Hey guys here posting a chart illustrating the potential longterm outlook for Bitcoin. As you can see ive made a bear flag which i believe will be playing out in the next 12-48 hrs, although it may happen sooner. I could easily see us having a fakeout to the ~9600 region and from there we can trap more longs to add liquidation to the move downwards. I am short...
Hello fellow traders today i have a chart analysis that some of you have already thought of or seen. We have yet to see our bottom and while this bull rally has been pleasant for all who have been longing it, the bulls may be running out of steam. What's driving our rally is beyond me, possibly the trade war between the U.S. and China or manipulation due to the...
Currently it appears that we have a head and shoulders in the making at the moment. As you can see we are currently sitting near atop of the 50-day moving average at the moment and i expect to see us bounce there to form the right shoulder of a potential head and shoulders. $3680-3750 will be where I am expecting a bounce to the upside to the $3850 range before...
Hey there guys just pointing out a similarity in the chart for you guys. It looks like we are printing another bart pattern and the RSI is showing lower lows as well meaning we can potentially fall or drop out of the wedge at this point into the 3200 range. Waiting for confirmation at the moment before entering a short trade, but i imagine a move will occur before...
Hey guys hows it going, just here to give my thoughts on the market. Currently we have broken out of a descending wedge pattern. clearly turned out to be a bear trap/ long squeeze. BTC atm has followed litecoin and eth because once they had broken bitcoin began breaking out or vice verse. We need to see price action above 3850 and to hold above there on the daily...
Hello traders, i'm here to give my insight into how this market looks to be playing out and what i expect moving forward in the future for this market. No i am not a bear, but i won't ignore information the charts give to me. If you look left on the chart and you zoom out, you can see that in 2013 when we had our new All Time High from $200 level to ~$1200 you can...
Hey guys, im new to trading view so please leave a thumbs up so i can boost my rating. Also leave a comment down below, because opinions and counter arguments are always welcomed.
Now on to the chart. . .
Currently we are creating a descending wedge as you can see ive pointed out on the charts. This normally would produce a move to the upside, but in a bear...
As you can see on the chart Bitcoin on a log chart in the long term, if repeating itself, we have 245 days until the bottom. Last bear market lasted 637 days and we currently have been in a bear market for 392 days. I believe we may see a new bottom in the $2k range in the coming days or weeks and then followed by a lower low in 6-8 months if history is repeating...
Hi guys how is it going. As you can see from the chart ive pointed out some fractals and repeating patterns that i see occuring in the short term. I am expecting an upmove to the $3800 range followed by a bart move to the downside. Awaiting the weekend to see how this formation plays out, but am feeling confident we may see a bart move in the coming days or week...
Hello and good evening. I'm a beginner trader and just noticed something I thought I'd post about. While everyone has been mentioning the Inverse Head & Shoulders, i'm busy taking the contrarian view and am staring at the bear flag currently in the works. I think long term, shorting provides the best opportunities for gains. This is not financial advice, just my...
Hello guys. Currently you can see that BCH has had a fantastic past month from its previous low. If you were able to catch the lows congratulations. We have currently been in a downtrend since the previous moves and we have made a symmetric triangle as you can see i've added to the chart. We are hovering around the .5 range and i have a target set for a .382 with...
Hello guys i'm a new trader here, but I have recently taken a look at the Bitcoin Cash charts recently and have noticed some bullish things on the chart that i'd like to point out. Currently as you can see the sell volume has been declining indicating that buyers may be slowly taking over and we may be seeing the inverse head and shoulders become validated. I...
Hello guys i'm new to trading view and trading. I have only been in this space for about 3 months, but i'm here to publish an idea i'm thinking about and watching form. Currently as you can tell i have drawn in a descending triangle pattern. MACD is showing an imminent crossover indicating that the bears are taking over and on the 2 hour and the RSI is going flat,...
