Buybtc
When is the best time to buy Bitcoin?This is the most important question that all my students and individuals ask me
It should be noted that there are several scenarios to complete the bitcoin reform, but the most likely, as shown in the chart, is the return of bitcoin from the above price.
Be sure to wait a while to enter Bitcoin trading transactions
If you enter at a higher price and lose a little profit, it is better to enter incorrectly.
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Hamid Mojarrad : Lecturer, analyst, trader and senior consultant to reputable investment companies
The best chart you will ever findThis is a chart which sums up 5 years of btc journey and you can see highs and lows and also i predict btc at 100k on august 2021 or sept 2021 ...i bet. And to all those waiting for 6k,3k you can find from this it can come but miners become unprofitable at 6k level post halving so it migth not go below it so buy in parts buy 25% at 8500 25% 7500 so on and so foreth
SCARY COINCIDENCE on the BTC/USD chart... can you see it?Fellow traders!
This is neither a classical Meow-Signal you are used to nor a proper analysis. It is something we are just bringing to your attention: the date of 17th December.
On December 17th, 2017, the price was at its peak.
On December 17th, 2018, the price hit rock bottom.
On Decemeber 17th, 2019, the price is bottoming again... or is it?
Share your opinions below, and next time, see you at a proper Meow-Signal or analysis!
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LONG BTCUSD — now is the timeAfter failing to break another retest it necessary for us to cross in order to get to the next main resistance zone... that is 13.8K.
As it stands from last night we had two directions: down to 8.2K or up to 10.6K
The very fact that we pivoted downwards is actually perhaps phenomenal news as Upon zooming out on a much larger scale throughout the past quarter and a half to 2 Qs; we’ve retraced higher highs with each parabolic run (including the last one) so imagine the tea kettle is near boiled and about to blow as All whales prepare to make their entries and take the position that will evidently lead us to the golden 11.8K number (which will be the deciding factor and IMHO the true start of this bullrun) and once we get there It may very well be too late to be able to purchase BTC or dozens of undervalued alts so strike now while the iron is hot!
Targets for TP exits are listed as green horizontals with S1/R2 lines as yellow and ofc most importantly the red Horizontal; the stop loss.
Disclaimer
Not financial advise.
XBTUSD: LONGIf we surpass this resistance level, I think 17000 is not so far.
Surpassing this line will invalidate both the patterns. This will change the sentiments for existing investors and at the same time, BAKKT may give enough power via institutional and new investors. Also, we need to focus more on FA than TA on the current situation. I still feel it is possible to break both of these levels.
LONG when EVERYONE says SHORT! I was long from 9564; which has already been closed. I am looking for a new entry point.
Just my opinion, not trading/financial advice. Do your own research.
Good Day!
Bitcoin Price to Fall Further: Correction Remains IncompleteBTCUSD price has been marching higher since it bottomed in December 2018 at around $3200. By June 26th, the first-ever cryptocurrency (Bitcoin) top at approx. $13800. Unfortunately for the bulls, the rally came to a halt and Bitcoin dropped 34% to ~$9000 on July 17th.
As at the time of this writing, Saturday, July 20, 2019, the bulls are recovering the losses, and BTCUSD is trading at ~$10580. However, Elliot waves are suggesting weakness ahead as the correction remains incomplete.
Let’s take a look at BTCUSD 4hr Chart Above.
The 4hr chart of Bitcoin reveals the overall sell-off from 2019 high at ~$13800. The current pattern in play is called a double zigzag , which is a counter-trend price move. The price has already completed the first a-b-c zigzag in wave W in green, and a corrective recovery zigzag in wave X in green.
Price is currently making the second a-b-c zigzag, and it has only completed impulse wave ((a)) labeled (i)-(ii)-(iii)-(iv)-(v), corrective recovery in ((b)) is unfolding, the completion of wave ((b)) will set the stage for a five-wave decline in wave ((c)) to complete the second zigzag in wave Y.
One of the characteristics of double zigzag (W-X-Y) is that wave Y has the potential to equal wave W or extend up to 1.618 of W. For this to correct, the price has the potential to decline to as low as ~$6600.
Besides, if my overall wave count is correct, the current pullback is part of intermediate wave (2). And according to Elliot Wave theory, wave (2) has the potential to retrace 50%, 61.8%, and 78.6% of the impulse move. For Bitcoin, 61.8% lies within ~$7200. There are also clusters of support around $7500 area.
Verdict
Bitcoin has been amazing crypto in 2019 so far, but considering all the Elliot Wave facts above, it’s not advisable to buy Bitcoin now. The bulls may end up with another ~30% loss to around $7500 from near current levels.
Do you think Bitcoin correction is already completed? Let me know your thoughts in the comment!
A clear uptrend pattern on BTC but risk remains highBTC has been breaking all key levels and it's on its way back to the 20k price reached last year, we must remember though that it is still extremely risky to trade it. On the chart you can see how a pennant pattern has formed on BTC, I have been seeing this pattern a lot on cryptos. By measuring the drop, we are able to place out target price which stands at 15.000.
The TP is placed and the SL stands around the highly traded price (12.400).
ps. The indicator below is the Relative Volatility Index, it shows us how much volatility does a certain product have, quite similar to the ATR
New Bitcoin All Time High (2019)Nobody expected to see this, and that is what makes it even more euphoric
If you aren't euphoric, you don't have enough bitcoin exposure.
We are sending this past the all time high this year and there is nothing you can do about it, buy now or forever hold your peace!
MAJOR CORRECTION HAPPENINGHi guys!
As I predicted in my previous analysis we had a fakeout to 9k pulled back immediately. After we broke out of the falling wedge we bounced from 8k (VPVR resistance) and then we tested the wedge as a resistance at 8.8k than we started to fall. Everything goes according to plan so far.
As I mentioned before the key moving averages are the 50 and 100 MA based on the previous bullrun in 2017.
I am also keeping an eye on the fibb levels and the huge VPVR resistance at 6.4k. A correction to 6.4 would make the most sense. I will probably start to average in from the 7k-6.8k range.
I will keep you guys updated.
***It is not a financial advice, It is only my own opinion***
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