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April

Bitcoin (Mid April). Still Bearish. Don't Fall for Bull-TrapThis is my update for Bitcoin in April. I do understand the idea of buying Bitcoin on the weekly swing trade since it is near reaching the 8.5k-9k resistance area it has reached many times before. In the very short term, we do see a bullish ascending penant and it could very well turn out to be an inverse head and shoulders. But the RSI is questionable, and is already near the top, and falling a bit. Those in it to hold mid to long-term should still wait before reinforcing. Look at the grand pattern. It's still a parabolic rise followed by a descending triangle. Bitcoin's periodic rises throughout this winter and early spring haven't been nearly as much as its hemorrhages to the point where it's a plain descending pattern. This very recent jump is not the real bull-run. Odds of seeing 12k this or next month are slim and odds of seeing it go beyond that within that period are virtually nonexistent. We may go up to 9k again, but Bitcoin is still poised to go to 4000-5800. If you've followed this page for the past few months, you know my projection for the market hitting rock bottom is estimated to be late April throughout May for a while. No FOMO.
BITFINEX:BTCUSD
by dfsemeraro
Every April Since 2013Thank you for visiting my first post! Hopefully this chart will put this market into a broader perspective for you. As we can see, every April has led to a blessing of 30-200% gains over a 1-3 month following period. Right now, historically speaking, is probably the most reliable time of year to buy. I understand the top TA's on here who are looking at the short term charts are saying otherwise, and I don't doubt that we may see a slight correction from here before moving upwards. But some are suggesting today's spike was possible whales/manipulation. Other people are saying it was a FOMO pump. Here's why i disagree. 1. Whales are investors too, and are probably aware of this 5 year trend. 2. Today's pump was likely not the "whales," but people who saw last week's resistance become a line of support. If you look closely on the 1-month you see a small bounce off that new support line before the spike. I have great confidence that Bitcoin is starting it's annual Spring bull run. It reminds me of a Buddhist quote: "Even the god of Spring doesn't know where the flowers came from." I love you, but this is not financial advice. Click responsibly. -Dogecoin_Shill
BITFINEX:BTCUSDLong
by Dogecoin_Shill
Bulls not ready to let bears call check mate just yet.After three consecutive bearish candles under the bearflag it seemed as if breakout was confirmed and then suddenly a huge bullish slingshot cast the bulls upward again somehow closing back inside the bearflag and keeping it still in play and suddenly the chess match between the bears and bulls goin on inside the bearflag was back on even with the bulls down to nothing but their king left on the board and the bears with most of their pieces in tact. So the ebar flag is still in play but quickly appoaching it's end with either this candle or the very next 4hr candle being the last one in the flag, and the bulls are keeping things alive but currently the white fib line is acting as resistance keeping them in the triangle after a big effort by the bulls to blast up outside of the triangle...which so far has appeared to be an april fools bull trap for now. I still think probability favors a bearish breakdown, and now think that the AApril Fool's joke for today was this giant bull trap. However because now a bullish breakout is still very much possible I have drawn a projection trend line at where a bullish breakout could take us (around 8100-8200) Just in case this does have a bullish breakout. I still think a double bottom is likely and now that the blue 161% fib line has been redrawn I will probably enter back in around 6030 or so. with the intention of laddering in a little more if we reach the new lower fib line and laddering in a little more for any further lines of support we reach under that. If we have a bullish break out I will enter right above the neon green dashed line around $7308. you'll notice on this last bull surge we still didn't have a higher high than the last big green candle so we didn't establish a higher high meaning ebars are still in control and increasing the probability of a bearish breakdown from the flag. Still best to always be prepared for the opposite outcome. I remain short for now however ...if the current candle closes above the red triangle of the bearpennant then it may not need to reach the higher high yet to continue upward or break bullishly out of the bear pennant which would definitely give it a higher high, so very wise to watch closely now the next two 4hour candles because a close above the triangle on this one means that it still needs one more confirmation candle/ or a ton of bull volume on the following candle to confirm the breakout so it could close above the triangle on this one but then drop way under it on the next one as a bull trap....if the current candle closes inside the triangle...we will have one more candle that will be after it which will still of a slightly greater probability of breaking bearishly downward but it is wise to be patient with both outcomes before you decide to change from short to long or long to short. This is just my take and not financial advice...thanks for reading!
BITFINEX:BTCUSDShort
by DrDovetail
Bear Pennant continuing to unfold as I expected; Double bottom?In my last Idea I drew some lines of what I predicted would turn into a rather large bear pennant...and so far it's following the Trendlines I layed out for it precisely. It somewhat amazes me how that can happen...But I have switched the dotted blue lines of the equilateral triangle to solid red and havw added the pole of the bear pennant too that ts now looking exactly like a bear pennant so with that I can give you a downward bullish breakdown price projection target of around $5600. That sounds pretty realistic of an outcome and the probability favors it...however there's a chance that before it has a chance to drop that far, that a potential double bottom could happen when it reached the $5,900-6,000 range which was where we had our low in February. If a double bottom occurs we'd be looking at some huge upward momentum of which I will make a seperateidea following this one focusing more on the double bottom and giving you a more zoomed out perspective on my chart. For now though the bear pennants projected range is $5600 unless its stopped first either by a double bottom around $6,000, or potentially just above that at the blue fibonacci 161% extension line at $6071.90. The body of the candle may close/open at the fib line with a wick dipping down to the double bottom zone and potentially a wick dipping as far down as $5600. Now that there wasn't enough bull volume to sustain the recent climb, The death cross will start to occure on many more exchanges once we close the current 1 day candle in 24 minutes from now. Once that happens, I predict we will be dropping in price most of April Fools day...but I see that death cross carnage as simply cryptos april fool's joke and something like a double bottom happening the very next day to trigger a huge upswing and jumpstart the bull market. I'm still optimistic that Q2 of this year can be a very bullish one that I will be long on, but for now I'm obviously short(temporarily)...you choose to do whatever you see fit though as once again this is in no way financial advice! Thanks for reading and best of luck!
