Bitcoin - strong bearish movementI belive chaos in the BTC if it breaks the support of the base of the H&S, either the journal or the h4 / h1.
The target of 11,700 is already close, there is no bullish movement we will seek the 10,500, 9,300, 8,700 and with the panic installed the band between the 7,500 and the support of the 4,900.
There are 4 bearish signs :
. Stochastic
. RSI
. StochasticRSI
. MACD
----------------------------
Eu acredito no caos no BTC se quebrar o suporte da base do H & S, seja o jornal ou o h4 / h1.
O objetivo de 11.700 já está próximo, não há movimento otimista, buscaremos os 10.500, 9.300, 8.700 e com o pânico instalado a faixa entre os 7.500 e o suporte dos 4.900.
São 4 os sinais de venda:
. Stochastic
. RSI
. StochasticRSI
. MACD
Criptocurrency
Bitcoin - The Unstoppable (New Tendency Line?)I'm surprised of how speculation around Bitcoin can go against any technical analysis that suggest a price retracement (In fact, my last Bitcoin analysis suggested this). At the moment BTCUSD seems to be unstoppoble, and now, it seems to have entered to a new tendency line. RSI reports an overbought signal, nonetheless, volume keeps growing really fast.
My recomendation? I would like to recommend that you should wait for a price retracement over blue tendency line, however, this might never happen. If you are interested in invest in BTCUSD, invest as soon as you can. Stop waiting for a perfect market entry, and wait for profits in the long-term. I also recommend to check other cryptocurrencies, visit my profile to more info.
If you find this analysis helpful, don´t forget to like and comment! :)
Bitcoin Bat Pattern!Waiting for BTCUSD batpattern confirmation. Price might break it's current support trend line (aggressive traders) in a couple of days, and move to second support trend line (moderate traders).
Additionally, bollingerbands indicator reveals a M formation, which support previous analysis.
BuyNear: 8350 (support trend line )
Take Profit Levels depending of your risk profile:
TakeProfit (Conservative): 9.300
TakeProfit(Moderate): 9.800
TakeProfit (Aggresive): 10.500
If you find this analysis helpful, don´t forget to like and comment! :)
Down scenario was not confirmed. We going up to 5000It seems that wave C is not over. This correction could be a wave 4 and we now in the beginning of wave 5 or the entire correction pattern was double Zig Zag, not an extended flat.
Or the wave C is extended.
I also suspect this current UP wave is global wave V, not a correction, but with very deformed wave 1 (looks like ZigZag from level 3000).
So strategy, for now, is BUY-ing from 4450 with target 4700 and 5000.
BTCUSD's Ichimoku Kumo Twist is forming a stronger bull positionBTCUSD's Ichimoku Kumo cloud Twist is forming a stronger bull sign
Expect more overall sideways consolidation for just a little while longer.
You can see the recent Kumo bounce off of the Kijun representing the short cycle correction we
experienced last night. If you were long and you held despite the stress, good job!
Over and Out
~Ji
This is not advice.
I don't need to be right or wrong.
I don't care if the market goes up or down.
Make your Own analysis and trade off of that.
If you have positive, constructive criticism and wish to share Please do.
Agreeing or Disagreeing is not personal and is welcomed in a positive way.
This is not a therapy outlet for venting negativity. Go join a boxing club. I like boxing.
Happy trading everyone!!