Bitcoin is falling within a pattern that suggests a rise is coming soon, which in my opinion will probably be just a dead cat bounce before a continued correction. But for the moment we are close to the support of this pattern, that could be a wonderful entry for a short-term long position (if we actually reach the support line), seeing how this pattern is pretty...
After the breakdown of yesterday Bitcoin looks like it's forming a small falling broadening wedge on the 15 min time frame, which suggests bitcoin might have a small bounce to the upside before probably falling lower. (I would think..)
What do YOU think?
WILL the drop even continue after this bounce?
Will Bitcoin fall to 4,000$?
Will it just go up to 20,000$...
Chart says all. Not advice. Not a prediction. Just see a very expensive stock of company selling overpriced gadgets trading right at 0.62 Fibo after massive selloff bounce.
Might be fakebreak after first rejection from the TL shown price edged up over the TL. If breakdown below, expect retest of TL then ultimate rejection.
If ER miss, going straight off. If...
Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to...
- Channel forming on BTC
- New Supply Zone identified by the bear candle during the selloff (Identifying Candle)
- Perfect bounce and a long signal because of that (Retest)
- Push to the highest quality Supply Zone that’s in control of the market (Harsh Rejection)
- Because of the nature of the rejection, this was a signal to get out of the market
- With a retrace...
As I high-lighted in my previous post about the SPY, I anticipated a move down to the 200 weekly moving average after breaking the 100 weekly moving average and a key support zone, and that is exactly what happened. If there was a logical place for a dead-cat bounce, the 200 weekly moving average would be it. If price can steadily climb up back above several key...
Although BTC held the $6000 support for almost of all of 2018, five weeks ago it did eventually fall and saw us tumble down. Many have tried to predict "the bottom" since then, but there is one essential indicator which is heavily respected by the market and something you should include (among other indicators) when making such predictions in your own strategy:...
I've been following WYNN for a while and I use this as one of my recession indicators of the economy. I believe people are head above water high in credit debt and can no longer afford to gamble or visit the casino.
My prediction is a -6 to -8% drop before it does a dead cat bounce up.
We posted yesterday on Bitcoin saying that we might see a bearish ascending triangle towards the next stronger support first at 6k area and we did test that support area. For those who shorted with our call at around 6.5k will save there satoshis in big amount. We will update you on the next move in a very short time. Stay Tuned.
Bears have delivered a very powerful rejection from 8.5K down to 6K. I am not expecting the 6K level to break without a dead cat bounce first. I have taken partial profit on my short from 8.2k and opened a small long at 6.1k. My target for the dead cat bounce is between 6.8k and 7k. At that price I will close my long and add more to my short. 5k remains the target.
![BTCUSD: Bitcoin - Update [Ascending Triangle Formation Done]](https://s3.tradingview.com/6/6EBBT4pP_mid.png "Bitcoin - Update [Ascending Triangle Formation Done]")
