BTC finally broke out of the descending triangle it was stuck in for the last 6 months. The recent price movement also broke the 200 EMA which is a good sign that we might have finally hit the bottom on 18. December at € 5.8k. Still that doesn't mean that we are in a bull market yet. The incoming retrace will confirm or disprove a bull market. If we can find...
Dear friends, I congratulate everyone on the upcoming (or already coming) new year! I wish you all your desires and goals to be fulfilled! Feel free to go to new heights, achieve, never give up, win! Happy New Year 2020 !!! In the last day of the outgoing year, I will share with you my vision of the market, and I will also try to answer the question that...
This is an update/correction on a previous post: see linked idea
Since we're in a big Flat correction, this final C wave of the big flat is a 5 wave up: This analysis only about the 5 waves up. Currently we're in wave C of wave 3 of the 5 waves up. Wave 3 in itself is divided in sub (abc) waves. The (abc) positions indicate the theoretical targets of each sub-wave. The rectangles indicate the maximum and minimum prices per...
Hi guys, So, i dont know if there would be another one HS l... if this is just the first one of this uptrend or not but right now, One is complete at 4hs. Theres confirmation with volume and indicator. Hope this help you out! I dont know if ill be aboe to keep track and post before christmas so, if not... I wish you a Merry Christmas to all and good holidays...
Hi there, So, as you see in fractal analysis, and in next images. Same pattern, but with more impulse to the uptrend, but at the end is the same result. If im not wrong is going back to the base of uptrend. Hope this help you out! Cheers. -CharterX Telegram: @CharterXTrader Telegram Channel: @CharterXTradingChannel Telegram Chat:...
After nearly a 40% drop from the retest of the bearish pennant at 10k, Bitcoin is now setting on the trend line that supported the 6k level back in 2018. So far, BTC has actually broken below this level, and has since seen roughly a 10% bounce so far putting us back above. However if history repeats itself, which it often does, this historic trend line should...
Hi, The golden cross will be formed in the next hour in XBTEUR ... This should start bull run
Based on a basic rule of thumb, if the .786 or greater retracement is hit after a significant bull or bear trend it is expected that a reversal has taken place. BTCUSD just so managed to hit the .786 after its 2018 low of 3100. Therefore based on this rule, BTC has entered an unconfirmed bull trend. Keeping this in mind, it would be wise for fib traders like...
Bitcoin is currently hanging around a resistance trendline. I think it will struggle to hold above it. If it breaks the resistance it will get stopped at around 7660EUR. If it breaks the 7660EUR target it is not yet in a new bullish run. As seen on the 1D chart and 3D chart there's a much stronger resistance trendline waiting to get tested. There's a nice...
Has you see, inverse head and shoulder as usual makes the head and shoulder as a result. Expect a drop price. I did not wanted to put the target but you could measure the candle of head. Take as reference the volume to identify it. It's hard too see it on candles because of the volatility of Crypto but i hope this would give you reference in future on how to...
Hello, So, Clearly there's an Head & Shoulder formation at this point, RSI and all indicators tells that's a probably good time to open short position. Price Targets: 1. 6690 Eur - Probably bounce to 6720 or not. 2. 6670 Eur - Probably bounce to 6720 this is more likely in personal opinion. 3. 6620 Eur - More probabilities to bounce and try to go back again to...
Hello, A couple of Adam and Eves have been formed out with breakout confirmation. This could form a possible double bottom. Cheers. Charter X
Over the past couple weeks, we have seen overall sentiment of the market gradually switch to bear. Though this may hold true, I though I would share this bullish fractal pattern and possible trading opportunity. The chart above shows Bitcoin currently sitting just above a long term pitchfork support. This is the second time testing this pitchfork support which...
For short term, those to areas/levels (green and red box) are really interesting for me, at least. If the first resistance (red) level is NOT broken, there is a good probability this turns into a 3 dive pattern (see comment with a 4h chart) and hysteria fulled selling will continue for a while. If red level gets smashed, the next important R is at the area...
After roughly 30% down, Bitcoin has formed a multi-day disjointed angle and a rough formation of an Inverse head and shoulders pattern. Thus creating excellent trading opportunity for those sitting on the sidelines. I apologize for the delay, at the time of this publication BTC was Testing Entry 1 displayed above. We may get lucky enough to test again, or...