Hi guys,
im sure you have all been glued to the markets like I have, if you have, as you should be, you may of noticed a spicey reverse head and shoulders pattern emerging... Do you know what they normally indicate? yes, thats right!! A trend reversal.
If you where smart you would of read my last post to see that BTC was going to continue you down just as it...
The first target is reached see the link below. Now it is expected to reach our next level of support which was resistance in the past if you look left. Someone wants to buy it for a cheaper price, it's a clear manipulation I think
Bitcoin and the crypto market as a whole have been in a bear market ever since the Dec. 17th high. How long will it last? Where is the bottom? The truth is no one knows for sure, all we can do is look at the charts and to be honest come up with an educated guess. IMO I don't think we have bottomed yet, I would not be surprised if BTC made a 100% Fib retracement...
A-B-C correction seems completed or almost completed.
Can possibly move up and down, zigzag through the pennant till we pass the yellow circled resistance of the pennant and 0.5 FIB resistance (actually 0.5 is not a fib zone but lets say fib) but if we look at the bigger picture expecting a bullish move on the long term.
Chart is time-independent.
Here is our forecasting report on BTCUSD (BitCoins) for 2 February 2018. Based on our forecasting techniques, it would appear that USD3,500 is possible for Bitcoin. Will it happen? Let's monitor this very closely.
Good trading
NinjaSingapore
2 Feb 2018
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Our research materials are provided for information purposes only. They should not be used or...
Hello Traders,
Look like we are underway to our Target #3 zone. But before we get there we have level 9000 to get trough. It is going to be difficult for the price. I will expect price to stay a bit around 9000 level.
Cheers,
Jim
I found something really interesting the way the market moves in the different years starting from 2015 to 2018. The have been a 3 way cycle of buying power with trend characteristics. As I was thinking before that is just a regular retracement before breaking higher. 50% fibs from 200$ and 61.8% from 3000$. I am wondering how hyperbolic the trend will continue if...
I believe that this year the Bitcoin will suffer just like the year 2014, the similarities that we can observe between that year and the current one are surprising. How to show the graph that year Bitcoin lost approximately 75% of its maximum value. It is observed that at that time the Bitcoin reached for the first time the 1000 dollars, something similar to the...
BTC has been forming a pennant pattern for the last 10 days. Pennants are continuation patterns which generally breakout in the direction of the overall trend.
If this holds true it would indicate that there is more downside for BTC. How low will BTC go? I still think the $8000 area is very possible.
BTC/USD lost a lot and does not seem to be able to push back higher.
If the current level does not hold, the next stop lower is at 8000.
Wish you all the best!
BTC is looking quite bullish, please note that BTC is still in an overall down trend and we should be expecting a drop down between 8-9.5k after it pumps to around the 13.5k mark.
As you can see by the chart, BTC is forming higher highs/lows and what looks to be a double bottom trend reversal. Also take note of the very similar pattern which is a trail created by...
Since the price reached the buy zone on $9222, it started giving us higher lows each time when hitting the black uptrend. Now, the price is facing the first downtrend in blue. If the price successfully breaks the downtrend, it might go for the next downtrend in orange and the target will be the price zone 14370, 50% fibo, - 15000. After that, we might go down to...
After analyzing the trends of the market, it appears we can be in a longer term bear market than we thought (2-3 months). Previously the initial bounce I called for was for the end of the futures contract but it seems like we had a weak bounce. We can still break out of this short term down trend and break up arrow 'A', then break down to the long term trend...
