Sell signal type TD-countdown setup is now completed on daily chart suggesting an imminent correction. This is only a private analysis and not a suggestion, do your own research before entering a trade. trade well ;o
I remain bearish on BTC, I think this growth needs an healthy correction to go further up. This analysis is showing 2 supports (from Ichimoku and Fractals).
In this analysis I was looking for a pattern in the fib retracement in order to anticipate the next big correction (if there will be one).
As you can see from the chart, BTC has formed a double top! Which in this case I would call a double-top reversal. This is because we have already broken the neckline at 7538, which serves as confirmation. Now even though it appears we are moving up at this moment. I would be hesitant to say that this is the end of the correction. If you google double top...
BTC's in another rising wedge ... It will fall to the previous ATH -1.27% (Nov. 1st) and breakout ( Oct 15.26% . 12th) of ~4900-5k.
Watch out, as history tends to repeat itself. I'm BULL until proven otherwise. DISCLAIMER: Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
BTC has once again tested the top of its upward channel. As history tends to repeat itself, one must think we will see some sort of retracement at this level. However, during BTC's bull run in August, the bulls were actually able to push through the upward channel momentarily. This caused us to form the extended channel that we are now in. Meaning it is quite...
This buy signal is based on a pennant chart pattern. The price broke the resistance line of the pennant and it gives a buy opportunity. We can open long trades at 4130.00 with stop orders below the pattern at 4008.00 level. Profit targets are whole numbers. But estimated target based on this pattern is 4300.00 level.
Stoch RSI shows oversold on 1H chart. Tom Demark count gave a red 8 (shows end of the bear trend). There is huge support at 4150 area. In 2 hours we might touch 4150 then bounce to 4323 resistance area. Wait till we get a green 2 on hourly chart which is a clear buy signal according to Tom Demark count (green candle closing over 4225) Long at 4230. Take profit...
After reaching ATH almost at 5000 USD and at FIB 4.764 (when measured 1 = 1150 and 0 = 150 from the last 2013 bubble and retracement), Bitcoin is currently within a downtrend channel facing 4 strong resistances. Hard to break them but if we look to the details of the other patterns, it's interesting how dissimilar they are. BTCUSD is currently within a small bear...
I have been tracking this move for a while as I was original looking for another impulse wave to drive price up. What I see developing now is a good platform to start trading long with support at the (A) €2479 this zone has shown strong support over the last few weeks and if continues to hold a price target on the extension up to (D) €4072 which is also the...
The price bounced from 2500.00 level and Senkou B line. RSI confirmed price reversal in the oversold zone. After that the market moves above the cloud. It's buy opportunity. Pending orders can be placed at 3480.00 level. Stop orders must be placed at 2470.00 level which is lower than the cloud, the uptrend line and the support level. The level for fixing a part of...
After recent developments, its obvious that risk management is everything. "spreading risk" over multiple currencies might just be an illusion.
The recent corrections for Bitcoin might just be the start of a larger and longer-term downward movement. Zooming out to a 1W time-frame, we can see that a potential MACD cross-over, together with a loss of momentum below 0 might signal a trend reversal.
If the two remaining large Chinese exchanges announce they will be closing business until licensed, we can expect incremental drop through support level stages as indicated on the chart. With final bottom theoretically possible if mass panic avalanche or major investor decides to pull out in a game of chess. Current bottom bounce could be a resolution, but I doubt...
I see the opportunity to BUY XBTEUR it is just make a bearish fake out so now it is moving up to test 3700$ key level pretty much free profit this time I'm not sure whether its going to test previous highest high but for sure its going to 3700$ Trade with care If you like my analysis please follow and like Thank you
If you buy Bitcoins on crypto exchanges supporting EURO, this post helps you to spot possible entry levels. Yesterday I wrote about BTCUSD and how we should trade this market. You will find this post in related ideas. Just read it in order to understand the main idea. As for XBTEUR, this market also has the same price movements but different entry levels for...