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I had wrongly predicted that this counter-trend rally would turn around before $7000; however, I still do not see this move as a primary trend reversal, unless we break above the $7250-$7500 level, which I do not foresee happening. On this chart you can see 8 different price targets for shorting BTC, from the most cautious retracement to the full retrace. I have ...
Litecoin and bitcoin just fell below a bullflag, confirmed on high volume, and then threwback partially; this setup is particularly bearish and I've taken some losses of trades, unable to deny the bearish setup. I've included 2 seperate price targets for short-selling or buying back in from cash.
The bull flag which formed following a volume-spike driven counter-trend move has just broken below and confirmed. The throwback which is occuring is, in my opinion, a bull trap. I have put in a trade moderately lower - the nearest support I can find on the chart (with 3x touches). For now, I'm short. I have a feeling that we're going to break sharply downwards. ...
Bitcoin recently reversed sharply on a volume spike, breaking a consolidation pattern. We're now at a price level which has been rejected 6 times, and is also a fibonnacci retracement. In addition, we've formed a bull flag with up-sloping trendlines, but not all bull flags breakout upwards. I've given price targets for multiple scenarios and will make a definitive ...
There's a breakout happening on the 1hr chart, let's keep an eye on it!
I think that the DJI is in for a correction - a serious correction. I say this because the market has formed 6 consecutive lower highs and is struggling. The throwbacks are getting more frequent. It looks to me like we could be in some serious pain - and soon.
If you are holding onto ETH, I would keep holding. My analysis indicates a slow trend-change for Eth. If we can break above $550, I expect a 9% easy return to $600, where we'll have to reevaluate.
Bitcoin (BTC) trading analysis for March 9th, 2018. In this short term trading, we take a look at Bitcoin and what might happen in the near-term. I break this down by going step-by-step: trendlines, volume by time, Relative Strength Index (RSI), momentum, volume profile, and Fibonacci retracements.
We are moving back into very low volume areas for bitcoin, and as with my last idea, that indicates a low amount of resistance for bitcoin to move higher.
The volume profile indicates that BTC was able to pass-through the most recent low-volume area. And now the next area of high-volume is around the $11,000, which I predict BTC will touch, barring no new negative news. In my estimation this should happen within the next few days. Once BTC hits the $11,000 we should see another area of consolidation as institutional ...
Bitcoin faced strong accumulation around the $8,000 level, and the P.O.C - Point of Control - on the Volume Profile is between $10,000-10,200. Therefore, I see a return, at least short term, to the $10,000 mark. That's up $700 from our current price of $9,300, for a (700/9300) = 7.5% gain.
I caution that this is a short term price target, and I am not saying ...
All necessary text is in the chart.
All of the necessary text is on the chart.
I forgot to mention I also see dash in a rising wedge, which is usually a bearish sign, but it's a particularly weak chart pattern. But, if there's a downward break from the rising wedge, expect prices to go lower, but probably pulling back quickly.
In chart text explains everything.
BTCUSD has reversed 17.5% in very short order follow a v-bottom, showcasing a powerful bullish engulfment candle on excellent volume. Price then breaks out of its recent downchannel, and has now formed multiple pennants.
RSI is also trending up though still below that 50 line.
Momentum has double-bottomed but still below that zero line.
My hunch is that ...
Please refer to my previous chart for the chart with just the broadening descending wedge, which did indeed make a bullish breakout and is charging towards my price target.
Now, I see a bull flag forming on XVG, and we're awaiting a breakout.
All of what you need to know about this idea is written in the chart!
I've spotted a potential double bottom on the BTC 15 minute chat. But, it will need to breakout and confirm above that neckline I drew.