Price was showing sideways movement in the upper rectangle for around 10 days when it broke down to the lower rectangle.
Now we've had a slight bounce back up.
Will this bounce be a good opportunity for bulls? or is it just a slight bounce before it goes down further?
I believe this will be a good long opportunity.
We are in a correction wave after the A...
Bitcoin will start a long rally towards $16k.
We will reach target by the end of this year.
I will be laddering in my long positions between $6600 and $7100.
I'm expecting Bitcoin to hit bottom around next week or the week after.
I hope everyone makes good profits in Q3 and Q4 of 2018!
Last downward Mid-Term impulse before we see a major bull run for the Long-Term.
However, I'm not trading this.
Just waiting to enter my long position for the Long-Term.
Price is moving towards the apex of the triangle.
We've hit resistance but we have a bullish divergence on the Stochastic Oscillator.
I believe we have the momentum to break this resistance and start our bull rally.
60MA will act as initial resistance.
My initial target is $7600 but I don't believe it will stop there.
Breakout is imminent!
Bitcoin Cash is looking bullish in the long-term.
We have found support on the 0.786 Fibonacci retracement level.
This support line is very strong especially because it's on the border line of the small and big volume node, meaning trades were abundant above the support line but whenever it touched the support line it bounced back up or it needed a big volume to...
We'll be spending some boring time within the rectangle for a while, perhaps a few days.
Let us be patient and wait for the perfect moment to enter long again.
I'm seeing many bearish signals.
First, there was a bearish divergence in the stochastic oscillator(yellow line).
When it is hard to tell which side is higher or lower in the oscillator, we can compare the length of time the oscillator stayed in the overbought region.
Clearly, we can see that the oscillator stayed in overbought for a longer time on the left side...
I believe we have one more upward impulse wave left before a correction.
Price action has been very bullish in the past few days.
I believe it was the 3rd wave of the upward impule.
The bullish momentum has been strong so I suppose price will find support at 0.236 or 0.382 Fibonacci retracement levels.
Price had retraced at this range(yellow circled area) when it...
I'm still bullish on BTC.
We've hit bottom on June and price is in correction.
However, we don't have strong momentum to move up immediately.
We've almost reached 0.786 retracement level.
Probability of seeing a lower low is very unlikely.
We've seen a bullish divergence on the stochastic oscillator and this bullish momentum is still valid.
I believe upward...
BTC is looking bearish in the mid-term.
We'll see one more lower low before we continue our bull run in the long-term.
However, this is only a sideways correction.
I believe we'll stay in the 6000-6500 range for a while before we go up again.
I'm seeing some bullish signs.
I've posted a long-term trend prediction with a bullish divergence on the 2 day Stochastic Oscillator.
Now we are seeing another bullish divergence on the 12 hour chart too.
A bullish divergence within a bullish divergence!
I'm also seeing an inverted head and shoulder pattern with volume confirmation.
A head and shoulder pattern on...
We may see one more Lower Low, which I expect to be the last correction in the long-term trend.
I expect price to go down once more but I'm not shorting as the risk is too high.
I'd rather wait for the long position.
You don't want to miss the next long position.
Price is fluctuating but this is not the end of the correction.
Price will go up and down.
20 MA and 120 MA will act as Support and Resistance
Then we can go long for the long term bull run.
Be patient.
We're bouncing back up from the last decline.
However, this is not the end of the correction.
Price-wise, we've reached short target, but we need more time before we can start running bullish.
The 20 MA is acting as our support line.
You may trade the slight bounce but you don't want to miss the next correction as we may never see this price again for the next...
I'm posting analysis for short, mid, and long term.
This is the short term analysis based on the 4H chart.
Price has dropped greatly in the past few hours.
I wouldn't be too surprised to see a lower low, but I'm not too worried as I'm only trading 10% of my total investment currently.
We'll go up once more.
120 MA is acting as resistance.
