To those who believe in historical PA repetition and fractals, my analysis.
Bitcoin has made a great push but is a little over extended now. BTC needs to check back before continuing much more forward momentum. MACD is headed downwards, RSI is topped out, and NVT is at the highest levels BTC has seen. The Ichimoku cloud shows BTC headed back to retest the cloud (IMO). #1: First BTC is looking to check back to the 7200 range from here...
I see bitcoin is turning a corner. Since Feb 2019 we have seen a 100% gain in Bitcoin. While I expected Bitcoin to reach 7K by the end of July. This move is quite distinct. I think it will push higher as the retail sector is more short than long. Alot of the posts by the authors are short bitcoin. i think the markets will head higher possibly a test of 8.8 to 9.6K...
I think market will go up. X-Volume shows to much bears on the market. Every long candle very easy selling. Bulls close theire positions with small volume. They are ready to redeem all sellers, they save up cash for this. Bulls target: 5230.
Fractals can be misleading, we see many of them from both bulls and bears. Trusting a fractal is always tricky, but this here sure looks like the best weekly BTC fractal in a while. 1. BTC breaks the downtrend line with a rally to the 50MA 2. Price reverses at the 50MA and goes down to retest the downtrend line 3. The downtrend line now acts as a support, we make...
BTC side way in the adjusted area to move up to $ 4200. However, the price of 4200$ will be sold off very quickly
I chose to analyze XBTM19 in particular, because now it shows the most understandable move, that all the others. As you can see from the graph, XBTM19 has precisely repeated itself, so I expect a little consolidation with further break down. But I am creating this post, in order to show that the scalpers can open LONG from support with $3595 as a target. So, use...
TRADE: LONG XBT Buy in: $3590 - $3650 Leverage: 10X Time Frame: 4H Target: (1) $3730 (2) $3810 (3) $3900 Stop loss: Close 4h below $3550. Capital allocation: <5%. Profits Potential: 77.34% ROE -- Enjoy the trade. Remember to hit LIKE for more and to show your support. Namaste.
Ok so I am sure you have all seen the inverse H&S shoulders pattern floating around on TV. To start, Wave 1 (recent pump) ran all the way up to the .618 fib, really strong move, usually price only goes up to the 0.382 on the first wave. This leads me to believe this possible H&S pattern in fact will be playing out! Now using projecting sticks (green & yellow) you...
BLUE ARROW indicates the EXPECTED Time and Targets Level Stoploss point up to maximize profit and reduce risk I'm working all the time, even in Bearish Market
QUICK TRADE ENTRY:3209 POSITION: LONG LEVERAGE: 100x TARGETS 1.3248/ROE= 120.02% 2.3266/ROE= 174.57% 3.3296/ROE= 263.78% High leverage trade This is off my premium signals in telegram, Check out the discord and see the PREMIUM PROFITS! DIscord BitMEX trading community: discord.gg Thanks, LiquidMEX !This is not financial advice this is for educational purposes only!
Will this uptrend continue or break down. Im saying continuation is more likely. Either way good spot to go long. Last few short term trades listed below, targets were hit on them. Long term trade scenario below also still valid.
Convergence - This is a bullish signal that occurs on a downtrend, when the price on the chart sets new dips, and the indicator does not, and warns about its completion. This small timeframe shows a reversing impulse, but it is only 15 minutes. We'll see . 6310 - shows us support. if it breaks, we go lower Looks Good? Leave a like, share and leave a comment....
Last time I published it was about an almost perfect descending triangle in btc just waiting for a big selloff to takes down. Right now,m things have changed, most of the descending trendlines have been broken and btc is hanging from the last one like you can see in the next chart. Those diagonals coming from above are from all major trendlines, all broken...
The levels below are good spots for entry. The lower the better. Any of those could be where price rallies from. Targets are next levels above around 6500. Could have strength to push further beyond but likely it will pause around 6500. My long term targets for this leg up are 6900-7100s
Retrace down before pop up to next level seems probable. Nice little scalp or entry. 6400 will be a big point. Could see rejection to a continuation of downtrend. Or could gain it and stay on course with the 6900-7100 target.
#Bitcoin | $BTC - Next stop @ $8,000 USD!