Experimental Chart. Due to lack of movment in the crypto market, I have been experimenting will less common tools to aid in technical analysis. The chart above shows a fully extended pitchfork that just about perfectly calls the top. Not only that but each additional level below that acted as support or resistance at one time or another, meaning this pattern...
One perspective of Elliot Wave Aanalysis says it is... .. Just for fun
Bitcoin is in a really interesting place at the moment... Personally i would love it to get up to the 1.618 ext of the Butterfly pattern discussed in the video. The reason for the is if it does that level is right at the 78.6 fib level of a larger Butterfly pattern which could be setting up. I discuss what I will do if price gets to 78.6 and has not hit the...
Hi, My friends, another bearish pattern is just formed, BTCUSD will go low in the coming few hours. target is 8500-8700
Think this market needs more time to finish the correction wave D of the major 5th wave, I will not trade this market until I see a break out above 8000 level and it is confirmed, otherwise we might test back below the support level 7000. we need to wait to see if the 5 wave formation happened in the major 5th wave
Wave 5 Of wave C of wave B yet to finish before we have our C wave corrective. Enter short around 7800 euros Target 6950 euros
Bitcoin Indepth Technical Analysis on weekly, daily and 4 hour chart. Bollinger bands Trendlines MacD RSI - note above 70 rsi is overbought - below 30 is oversold
Hello guys, I'm a bit doubtfull of using the euro chart due to the weird spikes that occur like we can see here in the wave 1. Anyway. This is my current thought about the BTCEUR pair based on recent developments. We had a very shallow fifth rectracement (orange line) and many people expected it to go down to 6000 before pumping up. Even for me, I missed the...
This triangle in BTCUSDT shows an upcoming dump to occur in the month of April or less likely at the beginning of May. This triangle will dump BTC to 4-5k and I expect the whole market to have a big bounce towards those levels. Within the next week, I expect a possible bounce to 8k maximum. The bounce will happen cause the fractal harmonic pattern shown will...
A possible Long position for XBTEUR is forming. It really pays out to be patience for the completion of the BAT D leg at 0.886 retracement level. We just saw a dead cat bounce and I believe that we will hit the 0.886 retracement level soon. But be aware for the Deathcross- it might drive it further down Please make your own analysis, you are solo responsible for...
I am of the opnion we will see a medium-ish pre-halving rally, then a coast through through the halvening until Q4 2016 when the real bubble will kick of. This is in part due to to effects of the supply halving started to being felt, to adoption among merchants and established payment processors happening due to the media exposure that happened from the pre-halving rally.
I'm wondering if in tradingview I'm the only one who sees BTC ready to start his natural ascent again. This is the third time that BTC generates this formation after dropping and releasing the daily RSI, if we were to proceed on this trandline and pass the fuchsia resistance the future of BTC will be bright again. Next big resistance after that is around 13k...
I'm starting to get creative in finding bullish sentiment on bitcoin btc medium term. On log chart we could have a bullish triangle forming. Thoughts?
The price of Bitcoin 1.30% has reached an important cotization area. This area act as resistance and monthly pivot point, if the pice exceeding $ 9500; there is a high probability that the price reaches or surpasses areas close to the maximum price of 2017. The most sensible thing to do is to wait for the closing of this candle or perhaps the next two in graphs of days.
Just a quick idea for the 1h view. I have marked the idea-timeframe with the circle.
After weeks of continuous indecision and rolling between bullish and bearish perspectives over and over, the time has come for a decision point to be made within the crypto markets. The direction the market takes this week will influence the current year. I am still very undecided over where this is heading.\u2028\u2028The chart is self-explanatory wether the...