Hello and welcome to my Ichimoku Bitcoin Analysis! In these last 2 weeks I have committed the great mistake of not paying attention to the 2 days timeframe. That tf is the one leading the path of Bitcoin so far, and it keep will doing it for around 2 more weeks. In my last post I said that around 9460 I will forget any bear idea and I will go heavy loaded in...
Hello and welcome to my Bitcoin analysis!! In this occasion I´m coming with a short position that I´m pretty confident it will success. After seeing what happened yesterday with the trendline breakout and todays market behaviour, I will make a margin trade with a nice profit ratio. I´m not seeing any strong supports in any of the timeframes, there is no volume...
Hello and welcome to my ichimoku Bitcoin analysis! As I predicted a few days ago, Bitcoin is facing a hard resistance around the 9060 mark. I even expected to try the 9175 last high resistance, but the price it wasn´t strong enough to even touch it, so that makes a drop scenario more powerful. Ichimoku 1 day cloud brings new supports starting from 7800, but in my...
Hello and welcome to my Bitcoin analysis! In my previous idea I posted the importance of the 1 hour candle that has just finished. As I predictd, the price will make a nice move there, but honestly, this 120 bucks up means nothing to the market, it could go $120 down again before I finish this post. For all of the margin scalpers who followed my advice of entering...
Hi and welcome to my ichimoku analysis of our beloved Bitcoin! Actually the lines that I draw yesterday in my daily chart was the most optimistic vision of the price for today. If you have followed my updates, you´ll see that I interpreted the downtrend before it happened. I´m giving very detailed updates with exact support and resistances, and so far it has been...
In my last post I talked about the final fight take place in the 4 hours candle at exactly 2018-04-20 20:00 UGT time, and the importance of that candle. Finally it happened that the bulls took control over the situation and left bears and shorters burned. Well we got a beautiful $8940 and just now the price has broken it to 9010 without any fomo at all. There is a...
2 weeks ago I found this fractal made from trader @chewner. We all know that trading is based on news and history, and it was funny just to watch how the price was following almost exactly the same path as in 2014. Of course now the scenario is quite different, we are not in a massive adoption yet, but there is a lot of industry and big players in this space....
Many of us are looking forward to this great battle for the end of the bearish trend, but the result is not clear at all. I was calling short positions during a few days ago, and just now I realised that the chances are almost equal for each side, however I still think that we have more chances to breakout for a couple of hundreds and get a considerable drop...
Despite the last swing trying to break the last big head and shoulder, the price seems to be declining after the 200 EMA breakout to the downside on the 4 hour chart. We could easily test again the neckline and touch it at around 8.5k, but let´s see, even if we touch it the chances are still to resume the downtrend due to the bear flag confirmation on the 4 hour...
You believed that Bitcoin has reversed so we are in a uptrend but now you are not that sure? This is why: 1. There is no real volume nor bullish power in the market so far. 2. The price still under the big downtrend line created at 17th december. 3. Just today we touched EMA 50 and got rejected. 4. We have made a double top on last head and shoulder neckline. 5....
The price has been unable to breakout through the neckline at 8200, and it has created a double top resistance that remains solid. The ichimoku cloud is bringing a price decline from now until at least 8am UTC time. I expect the price to touch the 0.5 fibonacci pivot at around 7820. It may be a rebound to the 0.618 fibo level but I´ll confirm it later at around...
A breakout and daily close above the neckline will confirm the uptrend while the neckline rejection is clear sign of a near correction. We still may run up to around 8400 and fall down again.
There are many bullish signs all over the market, however the price failed above 8k, just when we hit the 61.8% fibo retrace. Yesterday whales move was genius, lots of shorters got liquidated, and most probably, people going long will get a headache from today. My take is that the big guys want to make the hodlers suffer even harder, give up and sell their...