Bitcoin / U.S. Dollar

BITSTAMP

BTCUSD

Hello traders! I hope the markets have been treating you well and you've been crushing all of your trades. In today's post, I want to give away a chart that has made me a lot of money dating back to 2016. I also want to go in to detail on how I use the RSI to determine when to get in and out of Bitcoin by determining...

Good Morning Friends! The short-term action continues going back and forth inside the horizontal triangle on the chart... After two days of consolidation below the triangle’s descending trend line with zero success breaking through, Bitcoin plunged $900 to $9,968... Looking at the daily chart, Bitcoin has yet to produce a higher low and has been moving in a...

Good morning guys! this could be a short-medium term scenario.... NOTE: at the moment, the trend is still bullish. Subscribe to this idea (click on the flag under the chart) to receive notifications and updates in real time. If you think our analyzes are useful, support us with a simple "Like", thank you and trade with care! Cheers.

We can see how the support zone, formed by SMA100 and 10 000 level, can hold the market. The price action in this zone is going to show us further market movements. If we get a reversal candlestick pattern, it will be possible to use it as a buy signal with a stop below the Low of the signal candle and the main profit target at the downtrend line. If the price...

Hey guys, today topic is very interesting and something that i have noticed since a while(CME) ... I think its the right time now(Bakkt) to share with you and let me know your thoughts about it... Fundamentals analysis is great indeed but i rarely believe it works for me more than TA. Because simply you can't know When the market will react to this news or How!...

Good morning, traders. Over night we saw price fall through the ascending wedge support. I mentioned yesterday that traders should remain mindful of the H4 Stoch RSI as it had dropped out of overbought and had a lot of room to continue dropping. I also mentioned throughout the day that volume continued to drop as price rose from the August 14th swing low and this...

BTC is following a very interesting pattern. There is a very large similarity between what happened in 2014,2015, 2016 and now. We had a major correction started at point A in late 2013, and ended at B early 2015, which is very similar to the most recent major correction from pont C to D. After bottoming at B the price rallied and stopped temporarily at the...

$BTC has broken all support levels and absorbed the whole upward movement. Huge sell volumes. However, we also can't ignore the fact that the price bounced from the ascending support. In case the price will continue moving close to this support, more likely one will be broken downward. We can also see a bullish convergence which increases chances of a local...

Direction: Long Reasons for open position: - Falling wedge on downtrend - Support zone Guys, if you like the idea please put like button and if you have your own ideas you can share it in comments, I would like to see it. Also, you can ask me questions which you have in comments! Please no need to write them in PM, ask in comments!!! Thank you very much for...

Of Falling Wedge!

Good morning my fellow Bitcoinistas! It looks like the pattern from my previous charts are playing out very well. A 3-3-5 Flat, X Wave, followed now by what looks to be a 5-3-5 Zig Zag. This chart zooms in on the Zig Zag to show how the count may play out. If Waves 1 and 2 are complete then we are currently in Wave 3. This Wave should complete soon IMO, and...

Good morning, from my side (cause I do see it happening again and again), a little reminder of how Head & Shoulders is looking like and how you should draw it. Too often misused and misunderstood, I don´t wonder why most of the trader´s or technical analyst youngsters are not successfull trying to trade this. The same rules apply to an inverted Head & Shoulders....

SMASH THAT LIKE BUTTON IF YOU WOULD LIKE TO SEE MORE OF THIS CONTENT As you might know, we had short position as entry at $10,900. We are moving out stop to trailing at $10,540 Our first target is sitting at $9,900, second target is around $9,000. Final target is at $7,200. Potential reversal zone for buyers is sitting between $10,000 and $9,000. Potential...

Not long now!

R/R: 3.5 if you have your market view, please share it in comments Also you can ask me questions... Have a great day everyone!

8500 REALLY IS GONNA BE THE BOTTOM OF THIS MARKET NO WAY I CANNOT BELIEVE MY EYES!!!!!!!!!!!!! WHEN YOU DRAW YOUR FIBBINACCI THIS WAY LITERALLY EVERY SINGLE SUPPORT AND RESISTANCE LINES UP WITH THE FIBS ZONES PRECISELY ALL THE WAY BACK FROM THE HIGH OF 19800 FROM LAST YEAR!!!!!! NO OTHER FIB WILL LINE THE LEVELS UP THIS PRECISELY THIS IS THE REAL FIBBINACCI AND IT...

Well, not quite. But pretty darn close.

Taking a look at the log scale of Bitcoin on a weekly chart, we can see the current PA eerily resembles that of 2014, as shown by the arrows. in 2014, price peaked around $1150 before retracing back down to the $350-400 range followed by a brief accumulation phase. Following that, price rocketed above the 20 week moving average, but failed to maintain upside...