BITFINEX:BTCUSDShort
by DrDovetail
Death Cross Confirmed. Yet so far bullish price action.We have seen a nice bullsih climb so far as the new 1 day candle despite the Death Cross also officially occuring has opened which could be one of 2 things....the anticipation of the Death Cross triggered so much selling leading up to it that by the time it actually got here the bears have been completely exhausted, or that bullish momentum is a bear trap. For now I'm going short, and trying to sell as high on the bull momentuma as I can...I personally believe the death cross will not be nearly as bad as some previous death crosses but my own little theory is we may see a horrible april fools drop only to shoot back up on april 2nd the very next day....I'm thinking a some sort of bearish doomsday crypto april fools scenario is likely, and then on April 2nd we see a huge bull surge which in turn creates a golden cross and kickstarts the market. This is just a theory, who knows whether or not it will pan out...I don't reccomend anyone take this theory as gospel but it would be rather amusing to me if it does pan out that way...so for now I remain temporarily short....we will see if it ends up biting me in the end. I still an ticipate we could drop as low as the low we had in february and create a massive double bottom that would springboard us back into a mega bull run but fornow that is completely hypothetical...and for now I remain shor on the short term...good luck out there.
BITFINEX:BTCUSDShort
by DrDovetail
The Bloodshed Is Probably Not OverHello everybody, welcome to my first ever public idea. Who knows, maybe there will be lots more in the future, or if I embarrass myself too bad right now today then maybe not! Anyways, I'm thinking that April could be bloody. And I'm feeling optimistic about May and June. This analysis is based off of Elliot Waves, seasonal patterns, and my personal optimism about the future of cryptocurrencies and Bitcoin in particular! Hold on to your britches folks. Things could get interesting!
Short
by OneKRicher
Bitcoin - Golden Cross/Death Cross/Every-CrossTook both the 50MA/200MA & 100MA/200MA within 1hr, 4hr & Day time-spans. Assigning valves to each 50MA/100MA/200MA. Extremes such as DAY and 50MA/200MA cross-over indicate longer term views decreasing likelihood although registering a more powerful indicator in place as the 1hr & 4hr fluctuate positive/negative multiply times within the DAY cross-over time-span. Golden Cross - Yellow dashed arrow. Death Cross - Red dashed arrow. Green Line - Positive view including corrections on drops , dependent on volume. Black Line - Negative view only correcting on bottom. Blue Line - Little or no price action. This isn't seen as future direction, I have other graphs published for that but shows how busy the current market is with TA ( I could include Flags, H & S....) BTC 0.85% -2.62% is seeing some tough times , so I should write this: ***Education Purposes only***
BITFINEX:BTCUSDShort
by CerealTrader
4
EURUSD: Butterfly pattern setupReason to entry: -Butterfly Pattern -price consolidate around resistant indicate price don't want to any lower and have probability to breakout the resistant of flag pattern (failed flag) -161.8 completion at strong structure lvl -wait for RSI confirmation -wait for higher high and higher close candle to minimize the risk Entry: -127.2% Butterfly’s completion -161.8% Butterfly’s completion Exit: -38.2% retracement -61.8% retracement Void if: -Failed pattern -premature up move Remember that market always right! Manage your trade well!
Long
by WilliamSurya
NZDUSD: Bat and Butterfly Matched!Reason to entry: -Butterfly Pattern and bat pattern completion lineup each other -fib confluence -near oversold RSI Entry: -127.2% Butterfly’s completion -161.8% Butterfly’s completion / bat completion Exit: -38.2% retracement of butterfly -61.8% retracement of butterfly -38.2% retracement of bat Void if: -Failed pattern -if price goes lower to triangle support area, best place to re-entry Remember that market always right! Manage your trade well!
Long
by WilliamSurya
EURUSD: Butterfly inside Wedge Pattern SetupReason to entry: -Butterfly Pattern -1618 Butterfly's completion near wedge support trendline -strong structures at 1618 butterfly completion -RSI oversold and divergence -Harmonic move -Confluence (2) at 1618 completion -inverted flag pattern as the sign of momentum change. Entry: -1272 Butterfly completion -1618 Butterfly completion or.. -at wedge support Exit: -382 butterfly retracement -618 butterfly retracement -wedge resistant Void if: -failed pattern and price already breakout the wedge's support. -if price breakout the wedge's support, immediately reverse as continuation Remember that market always right! Manage your trade well!
Long
by WilliamSurya