My first proper TA prediction!
Clear triangle formation in a downtrend. Look for steep downside breakout.
Oh, and I do not give advice. You do not want my advice. This is not advice. This disclaimer isn't even advice.
Overall trend looks bullish on 1Hr TF and broke one of the bearish trendline, could drop to 11000 level before move up.
BTCUSD long signal on 1hr TF but struggle on .5 Fibo level . Bullish trend took a rest from Days Fibo .2 level if trend line broke and cross 11000 level below then on 4Hr TF it could create H&S Pattern which could result in 9K to 7.5K level.
As you all know, there is a lot of uncertainty running through the crypto market at this time. Many worry that Bitcoins parabolic trend is broken and an even more serious correction could be on its way.
However, Based on Trendline Analysis the chart above shows a very different possibility.
We recently just bounce off two historical trendlines, one at the low...
A nice buy targeting the uptrend, if it break the trend i will ride it till the moon , if it bounce i will buy again when it reach the downtrend because it's gonna be a good ride for jupiter :)
Right now alts are like kites drifting in the wind, following Bitcoin. Unfortunately, Bitcoin Cash is asleep as well, so here we are. Focusing on the main event.
So, you've been told $8,000 is coming and suddenly after much reluctance and many failed longs, $10,000 has come and gone twice and five figures remains.
There is much danger in this market. Things...
Applying Elliott Wave Theory to BTCUSD, it seems as if we are on target for the final C wave down of this correction. Today and yesterday we formed a symmetrical triangle (ABCDE wave) and tonight we completed a three wave bringing our wave 4 on the larger time scale to a close. I think we are currently forming a ending diagonal (rising wedge) on small time frames,...
BTCUSD has clearly been ranging for the past few weeks. Anytime I see a trading range such as this I think Wyckoff accumulation/distribution. Since it may still be fairly early in the trading range, I am throwing together my analysis on a distribution and a reaccumulation case and what the possible outcomes may be. Here is how I see the distribution case panning...
I know you will hate me for this, but if I see the risk, take it as a warning, so at least a Professional Trader told you how this works. Anyway I hope to be wrong on this one!
Big players are making a lot of research about Cryptos, but Bitcoin seems to be the picked up for let it down, when I say they are doing a lot of research I mean are trying to calculate...
Help me get rep so I can chat!
This is my analysis of BTC's price movements. Any feedback is appreciated, so let me know if I'm wrong about anything or on track.
The crash is obviously a huge breakout, especially based on the month-long triangle that formed right before.
The fib regression based on December's all-time high shows that the 0.5 line is a weak...
