As we can see, Bitcoin was dumped with a huge red candle and the price dropped to $6300 zone. Immediately afterwards the price railed up above $7K.
On 1D chart, Bitcoin is loosing MA10. On 4H chart, Bitcoin already lost MA10, MA20 & MA50. Expcept MA50, all previous mentioned MAs going to the south. Technicaly, it means that downtrend begun. This idea is also...
I threw away my idea about the major resistance as a profit target. Based on current price action and technical indicators, I likely expect the price drops down. If the idea about H&S is right, we could see one last leg up to $5350-$5450 zone before the price goes down. Then I expect a retracement at around $4800 and then another drop to the lower channel line, at...
Bearish Bitcoin Analysis based on Elliott Wave Count, Fib Time zones and Fib Wedge tools.
The prediction is based on the fact that Bitcoin is still in ABC-Correction of greater degree and the last bottom hasn't been validated yet.
Imo, Wave-A of Grater ABC-Correction is finished and Wave-B is just formed. In more detail, this Wave-B is made up of corrective...
Today, as we all may have seen, BTC had a huge $1000 breaking up candle. Also signicifant volume came. During this flight BTC smashed a few important resistance levels, such as trend line which has been forming for the last 4 months, also $4200 / $4400 resistance levels and finally EMA100/EMA200. Finally BTC got almost to Fib618 and 1D EMA500. Currently is trading...
This idea is based on modified Shiff Pitchfork tool.
Breakout above red line = bullish signal.
Breakout failure = bearish signal, followed by drop to 3600 - 3500 zone.
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BTC analysis update is here!
Let's start with indicators on 1D chart.
The most interesting remains BB. It has been 44 days, since BTC moves above BB's Base Line and at the same time reached out of BB's upper border for the 1st time. Since then has been out of the channel 4 times, which is a lot. BB channel remains narrow, indication a significant price movement...
BTC Analysis Update 21.03.19
Hello Crypto Traders,
I want to highlight EMA100 again. Yesterday, I wrotte, that BTC must hold above EMA100 for several days. Unfortunately, BTC only close above this level once, yesterday.
Today we saw dump below EMA100 and also below 4K level. EMA100 again showed that significantly affect BTC and it is strong dynamic...
BTC developing potential 5th Extension Terminal Impulse.
All of finished Waves-i / ii / iii have corrective behavior and they are divided into :3 segments structure. This pattern usually occurs in Wave-C.
If this scenario is valid, the last 5th Wave would lead us to $4400 mark.
This pattern is usually followed by the price decline. In this case it should be...
Based on current price action, I re-counted my ABCDE Triangle Idea.
There is a good chance, that Wave-D hasn't been finished yet. In that case, the Bitcoin will re-test $3300-$3200 before goes significantly upward.
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I have been watching this shitcoin for last few weeks. Imo NPXS is getting to be ready to popp.
A) We have strong support between 10-12sat. This support was successfully re-tested a few times!
B) Volume profile in last few weeks.
C) One of the cheapest asset on Binance.
I'm looking to pullback to 15-13sat to open more longs.
If you like my TA, pls. hit that...