BITCOIN Q3 2018 Free Trading Guide
Updated
This is practically the only chart / forecast you need for Bitcoin to go through Q3. Those who follow me would know that this is an update of the same chart which I posted back in July 1 and June 23, except for some fine details. Why make new a chart when the forecast has been accurate so far, right? The targets I laid out in the chart are all pro trade targets where others charge you hundreds a year, if not thousands. Here, you get all that for FREE! The least you can do is give this chart a LIKE! Sounds fair?
Good luck, my friends! Happy trading!
Good luck, my friends! Happy trading!
Note
Thank you for all your support. Keep in mind that those who traded based on this chart has capitalized their first profit with 17.2% gain. Give this chart a LIKE so we can keep this chart on the main page and benefit more friends.Note
DO YOU SEE THE FIERY BULL IN BTC NOW?All the telltale signs of an emerging fiery bull lie before your very eyes... if you know where to look. Bears, still want to short Bitcoin? Think again.
Note
This pullback from Target #1 behaves exactly as predicted. You might ask that if I knew about it, why didn't I warn anyone beforehand. As a matter of fact, I did. Check my BTC forecast dated July 4 with the title "The End is Nigh for Bitcoin's 1st Moon Trip (BTC Analysis)".There is a reason why I marked the targets in my "BITCOIN Q3 2018 Free Trading Guide" daily chart. Every target in the chart is an area where I believe a pullback is most likely to happen. Otherwise, I could have just slapped the chart with a single 10k target. Do you understand now?
If you are an experienced trader or simply paid attention to my July 4 forecast , you would have taken profit around Target #1. But don’t feel bad about it because you still can with the remaining targets.
Now the bears would like to think that BTC is headed down to 5k. I believe that price will hit spring around $6400 because that area has a fortified support wall. I also believe that price will break new highs after that.
Of course if price were to break below that, the bears will take control again. Very unlikely to happen. Happy Trading!
Note
It is amazing how shortsighted people can be. To those who believe, thank you and wait for it.Note
Let's talk about what happened. Bitcoin took a plunge that dragged the alts down with it. Price is currently resting above $6,300 after the pullback which came in too strong for Senkou Span A (top of the bullish cloud) to stop the selloff but don't worry. This is just a blip, a tiny variation in the daily chart and does not invalidate or affect the overall bullish bias of this daily chart.Nevertheless, just to keep you guys abreast with the latest development, I have made a new near-term (hourly) analysis to explain the situation at hand and what we can expect from it. Here is the chart (click to enlarge). Enjoy!
Note
Inverse head and shoulders (bullish pattern) now forming in the Bitcoin 4-hour chart with a potential target of $8,000. Sounds familiar? Yes, $8,000 is Target #2 of my "Bitcoin Q3 2018 Free Trading Guide" - the main chart in this post.Note
Good day, guys! Although here is almost midnight. :) I apologize for not having a chart here as I am traveling again. Let's get on with today's analysis. I see $6175 now and that means our Stop Loss has been triggered. So what are our options now? Well, my friends, I have only good news and more good news. The first good news is that our Inverse Head and Shoulders pattern remains valid so a reversal is still in the cards. The other good news is that we are approaching the end of a very large triangle on the weekly chart so a breakout from here will send us straight to $8,000. Other factors will need to be properly re-evaluated when I get back to my trading station tomorrow. Happy trading!
Note
To my followers, this daily chart is still in play. We will be at $8,000 two weeks from now, if not sooner. If you are a day trader, things may look bad right now. On the other hand, if you are a long term bull, you should probably be drooling over the price we are in. Although looking at the 4-hour chart, we could get another leg lower but the way I look at it, the difference is not much. Alright, I am calling it a day. Good luck, my friends!Note
Isn't Bitcoin bullish tonight/today? Things are looking good, right? I can see more bullish charts on TV than the day before. Anyway, I just had the chance to properly study the chart and I saw a few potential paths (screw technicals) that will lead us to our near term trade exit and beyond, and there is also one that leads us down. So please go through this new chart below (click to enlarge):
Note
Here we go...Note
Good morning, traders. Even though we had anticipated this 7400-7500 rally on July 14 (4 days ago), I am just as impressed with Bitcoin's performance as anyone else. Here is a comparison between my forecast and the actual price now.Forecast (July 14)
In this forecast, I predicted the 3rd wave to end at around 7100, a level to take some profit, before continuing to the 5th wave that ends at around 7450.
Actual (July 18): In actual, the 3rd wave ended much lower but the 5th wave ended just as predicted. This is a big win for us as we not only managed to take profit at 7100 but 7450 as well.
To my followers, thank you for your patience and confidence in me. You deserve this profit.
Note
Notice that if you click Play on the main chart above, you would see that price is actually reaching for #2 of the purple trend line? Let us remain skeptical and patient, while we wait and hope for the best.Remember what I have explained before, every target on this Q3 chart represents a major resistance level (psychological barrier) where price may experience a significant pullback before reaching higher. Good traders always take profit on different levels in a winning trade to guarantee their gains.
Note
My fellow traders, Bitcoin just broke 7500. Looks like we are taking another ride up. The IHS target is somewhere between 7800-8100, a level I look forward seeing.Note
Good day, traders! Are you impressed that Bitcoin crossed $7800 earlier? Do you see that Bitcoin is trending just as predicted in my Q3 chart? Guys, if you bought Bitcoin at $6000 and sold it at $7800, you would have gained 30% profit. I just want you to know that the info I shared in this chart for absolutely free is what pro traders are charging their clients for thousands of dollars. Even so, it would be worth it. My Q4 chart will be released soon and it will be available for a modest fee. If you are interested, please send me a private message before August 1st. Good luck and happy trading.Note
We have reached Target #2 at $8000 in our Q3 chart. On July 13, when Bitcoin was trading at $6200, I assured you all with my reputation that Bitcoin would reach $8000 in two weeks or less. Guess what? It took only 11 days. :)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.