Buy above 17541. Stop loss at 16450. Take profit at 20300. Reason for the trading strategy (technically): Bitcoin has risen further and is starting to see an intermediate reversal. We expect a drop towards the 17000-18000 area as we look to buy above 17541 (Multiple Fibonacci retracement, horizontal pullback support, support area) for a bounce and a push up to...
Buy above 11887. Stop loss at 10446. Take profit at 15221. Reason for the trading strategy (technically): Bitcoin’s price has continued to rise strongly and it also continues to obey strong technical as seen in our various Fibonacci retracements and projections. The recent swing low that occurred at 12720 was purely a 50% Fibonacci retracement and 100% + 161.8%...
Bitcoin has held 9k in the end. It struggled but it did. The following analysis is about what happens if we break below 9k. If we don't break below 9k and we break 10.3k, we are going above 12k. I still believe Bitcoin isn't in a Bubble. It is a unique asset that is here to change everything. 160B dollars isn't that much. Below I have posted a chart from the OKex...
Inverse head & shoulder is completing, likely tonight. This will be followed by a rise to $9926 or better within the next few days or possibly overnight after the rally begins. Also, black lines denote the current Bull Flag, showing a target at around $9200. Inverse H&S looks stronger and I believe if we actually break $9000 in a rally, we'll be pushing up to...
Strange Huh. Me posting an idea on BTC. Let me be clear with one thing this is first - the only - and last chart I am posting on BTC for Testing Purposes. I just like to research things, and test different stuff! As well I will not trade this myself and I never will trade Cryptos. Gold is the only real money and has been for 5k+ years, and when the real Fear comes...
As you can see the downward trend is getting slowly with the support of the purple track between Fib 50%~61.8%, aslo the technical indicator is showing the bear is out of it's power, so, if we can got a big green candle with large volume, that would be a perfect signal for trend reversal, and I will see if I can find some good chance for long. The small flags is...
There is a triangle on the daily chart . Could break at any moment and it'll go to US$3300,00. The pattern already appeared another times.
Perfect inverse head and shoulders here with price on the bull side of the 1.0 fib trend line and 50/100/200 SMA/EMA.
Finally the Cycle wave III top has reach 2.786 on Fib rate with the depth of Cycle wave II, and now we will have a right hand chance for short, be prepared bears, Let's ready to roll.
This chart will be fail if: 1. BTC go through $2800 in next month 2. Cycle wave IV go below $1166 Good luck. Maybe easier to see with this one:
The blue line is price trend of futures on BTC(OKCOIN:BTCUSD3M), the candle is the price difference between futures and spot(OKCOIN:BTCUSD3M*USDCNY-OKCOIN:BTCCNY), as you can see, some guy is buying BTC on spot market and open short position on futures market since May/10th, and this big guy has do it with serious for 3 days, I think this motherfxxker definitely...
Same bubble. Wait the chance for short with your patient.
There are two similar structure in this chart, have you found it? Good luck.
Bitcoin has recently headed up into major resistance (0.618 Fibonacci resistance line, 0.382 Fibonacci speed resistance trend line and the inside bottom pitchfork line) in addition to an evident loss of momentum (culminating in the most recent bearish divergence) on the Relative Strength Index 14 that has resulted in a trend reversal with a pending bearish kumo...
Well, with a nice rebound of BTC, now we can start to wait for a good chance for short. And always be careful to open the first position!
How you can see btcusd okcoin futures in a channel, between Murrey's line 4/8 and 6/8. Daily MACD under zero line its still bearish. Break up or down the channel will be powerful!