BITFINEX:BTCUSD BITSTAMP:BTCUSD COINBASE:BTCUSD i have a high suspicion that a symmetrical triangle is forming... lets see how it works out, accumulating dips...
Parallel lines are powerful. See them here. Trendlines on indicators marked at the points of the two strongest uptrends. Current strength is in the Bollinger Band mid line turning higher and may be powerful enough to punch through the price and indicator resistance trendlines, must do both to confirm a breakout. Another positive is that we are entering a...
BITSTAMP:BTCUSD Clear following of the bat
Elliot Waves Inside Bearish Bat to 12k or ABC to 7k
Hi Seildev here Today we’re looking at BTC/USD pair. Right now it’s at 15825 and we can see some key elements: - Breakout of downward wedge - Respected horizontal zone 13075 has been respected (full body stays above discounting the wick) - Full body candle close above 50 and 100 day EMA - 1 Hour chart current bull flag forming for another leg up - RSI...
Testing my experience with the use of Traders Dynamic Index with at least 2 time frames I suggest Bitcoin price will drop to at least Fibonacci extension levels of 118% and 127%. Around $5,100
I will be in dips on BTCUSD . My reasoning on why is on the chart ( Speech Bubbles ). If you guys received any type of value from my analysis Like&Follow! If you have any charts you would like to post please do so! Thanks.
BTCUSD Seems to be in a 3rd wave of a larger 3rd wave. Check out my view on things and feel free to leave your insights in the comments.
BTC/USD bearish, expected to meet key support at 3500. If support holds, we expect to meet resistance at 4388
BTCUSD D1 is good for buy right now
According to Fibonacci Retracement & its corresponding Fibonacci Extension, IF the $2,200 was the lowest for price to go from which price continues upwards, then the price will rise to at least $2,900 with time while being resisted even by $2,800. Entry is Long is best when & at a retracement dip.
Our preference: possible rebound with 2750,87 as objective. Alternative scenario: the depression of 2477.93, will trigger a return on 2378.49 then 2319.29. Comment: The RSI is under 50. The MACD is greater than its signal line and negative. The configuration is mixed. In addition, prices are under their moving averages 20 and 50, currently at 2565.81 and 2582.59.
You see I circled areas the RSI (Green line) bounced off and signalled bull trend continuation off of level 50, & price upon Supertrend line (green price line support) (June 1-4, 2017) I believe price movement is currently most like that of June 1st. Price will continue to rise as Traders Dynamic Index signals continuation on my chart only, because the indicator...