red candle was coming. All the signals were there and I tried to put them into context for you: Either with the 1D RSI - or - The 1D MA200 Today is no different and I have another indication showing why I am waiting to buy more lower ahead of the new bull cycle. On the 1W (weekly) chart, the RSI reached...
We see the global Triangle formed on this awesome coin's price. It's new, we see nice volume entered and left during autumn of 2018. Now, using Fixed Horizontal Volume, we see obvious volume accumulated near the bottom line of triangle, that can't be avoided by experienced trader. BUY ZONE : 20600-21200 Why here? Bottom line of the triangle, huge horizontal...
Although the Fibonacci Channel says it is, since the price is currently on the support, Bitcoin's historic price action shows that the parabolic curve will continue to dictate the direction, until it breaks (either way) or becomes asymptotic. We can't yet confirm those scenarios. What we can confirm is the behavior before each Halving. Halvings tend to initiate...
We are getting support from the 200 days MA on BINANCE:LRCBTC Targets are on the chart. Good luck! © Romaniatrade 2019
This my update from my latest BTC update (you can get it here: ). I wanted to do it in a higher time frame which is 4HR and before was 1HR. As the boxes is not relevant right now but the RSI level and 2 others indicators are looking pretty bullish sign at the very moment. Including the price action supporting so. There will be a 40:30:30 for my...
Earlier I posted about the formation of this symmetrical triangle. As of right now we are trading on the .236 and the edge of that triangle. Failure to support at this level will result in $6000 possibly $5300. I find this rather difficult to believe it will happen. This trend has been very strong. That mixed with the thin Ichi cloud approaching makes me lean...
BITFINEX:BTCUSD Past Trend Bitcoin has finally passed through the bearish market and is now in the clear for a bull run, the entire crypto market as of now is seeing green across the board for the second time within a 7 day time frame. Bitcoin has also crossed all 3 moving average time frames that which I typically use (25,50 & 100 periods). This is all...
Negative viewpoint on BTC as lower highs continue along with MACD crossover to the downside and RSI moving to oversold levels1
If BTC-USD closes above the blue trendline, there will be a bullish signal with the target area at 7,530/7,615 and the stop loss at 6,050/6,060.
Hello cryptobabies, welcome to today's amazing analysis. The correction came in at a low of 8659. I had limit orders set at 8659 with two different exchanges and am sitting nicely. The descending wedge broke out and BTC has now definitely finished retracing the 4th wave and as planned in 5th wave right now. As you can see the 5th wave will itself comprise five 2...
Hello cryptoheads, whats up? I told you I would call back when the correction is near complete so here we are. The wave count has come in text book style with nice symmetry and evenly spaced pivots. As expected the correction will not be deep and is hovering the .382 Fib line. We are still waiting for a fifth and final subwave down to complete the wave series and...
BTC First let me start by saying that some dire warnings made by so called experts are just nonsense and there is nothing technically that should warrant doomsday predictions. Yes the market is downtrending and coming up to some critical levels but they are normal cycles. BTC is a pure fintech product dynamically existing in the market. The 5 wave count up to...