We´ve been following and counting BTC for few days now... and it goes as predicted... let´s see how it goes
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Bitcoin has been highly manipulated the last few weeks. The price action shows that we have big players constantly vacuuming coins from retail traders, running stops, dropping 4 digit market sells at crucial reversal points, etc etc..
Theres nothing but positive news in the Bitcoin community, Lightning Network, Segwit Adoption, etc but the price does not yet...
Well, unfortunately, I don't have a crystal ball so I can only say what I feel may happen over the next few weeks. I have to say that I was somewhat impressed with the bounce that BTC made from the low of $6000 to almost doubling within two weeks. I find it kind of interesting that the price made almost a 100% retracement to where it was on Jan. 28th when the...
As we have inched closer to testing the 2017Q2 rising support trendline from the 4H CEXIO:BTCUSD chart, we need to see if the bulls have what it takes to open the doors to Club Moon. The BTC Yakuza (aka "btc dolphins") may have other ideas. If the Asian (Japan, South Korea, China) bulls can't rally north to the top of the major downtrend channel, then we may see...
BTC Is definitely on his Last wave to hit the 4700 Level.
I'm Answering to many question I've got on my Telegram :
1: How to Qualify a real Elliot Wave ?
2: What could we be expecting in the future of BTC ?
1: Believe it or not, there are only three rules when it comes to interpreting Elliott Wave. There are many guidelines, but only three HARD rules. These are...
Just we predict price moved to TL and beyond to the mark @ 10921.87 level. This time we wait what RSI will shows us (because RSI moves ahead of Price – Momentum). If RSI will bounce up from 34.70 two things may happen – 1. We may experience “last kiss” effect or 2. Price will just keep going higher (this is less likely scenario). The last thing may...
First of all, despite the bullish impulse, BTCUSD still has minimum 2 variants of possible priceaction.
Maybe, correction phase, is not over.... Please, be care yourself, rapid decline not canceled and still in power.
But present time with high caution Powerful Traders, will try to take Long position, after the retest of "bottom'' 10548.00 -...
Price is on the verge of either drop further down or bounce from TL. RSI is weakening. Two TL’s create Triangle that (as you know) will create drastic move either way. This is just slow down it is not major reversal.
Here we have BTC/USD 4H chart.
High potential is here TA is working effectively after ending the last correction and btc in a special visions
My Exception next few days:
Price continues it's strong momentum to the upside, and hits the upside bearish trend11750 at 0.382 Fib in one strong swing move and heading to 0.5 Fib & final stop will be at the...
Buy below the lines, sell above.
Resistance will become future support and vice versa.
In order to have 2 or more consecutive trades on the same line there has to be a pullback of about the same size as the initial dip.
Trade smart & make some money!
Price reach strong resistance level of 10,000. Look like Momentum is slowing down. Firs support level will be 9,525. RSI it’s trap between bottom of the reversal zone and previous support 66.65.TL on the price chart should worn us before price possibly move to down side. TL on RSI it will help as well. Pay attention to RSI – it is trap in the zone that every...
Hello and let's start with a more detailed analysis.
First of all, if BTC does not break above the yellow line, the resistance it must surpass these days, a new bottom is possible to form at the target stated on the chart (yellow arrows).
If it does break and consolidate above it, we may see a rally to the resistence zone between 10100 and 10700. If it does not...
I have been somewhat skeptical of the recovery we have been witnessing from Bitcoin and the crypto market as a whole but I am now seeing some signs that make me wonder if I have been a little too skeptical. Looking at the Bitfinex price chart on the hourly time frame it looks to me as if BTC is in the process of completing an inverse head and shoulders pattern....
Pessimistic scenario was rejected, we have a lot of market recovering signs. The price managed to survive bear pressure. H&S pattern wasn't finished. At this moment the price should consolidate in the channel and if it bounces from $8500 level a reversal and further growth will happen. However it will be a fifth wave of growth and there is not enough volume to...