Moving averages on the weekly timeframe
Level 7700 $ in support of EMA100 and EMA50
Congratulations, a full-fledged bear cycle has begun.
no need to be deceived and entrusted in the same moon, with the current.
These are all long-term forecasts.
I trade with my team on swing trading.
We earn on average 10% per month.
Want to us in the channel view:
Looking at the daily chart BTC is in a descending triangle..
BTC entered it in mid Jan 2019 (at 13,786.41) and is staying within the guide lines pretty well.
The triangle is due to end in mid Jan 2020. (at 5,850.63)
If BTC stays within the triangle and breakout to the downside it could take us as low as 2K
if it breaks to the upside BTC will be making up for loss...
If prices hold at this level, it should bounce back around blue box.
After that, looking for long position, prices should be side-way around here in between the red line and blue box before breakup. Cutloss should be when price crosses the red line down.
If looking for short position, taken a reversal PA when price bounces up to blue box area. Use fibo target as...
The fractal nature of the symmetrical triangle breakdown is uncanny. I believe the current correction is nearing its terminal phase given that red C of the ABC sequence likely has one more lower low.
The correction bottom likely has strong affinity towards the 0.618 Fib level and thus a range of $7,227 to $6,800 would be the projected range.
In line with the...
BTC Bearish scenario
Now BTC trading at 8312-8378 potential forming a bearish head and shoulder pattern if this pattern will play potential target at 7900-8000 region. Let's wait and see if BTC will move downwards in the next hours stay safe Happy trading
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BTC BULLISH SET-UP Scenario
If BTC continue bull rally must hold support 8000-8300 incoming bull cross on MACD with 2H time frame and 3H Looking to form a rising wedge pattern retest of 8600-8700 region with 200MA in 3H possible might get a potential rejection in this region and we also have a strong resistance zone at 8800 - 9000 if BTC breaks this resistance...
Because everyone Long, I imagine a trap that we've already seen with the same pattern, a good F*ck Off.
So, I Short, target below 8 and Stop at 8550. If we pass the 8550 again, I will go Long.
Have a nice Day & week end :)
hey guys welcome to a fresh new update of Bitcoin XBT, and be ready to make huge gains with us...
now if you're new here than make sure to follow me coz we brought awesome and most profitable trading ideas for you here, if you've not checked my previous update on Bitcoin than i would first recommend you to do check it out, here it...
Before predicting Bitcoin to 100k or 1 mill remember, "The World has enough for everyone's need but not for everyone's greed"
Disclaimer : As a chartist I don't have any intention to manipulate the prices, all our work is completely based on our research and analysis, we request you to please read the complete report before making any type of comments. the only...
I HAVE JUST DUSTED MY CRAYONS OFF.. and it is time for a new chart, as the last one invalidated with the last drop.
We broke down through the SUPER DUPER SUPPORT, the pattern was extremely profitable until this point :)
Right now I am looking at this pattern...
Today I want to share my thoughts on Bitcoin.
we have reached 13.9k and are moving down now. I am still convinced that this is a correction after which there will be an upward movement. I'm waiting for the support level 9200 there is a chance that we can go lower and touch the support line of black downtrend channel. The same line of support...
Bitcoin Breaks Down
After weeks of indecision and what appeared to be a strong argument for $10K $BTC, bear pressure finally broke through the lines and took Bitcoin down hard. The carnage on the charts wasn’t limited to $BTC, however, as all the majors ($ETH, $XRP, $EOS, $XLM) took hits in the double-digits. The surprising and impossible to predict turn of...
- In 2 Hrs TF, BTC Again Forming Bearish Descending Triangle ..(Not Completed Yet)
- VOLUME is Decreasing & Indicators Are Also Turning Bearish..
- Expecting Another Breakdown in Next 10-12 Hours (But Wait For Next Update)
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