Currently, we are seeing BTC test the $6000 resistance which was attempted and rejected earlier this week. The upcoming Segwit2x fork is definitely in play here as we are a little over two weeks away from the 494784 block being mined (fork block). Current projections have that happening as of 10/16/17 (Thursday, November 16, 2017, 5:53 AM - per respective...
Bitcoin, most likely, finished correction in wave 4 (blue). By the nature of the previous 2x pulses 1 and 3 (blue), we think that 5 (blue) will take the form of a diagonal triangle, which will complete the bull rally on September 15, 2017. We are waiting for the price increase to the levels of 6500-6600, where we will turn over into sales.
Here is my projection for the upcoming B2X hard fork. Fib resistance is turning into support, that could be the base for another breakout that eventually will lead us to $7900 and trigger a major correction. We'll see how things play out.
The price has drawn some momentum. While it is not clear, this is wave 1 (black) in the direction of further growth in wave 5 (blue), or it is a corrective impulse wave a (black) in b (blue). Our strategy for today: test purchase on the signs of the end of the wave b or 2 (black). Landmark - the border of the blue channel and the level of prices in the area of 5700.
UNLESS everyone fomo cause of segwit 2x but if this situation rolls out next target 8250
The price continues to draw a correction, and we are trying to lick the cream. At the moment, the situation is such that the supposed wave a (blue) may have completed its structure in the form of a zigzag. There was also a touch of the channel (blue), which indicates the presence of wave 4 (blue level). Since the structure of wave a (blue) has a zigzag formation,...
Appears to be a bullish divergence based on a higher low and a lower volume and lower low on the RSI. This coincides with Coinbase's announcement that they will continue to support "bitcoin" as the original chain and refer to bitcoin 2x as b2x. Could dip a little more today, but should be positive by tomorrow.
BTC hard fork is around the corner and everyone wants some free BTG! Long the BTC for the next hours. If you want your free BTG too, keep your bitcoins until Tuesday and then sell them. Let me know your opinion if you have different ideas! :)
5 All time highs in a day. 100B Market Cap. Now with a 100B Marketcap, official institutions, central banks and governments are able to invest in bitcoin. I´m SUPER BULLISH !!!
Wait till it reaches the support (down ~1%) and then you can go Long with a 2:1 ratio if you want to be conservative. If you want to be aggressive set a 3:1 ratio (stop between the support and the EMA 200). IMPORTANT: next days we will face a breakout. The resistance will become a support. If you have different ideas, please share them with me ;)
We assume that bitcoin forms wave 2 (black). The closest price levels for making test purchases are at 5500.5400. When the price of these areas is reached, we expect a rebound, as well as a further increase in the bitcoin rate in subwave 5 (violet).
Wave 4 (purple) presented a "surprise" for many. As a rule, one who is not ready for such situations, in fact, expresses his thoughts in actions: "Ugh, pla falls! I will close!". There is a discharge of the previous impulse, which developed without correction, and the price starts an upward movement further. Now a new impulse subwave is forming. Recklessly climb...
BTC10K From the $5,000 breakout, we will see downside, eventually to the $2200 - $2500 area. From there, its BTC10K BABY! You saw it here first, and if you weren't cool enough to buy in when I clearly told you to do so, don't blame me when you are sat there with your "real" money. #SHEEP #TheyTellYouItsRealMoney SennaLeighton.com
BTC10K From the $5,000 breakout, we will see downside, eventually to the $2200 - $2500 area. From there, its BTC10K BABY! You saw it here first, and if you weren't cool enough to buy in when I clearly told you to do so, don't blame me when you are sat there with your "real" money. #SHEEP #TheyTellYouItsRealMoney SennaLeighton.com
Yesterday, we painted a possible 1 wave (black) in the form of a wedge. We have defined its boundaries. Correction wave 2 (black) may still last for a while, and a place for a good purchase has already been formed (for those who are out of the market). In the near future, we expect the growth of bitcoin, but we do not exclude any surprises with a failure below.
We are looking at all indicators capped out here (stoch rsi and macd) so i think we are due for a retrace , yet we are still bullish so btc should break out the rising wedge then continue to progress in an upward channel just have your eyes peeled for bitcoin community and whales looking push the breakout of the rising wedge upward past 6k i dont think it will...