Schoppenhagen

Schoppenhagen

Yesterday i already smelled something fishy. There was a pretty hard decline of a (down) trend-line that started in march of this year. In combination with the low volume it didn't look good for BTC. It is possible that we bounce from here, BUT we need buying volume and get the hell out of this triangle. We need to pass 6500 and hopefully that will become our...

Schoppenhagen

We need to finish the correction pattern first (ABC) before we can go up again. That way the RSI can reset as well. After hitting 6340 we will go up again. Probably around 6880

Schoppenhagen

In my last analyses on the 21st of September i showed you the count for being in a first impulse wave after correction. Bitcoin smashed that out of the window so we are probably still in correction (duhhh). We will have some retrace now after the last drop, i think to 6650 at maximum. In my opinion a nice moment to ladder your shorts.. After this retrace we are...

Schoppenhagen

Placed some EW for you to know where Bitcoin is going the next couple of days... :)

Schoppenhagen Updated 

The bears (shorters) amongs us were in heaven yesterday.. Unfortunately i thought we would reach 7522 first before we go down. Obviously my stop-loss was hit, hit hard ;) Now we are around 6400 and we need to retrace at some point and i think this point is reached. First stop will be 6664 and if we can extend that wave we will hit 6834 . Afterward we need one...

Schoppenhagen Updated 

There has been forming a symmetrical triangle on ADAU18 (Bitmex) which normally breaks out in the direction of the trend. Short-term trend is down, so there is a high probability that ADAU18 (Bitmex) will breakout to 0.00001102 in the next 3 to 7 days. When it breaks up the target will be 0.00001831. Remember to keep an eye on that possibility as well. For the...

Schoppenhagen Updated 

We are still in the rising wedge to reach our target of 7522 USD, but there is a lot of work to do for BTC to reach this. I personally still believe in this target, but it will be hard. When we fall through the support of the channel our first support is on 7275 USD and the second support is on 7082 USD. So for now i will be long until our target of 7522 USD is...

Schoppenhagen Updated 

Short term we see a Bullish Ascending Triangle developing with a target of 7522 USD. This target is a bit higher then my previous target. After reaching this target we are very probably at the end of a Bearish Rising Wedge which will take us down to 7082 USD. Dont forget to like my ideas and follow my channel when you enjoy what i am doing here! Note: I am...

Schoppenhagen Updated 

There has been forming a symmetrical triangle on XBTUSD (Bitmex) which normally breaks out in the direction of the trend. Short-term trend is up, so there is a high probability that XBTUSD will breakout to 7400 USD in the next 1 or 2 days. When it breaks down the target will be 7060 USD. Remember to keep an eye on that possibility as well. For the highest...

Schoppenhagen Updated 

LAST CHART DIDNT LOAD XBT is making higher lows the past couple of weeks which seems to form a ascending triangle . We have a big support in volume at 6730 and 6470. If you want to ride this trade check the instructions below: - Buy zone: 6805 ->7140 - Target 1: 7285 - Target 2: 8160 - Stop-loss: 6660 Note: I am not your financial adviser... Just want you...

Schoppenhagen

XBT (BTC) is making higher lows the past couple of weeks which seems to form a ascending triangle. We have a big support in volume at 6720 and 6380. If you want to ride this trade check the instructions below: - Buy zone: 6820 ->7180 - Target 1: 7370 - Target 2: 8160 - Stop-loss: 6700 Note: I am not your financial adviser... Just want you to ride along on the...

Schoppenhagen Updated 

I have some good news and some bad news for you.... Witch do you want to have first? Ok, i will start with the bad news so we can have some fun in the end.. Really nothing is happening at the moment with BTC where a lot of Alt's had a nice spike up. BTC is still between 6625 USD and 6770 USD. It is like watching Ben-Hur for the 20th time. The good news is that...

Schoppenhagen Updated 

When Bitcoin stays within the rising triangle i see a sort term target of 6580. It is also possible that Bitcoin will break trough and we fall back to our old support of 6430. Mid term looks brighter with a possible target of 7320. Watch for Bitcoin breaking the resistance 6750. When we break trough possible target is 7320. That said it think we need a little...

Schoppenhagen Updated 

XBTUSD will make a last wave down and will probably bounce on the last resistance of 6150. Use stop-loss around 6475.

Schoppenhagen

Is this a clear 5th wave and will we correct afterwards?

Schoppenhagen

I think we will go to 8.2k to test the resistance again, have a small correction there and then go to around 8.8k / 8.9k. When we brake the support where we are right now we can drop very fast to 6.8k / 6.6k. Smash the like button when you appriciate :)

Schoppenhagen Updated 

Hi guys, After making a lot of (beginner) mistakes i started studying the Elliott Wave theory and saw that, how freaky it is, it often turns out that way. To help you guys out i wanted to share my analyses with you for the current BTC-USD situation based on the Elliott Wave theory. I will keep you update as much as i can and hopefully i can give you some...