BTCUSD at Decision Mode on Short Term Struggling at 50 EMA if close above we can see Daily Bullish Candle Closer today but if get reject then We can expect Elliot Wave Correction ABC in a day or two. STOCH/RSI is over bought already on Hourly TF but on other hand we can see indecision candles.
The bullish trend is not yet over, the bulls will probably try to break the bearish trend definitely ... If they succeed to break the bearish trend the next target will be 14650
Blue line shows why we have stopped. Volume almost gone. Calm your tits.
Looks like we're going below 10 mates. Finally some much needed relief. To go up you must go down
13.8k next stop if we hold these levels, all aboard?
50/50 here CME:BTC1!
Chart says it all. Believe in BTC and it will reward you.
Long if MACD crosses above ,Short if it breaks fib support. Take proftis quickly
BTC/USD is looking like it wants to reject the upper trendline of the downtrend channel here. if it can break below 11k , 3 target prices are labeled on the chart. trade at your own risk
Whats up Traders, Ive been calling for a down of bitcoin for a couple of days now and I think we are starting to see it happen. We did break above the longterm downtrend line with low volume and with multiple indicators giving us divergence that led to a down. I believe this is the end of wave one and we should see a continued sell of for the coming days . My...
Here we are approaching the macro downtrend line and you can see we've breached it on the linear chart. I believe momentum will slow here until we establish a break and hold above the logarithmic chart downtrend line. Once we break these lines and hold above I believe Bitcoin may start ranging and ideally alt coins will start to flourish. I expect to see a...
"Volume of the last 24 hours (U$) 1,290,732,331 This volume is able to keep the daily NVT at a normal level as long as the bitcoin price does not exceed $ 6,887.14 (current price is $ 9,977.15). " Estimated Daily Volume of Transactions Chart: blockchain.info
If it breaks and closes above this bullflag, I will be adding long positions here, leveraged x5 with stoploss. Join me @ BITMEX www.bitmex.com Meanwhile, Alts are looking more and more optimal for a long entry. Good idea to sign up for an account for free at the cryptocurrency exchanges. www.binance.com (use this link to get 50% off trading fees for you to...
A few weeks ago i talked about the decline of Bitcoin since the start of the XBTUSD trading on CBOE (see profile) and wondered if market manipulation had any correlation to the expiry of those contracts. From the beginning of trading these contracts on Dec 11th 2017 until the expiry of the second contract on Feb 14th 2018 Bitcoin saw a fall of 47%. Does anybody...
Ending wave 5 soon and even if it is superextended it's unlikely to breach the 11.6 k range prior to some retracemnent/correction. Some potential entry points are given based on Elliot and Fibonacci retracement and conservative target points are based mostly on Elliot wave and support levels. This is for educational purposes only and is no way to be used as...