Every bubble has to pop, and when it does on Bitcoin, it usually goes back close to where it had all begun. In this case, Bitcoin was within a bullish channel that lasted for 550 days, until it broke it up, went straight up for about three weeks, and now it's dumping. So where is the bottom? Well, taking this channel into consideration, the bottom should be the...
See related idea for more insight.
I am short for the time being, and in cash. Cheers, Ivan Labrie.
I have corrected my weekly chart for $XBTEUR, since I had made a small mistake on the intermediate term forecast. The weekly chart shows we can rally for one more week here, before getting a consolidation or correction, and the target for it matches the long term top target for this pair. There is a catch, if we convert the Bitstamp long term target, from USD to...
The trend is going up for now but: 1. Don't buy now. Its too risky to pick tops. 2. Take your profit and wait for another breakout out of a flag to go long (look at the related idea). 3. The trend is still going up so don't short unless the support level of the latest high is broken to prove that the trend is broken. 4. Sometimes doing nothing is the right choice....
Swing-Traders should wait for a good opportunity to go long. See previous idea :)
In this chart I examine the trend since $XBTEUR bottomed after the Bitfinex hack induced correction. The weekly chart reveals an uptrend time and price target that can guide us in the coming weeks. It appears like we can reach a peak in sentiment and consolidate or get a correction after we reach this zone in the next 2 weeks. The daily chart will guide us in the...
"Breakout Direction: The future direction of the breakout can only be determined after the break has occurred. Sounds obvious enough, but attempting to guess the direction of the breakout can be dangerous. Even though a continuation pattern is supposed to breakout in the direction of the long-term trend, this is not always the case. Breakout Confirmation: Some...
We can expect a sideways consolidation, or, some kind of correction and retest of support, during the next month, as described here. Today, a support level held, and weekly is still in an uptrend for the next 3 weeks, technically, but sentiment was too positive before this drop, and we had already exceeded all weekly upside targets ahead of time, which usually...
This is an interesting phenomenon, the 1 year spreads in BTC prices have now converged. Weekly charts show $BTC can continue rallying, but it is good to take some precautions, holding equal amounts of $ETH as a hedge to it. I'm not sure of the implications of the spread closing like this, but it might affect prices soon. Perhaps it is related to Bitfinex, since...
Say goodbye to DDOS attacks and centralised servers. Mines are the new deal here. MAID is a massive cloud storage Blockchain for websites and other stuff. Excellent idea, one of the best ones out there. Join BitCacha in this new journey to the moon! Entry: 17000 sat - 18000 sat. TP1: 20500 sat. TP2: 24500 sat. TP3: 29000 sat. TP4: 43000 sat. Stop-loss: 15000...
BitPivot waiting for the right moment to pump this coin to the next level. I expect to break up this triangle on Sunday, April 23rd, after the french election. Entry: 0.009 - 0.0098. TP1: 0.0145. TP2: 0.0185. TP3: 0.021. Stop-loss: 0.007. Risk/Reward: 1/3. This idea is a continuation of the previous: Good luck. Disclaimer: As usual, this is not a...
After reviewing and rectifying some of the mistakes I made in the past charts and by now following this fractal logic, I think we're heading for a small correction in the upcoming days, probably tomorrow. Seems to me Bitcoin will go to levels between 1195 and 1250, but quickly recover to continue up the stairway to the moon. There is a chance Bitcoin could visit...
The king of the dark side is awakening. Bitcoin's archenemy has been summoned to conquer what has been divided and complete what was unintended. Znach, the new challenger, a flying snake, is very different to Bitagon. This dark, anonymous side, is hollow in uncertainties and satiated in mystery. Entry: 0.06-0.07. TP1: 0.08. TP2: 0.095. TP3: 0.112. TP4:...
This is how the Bitcoin chart looks right now. The long term uptrend is active until the end of 2017, and after that, we have an ample range of choices, with a likely consolidation or retracement starting. Once we approach or surpass the long term target on chart, we might enter a bubble phase, so it is logical to see a correction or consolidation of a large scale...
Bitcoin to make new ATH's before testing the all time Bull support line. After that its going to the moon.
BTS can’t wait any longer for another nice pump. It’s getting ready to go to the next level. I expect it on Sunday, April 23rd, after the french election. Entry: 850-1000. TP1: 1200. TP2: 1500. TP3: 1800. Stop-loss: 780. Risk/Reward: 2.3/1. This idea is a continuation of the previous: Good luck. Disclaimer: As usual, this is not a perfect prediction....