On February 7 we started to break indecision which lasted from the end of January. Now its finally confirmed that Bitcoin price will rise, at least for some time from now. RSI is still low around 60 on higher timeframes above H4. Uptrend is confirmed by quick breaking resistance levels which are subsequently confirmed from the upper side and price climbs by this...
This is starting to look like one massive falling wedge, for which Bitcoin is famous for. Although it is a bullish pattern, the last one we found ourselves in during the summer of 2015, failed miserably (with a Bitfinex stop run below $200). This time around I tend to be an optimist, expecting a great buying opportunity between $300 - $320. Of course I assume...
Hello guys whats up? Another analysis is here for you. Look at that nice green and red candles making new lows day by day. They are so strong and sharp. When does it end? Next week or a week after? When comes that day when we fall at the very bottom and price turns north? Desperate time desperate measures. Despite we all love that shiny Bitcoin we must sell it....
Bitcoin is making a triangle now. Also on H4 Head & Shoulders is visible. Due to divergence on Weekly to daily chart between MACD and RSI and price chart it must fall down. But not deep, just to the next SR which is about $320 or $315. From that it rebounces back to $400 and $500. Halving is knocking on the door and price will make it to $2000 this time
Looks like we are in another infamous Bitcoin triangle. We had a nice short squeeze to $465, followed by a brutal long squeeze into the $350s. I suspect once this triangle resolves we should get a juicy move out of it. Personally I am leaning (and hoping) for a push to the downside. Simply looking at the Open Interest levels, I just don't see us having the buying...
Red lines = everytime MACD (11,24,11) divergence has gone below -10 after being up > +10. As you can plainly see, it's pretty rare that the 1 day MACD is unreliable with these parameters. This recent fall has tried and failed multiple times to get past the 2951CNY mark. If we use 11/10 as a guide BTC would be going down 20% to around 2330---however I'm at least a...
I suspect we are witnessing a massive inflow of South African Rand into Bitcoin, which becomes quite evident in the above chart. The Rand has already reached record lows against the US dollar, and could show further weakness. Although I am expecting a pullback in BTC eventually, this bullish trend could continue for some time. For further info watch the...
This chart presents trend signals for 8 Bitcoin exchanges, using the daily chart. If price were to move to the entries on chart before the daily close, it'll be a very high probability trade, considering the recent failure to move up, more than once, and the increased volume present on the profile distribution. Good luck if taking any of these trades, and remember...
All details at chart. My sentiment is still bearish/sideways. Apex of new triangle is about to end soon. Expecting bigger move soon... ...or boring sideways.
Details at chart. Looks like we're going down from triangle with nice fakeout 18th. If price won't come back above triangle upper trendline soon, targets would be at .618-1 fibo retrace. If breakdown is not fake, upper triangle trendline should act now like a resistance. Chart suggesting SHORT sentiment but it can go back up soon or go sideways without any clear...
After the dump from the smaller triangle we have entered the larger triangle again. (same top area, different bottom area) We can see some existing bullish orderbooks and insititutional investment present around key support levels on the way down as was saw when we dumped to 2060, the price immediately got shot back and then pumped on the MSFT news. Right now...
Possible situations of what might happen in the next hours / 1-2 days 4 November 2014
Price is eyeing these targets and I think it's very probable that we will have a correction at these targets. Question is: Which one will be hit first, and lead a first correction? This is pure speculation, H&S patterns are quite subjectives.
As you can see EMA(65) on the 2H charts has been pinned many time and called some tops. We are right now with a new pin on it, under a huge congestion of resistances which could lead to a breakout to watch for. Indeed, I think the momentum could be enough to go through.
My short term target is 2180 ish but could head further down to 2130 is before the next bounce