I always like to keep it plain & simple. No fancy talk. I will go straight forward.
BTC builds up around 9800 and consolidating towards the upper edge of the channel so a breakout will be imminent. Direction may be confirmed till 1600 Zulu time or around. Just beware of the false breakouts. BTC does that always. Seems it is more possible of going down then up but...
There is a 15min divergence in the chart and the BTC is in a strong support. We have a potential buy opportunity here for day traders. Don't forget to put your stopp losses.
We may even go long if get a clear confirmation.
Check my earlier posts.
Disclaimer: Demo accounts only. Not for live trading. You are responsible for your own...
BTC Squeezed in a narrow area. It bounces from every little support and resistance levels. From this moment it is not possible to guess whether it will break up or down. I believe the downward trend is not finished yet but also I am cautious about a break upwards from the channel. Lets see what will happen. Very risky to stay long at this point even it easily can...
This is my analysis for the idea that this is a correction wave. You can see the main trend line in the chart. If we bounce back from the 9300-8900 support level then we can see 15000 and higher levels. Do not forget that this is BTC and can do what ever it wants. Wait for the confirmations.
If it breaks down that support then we can see 7500 or even a trend...
The support level of 11130 which is a very strong support level. But We have a obvious ascending triangle and if the 11130 support can't hold it (probably can't) next stop looks like 9800. Looks like this is the correction we are waiting for a long time.
Disclaimer: Not for live trading. Take your own risks. This is only an idea.
Buy when everybody sells and sell when everybody buys.
We come along way without a proper healty correction, this is very alarming for me. The atmosphere is too good to be true. Some may have other plans as they did before. No one can really tell if the bitcoin will go sky high or to a bottom line. Who knows tomorrow BTC is not going to fall deep down to 1000...
I find Bitcoin very risky at times like these. Now it is just gambling it can go either skyrocket or skyfall. I see a very obvious head and shoulders pattern and I will stay out of the risk area unless it beats up 8500+. On the other hand there is a divergence which points a decline in short term.
Disclaimer: Not for trading.
I believe we are going to have a correction soon.
Signs of a correction.
We have a divergence forming up on daily chart.
Volume is constatly getting lower parallel with the divergence
we've already completed 3 impulse waves (elliot waves),
we are in the overbought zone in bolinger bands for a while
the delta between EMA lines is wide enough and will likely to...
Hello Fellow Traders,
Although we have a significant diversion in all time intervals we keep going higher and higher. We are in a overbought zone in RSI also I lost track of counting elliot waves. There had to be a correction sometime ago but didn't and still no sign of it. Instead we are making a surprising parabolic accelerated bullish run in the last 24 hours....
Final countdown. We are almost there. The last line of resistance. If we could break 5400 USD then we can confirm the bull run. Odds are RSI is oversold and heavy resistance. This will be tough.
This is not a trading advise. Just my idea. Do not use it for your investment.
If you don't invest in Bitcoin NOW you will regret it for the rest of your life and your grand children will probably curse you forever.
Here is why;
Check the pattern in the Chart very carefully. See the resemblance?
On October 2nd, 2013 BTC price was 77.9 USD and then on 30th November 2013 BTC price sky rocketed to 1173 USD. Following 685 days BTC price was...
If I know anything about Bitcoin that it is the most deceptive.
Whenever everybody starts to talk bullish and everything looks green it declines fast, fast as light speed and whenever everybody starts to talk about BTC that it is going to hell it goes high and higher. Look at the ideas how bullish they are now. Just a couple of days ago same ideas were talking...
In our 15 minutes time interval the trend was in a descending triangle . Trend has already tested to brake the support 2 times before and finally manage to brake on the 3rd try. Tenkansen crossed the KinjunSen downwards in the cloud as a medium sell signal. Leading clouds is red and getting thick. Price is below Kinjunsen. Chinkou span below...
Considering my drawing as an Elliot Wave Pattern I think we have completed the first 2 impulses but the last impulse is not over yet. I believe it might end somewhere at 9500$.
Educational purposes only not for live investment.