#BTC #XBT (Update)
- BTC Forming Falling Wedge in Daily Timeframe..
- Major Indicators (MACD,RSI) Are Turning Bullish..
- Holding the Support As Well..
- If Breakout Then All Targets For Spetember Are Mentioned in Chart..
- Bakkt Bitcoin futures launching on Sept. 23 could be the catalyst for BTCUSD’s trend..
- September Will Be Bullish Month For BTC & I'm...
nothing much to say, let the charts speak itself and decide on your own...
3 day linear chart with fib levels
daily major moving averages
my custom indicator
short term support zone
that's all for now...
Bitcoin broke the bear flag formation we had since a week ago since the 10500/600 broke. This is a first bullish sign, but doesn't mean bears are gone. I see it more as if the bears took the pressure off than being bullish now. As long as we move below the 11200/300, i think the bears are still in favor. It's even possible that the high is already set as well at...
First off, I'd like to shout out a fellow trading view analyst @filbfilb who predicted with high accuracy a $20,000 top and a regression to the mean of $3,000 in December of 2017 by using a similar style chart of analyzing a parabolic curve on Bitcoin.
I'm taking his concept and applying it to the current trend and 2019.
There are so many macroeconomic events...
Did panic has started already?
Price has come to the point where either strong sell or strong buy will follow next ... price can't keep moving longer in that range (9k to 12k) for more than 2 months ... the direction is not decided yet and i see the next move will give us the final answer.
If the price bounce from this level again that will mean anything below...
hey guys welcome to a fresh update of Bitcoin. the pattern shown above am following this from almost a year and now looks like recent moves has confirmed this formation. the above analysis is completely based on elliot wave theory, and you'll be amazed that how precisely Bitcoin is following the elliot wave cycle from almost 10 years and didn't get any attention...
Welcome at a new post! Back at Tradingview, back to posting my charts and views here, as Twitter is not providing me enough space to go for. Therefore decided to start posting weekly charts here on Bitcoin and the market. If an altcoin or another chart is providing a setup, I’ll post that one during weekdays as well.
So, what are we looking at with...
Today I want to share my thoughts on Bitcoin.
we have reached 13.9k and are moving down now. I am still convinced that this is a correction after which there will be an upward movement. I'm waiting for the support level 9200 there is a chance that we can go lower and touch the support line of black downtrend channel. The same line of support...
It looks like our counter trade strategy worked and we nailed the perfect entry zone at $7550-$7650 zone based on the previous analysis when everyone was bearish.
Now, I'm seeing the same bears coming out of the wood work looking to short...
As I mentioned in my last update, I expected a continuation to the $10,000 zone to tape the liquidity before any other upside movements.
We got the bull trap around $11,000 that I had also mentioned before seeing the $1,000 move to the downside.
We are currently still in this tight consolidation range before determining our next trend.
We moving in general up trend channel
I see on the chart a standard movement similar to the movement of 2015 impulse - correction - impulse
After we touch the resistance line - the correction channel, bitcoin go down to the mid-channel line
In that zone will be the finale of this story. or we will break the support line of the up trend channel. or we will break...
Well we have risen back up and topped out right at the 50 and 200 MA on this chart. Its pretty evident that these MA's are providing resistance for the time being. With them being so close to each other to the point where they are almost merged I would consider this area to be tough resistance. Much tougher than one single MA alone. Anyways we had a golden cross...
Retested support at 10k after the rejection that it experienced on 10.8k a few days ago..
Currently it looks like a falling wedge pattern.
Losing current level will lead to a retest 9300$ support (Matching FW end)
UCTS Sell signal on the 12H and lower TFs.